Britain to enact law to safeguard assets of national security

The British government is set to table a bill which will enable it to intervene in mergers and acquisitions that threaten national security; intervention measures will include blocking the purchase of assets, including those related to intellectual property, as well as whole businesses.

The bill will increase regulator scrutiny over corporate deals and includes legislative agenda set out by Prime Minister Boris Johnson’s government and comes after a week after he swept the historic national election.

In October, the British government had said it would strengthen its powers to block or intervene in the purchase of any company by foreign companies when it affects national security.

The move is a part of a government effort to increase scrutiny and prevent hostile powers from interfering in national security.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

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