08:30 – 09:15
In this session, Michael Houston and Matt Grainger of Teneo will be discussing the new National Security & Investment Act (NS&I) which came into force in 2022. NS&I provides the Government with enhanced scrutiny and intervention powers on matters relating to foreign direct investment in the UK. This can have a big impact on turnaround scenarios where change of control is being considered. Matt will be discussing the legislation more broadly, having spent time within Government as the Principal Private Secretary to (then) Trade Secretary Liz Truss, during which time he helped in the development of NS&I. Michael will then present a case study where NS&I approval was critical to the turnaround of the business.