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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Global | Publication | April 2018
We recently reported on new regulations laid before parliament to extend the scope of mandatory licensing for houses in multiple occupation (HMOs) with effect from 1 October 2018.
There are more in the pipeline ...
Further regulations (in the form of the Licensing of Houses in Multiple Occupation (Mandatory Conditions of Licences) (England) Regulations 2018) have been published and, if approved, will come into force on the same date.
Both sets of regulations are prompted by government concern about what it regards as a vital part of the private rented sector. They follow a consultation on ways to reform the licensing of HMOs in order to improve standards.
The further regulations impose new duties on a landlord of an HMO in relation to:
These new duties must be included as conditions in licences granted or renewed on or after 1 October 2018, but local authorities are required to give a period of grace of not more than 18 months in the event of initial non-compliance with the first two conditions.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.
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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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