News & Events

Partners Antonio Bavasso and Mick Tuesley were quoted extensively in a The Deal article titled, “Cfius Fingerprints Visible on U.K. Investment Screen.” The article explored the similarities and differences between CFIUS in the U.S. and the newly announced NSI Act in the U.K., as well as how countries around the world are moving towards a more aligned approach to national security reviews. Antonio explained that, prior to the official launch of the NSI Act, the U.K. could investigate the national security aspects of transactions by intervening on public interest grounds, but was limited because the underlying regulations were not tailored to security threats. “A whole new regime was needed to give the government more leeway to intervene, to assess specifically national security issues along the lines” of CFIIUS, he said. Mick further noted that he anticipates some coordination between the U.S. and U.K., especially on proposed remedies, and that parallel reviews on foreign direct investment are common “just given the desire and the need to get transactions done quickly.”

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