The UK Parliament publishes the National Security and Investment Bill with impact on transactions with intangible assets

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Introduction The National Security and Investment Bill (the Bill) is currently making its way through the legislative process in the House of Lords. It is not yet in force – however, if enacted in its current form it will be relevant to transactions entered into or otherwise completing on or after 12 November 2020, which could be called-in for review after the new regime enters into force. The main focus of the Bill is on corporate M&A transactions – certain acquisitions of entities active in 17 “sensitive” sectors (many of which are heavily focused on technology and innovation, such as artificial intelligence, or critical infrastructure / services, such as communications) will require mandatory notification and approval before they can be implemented. Our briefing covering the

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