In our latest client alert, we provide a practical overview of the UK’s recently published National Security and Investment Bill, which forms part of a new regime that greatly extends the government’s power to intervene in takeovers of UK businesses if there is a threat to national security.
In addition to proving background on this latest move, we address the following areas which may be of particular interest:
- Mandatory notification
- Qualifying entities and assets
- Voluntary notification
- Trigger events
- The Secretary of State’s “call-in” power
- The call-in power is retrospective
- Investment Security Unit
- Penalties and remedies
- Merger thresholds and the CMA.
Access the full piece here.