Topic: Foreign direct investment

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

CFIUS stalls Chinese takeover of cancer treatment provider

The Committee on Foreign Investment in the US has issued an interim order temporarily blocking a Sino Biopharm subsidiary’s $161 million acquisition of a biopharmaceutical company.

05 January 2023

UK moves against Chinese and Russian-backed deals on national security grounds

The UK government has ordered an investment company linked to three Russian billionaires to unwind its already-completed acquisition of a domestic broadband provider, while it also blocked a Chinese semiconductor company’s acquisition of a local rival.

21 December 2022

CFIUS orders business with China ties to divest control over US energy company

The Committee on Foreign Investment in the United States has ordered a technology company with a research and development centre in China to fully divest its majority stake in a Hawaiian solar energy storage supplier due to national security concerns.

21 December 2022

UK faces first judicial challenge to deal block under national security law

The Dutch subsidiary of Shanghai-listed Wingtech Technologies has applied for a judicial review of the UK government’s decision to unwind its acquisition of a major semiconductor maker, marking the first challenge under the country’s new foreign investment regime.

19 December 2022

CFIUS concludes no jurisdiction over controversial land acquisition

The US foreign investment review body has decided it does not have jurisdiction over the widely-opposed Chinese acquisition of 300 acres of land near a US military base in North Dakota.

16 December 2022

Data deals undergoing heightened scrutiny in the US, CFIUS lawyer says

The Committee on Foreign Investment in the United States has increased its focus on deals involving sensitive data sets to protect national security, a top foreign investment lawyer has said.

14 December 2022

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

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