UK Law and Practice Contributed by: Dylan Doran Kennett, Michael Jacobs, Stephen Newby and Mark Ife, Herbert Smith Freehills LLP
ISU, in which case this period is reduced to 30 working days. Where a transaction is found to give rise to national security risks, the range of potential remedies is broad and can ultimately include prohibition or unwinding of the investment. Oth - er examples of remedies have included: • restrictions on transfers to the investor of sensitive information, technology or intellec - tual property; • requirements for UK governmental approval of future commercial conduct; • requirements to appoint government-nomi - nated board members; and • requirements to keep certain capabilities within the UK.
The NSIA regime applies equally to investors of any nationality, both UK and foreign. That said, an investor’s nationality is likely to be a relevant factor, especially when considering any possible links to actors that may pose a security threat to the UK.
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