UK Blocked 5 Deals Under FDI Law, Annual Report Shows
The U.K. blocked or ordered foreign investments to unwind five times from April 2022 to March 2023, the country said in its 2023 report on its National Security and Investment Act. The report, released this month, said the U.K. received 866 investment notifications, clearing about 93% of them within 30 days and intervening in 15 instances for national security reasons. It didn’t issue any penalties.
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The report also said the U.K. “called in” 65 investment deals for review. Of those, about 37% had ties to military and dual-use items, 39% dealt with the defense sector, and 29% dealt with advanced materials. About 43% of those call-ins involved acquirers associated with China.