In a move akin to calling the fire brigade after your house has burned down, the UK government today announced the passage of a bill that would afford it powers to intervene in potentially hostile direct investment.
The National Security and Investment Bill, which was introduced last November and has since received royal assent, gives the government powers to scrutinise, alter, and block transactions where there is a risk to national security. These powers extend to both equity and intellectual property.
Additionally, private entities and investors will have to warn the government about any prospective transactions regarding sensitive sectors such as artificial intelligence, quantum technologies, and space. Mandatory disclosure is required should a person's stake in a company working in a controlled area exceed 25 per cent.
The bill also provides a framework for voluntary disclosures if an investor believes a transaction may have ..
Support the originator by clicking the read the rest link below.
