Tuesday , 21 May 2024
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UK ministers’ powers to prevent foreign companies from buying British companies expanded

The new rules give ministers broader authority to terminate purchase deals that have the potential to harm national security. The National Security and Investment Act increases the powers of the British government. With this law, the government gains more power to use the national security rationale to block the sale of a company.

With this law, ministers will be able to review purchase agreements in sectors including advanced robotics, artificial intelligence, civil nuclear sector, transportation and quantum technology, as well as defense and military technology.

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