Parliament is currently considering a new law which will allow the UK government to intervene in a broad range of deals on national security grounds putting the UK on a par with other countries around the world that have similar rules, including the USA, Australia, Germany and France.
The law represents a substantial change from the UK’s current system where only about a dozen transactions have been reviewed on national security grounds in nearly 20 years. Under the new rules, the government estimates it will need to look at over 2,200 deals a year.
Join our experts in a webinar on this important development where we will discuss:
- The wide range of deals in scope including deals where as little as 15% of shares in a target are acquired, acquisitions of assets such as land and intellectual property rights and acquisitions of overseas targets with a nexus to the UK
- The Bill’s retrospective effect on events from 12 November 2020 and the impact on current deals
- The mandatory notification rules, expected to catch deals in 17 high-risk sectors: advanced materials, robotics, AI, civil nuclear, communications, computing hardware, critical suppliers to government and emergency services, cryptographic authentication, data infrastructure, defence, energy, engineering biology, military and dual use, quantum technologies, satellite and space technology, transport