PLC, one of the U.K.’s last independent defense companies. Scrutiny is expected to grow in January when companies in 17 sectors—spanning artificial intelligence to energy—will be required to notify the government about foreign takeovers or investments, under the new National Security and Investment Act.“What we are seeing is increased sensitivity in the area of national security, no doubt about it,” said Douglas Lahnborg, a London-based antitrust lawyer at Orrick Herrington & Sutcliffe LLP.
The U.K. government has said its efforts to place foreign takeovers under greater scrutiny are motivated by a desire to protect companies that are developing technology key to guarding national security, as well as those combating public-health threats such as Covid-19.since the onset of the pandemic.
Last year, U.S. acquirers bought $137 billion worth of British companies, according to Dealogic, the highest level since the firm began collecting the data in 1995. So far this year, U.S. companies have spent nearly $100 billion, the second-highest level during that period. Mr. Hauser, who no longer has a role at the company, believes the government should block the sale of Arm to Nvidia.
Well yes, when you fly into AU you suddenly are no longer a citizen and get sent to camps.