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National Security and Investment Act 2021, Part 2 – Notification and Intervention Provisions
May 31, 2023In this month’s edition of REF News and Views we are going to continue our series on the National Security and Investment Act 2021 (the “NSI Act”) and discuss its notification and intervention provisions.
To recap, in last month’s edition of REF News and Views we provided some background on the NSI Act and introduced some of its key features. In particular, the NSI Act establishes a mandatory notification requirement where a change of control occurs in relation to an entity with “specified activities” within any of the 17 designated sectors (which include Artificial Intelligence, Defence and Energy) (the “sensitive sectors”).
