The UK Parliament enacts the National Security and Investment Act after receiving the Royal Assent

On 29 April 2021, the principal legislation establishing the UK’s new national security regime – the National Security and Investment Act 2021 (the Act ) – received Royal Assent. Although the new regime is not expected to come into force until much later in 2021, the granting of Royal Assent is a major milestone for the new regime which will significantly upgrade the UK Government’s powers to screen and impose conditions upon investments – bringing the UK closer in line with many of its major allies, including the USA, other Five Eyes allies and Member States in Europe. In addition to protecting the UK’s national security from “foreign investors that seek to do us harm”, the Government’s press release flags that the new measures are also designed to make the investment screening process

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Authors

  • Freshfields Bruckhaus Deringer (London)
  • Freshfields Bruckhaus Deringer (London)
  • Freshfields Bruckhaus Deringer (London)

Quotation

Michele Davis, Sarah Jensen, Iona Crawford, The UK Parliament enacts the National Security and Investment Act after receiving the Royal Assent, 29 April 2021, e-Competitions June 2021, Art. N° 100848

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