Julien Blanquart is an International Trade associate in the Government Contracts, Investigations & International Trade in the firm's Brussels and London offices.
Key takeaways → The new National Security and Investment Bill expands the UK government’s powers to intercede in acquisitions of UK companies where it determines there is a potential national security threat. → The Bill creates a new government agency, the Investment Security Unit (ISU) to oversee foreign direct investment review, removing the power from the competition/antitrust regulator, the CMA. → Regulators will be able to “call in” transactions that were not notified but that the Secretary of State determines may pose a national security risk. → A mandatory notification will be introduced for certain sectors, including penalties for failure… Continue Reading CFIUK: The United Kingdom Introduces a New Mechanism for Foreign Direct Investment Screening