Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Authors:
Global | Publication | June 2022
Norton Rose Fulbright and Pekin Bayar Mizrahi have organized a webinar series on current ESG topics.
Environmental, social and governance (ESG) issues are important for global businesses as the legal and regulatory landscapes change and ESG expectations of investors, customers, employees and other stakeholders grow. Recent regulations in the EU and developments in Turkey create a stronger need for Turkish businesses to learn and adapt ESG initiatives in an expedient manner.
For these reasons, teams from Norton Rose Fulbright and Pekin Bayar Mizrahi share their extensive knowledge on different aspects of ESG in a webinar series. The series took place in June and has three online sessions on the following topics:
Register for the webinar series
Borsa Istanbul A.Ş has submitted a template report on Sustainability Principles compliance for public consultation. This template foresees explanations about the status of compliance and reasons for non-compliance for each of the principles under the subtitles of the following main titles of the Sustainability Principles: (a) General Principles, (b) Environmental Principles, (c) Social Principles and (d) Corporate Governance Principles. The draft report template will be finalized at the end of the consultation period.
Capital Markets Board of Turkey publishes guidelines on green financing
The Capital Markets Board of Turkey aims to bring the issuance of green/sustainable debt instruments and lease certificates in line with international standards in its “Guidelines on Green and Sustainable Debt Instruments and Lease Certificates”, published on February 24, 2022. The Guidelines aim to increase transparency, honesty, consistency and comparability for financing projects which contribute to environmental sustainability, Projects which take into consideration the climate crisis, the Covid-19 pandemic, the European Green Deal, the 11th Development Plan and the 2021 Economy Reform Package of Turkey, and the Paris Climate Treaty, are based on the Green Bond Principles of the International Capital Markets Association. The Guidelines seek to regulate the fundamental principles to be followed during green project financing and set forth four main components for framework certificates:
Mining permits are to be made available in olive plantations to applicants who agree to move the olive trees elsewhere or rehabilitate the area once the mining operations are complete, in accordance with the rules and regulations imposed by the Turkish Ministry of Agriculture and Forestry. The Mining Affairs General Directorate amends the Regulation on Mining on March 1, 2022 to make this possible.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
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.
Publication
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.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023