📋 Tender Overview
Partner Leonidas Theodosiou spoke with Global Competition Review about the United Kingdom’s National Security and Investment Act (NSIA) after the government called for the appointment of an official to oversee the handling of sensitive data as a condition for a subsidiary of a Chinese company to acquire a UK-based smoke alarm maker.
Leonidas said notifications under NSIA must include information on whether any employees hold security vetting clearances, which are usually required for some government contracts involving access to sensitive information. He added that personnel of the UK company likely hold vetting clearances to work on such contracts, which could have prompted the conditions to protect any sensitive information.
