The UK Government introduces a national investment screening regime

A new National Security and Investment Bill laid before the UK Parliament this week will, on enactment, significantly affect the way investments in the UK can be reviewed by the UK Government where they raise national security considerations. The new legislation replaces stop-gap provisions that had been recently introduced with a stand-alone regime, especially (but not exclusively) targeted at foreign investors. In some sectors there will be a requirement for mandatory notification of transactions to the Government for prior approval, with serious criminal and civil sanctions for failure to notify. Overview This week the UK Government introduced before Parliament its much anticipated National Security and Investment (NS&I) Bill – setting out proposed legislation for major reform

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Mark Jones, Christopher Peacock, Stelios Charitopoulos, Matt Giles, The UK Government introduces a national investment screening regime, 11 novembre 2020, e-Competitions November 2020, Art. N° 97868

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