In this month’s legal roundup, Sophie Brookes and Debbie Shaw, Gateley, review the cram down decision in Houst, lease costs in Nuffield Wellbeing and changes to investment rules in high risk national infrastructure
National Security and Investment Act: new market guidance
At the start of 2021, the National Security and Investment Act (NSI) introduced a regime under which the government can intervene in a transaction on the basis that it poses a risk to the UK's national security. The NSI regime is already having an impact on transaction processes and timetables but recent guidance from the Department for Business (BEIS) sheds further light on the types of events caught by the regime.
BEIS market guidance notes
The Market Guidance Notes published by BEIS in the summer were designed to answer questions and provide additional advice following the first six months of the NSI regime operating in practice.
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