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The UK Government introduces a regime for screening foreign direct investments

The UK government’s long-awaited National Security and Investment Bill (the Bill), which paves the way to significant changes in the UK’s regime for screening foreign investment, was laid before Parliament on 11 November 2020. [1] While the text of the proposed legislation will require detailed analysis, it is already clear that the regime will provide for a very different approach to screening national security and foreign investment in the UK than has existed to date. The Bill gives the UK Secretary of State powers to call in acquisitions of interests in entities above certain thresholds or of assets (so-called “trigger events”) where the Secretary of State reasonably suspects there is, or could be, a risk to national security. Unlike the present arrangements under the Enterprise Act

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (London)
  • Skadden, Arps, Slate, Meagher & Flom (London)
  • Skadden, Arps, Slate, Meagher & Flom (London)
  • Skadden, Arps, Slate, Meagher & Flom (Washington DC)

Quotation

Aurora Luoma, John Adebiyi, Scott C. Hopkins, Michael Leiter, The UK Government introduces a regime for screening foreign direct investments, 11 November 2020, e-Competitions Preview, Art. N° 97831

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