On 1 September, an article from Gibson Dunn says that the National Security and Investment Act 2021 will introduce a new standalone hybrid regime of mandatory and voluntary notifications for certain acquisitions that could harm the UK’s national security. The regime also includes a power to call in any deal which raises a “national security risk”. It will take effect from 4 January. The introduction of the NSI Act forms part of a trend towards stricter control of foreign direct investments seen elsewhere.
THE NATIONAL SECURITY AND INVESTMENTS ACT 2021 – IMPACT ON UK LAND TRANSACTIONS
On 1 September, Winckworth Sherwood published an article saying that owners and buyers of UK land need to be aware of new government powers under the National Security and Investment Act 2021 that will come into force on 4 January.
Any modest contributions for my time and ongoing expenses are welcomed! I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y