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The National Security and Investment Act 2021: The UK Government Updates the Consequences of the Appointment of Liquidators and Receivers

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On 19 July 2022, the UK government’s Department for Business, Energy & Industrial Strategy released Market Guidance Notes on the NSI Act (which took effect on 4 January 2022). The NSI Act creates powers for the UK government to intervene in, and scrutinize, business transactions in order to protect national security.

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On 19 July 2022, the UK government’s Department for Business, Energy & Industrial Strategy released Market Guidance Notes on the NSI Act (which took effect on 4 January 2022). The NSI Act creates powers for the UK government to intervene in, and scrutinize, business transactions in order to protect national security.Read the <a href="https://restructuring.mofo.com/topics/the-national-security-and-investment-act-2021-the-uk-government-updates-the-consequences-of-the-appointment-of-liquidators-and-receivers" target="_blank">full blog post</a>.

The National Security and Investment Act 2021: The UK Government Updates the Consequences of the Appointment of Liquidators and Receivers

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<div class="videoWrapper" style="margin-bottom: 15px;"><iframe class="sticky-video" title="Meet Howard Morris, Restructuring Senior Of Counsel" src="https://www.youtube-nocookie.com/embed/LoCUxi5dJ8c?rel=0" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen="1" title="iframe"></iframe></div>Howard heads the Business Restructuring & Insolvency Group in the London office. He has more than 25 years’ experience in UK and international restructuring and insolvency work and has acted for banks, other secured and unsecured creditors, ad hoc committees, trade creditors, debtors, and acquirers of business and assets from insolvent companies.Howard’s experience covers every type of UK restructuring and insolvency procedure and he is one of the few English lawyers with hands on experience with the U.S. Chapter 11 process. He’s worked around the world and was elected chief executive of Dentons for two terms. Howard has a number of roles in professional organizations, for example he co–chairs the Projects Committee of the International Insolvency Institute, is active in the Institute’s pro bono work, most particularly African–related projects, has articles regularly published, and has been closely involved in development of MoFo’s guidance for clients on Brexit.Howard is an accredited Centre for Effective Dispute Resolution mediator, and he is particularly interested in mediating disputes arising out of restructurings and insolvency proceedings.