The National Security and Investment Act 2021: a review of the regime’s first year in operation |
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The National Security and Investment Act 2021 (NSIA) came into force a year ago, ushering in a new era of investment control in the UK. Though not without teething issues, the NSIA appears to be working well, and is certainly meeting the UK Government’s objective of subjecting transactions that may give rise to national security concerns to detailed scrutiny. This article outlines some of the themes that have emerged during the regime’s first year in operation and what, if any, lessons can be learned with regard to a complex and inherently opaque regime.
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