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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Ireland introduces auto-enrolment retirement savings system
United Kingdom | Publication | July 2024
On July 9, 2024, the Automatic Enrolment Retirement Savings System Act 2024 was signed into Irish law.
The scheme is more ambitious than its current UK counterpart as, starting in 2025, employees will contribute 1.5 per cent of their gross earnings, to be matched by their employer, and topped 2 per cent up by the State.
These rates will gradually increase every three years, reaching a maximum contribution rate of 6 per cent per employee, 6 per cent per employer, plus 2 per cent from the State, from 2034 onwards.
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Artificial intelligence and liability: Key takeaways from recent EU legislative initiatives
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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