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Act On It – The National Security And Investment Act 2021 - Government, Public Sector


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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 ....

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Act on it - the National Security and Investment Act 2021 | Bryan Cave Leighton Paisner


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 live yet, investors should already be considering its possible impacts on deals because of the retrospective effect of the legislation, the Secretary of State’s broad powers under it to “call-in” non-notified transactions for review, and the sanctions for non-compliance (for more detail on this, see our earlier blog post UK National Security & Investment Bill introduces mandatory Governmen ....

United Kingdom , United Kingdom National Security Investment , National Security , Investment Act , United Kingdom National Security , Investment Bill , Key Sectors , ஒன்றுபட்டது கிஂக்டம் , ஒன்றுபட்டது கிஂக்டம் தேசிய பாதுகாப்பு முதலீடு , தேசிய பாதுகாப்பு , முதலீடு நாடகம் , ஒன்றுபட்டது கிஂக்டம் தேசிய பாதுகாப்பு , முதலீடு ர சி து , விசை துறைகள் ,

The Penrose Report – are we heading for a "new normal" in UK competition policy? | Bryan Cave Leighton Paisner


Summary
The Penrose Report to the UK Government recommending wholesale reform to the UK’s competition regime is a paean to the power of deregulation and increased competition to drive economic growth and beneficial consumer outcomes.
In the autumn of 2020, the UK Government commissioned John Penrose MP to carry out an independent review of the UK’s competition policy. Penrose was asked to review how the UK’s competition regime should evolve post-Brexit to drive economic recovery from COVID-19, level up the regions, increase consumer trust, support UK disruptors, and best leverage data, technology and digital skills. 
The 70-page Report, titled Power to the People, was published on 16 February 2020.  Matching the questions asked, the Report is broad in scope and ambition, calling for an entirely new legislative framework, and containing many striking recommendations, which merit serious engagement from public and private sector stakeholders alike. Penrose puts f ....

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UK National Security & Investment Bill - the Potential Ramifications for Insolvency Practitioners | Bryan Cave Leighton Paisner


Summary
The new National Security and Investment Bill, which aims to provide the Government with the necessary powers to scrutinise and intervene in business transactions to protect national security, will introduce a mandatory notification regime across 17 sectors in the UK economy. Although the Bill provides a carve-out for rights exercisable by administrators, insolvency practitioners will still need to be mindful of the risks that the Bill may have on distressed M&A transactions, which may be rendered void if captured by the regime and the notification requirements not complied with.
The regime
The new regime, which is currently still going through the House of Lords but scheduled to be enacted in Spring 2021, would then take retrospective effect from 12 November 2020 and is far more wide-reaching than anticipated. The regime: ....

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