12 October 2018
Time: 6:00 - 9:00pm
The UK merger control regime allows for intervention in mergers by the Secretary of State on national security and media plurality grounds. There is also a safeguard procedure, under which ministers can give notice of an additional public interest ground, if it happens to arise in a particular case, and seek the approval of the parliament to use it.
In a recent significant legislative development, the UK government has proposed to address these gaps in the applicability of the regime. TheDepartment for Business, Energy & Industrial Strategy issued a white paper which is the next stage in the government’s reform of its powers in relation to protecting national security from hostile actors’ acquisition of control over entities or assets.
It follows the National Security and Infrastructure Investment Review green paper, published in October 2017, and takes account of the responses to that consultation. The white paper sets out the government’s proposed reforms for creating clear and focused powers within a predictable and transparent process.
Tim Jarvis, Director, Consumer and Competition Policy, Department of Business, Energy and Industrial Strategy,
Rt Hon Lord Arbuthnot of Edrom, SC Strategy
Sir Christopher Bellamy, Chairman of the Global Competition Practice, Linklaters
and industry experts.
The panel will discuss a range of issues including
- Does the UK government need such new powers
- What types of transactions can affect national security
- What can be the impact of the legislative reforms on merger enforcement
- Can the reforms affect foreign investment into the UK
The event will be followed by a drinks reception.
For directions to the venue, please refer to the map.
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