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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 | August 2018
Most houses in multiple occupation (HMOs) in England comprising three storeys or more and occupied by five or more people in two or more separate households are subject to mandatory licensing by local housing authorities (LHAs).
A reminder that from October 1, 2018, the scope of mandatory HMO licensing will extend to apply to HMOs occupied by five persons or more in two or more households regardless of the number of storeys. Landlords of HMOs falling within the extended description who fail to apply for a licence by October 1, will commit a criminal offence.
LHAs will also be required to include the following conditions in all HMO licences granted or renewed on or after October 1, 2018:
Subject to a limited transitional period for the first two conditions, licence holders not complying with a condition will commit a criminal offence and be liable to an unlimited fine, or a financial penalty of up to £30,000.
It is estimated that the extension of the scope of mandatory licensing will result in an additional 160,000 HMOs needing to be licensed. HMO landlords and managers would do well to consider now whether they need to take action before the October deadline.
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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 private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
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