The UK’s Proposed New National Security Investment Screening Regime: Standalone, Mandatory, And Broad In Scope

November 20, 2020

The proposed regime is a huge departure for the United Kingdom, since it introduces mandatory filings for certain investments raising a national security concern, while it also gives the UK government extensive call-in powers for a period of up to five years for completed transactions, and it has retrospective application for transactions closing on or after 12 November 2020 but before the Bill is enacted.