A new National Security and Investment Bill laid before the UK Parliament this week will, on enactment, significantly affect the way investments in the UK can be reviewed by the UK Government where they raise national security considerations. The new legislation replaces stop-gap provisions that had been recently introduced with a stand-alone regime, especially (but not exclusively) targeted at foreign investors. In some sectors there will be a requirement for mandatory notification of transactions to the Government for prior approval, with serious criminal and civil sanctions for failure to notify.
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