Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Global | Publication | July 2018
The government is on a mission to deliver a “fairer, good quality and more affordable private rented sector”. Recent steps taken in this direction include a database of rogue landlords and agents. Other changes in the pipeline include a ban on tenant letting fees (see our May Focus), a requirement that landlords join a redress scheme and that all letting agents are registered.
Attention has now turned to the terms of assured shorthold tenancies (ASTs), the most common form of tenancy in the private rented sector.
The government considers that, given the increasing size of the sector, there is a need for longer and more secure tenancies than the minimum six months offered by the AST regime. In a consultation published this month by the Ministry of Housing, Communities and Local Government entitled Overcoming the barriers to longer tenancies in the private rented sector, views are sought on a new longer term tenancy model and how to implement it.
The main components of the proposed new model are
There is scope for exemptions from the three-year fixed term, with suggestions including student accommodation and holiday lets. The consultation asks what other exemptions might be necessary or justifiable.
The consultation also seeks views on implementation, with proposals ranging from compulsion through legislation to financial incentives for landlords and voluntary measures.
Given the potentially far reaching consequences of any such changes, the consultation period is relatively short: responses are required by August 26, 2018.
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.
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