Law: National Security and Investment Act 2021 (UK)

UK government declines to take second look at tech startup purchase

The UK government has refused to retroactively review the acquisition of a semiconductor company by a Chinese investment group following a request by a senior politician, prompting lawyers to question the consistency of the regime’s scrutiny of such deals.

26 January 2023

A year of the UK’s NSIA

In effect since last January, the UK’s National Security and Investment Act has overhauled the country’s foreign investment control rules. Arnold & Porter partner John Schmidt and counsel Ludovica Pizzetti shed light on an opaque regime that has already caused five deals to be blocked and another nine to be remedied in its first year.

23 January 2023

UK lawmaker calls for review into Chinese purchase of “leading” tech start-up

The head of the UK parliament’s foreign affairs select committee has called for a retroactive national security review into the completed sale of a domestic semiconductor start-up to a Chinese special-purpose vehicle.

12 January 2023

Concerns linger about transparency under UK’s foreign investment regime

The UK's new foreign investment control regime continues to suffer from a lack of transparency and certainty, which is damaging the credibility of the system, lawyers have warned.

09 December 2022

UK conditionally clears pair of foreign investments

The UK government has imposed national security-related remedies on the acquisition of UK eSIM company Truphone by a pair of European billionaires, on the same day it also placed restrictions on a Chinese electric power company’s acquisition of control over a London-based construction company.

06 December 2022

The Evolving Concept of National Security

Featured in Foreign Direct Investment Regulation Guide - Second Edition

In recent years, the regulation of foreign investments under national security and foreign investment regimes has grown exponentially, with sectoral coverage expanding to unprecedented levels.

06 December 2022

FDI: Widening the Focus on Both Sides of the Atlantic

Featured in Foreign Direct Investment Regulation Guide - Second Edition

In a recent trend worth exploring, governments across the globe have introduced, enhanced or sought greater enforcement of their regimes for the screening of foreign direct investment (FDI) on the grounds of national security and public order concerns.

06 December 2022

United Kingdom: Foreign direct investment regulations

Featured in Foreign Direct Investment Regulation Guide - Second Edition

Until early 2022 there was no dedicated regime for reviewing acquisitions by foreign purchasers in the United Kingdom on national security grounds, but a new regime under the National Security and Investment Act 2021 aims to change this.

06 December 2022

FDI in the Energy Sector

Featured in Foreign Direct Investment Regulation Guide - Second Edition

As one of the first industries in which foreign direct investment (FDI) occurred on a large scale globally, the energy sector has also been one of the first in which legislative measures were introduced to regulate FDI.

06 December 2022

United Kingdom: a Key Jurisdiction for Competition Law Compliance

Featured in The Guide to Life Sciences - First Edition

In the United Kingdom, the Competition and Markets Authority plans to maintain a clear competition law enforcement focus on the life sciences sector, both from an antitrust and a merger control perspective.

21 October 2022

Unlock unlimited access to all Global Competition Review content