On 11 November 2020 the UK Government published its groundbreaking National Security and Investment Bill (Bill). The Bill will drastically expand the Government’s powers to scrutinise investment on national security grounds, through a requirement for mandatory notification of transactions in 17 identified sensitive sectors backed by a ‘call-in’ power applying to an extremely wide range of transactions across all sectors of the economy, with no turnover or market share thresholds (the target need only carry on activities or supply customers in the UK).
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