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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 | August 2018
The Carbon Reduction Commitment (CRC) Energy Efficiency Scheme (the Scheme) came into force on April 1, 2010. It is a mandatory emissions trading scheme for large businesses and public sector organisations in the UK, aimed at reducing energy consumption and requiring energy use to be reported annually.
Since its introduction, the Scheme has been perceived as overly complex and administratively burdensome, not least in a landlord/tenant context.
It is therefore welcome news that the CRC Energy Efficiency Scheme (Revocation and Savings) Order 2018 comes into force on October 1, 2018 and provides for the early closure of the Scheme. The CRC compliance year 2018/19 will be the last one for which participants will be required to report their energy use, although there will be some continuing obligations for a limited period.
The closure of the Scheme is part of a package of reforms to the energy efficiency landscape. These include
That is not all on the energy efficiency front
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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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