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The UK National Security and Investment Act 2021 (NSI Act) received royal assent on 29 April 2021. Expected to come into force in late 2021, the NSI Act will introduce a standalone UK foreign direct investment and national security screening regime, replacing the current regime that links national security screening with UK merger control.
As described in more detail in our White Paper,
The UK’s Proposed New National Security Investment Screening Regime: Standalone, Mandatory, and Broad in Scope, announcing the introduction of the National Security and Investment Bill (NSI Bill) before Parliament in November 2020, the new regime will significantly increase the UK government’s ability to review foreign direct investment (FDI) in UK businesses on national security grounds. The NSI Act introduces a mandatory notification regime for certain key sectors, stipulates for significant sanctions for failure to do so, gives th
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On 29 April 2021, the UK s National Security and Investment Bill (NSI Bill) gained Royal Assent. The NSI Bill, dubbed by some as CFIUK – a nod to the United States Committee on Foreign Investments (CFIUS) – has now become law as the National Security and Investment Act 2021 (the NSI Act). Widely seen as the biggest shake up of the UK s investment screening regime in 20 years, the NSI Act will modernise the UK Government s powers to investigate and intervene in potentially hostile foreign direct investment, while at the same time advancing the UK s world-leading reputation as an attractive place to invest post-Brexit. Whilst the new regime will not commence until later this year, the UK Government will have retroactive enforcement powers in respect of transactions that have taken place following the introduction of the NSI Bill in November 2020. What does this new law entail, and how will it affect M&A transactions goi
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Summary
The UK s long-awaited National Security and Investment Act
passed into law on 29 April 2021 when it received Royal Assent.
Secondary legislation will follow and the regime is expected to be
fully in force towards the end of the year. Here is what you need
to know.
The National Security and Investment Act 2021:
The UK s long-awaited National Security and Investment Act
passed into law on 29 April 2021 when it received Royal Assent.
Secondary legislation will follow and the regime is expected to be
fully in force towards the end of the year. Although the Act is not