Our annual "What's Another Year?" bulletin is a snapshot of the key legal and regulatory developments which we can expect over the course of 2024, across a range of sectors and practice areas.
FOREIGN DIRECT INVESTMENT SCREENING
The Screening of Third Country Transactions Act 2023 was signed into law on 31 October 2023. It gives the Minister for Enterprise, Trade and Employment wide-ranging powers to review investments which meet specified criteria and ultimately to block investments that create national security and/or public order risks.
The Act is expected to come into force in Spring 2024. It will have significant implications for in-scope transactions. Parties to transactions will need to assess the applicability of the new regime and, where a filing obligation arises, there may be a lengthy review period which may impact deal timetables.
Read our in-depth briefing here.
This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.
