McDermott Comment | U.K. Proposes New Powers to Curb Foreign Takeovers of Strategic Companies


Hamid Yunis, partner at law firm McDermott Will & Emery, said:

“Whilst the protections and process are generally required given the geopolitical situation and complexities in the world, there needs to be a balance between a bureaucratic approach which hinders the natural flow of business activity and attracting foreign investment, but does not hamper the speed of potential transactions. It’s imperative to maintain the UK’s position as being open for business to the world and free from undue political interference. Overall, this could potentially have a consequential and negative effect on the City, our markets and courts system.”