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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 | June 2024
The Pensions Administration Standards Association Data Working Group has published new guidance which sets out why data should not just be present but accurate, and provides suggestions on how trustees can improve and maintain their data accuracy.
A spokesman for the Association said: “Trustees should recognise data quality management is an ongoing process and not a one-off exercise. Data needs to be consistently monitored throughout the life of the scheme and controls reviewed to ensure they remain adequate to prevent future data degradation. Data remediation projects are a useful tool for maintaining accurate data, but trustees should also maintain data improvement and management plans to ensure continuous monitoring. Poor quality data can lead to poor decision-making and needs to be given the importance it deserves as the lessons to be learned from not doing so can impact employers, trustees and members for years to come.”
With the deadline for dashboard sign-up approaching over the coming months, trustees may find this guidance useful.
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.
Publication
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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