UK National Security and Investment Act 2021: What It means for Life Sciences Transactions
The UK National Security and Investment Act 2021 (NSIA) entered into force and became operational on 4 January 2022. As mentioned previously, the NSIA represents a radical overhaul to the foreign investment screening in the UK: not only does it introduce for the first time a requirement (or, depending on the case, the possibility) to proactively notify deals with potential national security implications, but it also creates a standalone regime—which is mandatory and suspensory in certain cases—for transactions that may give rise to national security concerns.
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