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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Latin America is undergoing a transition to renewable energy. The annual Global Trends in Renewable Energy Investment report from 2015 found that worldwide investment in the renewable energy sector between 2004 and 2014 amounted to more than US$2 trillion. In 2014 alone, global investment in renewable power and fuels totalled US$270 billion, with more than half of this occurring in emerging markets and a significant proportion directed to Latin America . This investment is expected to continue as an increasing number of Latin American countries set renewable energy goals and offer financial incentives for project deployment and manufacturing. Furthermore, the demand for electricity will continue to increase rapidly due to the ongoing demographic and socio-economic structural changes in many Latin American countries.
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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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