Law360 (September 16, 2020, 6:02 PM EDT) -- The forthcoming National Security and Investment Bill will establish a tailored and comprehensive framework for the review of foreign investment transactions in the U.K. that raise national security concerns.
Currently, the U.K. may intervene in a transaction on national security grounds where (1) two or more enterprises cease to be distinct, (2) the value of the turnover in the U.K. of the acquired enterprise exceeds £1 million, and (3) the acquired enterprise brought under ownership or control is a relevant enterprise. Any enterprise whose activities cover certain sensitive areas — e.g., hardware and software trusted to perform critical security functions and...
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