Overseas itemizing guidelines would encourage litigation | Law
TFinance officials this month opened a consultation on the government’s power to block listings for national security reasons, a natural companion to the recently passed National Security and Investment Act, which allows acquisitions to be blocked for similar reasons.
Critics have called this new legislation draconian interference in foreign investment in the UK. Others have cited it as a sensible step in protecting national security, citing the success of the U.S. Foreign Investment Committee in preventing acquisitions deemed detrimental to national security without penalizing foreign direct investment.
In the UK, however, due to this new level of government control, we are likely to see an increase in trade contract disputes that is not a direct result of legislation