Transaction Prohibition and New Guidance - Updates From the UK National Security Regime

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The Department of Business, Energy and Industrial Strategy also issued its annual report and further guidance that could help stakeholders navigate the new National Security and Investment Act 2021.

First Prohibition Decision -

On 20 July 2022, the Secretary of State for BEIS (the SoS) issued a final order regarding a licence agreement between UoM and Beijing Infinite, which entitled Beijing Infinite to exploit intellectual property for certain vision sensing technology (known as “SCAMP-5” and “SCAMP-7”).

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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