Jurisdiction(s):
United Kingdom

Key definition

Control definition

What does Control mean? In legal practice, control describes who ultimately directs a company or undertaking—typically through majority ownership, voting rights or contractual rights to determine management and policy. In the UK, many contracts define Control by reference to section 1124 of the Corporation Tax Act 2010, which looks to the ability to secure that a company’s affairs are conducted in accordance with a person’s wishes, whether through share capital, voting power or other rights (including those of associates). Where a bespoke definition is used, it commonly means the beneficial ownership of more than 50% of the issued share capital...

Norwegian National Security Act FDI Screening: Scope, Call‑in Powers, Thresholds and 2023 Reforms (10% trigger, standstill, dual notifications, sanctions)

Published by a LexisNexis Competition expert

Practice notes

1. What is the applicable legislation?

Oversight of foreign Investment on national security grounds is laid down in the National Security Act of 1 June 2018 No. 24 (the Act), notably Chapter 10, together with the Regulation of 20 December 2018 concerning the protective security work of undertakings (Regulation 2010). There are also indirect means of Control, particularly a duty on a company that is party to contracts requiring facility security clearance to notify the appropriate authority of any changes to its board make-up or ownership. In addition, the King in Council, i.e. the government in plenary session, may decide to stop activities that pose a threat to national security, or other planned or ongoing activities that may present a ‘not insignificant risk’ to national security interests.

2. Which government or other body (or bodies) reviews foreign Investments?

Filings are received and considered by the ministry responsible for the relevant sector. Where no specific ministry has competence for the matter, the filing should be submitted to the Norwegian National Security Authority. Any decision to prohibit a transaction, or...

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Web page updated on 28/05/2026

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