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It is not part of a system for screening all acquisitions within the economy. If the Government decides to name a transaction in, it’s going to have 30 working days to determine whether or not to allow it to proceed. It will be capable of extend that interval by a further forty five working days if it fairly considers it necessary to take action. The Government and the acquirer will be capable of agree an extra voluntary extension if the Government is glad that a threat to national safety has arisen and it requires additional time to contemplate whether to make a ultimate order.
- The proven fact that the legislatively approved activity in the immediate case differs from that at concern in Hicks doesn’t alter our analysis.
- In these situations, if the decision is not taken in good religion, the court can effectively unwind it.
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