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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Global | Publication | July 2018
We have previously reported on new minimum energy efficiency standards (MEES) when letting domestic and commercial premises in England and Wales.
Since April 1, 2018 a landlord cannot grant a lease or tenancy of a sub-standard property. A “sub-standard” property is a property that does not achieve an “E” Energy Efficiency Certificate (EPC) rating or higher. There are a number of exemptions, but a landlord can only rely on an exemption by registering it with supporting documentary evidence in a public Private Rented Sector (PRS) Exemptions Register.
The government has recently published guidance on available exemptions and PRS Exemptions Register evidence requirements. The exemptions covered by the guidance are
Most of the exemptions last for five years. After expiry, the landlord must try again to improve the property’s EPC rating but if this cannot be achieved, a further exemption may be registered.
Prospective landlords should note that
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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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