NATIONAL SECURITY REVIEW IN THE UK: WHAT COMPANIES NEED TO KNOW

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. 

https://www.gibsondunn.com/wp-content/uploads/2021/09/national-security-review-in-the-uk-what-companies-need-to-know.pdf

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. 

https://www.mondaq.com/uk/corporate-and-company-law/1107426/the-national-security-and-investments-act-2021-impact-on-uk-land-transactions

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

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s