Committees

The FCDO’s role in blocking foreign asset stripping in the UK

Inquiry

This inquiry will examine how the FCDO assesses whether a potentially hostile party is seeking to secure significant influence or control over a UK company and in what circumstances the FCDO should intervene.

The Committee will also focus on what safeguards are required in the forthcoming National Security and Investment Bill to ensure that the FCDO has a full role in the decision-making process in relation to interventions.

 

Read the call for evidence for more details about the inquiry

Reports, special reports and government responses

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Sixth Report: Striking the balance: Protecting national security through foreign investment legislation
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
Committees Foreign Affairs Committee
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HC 296
Report
Response to this report
Tenth Special Report: Striking the balance: Protecting national security through foreign investment legislation: Government Response to the Committee’s Sixth Report
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HC 1263
Special Report
Tenth Special Report: Striking the balance: Protecting national security through foreign investment legislation: Government Response to the Committee’s Sixth Report
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
Committees Foreign Affairs Committee
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125KB
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HC 1263
Special Report

Oral evidence transcripts

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23 March 2021
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Paul Scully, Sarah Mackintosh (Deputy Director for National Security and Investment at Department of Business, Energy and Industrial Strategy), James Cleverly, Chris Rampling (Director of National Security at Foreign, Commonwealth and Development Office), and Jacqui Ward (Director for National Security and International at Department for Business, Energy and Industrial Strategy)
Committees Foreign Affairs Committee
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Oral Evidence
23 February 2021
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Paddy McGuinness (Former Deputy National Security Adviser, for Intelligence, Security and Resilience and Senior Advisor at Brunswick)
Committees Foreign Affairs Committee
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Oral Evidence
23 February 2021
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Dr Ashley Lenihan (Fellow at London School of Economics Centre for International Studies), and Michael Formosa (Managing Partner at Renaissance Strategic Advisors)
Committees Foreign Affairs Committee
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Oral Evidence

Written evidence

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BFA0032 - The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Dr Keyan Lai (Lecturer in International Human Resource Management at University of Edinburgh Business School)
Committees Foreign Affairs Committee
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Written Evidence
BFA0031 - The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Professor Vivienne Bath (Professor of Chinese and International Business Law at University of Sydney)
Committees Foreign Affairs Committee
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Written Evidence
BFA0030 - The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Simon Vitting (Senior Teaching Fellow at SOAS, University of London)
Committees Foreign Affairs Committee
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Written Evidence

Other publications

Correspondence
Committees exchange letters with government departments and others, often to request information or follow up on recommendations.
12 published