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UK NSIA - Key Takeaways From the Annual Report

The report provides insights into the performance of the National Security and Investment Act. The UK’s Cabinet Office has published its third annual report on the functioning of the National Security and Investment Act...more

UK Open for M&A - Government Seeks Evidence on National Security and Investment Act Scope

The UK government is considering steps to make the regime more business-friendly, while maintaining and refining essential national security protections. The National Security and Investment Act 2021 (NSIA), the UK’s first...more

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

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...more

UK Government Publishes Draft Legislation for a New Foreign Direct Investment Regime

Investors should plan today for the UK’s National Security and Investment Bill. On 11 November 2020, the UK government published the draft of its long-awaited National Security and Investment Bill (the NSI Bill). The...more

New UK National Security M&A Regime Expected in 2019

In June 2018, the UK adopted new powers to review certain technology related deals on national security grounds, extending the scope and breadth of its control regime to those that concern computing hardware, or quantum...more

New National Security Threat to UK Private Equity Deals

The UK government has assumed an increasingly interventionist approach to foreign takeovers in recent years. In June 2018, the UK adopted new powers to review deals on national security grounds, extending the scope and...more

UK Adopts New Powers To Investigate Smaller Transactions Raising National Security Concerns

The expansion of the UK government’s foreign investment review powers will require additional scrutiny of potential deals for the early identification of additional steps in the regulatory approval strategy. Key...more

New UK Government Powers Over Smaller Transactions Raising National Security Concerns

Buyers of businesses that produce military or dual-use goods, certain aspects of computing hardware, or quantum technology for supply in the UK should carefully assess the risk of governmental intervention if their targets...more

Can Overseas Bidders Guard Against M&A Risks in An Increasingly Economically Nationalist Europe?

Growing economic nationalism is threatening to impact M&A across Europe, as governments and regulators take an increasing interest in “foreign” acquisitions of nationally important companies. Deal teams have previously...more

New Foreign Investment Control of UK Critical Infrastructure Projects

Changes will align the UK’s policy framework for ownership and control of critical infrastructure with other major economies. On 15 September 2016, the UK Government announced its delayed approval of the proposed...more

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