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Morgan Lewis – Managing the UK and US Foreign Direct Investment Processes: What to Expect

Wednesday, March 16, 2022

10:00 AM – 11:15 AM EST

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Please join partners from the Morgan Lewis CFIUS and FDI Working Group for a webinar on foreign direct investment (FDI) in the United Kingdom and the United States. Our discussion will focus on the UK National Security and Investment Act that came into force on 4 January 2022, comparing the changing landscape for investments raising national security concerns in the UK and the US rules under CFIUS.

Topics Will Include:
• An overview of the UK National Security and Investment Act: a new mandatory filing regime, the UK government’s power to “call-in,” impose remedies or require the demerger of completed transactions, and the retrospective application of the Act to transactions that completed before it came into force
• Similarities to the US CFIUS regime
• Due diligence – what’s changed and what remains the same
• Managing an analysis of critical technologies – how does export control classification really work in the FDI process
• Mandatory versus voluntary submission analysis
• Factors to consider when deciding whether to file a voluntary notice or declaration
• Regulatory impact on cross-border private equity and venture capital investments
• Trends since FIRRMA
• Expectations after a year under the Biden Administration


Oliver St. Clair Franklin OBE

Oliver St. Clair Franklin OBE
Honorary British Consul for Greater Philadelphia

Appointed by UK Government in 1998 to represent British interest in the Philadelphia region, Oliver is the 3rd British Honorary Consul in Philadelphia. The UK is the largest foreign direct investor in the State of Pennsylvania with over 15,000 British nationals and dual citizens living in the region. In this role he liaises with the Consul General in New York and the British Embassy on providing advice to businesses, solving consular issues in the region and engaging in public diplomacy. His relationship with the UK started as a college student in 1966 after graduating from Lincoln University.  In 2002 Her Majesty the Queen bestowed the OBE Honour in recognition of his services to British business.

In his public diplomacy role, Oliver has hosted senior members of the British Royal Family including the Prince of Wales and Duchess of Cornwall, the Dukes of York and Gloucester and Earl of Wessex as well as government ministers and members of Parliament.

He created a program for Philadelphia public high school students to visit London and founded another program to provide opportunities for mid-career American minorities to work in UK Investment banks. He has spoken to many UK business groups on US fiscal and financial policies.

In his professional life, Oliver is a Senior Advisor to wealth management firms and has held senior level positions at Fidelity Investments, Dreyfus Trust, was founder of the first US firm to invest in the Johannesburg Stock Exchange, and Vice Chairman of Electronic Ink, a fintech company. He was Chairman of Academy Funds Trust and a corporate director of Right Management. He supports many nonprofits including The Civil War Museum of Philadelphia and The Oxford & Cambridge Society of Philadelphia.

Oliver received ‘The Distinguished Friend of Oxford’ Award in September and last month was elected an Honorary Fellow of Balliol College, Oxford where he studied as a Woodrow Wilson Fellow. Honorary Fellows are expected to enter the intellectual life of the college and university. Oliver has put forth several projects including presenting a college lecture on American fiction this spring.


Ekrem M. Sarper

Ekrem M. Sarper
Head of International Public Policy, Cigna Corporation

Ekrem Sarper joined the Cigna Corporation, a global health services company as Head of International Public Policy in 2021. In this role, he partners with Cigna’s international markets business leaders to drive business growth. He is responsible for building the enterprise’s engagement on international matters with the Executive Branch, Embassies, International and Non-governmental Organizations, senior regulators, foreign governments and industry associations.

Prior to joining Cigna, Mr. Sarper was the Lead Manager, Bilateral Affairs with the National Association of Insurance Commissioners (NAIC) and Vice Chair of the International Association of Insurance Supervisors (IAIS) Implementation and Assessment Committee (IAC). He was responsible for overseeing and coordinating NAIC’s bilateral relationships with foreign regulators and governments on behalf of the State Insurance Commissioners. As Vice Chair of the IAIS IAC, he oversaw the assessment activity and implementation monitoring of the Insurance Core Principles (ICPs) and the Holistic Framework for the assessment and mitigation of systemic risk in the insurance sector. Prior to the NAIC, Mr. Sarper served as Director, International Trade for the Coalition of Service Industries (CSI), and as a Senior Research Associate at the Stern Group.

