Publication
Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
United Kingdom | Publication | November 2023
On October 26, 2023, the Economic Crime and Corporate Transparency Act received Royal Assent. The Act will be relevant to all companies, including corporate trustees, in terms of ID verification for their directors and persons with significant control, and most individuals who file documents with Companies House. In due course, corporate trustees that have corporate directors will need to review their structure to ensure compliance with the Act.
It is not yet confirmed when the measures will come into force but new secondary legislation and guidance is awaited.
Publication
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Publication
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
Publication
The conventional wisdom is that ‘securitisation caused the great financial crisis’ (GFC). A further piece of conventional wisdom is that this was due to the misalignment of incentives between securitisation originators and securitisation investors . This conventional wisdom in turn drove much of the regulation of securitisation we now have.
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