Anti-buyout law would hit UK recovery, say business groups

Posted by on June 8, 2020 1:35 pm
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Categories: Global Stories

Plan for tough rules on foreign takeovers comes as UK clashes with China on Hong Kong

Business groups have warned that introducing a law to prevent foreign takeovers that threaten national security could have a “chilling” effect on investment in the UK. 

The government is said to be considering new rules that would mean directors could be jailed or companies could be fined hundreds of thousands of pounds for failing to report attempted takeovers by foreign firms that could put national security at risk.

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