The United Kingdom (U.K.) government passed the National Security and Investment Act of 2021 (the Act) on April 29 through Royal Assent. Although the Act will not take effect until later this year, transactions dating back to November 12, 2020 can now be subject to review. With this new regulatory framework on the horizon, both U.K. and foreign investors should tread carefully.

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Much like the United States’ Committee on Foreign Investment in the U.S. (CFIUS), the Act crafts a robust regulatory framework aimed at foreign investment in the name of U.K. national security and provides that the government will consider the target risk, the triggering event’s risk, and the acquirer’s risk. Yet it differs and surpasses its American equivalent in several ways.

In this Client Alert, Scott Boylan and Annabel Kerley, explain what investors need to watch for and offer helpful best practices to ensure deal success.

Read the Client Alert.

About the Authors

Annabel Kerley

Annabel Kerley, a Partner with StoneTurn, qualified as a Chartered Accountant in 2004. For over 13 years, she has specialized in forensic accounting, building up a considerable track record in […]

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Scott Boylan

Scott Boylan, a Partner with StoneTurn, has more than 30 years of experience in advising public- and private-sector organizations on a broad range of international legal and business issues, including […]

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