The National Security and Investment Act (NSIA) came into force in the UK on 4 January 2022. It creates a mandatory obligation to secure clearance for certain types of transactions in specific sectors before completion, assessing the potential national security risks related to investment in or acquisition of businesses with activities in the UK, say Marc Israel, partner at White & Case and Kate Kelliher, associate. The mandatory notification requirement applies to certain transactions in 17 "sensitive sectors", which include communications, data infrastructure, defence, and energy. With...
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