Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Authors:
United States | Publication | October 2023
The 88th Texas Legislature, Regular Session, convened on January 10, 2023, and adjourned sine die on May 29, 2023. As is typical when one party controls both houses and the Governor's office, there seemed to be unanimity with respect to the stated legislative objectives as the session began; however, public differences began to surface as to how best achieve those objectives. That is not particularly unique to any legislative process, but the level of public disagreement within the same party drew the attention of many. When the Texas Legislature adjourned its regular session without meaningful property tax reform, the Governor immediately called two back-to-back special sessions to focus on property tax relief. Those special sessions were littered with public statements by State leaders which, at the very least, indicated a lack of coordinated effort between the House and the Senate. Perhaps the greatest evidence of division among State leadership was the unprecedented impeachment of the Texas Attorney General by the House on May 27, 2023 (and subsequent acquittal by the Senate on September 16, 2023, following a public trial). In part, as a means to encourage the House and the Senate to compromise on property tax relief, Governor Abbot began vetoing bills as the deadline to sign or veto bills from the regular session approached.1 Even after the second special session concluded with the passage of S.B. 2 which focused on property tax relief through the public-school finance system, the Governor promised to call additional special sessions to address what he views as unfinished State business. Clearly, sine die does not yet signal the end of the 2023 legislative session.
The following legislative summary prepared by Norton Rose Fulbright's Public Finance lawyers is not intended to be a summary of all bills enacted by the 88th Legislature, but is focused on concerns affecting public finance and how State agencies, local governments and nonprofit corporations finance and build infrastructure. Within that focus, this alert highlights the major bills that were considered or passed, along with particular bills that affect our clients in our practice.
The summaries presented herein should be read with reference to the related bills. Background information provided for each bill was sourced from the statements of intent presented by bill authors and sponsors during the 88th Legislature, and do not reflect the views or opinions of Norton Rose Fulbright.
If you have any additional questions relating to the summaries contained herein, please do not hesitate to contact a member of our public finance team so that we may assist you with specific questions and guidance.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
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.
Publication
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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