About Public Health
Public health has been defined as "the science and art of preventing disease”, prolonging life and promoting human health through organized efforts and informed choices of society, organizations, public and private, communities and individuals".
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Coronavirus: New rules for the protection of British companies in the midst of virus
The government is introducing new measures on Monday of the company and is thus crucial for Public Health against foreign takeovers.
Changes in the legislation would be to protect the Minister with additional powers, necessary, in order to contribute to future pandemics that could fight now.
The new powers, the coverage of businesses such as pharmaceutical companies.
Business Secretary Alok Sharma , said: "the UK is open for investment, but not for exploitation. "
The government already has The Power to assess acquisitions for several reasons, including National Security or financial stability. It is a takeover can block, or is seeking assurances from a buyer about their plans for a company.
But it changes to the 2002 Enterprise Act, means that the government can intervene when a company in a pandemic response is a personal protective equipment (PPE), the manufacturer, for Example - The Target of a takeover by a foreign company.
you also expand the ability of the government to consider acquisitions involving companies in the Artificial Intelligence , or encryption technology.
'Critical'The economic disruption caused by the Covid-19-pandemic "can mean that a number of companies with critical skills are more vulnerable to takeovers", the Ministry of enterprise, energy and Industrial strategy, said in a statement.
"These forces to send an important signal to those who take the claim to fight, as a result of the pandemic, to act that the British government is prepared, where necessary for the protection of our National Security ," said Mr Sharma said.
It Follows the April announcement by the European Union (EU) plans to block foreign takeovers of European companies are struggling with The Virus in the downturn. It wants to invest so that the governments in "weak" companies, which could be any form of property.
While she called, "measures of Last Resort ", the European Commission said it was the consultation with member States.
In March, the European Commission guidelines are in place to ensure a strong EU-wide approach to foreign investment screening, "in a time of Public Health crisis and the related economic vulnerability".
the United Kingdom formally leave the EU on 31 January, but is currently in a transitional phase until The End of the year. During this time, the UK all the EU rules and its trading relationship will remain the Same .
coronavirus pandemic, alok sharma, companies, mergers and acquisitions
Source of news: bbc.com
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