UK's Proposed Investment Scrutiny Powers Are Far-Reaching
Law360 (September 10, 2018, 3:35 PM EDT) -- The recently issued National Security and Investment White Paper proposes a significant expansion in the U.K. government's powers to scrutinize foreign investment beyond those available in other leading economies.
The white paper introduces powers to intervene in a broad range of transactions in any sector, regardless of deal value, the transaction parties' market shares or revenue. If the proposals are brought into force in their current form, the U.K. regime would be one of the most stringent in the world, with wide-ranging implications for foreign and domestic companies and projects in sensitive sectors, including technology, energy, infrastructure, telecommunications, real estate and...
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