The UK Government introduces a national screening regime for foreign investments

On November 11, the UK Government proposed a new national security screening regime that would allow the Government to intervene in “potentially hostile” foreign investments that threatened UK national security while “ensuring the UK remains a global champion of free trade and an attractive place to invest.” [1] If approved by Parliament, the National Security and Investment Bill would introduce a mandatory and suspensory CFIUS-like regime with the following principal features: Transactions in defined sectors would require notification to, and pre-closing approval from, a new Investment Security Unit. Transactions that closed without clearance would be void.A Government minister would be the decision-maker, assessing the risk to national security and the need for and scope of any

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Authors

  • Cleary Gottlieb Steen & Hamilton (London)
  • Cleary Gottlieb Steen & Hamilton (London)
  • Cleary Gottlieb Steen & Hamilton (London)
  • Cleary Gottlieb Steen & Hamilton (London)
  • Cleary Gottlieb Steen & Hamilton (Brussels)
  • Cleary Gottlieb Steen & Hamilton (London)
  • Cleary Gottlieb Steen & Hamilton (London)
  • Cleary Gottlieb Steen & Hamilton (London)
  • Cleary Gottlieb Steen & Hamilton (London)

Quotation

Nicholas Levy, Maurits J. F. M. Dolmans, Paul Gilbert, John Messent, Esther Kelly, Nallini Puri, Tihir Sarkar, Sam Bagot, Courtenay Stock, The UK Government introduces a national screening regime for foreign investments, 11 November 2020, e-Competitions November 2020, Art. N° 97850

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