In brief On 22 July 2025, the UK Cabinet Office made three major announcements relating to the National Security and Investment Act (“NSI Act”), which embodies the UK’s foreign direct investment (“FDI”) screening process. Firstly, the UK Government confirmed its intention to create exemptions to the NSI Act regime for certain types of internal reorganisations. Secondly, it launched a planned consultation on a raft of proposed changes to the notifiable sectors, including the introduction of…
In brief On 23 June 2025, the UK government published its Modern Industrial Strategy paper (the “Strategy Paper”). Among other important proposed reforms to corporate governance and regulatory red-tape, the Strategy Paper sets out plans to hold a 12-week consultation period (the “Consultation”) to identify areas of the National Security and Investment Act 2021 (“NSIA”) mandatory notification sector definitions that could be amended to encourage inbound foreign direct investment (“FDI”) to the UK. The Strategy…
On 8 May 2025, the European Parliament adopted an amended proposal to revise the EU Foreign Direct Investment Regulation (Regulation (EU) 2019/452) (the “FDI Regulation”), amending the proposal originally published by the EU Commission and significantly deviating from it in certain important areas. The FDI Regulation revisions will bring into force significant changes to the foreign investment screening landscape across all Member States. It will be essential for investors to seek regulatory advice early in the planning stages of a transaction involving one or more EU Member States in order to formulate a robust FDI regulatory strategy.