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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 ...
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.
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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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