Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United States | Publication | April 2019
Authors: Ronald D. Smith, Susan L. Ross and Carey G. Child with Norton Rose Fulbright; and
Wendy Callaghan, American International Group, Inc.
For several years, as cryptocurrency prices have periodically surged and pulled back, steady growth of interest in Blockchain, distributed ledgers and smart contracts has been unmistakable. Still, many observers have noted that there is no consensus about what a smart contract is (including whether one must involve Blockchain at all) and what the term actually means. Despite the ever-increasing discussion of smart contracts, many continue to search for real uses and to question whether there will be widespread adoption.
This article will attempt to make sense of what a smart contract is and provide clear, descriptive, and accurate terminology for smart contracts, with a focus on the insurance industry. It argues that smart contracts make real sense, have real uses, will lead to real change in the insurance industry, and can likely be enforced under existing law.
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.
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