On 17 October 2017 the Department for Business, Energy & Industrial Strategy (BEIS) published its long-awaited Green Paper National Security and Infrastructure Investment Review for consultation. The Green Paper contains proposals to extend the UK merger control public interest intervention regime, as first foreshadowed when the Government approved the Hinkley Point C new nuclear project over a year ago. BEIS proposes to extend the UK Government's powers to review transactions on national security grounds in two tranches. In the short term, for transactions in the military/dual use sector and parts of the advanced technology sector it plans to reduce the UK turnover threshold for reviewable transactions from £70m to £1m, to enable national security review of acquisitions of smaller
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.