UK National Security and Investment Bill: UK Government Strengthens Powers to Intervene in Direct and Indirect Acquisitions of UK Companies, Assets and IP on National Security Grounds

Sullivan & Cromwell LLP - November 12, 2020

The UK government has published a new National Security and Investment Bill (the “Bill”) that would implement a foreign investment regime comparable to CFIUS in the United States for the first time in the UK. The Bill is not yet law (it will not become law until it has been debated (and perhaps amended) and approved by the UK Parliament and received Royal Assent), but it nevertheless has immediate implications.