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The National Security and Investment Act 2021: A Snapshot of experience so far

The UK’s new national security screening tool has been in force for over 9 months and its impact on deal making is being felt. 
Determining whether notification is required can be complex and while the notification process itself has so far been smooth, the impact on deal timelines and negotiation of risk allocation for process overrun or adverse outcomes is a hot topic. This update sets out key highlights.