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High Court rules on challenge to final order under National Security and Investment Act 2021
December 2024The High Court’s judgment in LetterOne v Secretary of State for Business, Energy and Industrial Strategy ([2024] EWHC 2963 (Admin)) is the first to challenge a final order under the National Security and Investment Act 2021 (NSIA). This decision provides useful guidance on the NSIA’s application to safeguard UK national security following acquisitions associated with… Read More >
Protecting the nation’s family silver – National Security and Investment Act: Annual Report 2023
August 2023Introduction The National Security and Investment Act 2021 (NSIA) came into force on January 4, 2022, empowering the UK Government with broad authority to scrutinize acquisitions and investments that may have implications for national security. On a day-to-day level, it is operated and enforced by the Investment Security Unit (ISU), a division of the Department… Read More >
National Security and Investment Act 2021: Protecting the family silver or stifling investment in UK plc?
January 2022On 4 January 2022, the National Security and Investment Act 2021 (“NSI”) entered into force. The NSI provides the UK Government with powers to scrutinise acquisitions and investments where the target operates in areas which could give rise to national security considerations. The new legislation is nothing short of a sea change for the regulation… Read More >