Is globalization dead? This has become a popular claim of late, and on its face, it would seem that more and more governments are imposing protectionist measures to ensure companies and industries remain in their home jurisdictions, discouraging and occasionally even killing cross-border mergers and acquisitions in the name of national security.

But ask most M&A lawyers if this means the interdependence of the world’s economies, brought about by cross-border trade in goods and services, technology and flows of investment, is on the decline, and they’ll likely respond with a dismissive “No!”