U.K. Plans New Law to Undo Foreign Deals on Security Grounds

(Bloomberg) — Boris Johnson’s government is drawing up plans for a radical new law that would give ministers power to unravel foreign investments in U.K. companies — potentially casting major doubt on deals that have already been concluded — to stop hostile states gaining control over key assets.



a close up of a light pole: Pedestrians walk as the Tower Bridge stands beyond in London.


© Photographer: Simon Dawson/Bloomberg
Pedestrians walk as the Tower Bridge stands beyond in London.

The National Security and Investment Bill is in the final stages of drafting and could be published later this month, according to people familiar with the matter who spoke on condition of anonymity because the subject is sensitive.

It aims to cover deals in sectors such as defense and critical infrastructure, and will make provisions to protect sensitive intellectual property.

Among the most potentially controversial parts of the draft law is a proposal to allow the government to intervene retrospectively in circumstances where national security is an

Read More