GIIA responds to UK Green Paper on National Security and Infrastructure
GIIA has provided an official response to the UK Government’s National Security and Infrastructure Investment Review. The consultation response follows a seminar, hosted by associate members KPMG and Ashurst, which was held the day after the launch of the Green Paper in October 2017.
The response sets out the key principles which GIIA believes should guide the Government in developing its proposals further. This includes support for a mandatory review regime for deals that may be deemed of interest to the Government from a national security perspective. In GIIA’s view, the mandatory regime would establish greater certainty for investors.
Commenting on the response, Jon Phillips, Director of Corporate Affairs at GIIA, said:
“At a time when the UK is seeking to redefine its trading relationship with Europe and the rest of the world, it must remain consistent with its objective to remain open for foreign investment. That is why it is so important that open dialogue continues so that the Government can adequately consider the risks arising from proposed changes and any potentially adverse effects to foreign direct investment.”
Click here to see the full submission