NSI Act definition
Examples of NSI Act in a sentence
No Obligor may make a notifiable acquisition for the purposes of the NSI Act, or enter into any other transaction that could reasonably be expected to be subject to review under the NSI Act, unless the Secretary of State has approved that notifiable acquisition or other transaction (as the case may be) in accordance with the NSI Act by giving notice that no further action will be taken under the NSI Act in relation to it.
No Original Obligor has made, or been the subject of, a "notifiable acquisition" for the purposes of the NSI Act or entered into or been the subject of any other transaction that could reasonably be expected to be subject to review under the NSI Act, save where any required consent of the Secretary of State or any other person has been obtained and all applicable provisions of the NSI Act have otherwise been complied with.
A clear non-binding indication that this is the view of the Investment Security Unit shall constitute such a reasonable indication notwithstanding any caveats as to its non-binding nature and shall therefore constitute a reasonable indication that completing the Offer will not be unlawful or result in the Offer being rendered legally void or in the incurrence of criminal or civil penalties, in any such case under the NS&I Act, for the purposes of Regulatory Condition 3(d)(i).
The Parties agree to abide by the mandatory reporting requirements if it is considered this Agreement is a qualifying acquisition, with the acquirer as defined in the NS&I Act taking responsibility for making the notification.
The Law Council is concerned that subsection 31(8) of the NSI Act unduly restricts the court’s discretion to determine how and when certain information may be disclosed in federal criminal proceedings.