On 16 April 2021, UKP announced Lords completed report stage on 15 April 2021. Members discussed changes on topics including the risk to national security posed by climate change and guidance for the higher education and research sector. Voted for minor change to Secretary of State providing further information on regime decisions, in annual report…
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U.K. – Parliament National Security, Investment Bill
On 11 March 2021, UKP said members continued committee stage on 9 March 2021. Discussed acquisition of land near sensitive sites, minority investor veto rights and assets wholly controlled within UK higher education and research institutes. UKP issued 3rd marshalled list for committee, committee stage continues on 16 March 2021.
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U.K. GVT National Security and Investment Bill Regime
On 2 March 2021, UK GVT narrowed definitions of new regime sector scope. UK GVT published further details about the sectors within scope of the mandatory notification regime under the proposed national security and investment bill. Follows UKP November 2020 issued bill on national security and investments. And follows UK GVT November 2020 consultation on…
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U.K. – Gov’t National Security, Investment Bill
On 17 November 2020, UKP published Commons second reading of bill, and noted no debate in Commons program motion, nor for Commons money resolution. The bill is now being considered by a public bill committee which will scrutinize the bill line by line and is expected to report to the House by 15 December 2020.…
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Sri Lanka – CB Sensitive Sector Bank Ownership
On 8 September 2020, SRI CB issued amendment on ownership of issued capital. SRI CB issued amendments to banking act directions No.1 of 2007 on ownership of issued capital carrying voting rights for licensed commercial banks. Ownership of Shares Board may give permission to categories of shareholders to acquire A material interest up to 15%…
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Australia – GVT Foreign Investment Reforms in Sensitive Sectors
On 5 June 2020, AST GVT issued foreign investment reforms. Paper outlines a reform package to Australia’s foreign investment review framework. AST GVT will shortly release exposure draft legislation for consultation on the reforms prior to its introduction into Parliament, and provide further guidance for investors. These reforms include measures to strengthen the existing framework…
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