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

Quotation

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

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