Stephen J. Whitfield

Dec 2, 2024 | mondaq.com | Ingrid Hodgskiss |Richard Brown |Nigel Seay |Stephen J. Whitfield

The first ever judgment on the UK Government's application of the National Security and Investment Act 2021 ('NSIA') has been handed down. With a focus on the procedural aspects of the review, the High Court upheld the Government's decision to require LetterOne (ultimately owned by Russian nationals, including individuals subject to UK sanctions)to divest the entirety of its shareholding in Upp, a fibre broadband start-up.

Sep 25, 2024 | mondaq.com | Stephen J. Whitfield |Nigel Seay |Ingrid Hodgskiss |Rosamund Browne

TS Travers Smith LLP More It’s not just law at Travers Smith. Our clients’ business is our business. Independent and bound only by our clients’ ambitions, we are wherever they need us to be. We focus on key areas of work where we are genuinely market leading. If it’s hard – ask Travers Smith.

Sep 23, 2024 | lexology.com | Stephen J. Whitfield |Nigel Seay |Ingrid Hodgskiss |Rosamund Browne

Comprising 728 mandatory notifications, 116 voluntary notifications and 32 retrospective validation applications National Security & Investment Act 3rd Annual Report (2023/4) traverssmith.com Travers Smith 2024 Notifications and outcomes 2022/3 865 notifications received 2023/4 906 notifications received NOTIFICATIONS RECEIVED Voluntary 13% Retrospective 4% Mandatory 83% 876 notification were accepted (an increase from 806) 24 notifications were rejected (a decrease from 42 in the previous...

Aug 22, 2024 | mondaq.com | Richard Brown |Joseph Moore |Stephen J. Whitfield |Chloe Budd

The UK Subsidy Control Act 2022 (the "Act") came into force on 4 January 2023 in order to replace the European Union ("EU") state aid regime and satisfy the UK's obligations under the UK-EU Trade and Cooperation Agreement. The Act sets out a framework for public bodies to comply with when awarding subsidies to businesses and provides a means for private challenge of the granting of any such awards.

Aug 20, 2024 | lexology.com | Richard Brown |Joseph Moore |Stephen J. Whitfield |Chloe Budd

The UK Subsidy Control Act 2022 (the "Act") came into force on 4 January 2023 in order to replace the European Union ("EU") state aid regime and satisfy the UK's obligations under the UK-EU Trade and Cooperation Agreement. The Act sets out a framework for public bodies to comply with when awarding subsidies to businesses and provides a means for private challenge of the granting of any such awards. What Obligations Do Public Bodies have Under the Act? How Do Challenges Work Under the Act?