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BEIS starts to bite: a look at the first NSIA prohibition and BEIS’ new NSIA guidance

On 20 July 2022, the Secretary of State for Business, Energy and Industrial Strategy issued the first prohibition under the National Security and Investment Act 2021. We consider the lessons learned from this milestone and...more

Foreign direct investment reviews 2021: United Kingdom

The National Security and Investment Act introduces a mandatory obligation to secure clearance for certain types of transactions - On January 4, 2021, the long-anticipated National Security and Investment Act 2021 (NSIA)...more

Scope of new UK National Security and Investment Bill clarified

In November 2020, the UK published a draft of its new National Security and Investment Bill ("NSIB"), heralding the introduction of a new regime for reviewing investments on national security grounds. The Bill introduced a...more

State aid and the Brexit Trade Agreement: what's new, what's not, and what's next

State aid remained one of the key sticking points in Brexit negotiations right until the announcement of the Trade and Cooperation Agreement ("TCA") on Christmas Eve 2020. One of the key priorities of the European Union...more

UK outlines its plans for wide-ranging new investment review powers

The UK has published a draft of its new National Security and Investment Bill, together with explanatory notes, heralding the introduction of a new regime for reviewing investments in the UK. The new regime would introduce,...more

UK outlines its plans for wide-ranging new foreign investment review powers

The UK has outlined the details of its new National Security and Investment Bill, heralding the introduction of a new regime for foreign direct investments in the UK. The new regime would introduce, for the first time, a...more

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