Mon, Mar 8, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other voices: UK outlines its plans for wide-ranging new foreign investment review powers

Friday, November 13, 2020

By: Marc Israel, Kate Kelliher

The UK has outlined the details of its new National Security and Investment Bill, heralding the introduction of a new regime for foreign direct investments in the UK. The new regime would introduce, for the first time, a mandatory pre-screening mechanism for deals involving foreign investments in sensitive sectors. This new regime represents a substantial expansion of the foreign investment review mechanism in the UK in terms of both its scope and its powers, and is likely to result in more cases being reviewed - and conditions imposed, or deals blocked - where they are deemed to pose a national security risk.

The UK Department for Business Energy and Industrial Strategy (BEIS) has announced that the new National Security and Investment Bill (NSIB) will be introduced to Ministers on 11 November 2020. This comes after a long period of consideration by the Government, which announced its intention to tighten up the UK's national security rules in 2017. The new NSIB foresees a comprehensive overhaul of the existing foreign investment review powers in the UK. Key features of the NSIB include:

  • the introduction of a review mechanism designed to assess the extent to which transactions could pose a risk to UK national security based on mandatory notification of certain foreign direct investments in UK companies, assets and intellectual property in designated 'sensitive sectors' set to include communications, defence, tran......................

    To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPAC and ESG fads are on collision course with billions at stake[more]

    From Bloomberg: Two of the hottest equity market trends are headed for a clash as some ESG investors are having second thoughts about blank-check firms that have flooded the market. Early signs show that money managers wedded to environmental, social and governance themes are reluctant to buy in

  2. SPACs: Casdin, Corvex are on a SPAC tear, Carvana becomes the darling of hedge funds, YieldStreet explores creating a SPAC of its own, SPAC wave stirs IPO competition[more]

    Casdin, Corvex are on a SPAC tear From Institutional Investor: Casdin Capital and Corvex Management are the latest serial blank-check sponsors.The two hedge fund firms filed plans for their third special purpose acquisition company, or SPAC, just two days after pricing their second one a

  3. New Launches: Vector Group launches new proptech fund[more]

    Vector Group announced the launch of New Valley Ventures, an investment vehicle seeking opportunities in next-generation technologies in the property technology (PropTech) space. New Valley Ventures will invest in promising PropTech startups committed to supporting rapid transformation of the real e

  4. SPACs: Perceptive Advisors lays out the $8bn hedge fund's SPAC strategy, SPAC boom fades as ETFs tracking blank-check firms crater amid risk-off sentiment, Are blank cheque companies surrogates for private equity?[more]

    Perceptive Advisors lays out the $8bn hedge fund's SPAC strategy From MSN: Compared to the average SPAC sponsor, Perceptive Advisors' track record has been phenomenal. Less than a third of SPACs that took a target company public between 2015 and the summer of 2020 generated positive retu

  5. Opalesque Exclusive: ESG factors reflect very serious changes on how dollars will be invested in the future[more]

    B. G., Opalesque Geneva: As reported yesterday, credit rating and research company