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ARTICLE · 04 AUGUST 2022

National Security And Investment Act 2021: Recent Developments

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In just over six months since the implementation of the UK National Security and Investment Act 2021 ("NSIA") on 4 January 2022, the market has seen key developments...

United KingdomGovernment, Public Sector
Susanna Stanfield
Susanna Stanfield
Jing Wei Luo
Jing Wei Luo
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In just over six months since the implementation of the UK National Security and Investment Act 2021 ("NSIA") on 4 January 2022, the market has seen key developments including the first prohibition issued under the NSIA and the government's first annual report on the first three months of the new regime.

This article sets out recent key developments and why they might be important to those working with high growth technology / IP-rich companies.

First prohibition under the new regime

On 20 July 2022, the Secretary of State (the "Secretary") for Business, Energy and Industrial Strategy ("BEIS") issued the first prohibition under the new regime, preventing a Chinese company from acquiring certain IP on national security grounds.

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