The Foreign Affairs Committee of the UK’s House of Commons has published a 38-page report that recommends expanding the scope of the new National Security and Investment Act. Details, contacts, insights, the report, and more are inside.
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UK’s authority publishes guidance on foreign direct investments
As anticipated, the UK Competition and Markets Authority has published guidance on their “powers and procedures.” Insights on their intended practices, including details on information-gathering and penalties, are inside.
UK reform lowers threshold for intervening in certain transactions
As anticipated, the British government has passed a CFIUS-like reform that gives it greater authority to intervene and even block transactions integral to national security. Details and copy of the UK’s official guidance are inside.
UK wants to question technology company to discuss security concerns
Executives at a Chinese-acquired company have been summoned by British Members of Parliament to answer questions over their use of the technology. Details, the company, contact information, and more are inside.
UK regulator probes aerospace merger for national security
The UK’s Competitive Markets Authority recently announced it was investigating the anticipated acquisition of an engineering firm that specializes in working with aerospace companies. Details, the disclosures, and more on the UK’s regulatory framework are inside…
UK investigating Chinese acquisition of defense firm
The Competitive Markets Authority in the United Kingdom, which has powers similar to CFIUS in the U.S., is investigating the anticipated acquisition of a defense company by a Chinese firm. Details, the relevant notices, and regulatory contacts are inside.
United Kingdom
Sections 42 and 58 of the British Enterprise Act of 2002 enables the Secretary of State to intervene with mergers or other activities in the interests of national security.
UK’s CMA gives green light on Inmarsat acquisition
The British Competitive Markets Authority recently gave private-equity consortium Connect Bidco the green light to acquire Inmarsat.
Learnings from recent UK CMA review
Details on the UK’s announcement that it would accept “statutory undertakings” related to a foreign acquisition of a local company.
UK blocks sale of British defense co. to U.S. PE firm
The British government halted the sale of a $2 billion defense company citing national security. Details are inside…