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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 | April 2018
The increasing divergence between the law in England and that in Wales is easy to overlook but worth having on the radar.
On the planning front, the Planning (Wales) Act 2015 made changes to planning law as it applies to Wales, with further changes afoot.
Two significant pieces of legislation passed by the National Assembly for Wales relate to residential tenancy law and regulation:
More recently, the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 introduced a new land transaction tax (LTT) that replaced SDLT in Wales at the beginning of this month. LTT is collected by a new Welsh Revenue Authority (WRA).
LTT has a similar basic structure to SDLT and preserves key features such as a marginal tax rate structure, so that the relevant tax rate only applies to the proportion of the property value that falls within a particular band. However there are numerous differences and not just to the tax rates themselves.
One thing is certain – these divergences are just the start ...
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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European asset managers are excited about the revised European long-term investment funds (ELTIF) regime and hope that the greater flexibility for managing and distributing ELTIFs will open up new markets for their long-term investment strategies.
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The recent publication of the Investment Association’s Second Interim Report on Fund Tokenisation and regular news articles in the financial press evidence continued enthusiasm for the adoption of digital technologies such as tokenisation amongst players in the financial services markets. Indeed, the global market for tokenised real-world assets is already currently estimated to be around $600 billion and has been predicted to reach $16 trillion by 2030.
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