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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | July 2024
The National Employment Savings Trust (Nest) has launched its mobile application ‘Nest Pensions’, which aims to provide members with access to their pension information through their mobile devices.
The app, currently only available for iOS devices, gives members access to their pension pot balance, detailed breakdowns of their contributions, the ability to manage beneficiaries and update their personal information, and a secure inbox for important updates.
The intention is to roll out the app to Android users in the coming weeks. There are also planned enhancements to the app in the pipeline, including biometric access, a quick way to pay into a Nest pension pot, and the ability to transfer funds.
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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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In the recent decision of Euronav Shipping NV (Euronav) v Black Swan Petroleum DMCC (BSP) [2024] EWHC 986 (Comm) (the Judgment), the English Commercial Court has underscored the role of comity in international disputes.
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