by Becket McGrath
As the National Security and Investment Bill (NSI Bill) nears the end of its passage through Parliament, further details of the regime are becoming clearer. Nevertheless, fundamental questions over how the regime will operate in practice remain. Consideration of the long prehistory of the Bill, and examination of how other new investment screening regimes are bedding in, may shed some light.
Click on the below links to read the full articles from the Competition Law Insight Volume 20, Issues 2 and 3.
Part 1 explores the UK’s new NSI regime as it takes shape and how the NSI Act implements a wholly new regime that will enable the UK Government to review a wide range of transactions for potential national security issues. Transactions involving the acquisition of control over, or of non-controlling investments in, entities active in certain specified sectors will be subject to mandatory notification and government approval before completion
Part 2 dives deeper into the intricacies of the NSI Act upon receiving Royal Assent on 29 April 2021. Although we now know the final form of the Act, significant uncertainties remain over its purpose, operation and impact. More positively, the government has taken some sensible steps to narrow the Act’s scope during its parliamentary passage.
These articles were originally published in Competition Law Insight, Volume 20 Issue 2 and 3, Cover Date 2021 © Informa UK Ltd 2021. For more information visit www.competitionlawinsight.com