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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

This inquiry is currently accepting evidence

The committee wants to hear your views. We welcome submissions from anyone with answers to the questions in the call for evidence. You can submit evidence until Sunday 28 February 2021.

Read the call for evidence before submitting

Reports and government responses

View all reports and government responses
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
Government Response
Tenth Special Report: Striking the balance: Protecting national security through foreign investment legislation: Government Response to the Committee’s Sixth Report
HC 296
Report

Oral evidence transcripts

View all oral evidence transcripts
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
OralEvidence
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
OralEvidence
1 December 2020
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Russ Shaw (Founder at Global Tech Advocates & Tech London Advocates), and Hazel Moore (Chair and Co-Founder at FirstCapital)
Committees Foreign Affairs Committee
OralEvidence
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
WrittenEvidence
The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Martin Thorley (Postdoctoral Research Fellow at University of Exeter)
Committees Foreign Affairs Committee
WrittenEvidence
The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Invest Europe
Committees Foreign Affairs Committee
WrittenEvidence