In the article, “Will the UK investment bill impede investors?,” Investment Monitor reports on new legislation in the United Kingdom that attempts to balance restrictions on foreign investment and welcome global investors in a post-Brexit U.K.
Investment Monitor highlights the U.K. Secretary of State for Business, Energy and Industrial Strategy Alok Sharma’s statement that emphasizes the U.K.’s approach to balance prosperity and security around foreign investment post-Brexit. His statement came several days after the release of the U.K.’s National Security and Investment Bill, a wide-ranging reform that increases the government’s power to scrutinize and halt foreign and domestic investment.
The publication turned to London corporate associate Jonathon Gunn for his insight on the new bill.
“There is no doubt the bill marks a significant change to the UK’s historically more liberal approach to investment,” said Gunn. Investment Monitor reports that the bill will introduce a distinct regime and standalone powers for the review of foreign direct investment, similar to the regime run by the Committee on Foreign Investment in the United States, one of the world’s strictest investment authorities.