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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Author:
Canada | Publication | April 2020
The RAP must summarize the contamination at the site, how it will be remediated, the timelines for the remediation and milestones to assess progress. The RAP must include a RAP form, a Record of Site Condition (RSC) and a Phase 2 environmental site assessment (ESA). They must be updated with new information discovered during the ESA, monitoring or the remediation process.
According to the RAP Guide, the RAP form, RSC and Phase 2 ESA should:
AEP may accept alternative forms of the RAP if all the elements have been met through other means. For instance, the elements of a RAP could be in an authorized soil management plan or risk management plan.
The RAP Guide is a welcome document for environmental professionals and others. It provides guidance on AEP’s expectations on affected third-party property considerations, contaminant delineation, risk assessment, applicable clean-up guideline selection, source control, remedial actions and risk management plans.
It should be noted that at this time the RAP Guide has not been adopted by the Alberta Energy Regulator for contamination issues at oil and gas sites.
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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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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