The UK Competition Authority consults on draft guidance concerning its powers and procedures in the relation to the post-Brexit foreign direct investments information-request process

As noted in our recent LawFlashes, New Powers for UK Government in Transactions Impacting Public Health Emergencies and National Security and Potential UK Reforms Could Increase Screening of Certain Foreign Takeovers, governments are increasing their scrutiny of certain foreign direct investments (FDIs) and enhancing their FDI screening mechanisms. The UK Competition and Markets Authority (CMA) has started a consultation on a draft guidance concerning its powers and procedures in relation to cooperation mechanisms established by Regulation (EU) 2019/452 (FDI Regulation) (Guidance). The consultation started on 7 September 2020 and lasts until 5:00 pm on 18 September 2020. THE FDI REGULATION The FDI Regulation establishes a framework for screening of FDIs

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Authors

  • Morgan Lewis (London)
  • Morgan Lewis (London)
  • Morgan Lewis (London)

Quotation

Omar Shah, Joanna Christoforou, Savas Manoussakis, The UK Competition Authority consults on draft guidance concerning its powers and procedures in the relation to the post-Brexit foreign direct investments information-request process, 7 September 2020, e-Competitions September 2020, Art. N° 96807

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