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The UK Government announces long-awaited and extensive reforms to the foreign investment regime

On 11 November 2020, the U.K. Government announced long-awaited and extensive reforms to the U.K. foreign investment regime. The reforms proposed are more significant than anticipated and include a mandatory notification regime alongside broader “call-in” powers for the Secretary of State. The regime will likely extend to a much broader range of sectors than effected currently. The new framework represents a marked attempt by the U.K. to “catch up” with international trends, where intervention in foreign direct investment (FDI) is on the rise. This is driven by global geo-political considerations, but is also in response to strong public outcry over a number of high profile takeovers by foreign companies in which the U.K. government had only limited grounds to intervene—Kraft’s 2009

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Authors

  • Shearman & Sterling (London)
  • Shearman & Sterling (Brussels)
  • Shearman & Sterling (London)
  • Shearman & Sterling (London)
  • Shearman & Sterling (Brussels)

Quotation

James Webber, Sara Ashall, Matthew Readings, Edward Rarity, Elvira Aliende Rodriguez, The UK Government announces long-awaited and extensive reforms to the foreign investment regime, 11 November 2020, e-Competitions Preview, Art. N° 97845

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