Last week we provided an update
on the urgent overseas investment law reforms that had passed through
Parliament. Late yesterday (2 June 2020) the Overseas Investment (Urgent
Measures) Amendment Act received Royal Assent.
Accordingly, most of the changes brought about by the
amendments, including the temporary notification regime, will come into force
on 16 June 2020. As set out in our
update last week, the temporary notification regime will not apply to transactions entered into before this date. However,
notifications can be made to the Overseas Investment Office ahead of that date
(although details are not yet available as to the content or form of that
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This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.