The UK Department for Business, Energy and Industrial Strategy prohibits the acquisition of British intellectual property by a Chinese Company (Beijing Infinite Vision Technology / University of Machester)

The UK Government this week prohibited the acquisition of intellectual property owned by the University of Manchester by a Chinese company – marking the first time the UK Government has exercised its powers to block a transaction under new national security rules. On 20 July 2022, the UK’s Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, announced he has issued a final order under the National Security and Investment Act 2021 (NSIA), blocking the purchase by Beijing Infinite Vision Technology Company Ltd (BIVT) of

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Authors

  • Hogan Lovells (London)
  • Hogan Lovells (London)
  • Hogan Lovells (London)
  • Hogan Lovells (London)
  • Hogan Lovells (London)

Quotation

Christopher Peacock, Christopher Hutton, Robert Gardener, Mez Azizi, Matt Giles, The UK Department for Business, Energy and Industrial Strategy prohibits the acquisition of British intellectual property by a Chinese Company (Beijing Infinite Vision Technology / University of Machester), 20 July 2022, e-Competitions July 2022, Art. N° 107861

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