M&A – National Security and Investment Act in force from 4 January 2022

The Government has announced that the new National Security and Investment Act 2021 will come fully into force on 4 January 2022. This means that mandatory notification requirements will apply to relevant transactions completing on or after that date, and other transactions (including those which have already completed since 12 November 2020) may be the subject of … Read more

Half yearly corporate update – our latest briefing

We have published our half-yearly update briefing which summarises the major developments in UK corporate law and regulation that have occurred over the last six months, that is from January to June 2021, and which are of relevance to UK listed companies. The briefing is available here. Read more

Public M&A – Takeover Code changes on conditions and timetable in force

Changes to the Takeover Code provisions on conditions to an offer, particularly those relating to regulatory / merger control clearance, and the offer timetable took effect on 5 July 2021. The revised rules, which were set out in the Takeover Panel’s response statement RS 20201/1 (published in March 2021), apply to all firm offers which are announced … Read more

M&A – the new UK National Security and Investment Act 2021

The UK National Security and Investment Act 2021 has received Royal Assent and is expected to come into force later this year. However, as discussed further below, once in force it can apply to transactions being entered into now. The Act will introduce significant legislative reforms which will overhaul the review of transactions and investments … Read more