National Security and Investment Act 2021: Q&A
The UK National Security and Investment Act 2021 recently received Royal Assent. Once it starts applying (likely towards the end the year), the Act will radically overhaul foreign investment screening in the UK, by creating a standalone regime with some of the highest levels of scrutiny in the world.
It is not limited to foreign investment, applying to UK investors too. It will provide for a hybrid regime with (i) a mandatory regime for the 17 most sensitive sectors; and (ii) a voluntary regime for other areas of the economy.
Read our Q&A which sets out all you need to know.