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The UK Government publishes a draft law introducing significant powers to scrutinise foreign direct investment

Major Development in UK Foreign Investment Law and Policy The UK government has published long-awaited draft legislation that, if made law, will introduce significant new powers to scrutinise Foreign Direct Investment (“FDI”). The National Security & Investment Bill (the “NSI Bill” or the “Bill”), is proposed to introduce mandatory filing obligations and pre-clearance requirements for all transactions in the most sensitive sectors, irrespective of transaction value and without the application of any other de-minimis thresholds. The Bill proposes to allow Government broader powers of oversight of transactions that have the potential to threaten national security, including certain extra-territorial deals and transactions that transfers rights and interests in assets. However, the

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  • Covington & Burling (London)
  • Covington & Burling (London)
  • Covington & Burling (London)

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Gregory Lascelles, James Marshall, Katherine Kingsbury, The UK Government publishes a draft law introducing significant powers to scrutinise foreign direct investment, 11 November 2020, e-Competitions Preview, Art. N° 97837

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