WebOn 4 January 2024 the UK National Security and Investment (NSI) Act enters into force, introducing a new foreign direct investment (FDI) regime with standalone powers for the review of FDI in the UK. Web23 jan. 2024 · One of the newest pieces of legislation that concerns businesses in the UK is the National Security and Investment (NSI) Act. It was enacted in January 2024. It allows the UK government to examine and intervene in acquisitions, investments, and mergers if they deem them threatening to the UK’s national security.
National Security and Investment Act 2024: consultation on the ...
Web26 jul. 2024 · The NSI Act introduces a hybrid mandatory and voluntary notification regime. Mandatory notification, and an associated stand-still obligation, applies to notifiable acquisitions (i.e. acquisitions of qualifying entities – see section 4 below) in 17 key sectors of the economy. Web13 okt. 2024 · The government considers that internal reorganisations can be qualifying acquisitions where they result in an acquisition of control over a qualifying entity, even if the ultimate beneficial owner of the entity remains the same. Additionally, the acquisition may be subject to mandatory notification if it meets the relevant tests in the NSI Act. staycation places near manila
NSI 2024 vs AI: Mandatory or not mandatory? That is the question.
Web27 jul. 2024 · 1. where multiple qualifying entities or assets are being acquired by a single acquirer from a single seller; and. 2. when the internal restructuring of an entity or corporate group containing multiple qualifying entities or assets does not involve any new shareholders from outside the corporate group acquiring control of share or voting rights. WebIf through these agreements a person gains control over a university or research organisation’s qualifying assets, which can include both tangible moveable and intellectual property, for example where such assets are licensed out (exclusively or non-exclusively) by a university, then this is a qualifying acquisition under the NSI Act. Web15 dec. 2024 · The following “trigger events” under the NSI will bring a transaction within the scope of the act: The acquisition of votes or shares in a qualifying entity exceeding thresholds of 25%, 50% or 75%; The acquisition of voting rights that enable or prevent the passage of any class of resolution governing the affairs of the qualifying entity; staycation offers singapore