Mr. Sarper has a Bachelor of Arts (Hons.) in Economics and French from Kingston University, London, and his master’s degree in International Commerce and Policy from George Mason University, Fairfax, VA.


Emma Wade-Smith OBE

Emma Wade-Smith OBE
HM Trade Commissioner for North America and British Consul General in New York

Emma Wade-Smith OBE has been Her Majesty’s Trade Commissioner for North America and HM Consul General New York since November 2021.

Prior to this appointment, she spent nearly six years leading the UK Government’s pan-African regional trade and investment team, as Her Majesty’s Trade Commissioner for Africa.

Before moving into the world of trade and investment, Emma worked at the British Embassy in Washington D.C. as the UK’s Counsellor for Foreign and Security Policy.

This came on the back of a two year stint (2009-2011) heading up the UK Government’s International Crisis Response Team. She was awarded an OBE by Her Majesty The Queen for her work helping British Nationals to safety from hot spots all around the world.

Emma has had a distinguished career as a British Diplomat spanning more than two decades, with postings to Mexico and Chile as well as secondments to the United Nations in New York; the European Commission in Brussels; and the UK Department for Business, Innovation and Skills where she worked on international trade.

Emma is married to John; speaks reasonably fluent Spanish; is a Seahawks fan; and attempts to play golf every once in a while.

HM Trade Commissioner for North America

The HM Trade Commissioner (HMTC) for North America oversees all Department for International Trade (DIT) work in North America including:

  • growing the overall bilateral trade and investment relationship
  • improving market access for British companies, including small and medium sized businesses (SMEs)
  • developing finance and trade policy

The HMTC also works closely with the wider diplomatic network and UK based colleagues to coordinate HMG activity on our wider prosperity agenda.

Department for International Trade

British Consul General in New York

The Consul General is the senior UK official in a Consulate General, which is a subordinate office to the Embassy or High Commission, usually located in another major city. The Consul General represents the UK government and is typically responsible for consular, visa and trade activities in their city or region.

The Consul General leads the government’s work promoting UK economic, commercial, political and consular interests in New York, Pennsylvania, New Jersey and Fairfield County, Connecticut.

Foreign, Commonwealth & Development Office

Previous roles in government

  • HM Trade Commissioner for Africa

The Future of the US-UK Trade & Investment Relationship

Thursday, February 24, 2022
10:00 – 11:00 am EST

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The virtual meeting link will be emailed to you prior to the event.

You are invited to a virtual roundtable discussion about The Future of the US-UK Trade & Investment Relationship.

We are honored to welcome Emma Wade-Smith OBE, Her Majesty’s Trade Commissioner for North America and HM Consul General to New York, for her inaugural engagement with the British American Business Council of Greater Philadelphia. Emma will be joined by Ekrem M. Sarper, Head of International Public Policy, Cigna Corporation who will moderate this dynamic discussion. Oliver St. Clair Franklin OBE, Honorary British Consul for Greater Philadelphia and Michelle Colona, Senior Vice President, Cigna Americas, will offer introductory remarks.

This exclusive program will deliver an insider’s view about the advancing progress of US-UK trade negotiations and the strengthening of the relationship between the two nations. The dynamic conversation will reveal timely insights about post-COP green growth strategies; sector-specific updates about transatlantic businesses expanding and investing across the trade corridor; and key areas of focus in 2022, including growth and innovation practices shared between the US and the UK, such as tech and digital trade, financial services, business mobility, and more.

Click here for the recap and to view photos.

Sponsored by:

In Partnership With:


After COP26, Infrastructure & Energy in a Changing Environment

Thursday, January 13, 2022

2:00 – 3:00 pm EST

The Washington, DC Chapter of the British American Business Council is launching the 2022 CEO-Leadership Speaker Series featuring a fireside chat with Badar Khan, President, National Grid US – After COP26, Infrastructure & Energy in a Changing Environment. Click here for more information and to register for the virtual event.

