On 20 May 2024, the UK Government issued updated guidance on the use of powers under the National Security and Investment Act (“NSI Act”). As noted in our blog post dated 26 April 2024, this updated guidance forms part of the UK Government’s response to the call for evidence that it launched in December 2023 asking for stakeholder feedback on a number of areas of potential change to the NSI Act. The updates to the…
On 18 April 2024, the UK Government published its response to the call for evidence that it launched in December 2023 asking for stakeholder feedback on a number of areas of potential change to the UK’s National Security and Investment Act (“NSI Act”). The call for evidence, launched nearly two years after the UK’s first, standalone foreign investment review regime came into force (see here), sought views on a broad range of questions concerning both…
On 4 January 2022, the new UK foreign investment review regime under the National Security and Investment Act (“NSI Act”) came into force, completing the overhaul of the UK’s foreign investment rules and commencing operation of a standalone foreign investment screening regime for the first time in the UK. The new rules require businesses and investors to submit mandatory notifications for certain acquisitions of and investments in companies active in 17 key sectors of the…
With less than 2 months to go until the UK National Security and Investment (“NSI”) Act comes into force – introducing a new foreign investment screening regime to the UK – we are pleased to be joined by Chris Blairs, Deputy Director at NSI (BEIS), and Daniel McCarthy, Senior Policy Advisor at NSI (BEIS), for a webinar discussion, chaired by Tristan Grimmer, Partner in Baker McKenzie’s International Trade team, on the launch of the UK’s…