On 10 September 2024, the UK Government published its third Annual Report (the “Report”) on the enforcement of the National Security and Investment Act 2021 (the “NSI Act”), covering the period from 1 April 2023 to 31 March 2024.Continue Reading UK National Security Regime: Annual Report 2024 and Observations on Recent Practice
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UK Government Publishes Updated Guidance on the Application of the National Security and Investment Act
By Nicholas Levy, Jackie Holland, Tihir Sarkar, Nick Rumsby, Ian Shawyer, Michael Preston, Gabriele Antonazzo, Nallini Puri, Michael James, Dan Tierney, Paul Gilbert, Henry Mostyn, Paul Stuart, John Messent, Kseniia Simongauz & Matthew Day on
On 21 May 2024, the UK Government published updated guidance on the application of the National Security and Investment Act (NSIA). This includes:Continue Reading UK Government Publishes Updated Guidance on the Application of the National Security and Investment Act
UK Government Prohibits Acquisition of UK Supplier of Military Aircraft Components
By Nicholas Levy, Paul Gilbert & John Messent on
Posted in Cross-border M&A, United Kingdom
On 5 September 2020, the UK Government accepted undertakings from Gardner Aerospace not to proceed with its proposed acquisition of Impcross, a UK-based manufacturer of components for the aerospace industry (including for military aircraft). Gardner is owned by Shenzhen-listed Ligeance Aerospace Technology. This is a rare case of the UK Government effectively prohibiting a transaction…
UK Competition Law After Brexit – Plus Ça Change…
By Paul Gilbert on
Posted in Brexit, United Kingdom
Brexit has happened. The UK is no longer an EU Member State. What does that mean for competition law in the UK?
Has Anything Changed?
In the short term, nothing will change. Until the end of the transition period set out in the UK Withdrawal Agreement, the rights and obligations of EU law continue to apply just as they did before. That transition period is due to end on 31 December 2020, unless both sides agree to an extension. So far, the UK Government has refused to consider a possible extension and has even sought to legislate against one.
Continue Reading UK Competition Law After Brexit – Plus Ça Change…