On 3 November 2021 Herbert Smith Freehills LLP hosted a webinar, with speakers from the Department for Business, Energy and Industrial Strategy (BEIS), on the UK’s new National Security and Investment regime.  The new regime will overhaul the ability of the UK Government to review transactions on national security grounds, and potentially require remedies to … Read more

On 20 July 2021, the UK Government announced the commencement date of the substantive provisions of the National Security and Investment Act 2021 (the “Act“), and published new guidance for business on the requirements of the Act, new Draft Notifiable Acquisition Regulations, and a new consultation draft of the Section 3 Statement (also known as … Read more

On 29 April 2021 the National Security and Investment (NSI) Bill received Royal Assent. The NSI Act 2021 introduces significant legislative reforms which will overhaul the ability of the UK Government to review transactions on national security grounds, and potentially prohibit their completion or require remedies to allow them to proceed. This is against a … Read more

Key takeaways The UK National Security and Investment (NSI) Act received Royal Assent on 29 April 2021. Once fully implemented (expected by the end of 2021) the NSI regime will overhaul the review of transactions on national security grounds in the UK, including real estate transactions. It represents an important new execution risk factor, with … Read more

Germany is continuing to tighten and develop its FDI regime: After various legislative actions in the course of 2020, the German Federal Government agreed on significant amendments of the existing FDI rules which will enter into force with its publication in the Federal Gazette (Bundesanzeiger). During the last year, the German legislator has lowered the thresholds … Read more

On 29 April 2021 the UK National Security and Investment (NSI) Bill received Royal Assent. The NSI Act 2021 introduces significant legislative reforms which will overhaul the review of transactions and investments on national security grounds in the UK, against a backdrop of tightening of foreign direct investment (FDI) regimes globally. The new regime represents … Read more

The UK Government has today published its response to the consultation on mandatory notification in specific sectors under the proposed new national security screening regime contained in the National Security and Investment Bill (NSI Bill). The NSI Bill is currently making its way through the House of Lords, and is expected to enter into force … Read more

The implications of the UK’s proposed national security investment screening regime have been widely debated since the National Security and Investment Bill (NSI Bill) was introduced to Parliament on 11 November 2020 (see here for our previous detailed briefing). However, as the NSI Bill progresses through the House of Lords, there has been a notable … Read more