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Foreign investment control regimes reach far and hit hard

Foreign investment (FDI) screening regimes continued to present challenges for dealmakers. We saw tough intervention in key jurisdictions. New and expanding rules added to regulatory burden. Overall, most deals are cleared...more

UK National Security and Investment Act: key takeaways from second annual report

The second annual report on the functioning of the UK’s investment screening regime has been published. We highlight the key points....more

Latest UK government guidance clarifies (some) parts of national security screening regime

To address concerns around the transparency and predictability of the National Security and Investment Act 2021 (NSIA) regime, the UK government has published the second edition of its “market guidance notes”. Following the...more

Global trends in government scrutiny of semiconductor transactions: an overview of recent cases

The semiconductor industry is based on a highly specialized supply chain where no one country or region dominates both design and manufacturing. This has created an industry where collaboration is global in nature. This...more

UK national security block of Newport Wafer Fab acquisition

The UK government has announced that it will require Chinese-owned technology company Nexperia BV to sell the 86% shareholding it acquired in July 2021 in the UK’s largest semiconductor plant, Newport Wafer Fab (since...more

The National Security and Investment Act 2021: A Snapshot of experience so far

The UK’s new national security screening tool has been in force for over 9 months and its impact on deal making is being felt. Determining whether notification is required can be complex and while the notification process...more

The National Security and Investment Act 2021: The first market guidance notes

The UK National Security and Investment Act 2021 (NSIA) has been in force for over six months. We know that within the first three months, the UK government received 221 notifications and “called-in” 17 deals for a more...more

How are government national security probes affecting technology transactions across the world?

The tightening of controls on foreign direct investment (FDI), on national security or national interest grounds, is having a significant impact on technology transactions – a trend that is only likely to grow....more

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