Thursday, December 17, 2020
In November 2020, the UK Government introduced the National Security and Investment Bill (the Bill ). Subject to the passing through UK Parliament, the Bill is expected to become law in early 2021, ushering in a Committee on Foreign Investment in the United States (CFIUS)-style regime for the UK Government to scrutinise foreign investment. The Bill gives the Secretary of State for Business, Energy and Industrial Strategy (BEIS) powers to screen business transactions where BEIS reasonably suspects there is, or could be, a risk to national security. The provisions of the Bill would cover the whole of the UK and will also apply to certain transactions that involve the UK. Once passed, the Bill would come into effect from 12 November 2020. As such, non-UK investors will need to be mindful of the proposed reforms given that the UK Government will have retroactive enforcement powers in respect of transactions that have occurred following the introduc
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United Kingdom: Major overhaul of national security and foreign investment regime lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
Opinion: the UK must tread carefully with its NSI bill
The UK has jumped on the global bandwagon with its newly announced security regime; but the country is in no position to be taking such a hardline approach December 15 2020
The UK recently jumped on the global bandwagon of blocking Chinese expansion through its newly announced security regime; but the country is in no position to be taking such a hardline approach with one of its largest trade partners.
With the creation of the National Security and Investment Bill (NSI) on November 11 2020, the UK moved its foreign investment regime in line with that of other western powers, namely the United States with its Committee on Foreign Investment in the United States (Cfius).
Sovereign funds step-up dealmaking, but few bargains on offer Tom Arnold Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Sovereign wealth funds have stepped up their private market investments after the coronavirus crisis, but with valuations barely budging despite a shaky economic backdrop there are questions about the prospects for future returns.
Private markets, which include private equity, venture capital, real estate and infrastructure, have emerged as a cornerstone of sovereign funds’ portfolios in recent years as they scout for higher returns in an ultra-low interest-rate environment.