![Global rules on foreign direct investment](https://www.nortonrosefulbright.com/-/media/images/nrf/nrfweb/knowledge/publications/us_24355_legal-update--fdi-alert.jpeg?w=265&revision=a5124a65-abf9-40e4-8e96-9df39ffdb212&revision=5250068427347387904&hash=96B456347C3246E5649838DF281C5F5D)
Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | May 2024
In addition to the 9th progress update report published by the Pensions Dashboards Programme, there have been further publications in relation to the dashboards regime.
As trailed by the PDP in its progress update, new data standards have been produced, and the PDP has published a blog summarising the changes. The standards set out the data requirements for finding and viewing pensions information and how such information must be formatted. Further standards on technical and design issues are to be published once tested by volunteer participants. All pensions dashboard standards are subject to final sign-off from the Secretary of State for Work and Pensions.
The Pensions Administration Standards Association has published an update on its forthcoming dashboards guidance. Imminent publications include:
PASA also intends to provide further guidance on matching data as well as helping schemes with issues related to query handling, and communicating with members. Existing guidance will be updated as required and PASA will continue to work closely with the Pensions Dashboards Programme and regulators.
On May 10, 2024, the National Audit Office published its report on delivery delays by the DWP and Money and Pensions Service on the Pensions Dashboard Programme. Some of the report’s key findings are below.
On the current timetable, all schemes are due to connect to the pensions dashboard by October 2026.
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.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023