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Protecting your interests - The UK’s National Security Bill: New legislation against foreign lobbying and interference

  • United Kingdom
  • Financial services disputes and investigations
  • Fraud and financial crime
  • Litigation and dispute management

26-07-2022

Background

In November 2017, Parliament’s Intelligence and Security Committee (the “ISC”) began an inquiry into allegations of Russian interference in British politics and subsequently completed its report in March 2019 (the “ISC Report”). Separately but on a closely related issue, the House of Commons Foreign Affairs Committee published its report entitled Moscow’s Gold: Russian Corruption in the UK in May 2018.

Eventually, after a lengthy and controversial delay, the Government published the heavily redacted ISC Report on 21 July 2020, along with the Government’s response to its recommendations1. Almost two years later, the Government introduced its draft National Security Bill in May 2022. The Bill is currently at the committee stage in the House of Commons.

Geopolitical tension will remain a feature of the business landscape for the foreseeable future. The Bill is of relevance to all international businesses with a UK nexus. It is particularly important for any firms in the professional services sector who could be described as engaged in a lobbying role.

Download the full article on: The UK’s National Security Bill: New legislation against foreign lobbying and interference here.