UK Cites Security Reasons for Proposed Deal Notification Regime

A consultation paper on national security and investment published by the UK government advocates extensive changes to current provisions regarding foreign investment in UK businesses. In essence, the proposed changes would allow the government to stop proposed deals where "hostile actors" might use ownership of, or influence over, businesses and assets to harm the United Kingdom. The paper stresses that the proposed changes are for national security reasons only, and that the United Kingdom will continue to encourage investment activity from around the world.

This Jones Day White Paper explains the proposal in appropriate context and provides answers to several Key Questions.