For those who were not able to attend, please click here to see a recording of the full event.


The Philadelphia Orchestra Digital Stage

December 18, 2021 – June 1, 2022

Learn More

The Philadelphia Orchestra is one of the world’s preeminent orchestras. It strives to share the transformative power of music with the widest possible audience, and to create joy, connection, and excitement through music in the Philadelphia region, across the country, and around the world. Through innovative programming, robust educational initiatives, and commitment to the community, the ensemble is on a path to create an expansive future for classical music, and to further the place of the arts in an open and democratic society. The Philadelphia Orchestra is often referred to as the cultural ambassador for the City of Philadelphia.

The Orchestra is known throughout the world for its unique and beautiful sound.

We are proud to promote the Orchestra and we hope you are able to enjoy everything they have to offer this holiday season and beyond.


The Philadelphia Orchestra: Home for the Holidays in Verizon Hall

December 16 – January 9, 2022

Learn More

The Philadelphia Orchestra is one of the world’s preeminent orchestras. It strives to share the transformative power of music with the widest possible audience, and to create joy, connection, and excitement through music in the Philadelphia region, across the country, and around the world. Through innovative programming, robust educational initiatives, and commitment to the community, the ensemble is on a path to create an expansive future for classical music, and to further the place of the arts in an open and democratic society. The Philadelphia Orchestra is often referred to as the cultural ambassador for the City of Philadelphia.

The Orchestra is known throughout the world for its unique and beautiful sound.

We are proud to promote the Orchestra and we hope you are able to enjoy everything they have to offer this holiday season and beyond.


BABCPHL Holiday Greetings from the President

Dear BABCPHL Members and Friends,

This time of year is typically hectic and hopefully festive! It is a time to reflect on events that have transpired during the past twelve months, and a time to make plans for the future. Many of us find ourselves in a race to meet deadlines and wrap things up before the end of the calendar year.

The pandemic is far from over but after nearly two years of this, we are learning how to cope and restart our lives. As the calendar year draws to a close and we set our sights on 2022, we have renewed hope that we will once again be able to meet in person on a regular basis.

This past year we offered several engaging programs and we look forward to reconnecting with all of you in 2022 for a series of educational seminars and enjoyable networking events. We are actively seeking your input to deliver meaningful content to help you expand your US-UK business operations. What matters most to you and your business as you embark on this new journey? Please contact us at babc@babcphl.com with the subjects you are focused on, and the goals you are looking to meet. Your objectives will help us deliver dynamic and targeted programing to directly meet your needs.

Mutual support and engagement directly contribute to strengthening our partnership. Thank you for your continued support, and best wishes for all good things this holiday season and beyond.

Sincerely,

Nick Lotz, President, BABCPHL


Fisher Phillips – International Remote Work

Date: Tuesday, December 21, 2021

Time: 2:30 – 3:30 p.m. EST

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Because of the prolonged COVID-related travel restrictions, an increasing number of employers are receiving requests from their employees to work remotely, sometimes from another state or even another country. Before an employer agrees, the legal and tax implications of such an arrangement must be considered. Join attorney William D. Wright as he outlines the risks and issues employers should consider when an employee is expected to temporarily work from another state or a foreign country.

Presented by:

William D. Wright | Partner and Chair, International Employment Practice Group

The firm is submitting this webinar for CLE in states where we are in compliance.

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The BABCPHL recognizes our Club Level Members:

  • Almac
  • American Airlines
  • Cigna
  • Cigna
  • Duane Morris
  • EisnerAmper LLP
  • Faegre Drinker Biddle & Reath LLP
  • Fisher Phillips
  • HSBC
  • Johnson, Kendall & Johnson, Inc.
  • KPMG
  • Morgan Lewis
  • Penn Medicine
  • https://www.santanderus.com/
  • Welsh Government