The UK National Security and Investment Act 2021 started applying on 4 January 2022. The Act radically overhauls investment screening in the UK, by creating a standalone regime with some of the highest levels of scrutiny in the world. It is not limited to foreign investment, applying to UK investors too. Read our Q&A which sets out all you need to know.
Throughout this podcast series, Linklaters lawyers from across our global offices and affiliate firms will be joined by speakers from global FI regulators to bring a different viewpoint on the practical issues, quirks and thoughts on the review process of the respective regimes.
Nicole Kar, partner, and Neil Hoolihan, counsel, had a chat with Private Equity Insights about the upcoming National Security and Investment Act, which will take effect next year, to understand the implications for PE firms and what you can do to prepare yourself for the new investment regime.
Across a series of bitesize podcasts and summary PDF report, we feature partners from our global team highlighting the key themes we believe will significantly affect businesses in the area of competition in 2022.
17 8月 2022
The UK Government has published the first of its Market Guidance Notes, providing clarification on the operation of the UK National Security and Investment Act 2021. This post explores some key issues the MGNs resolve, the uncertainties that remain, and where further guidance would be welcome.
21 7月 2022
Yesterday Kwasi Kwarteng (Secretary of State for BEIS), issued a final order, marking the first prohibition published under the NSIA, which came into force 6 months ago on 4 January 2022. Read our post to find out more.
16 6月 2022
The first report on the operation of the UK’s National Security and Investment Act has been published today, covering the first three months since the regime started applying. Our latest post delves into these freshly released statistics.
10 6月 2022
The UK’s foreign investment regime has been in operation for five months. This post explores some key takeaways from our practical experience of the NSIA, and considers what to expect from the most recent call-ins.
24 5月 2022
As regulators reform and expand foreign investment regimes, technology continues to be at the top of the agenda. We explore recent developments in the UK, US and EU relating to different technologies, including semiconductors, drones, and cloud tech – but what should investors take away from this evolving landscape?
4 5月 2022
From the UK’s new regime to “hot” sectors to early experiences of the EU screening mechanism, we’ve seen many global developments in the first year of FILinks. Read our post to find out more about the key changes from the past year – and what we expect over the next year.
28 4月 2022
The UK foreign investment saga involving the acquisition by China-backed Nexperia of the UK’s largest silicon wafer manufacturer, Newport Wafer Fab continues, with the latest development being pressure from a US congressional committee about the need for the transaction to be urgently reviewed.
9 2月 2022
A CFIUS review in the video game sector is not always fatal - this is the lesson from CFIUS's recent clearance of Tencent's acquisition of British gaming studio Sumo Group. However, investors need to be mindful of the current legal and political terrain affecting technology deals. Read our blog to find out more.
28 7月 2021
The Government has confirmed that the UK National Security and Investment Act 2021 will take effect from 4 January 2022. Additionally, updated draft definitions for the 17 sectors that will require mandatory notification have been published, alongside a consultation on the use of NSIA call-in powers and four guidance notes on how the NSIA will operate. Read our blog to learn about what these developments mean for investors and what they should expect moving forward.
15 7月 2021
The UK’s Foreign Affairs Committee has published its report, “Sovereignty for sale: the FCDO’s role in protecting strategic British assets”. While it builds on some of the core features of the NSIA, some of its recommendations introduce elements with a wider reach than the legislation. Read our blog to find out more.
7 5月 2021
Last week saw the enactment of the National Security and Investment Act 2021. Although the regime is only expected to become operational towards the end of the year, investors already need to consider the impact of the new rules on their current deals, particularly in light of the new regime’s retroactive provisions. Read about this, and the next steps to be aware of, in our blog.
12 4月 2021
The UK Government is reportedly tabling an amendment to its much anticipated FI screening legislation. Amid concerns from business groups about delays that the mandatory notification threshold may cause, this amendment would raise the threshold to 25%. Read our blog to find out more.