By Maya Lester KC & Michael O’Kane

UK Government orders sale of LetterOne company Upp under UK’s National Security and Investment Act

The UK Government has ordered LetterOne or L1 to sell the regional broadband provider Upp Corporation pursuant to the UK National Security and Investment Act 2021 (here); LetterOne’s owners include Mikhail Fridman and Peter Aven who are UK sanctioned, but LetterOne itself is not.  Grant Shapps, the Business Secretary, said “the risk to national security relates to “the ownership of …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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