{"id":116608,"date":"2020-11-20T21:20:00","date_gmt":"2020-11-20T18:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/opinion-u-k-is-moving-to-prevent-back-door-foreign-takeovers-bye-bye-thatcherism\/"},"modified":"2020-11-20T21:20:00","modified_gmt":"2020-11-20T18:20:00","slug":"opinion-u-k-is-moving-to-prevent-back-door-foreign-takeovers-bye-bye-thatcherism","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/opinion-u-k-is-moving-to-prevent-back-door-foreign-takeovers-bye-bye-thatcherism\/","title":{"rendered":"#\n  Opinion: U.K. is moving to prevent \u2018back door\u2019 foreign takeovers. Bye bye, Thatcherism"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41b734dcf80\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41b734dcf80\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-u-k-is-moving-to-prevent-back-door-foreign-takeovers-bye-bye-thatcherism\/#The_governments_new_national_security_and_investment_bill_says_investors_will_have_to_notify_it_about_transactions_%E2%80%98in_designated_sensitive_sectors_such_as_the_defense_energy_and_transport_sectors\" >The government\u2019s new national security and investment bill says investors will have to notify it about transactions \u2018in designated sensitive sectors, such as (the) defense, energy and transport sectors\u2019<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-u-k-is-moving-to-prevent-back-door-foreign-takeovers-bye-bye-thatcherism\/#Defense_companies_such_as_Rolls-Royce_could_be_shielded_from_hostile_takeovers\" >Defense companies such as Rolls-Royce could be shielded from hostile takeovers.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-u-k-is-moving-to-prevent-back-door-foreign-takeovers-bye-bye-thatcherism\/#Pierre_Briancon\" >Pierre Brian\u00e7on<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Opinion: U.K. is moving to prevent \u2018back door\u2019 foreign takeovers. Bye bye, Thatcherism<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"The_governments_new_national_security_and_investment_bill_says_investors_will_have_to_notify_it_about_transactions_%E2%80%98in_designated_sensitive_sectors_such_as_the_defense_energy_and_transport_sectors\"><\/span>\n  The government\u2019s new national security and investment bill says investors will have to notify it about transactions \u2018in designated sensitive sectors, such as (the) defense, energy and transport sectors\u2019<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000065026\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.640625%;\" data-mobile-ratio=\"66.640625%\" data-layout-ratio=\"66.640625%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-258346?width=140&amp;size=1.5005861664712778 140w,\nhttps:\/\/images.mktw.net\/im-258346?width=540&amp;size=1.5005861664712778 540w,\nhttps:\/\/images.mktw.net\/im-258346?width=620&amp;size=1.5005861664712778 620w,\nhttps:\/\/images.mktw.net\/im-258346?width=700&amp;size=1.5005861664712778 700w,\nhttps:\/\/images.mktw.net\/im-258346?width=860&amp;size=1.5005861664712778 860w,\nhttps:\/\/images.mktw.net\/im-258346?width=1260&amp;size=1.5005861664712778 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-258346?width=620&amp;size=1.5005861664712778\" data-enlarge=\"https:\/\/images.mktw.net\/im-258346?width=1260&amp;size=1.5005861664712778\" alt=\"\" title=\"Defense companies such as Rolls-Royce could be shielded from hostile takeovers.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Defense_companies_such_as_Rolls-Royce_could_be_shielded_from_hostile_takeovers\"><\/span>Defense companies such as Rolls-Royce could be shielded from hostile takeovers.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       The U.K. government is seeking new powers to \u201cinvestigate and intervene in potentially hostile foreign direct investment\u201d and block takeovers it would deem contrary to the country\u2019s national interests, according to a new <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.gov.uk\/government\/news\/new-powers-to-protect-uk-from-malicious-investment-and-strengthen-economic-resilience\" class=\"icon none\">national security and investment bill<\/a> published on Nov. 11.<\/p>\n<ul class=\"articleList\">\n<li>\n      Under the bill, investors will have to notify the government about transactions \u201cin designated sensitive sectors, such as (the) defense, energy and transport sectors.\u201d<\/p>\n<\/li>\n<li>\n      That would allow the government to \u201cinvestigate and take action to address any national security risks\u201d as well as screen and \u201cinterrogate the acquisition of sensitive assets and intellectual property, as well as the acquisition of companies.\u201d<\/p>\n<\/li>\n<li>\n      \u201cHostile actors should be in no doubt \u2014 there is no back door into the U.K.,\u201d said business secretary Alok Sharma.<\/p>\n<\/li>\n<li>\n      The U.K. government\u2019s release says that \u201cthe vast majority of transactions will require no intervention and will be able to proceed quickly and with certainty,\u201d and Sharma insisted that the country \u201cremains one of the most attractive investment destinations in the world\u201d and wants to \u201ckeep it that way.\u201d<\/p>\n<\/li>\n<li>\n      Sanctions for noncompliance with the new regime would include fines of up to 5% of annual company revenue or imprisonment of up to five years for guilty executives.<\/p>\n<\/li>\n<li>\n      The government has identified 17 sectors where notification will be mandatory, notably defense, communication, and sensitive industries such as nuclear, artificial intelligence, data infrastructure, or quantum technologies.<\/p>\n<\/li>\n<\/ul>\n<p><strong>July 2020:<\/strong> Huawei products could be banned from 5G networks in the U.K. as government considers policy U-turn <\/p>\n<div class=\"paywall\">\n       <strong>The outlook:<\/strong> The bill doesn\u2019t go much beyond what others, like other European countries or even the U.S., have in their legal arsenal to counter unwanted investments. After prompting from French President Emmanuel Macron and German Chancellor Angela Merkel, the European Union itself is currently looking for ways to strengthen its defenses against takeovers raising geopolitical problems, such as those initiated by Chinese state-linked companies.<\/p>\n<p>But the bill also illustrates how far the current Conservative Party government has strayed from Thatcherism, the ideology that inspired more than 40 years of economic policy, based on a strict laissez-faire (meaning, minimum government interference) <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to business matters. And it comes just as London is fighting the EU to be able to provide state aid to the country\u2019s private sector once it leaves the single market at the end of the year.<\/p>\n<p><strong>Opinion:<\/strong>\u00a0Boris Johnson has lost his U.S. Brexit supporter. Biden\u2019s election backs him into a corner <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Pierre Brian\u00e7on\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Pierre_Briancon\"><\/span>Pierre Brian\u00e7on<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-DFE0218CA8FF%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Opinion: U.K. is moving to prevent \u2018back door\u2019 foreign takeovers. Bye bye, Thatcherism &#8221; The government\u2019s new national security and investment bill says investors will have to notify it about transactions \u2018in designated sensitive sectors, such as (the) defense, energy and transport sectors\u2019 Defense companies such as Rolls-Royce could be shielded from hostile takeovers&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":116609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-116608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/116608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=116608"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/116608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/116609"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=116608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=116608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=116608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}