On 20 December 2021, the UK government published an open letter to businesses providing more clarity on its upcoming national security and investment regime. The new legal framework, which the UK government calls “the biggest shake-up in 20 years of the UK’s system for screening investments”, came into force on 4 January 2022. Nevertheless, the UK government’s letter also reassures investors that the UK continues to welcome foreign investment and states that the regime is aimed to block “only a small minority of acquisitions” that pose a potential risk to the UK. This follows a previous update from 15 November 2021 providing a new set of guidance, which complements draft statutory instruments and guidance notes published earlier this year, and consists of: (i) guidance on notifiable
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