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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 | September 2018
The Deregulation Act 2015 introduced additional restrictions on landlords of assured shorthold tenancies (ASTs) granted in England on or after October 1, 2015. These relate to the service of notices to terminate an AST using the “no fault” procedures in s.21 Housing Act 1988 (s.21 notice). There was a limited reprieve for ASTs granted before then, but that is about to come to an end.
From (and including) October 1, 2018, the following will also apply to ASTs granted before October 1, 2015
Landlords of ASTs granted on or after 1 October 2015 are also not permitted to serve a s.21 notice if they have not provided the tenant with an Energy Performance Certificate and a Gas Safety Certificate. It is not clear whether this requirement also applies to ASTs granted before then: it is to be hoped that further regulations or official guidance will clarify the position.
Stop press: In our July Focus we reported on a government consultation seeking views on a compulsory 3-year fixed term for ASTs. Recent press reports suggest that these proposals may now be scrapped – watch this space!
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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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