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
Paul Maynard has been announced as the new Minister for Pensions, following Laura Trott’s promotion to chief secretary to the Treasury in the recent cabinet reshuffle. Mr Maynard, who was elected Conservative MP for Blackpool North and Cleveleys in May 2010, has previously held positions as government whip, transport minister and justice minister. Before entering Parliament, he worked as a political adviser and speechwriter.
Mr Maynard comes to the role at a crucial time. The absence of a Pensions Bill in the King's Speech has left a range of pensions issues unresolved, so Mr Maynard inherits a very busy inbox. There are currently several unfinished projects where secondary legislation is required, as well as an ambitious policy agenda following the Mansion House proposals.
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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