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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 | November 2017
The presence of electronic communications equipment can cause significant logistical hurdles to property development. Most mainstream electronic communications operators enjoy extensive statutory powers under the Electronic Communications Code, such as a right to install apparatus on, under or over land.
The current Code, which is widely regarded as overly complicated and difficult to interpret, is shortly to be replaced by a new Code. This is set out in the Digital Economy Act 2017 and expected to come into force in December 2017.
Two major issues for developers under the existing Code are: establishing whether any Code-protected apparatus is located on a property and securing the removal of apparatus enjoying Code protection.
The new Code seeks to assist, for example by providing a mechanism to help landowners obtain information from Code operators. It also sets out additional grounds on which a landowner can bring a Code agreement to an end and require the removal of equipment.
On the other hand, the New Code extends the rights of operators to, for example, upgrade apparatus and share it with another operator. It also prohibits parties from agreeing to exclude Code rights and contains provisions likely to reduce the income stream for landowners under new agreements.
It remains to be seen whether, in practice, the new Code strikes a fair balance between stakeholders.
For further information please contact Sian Skerratt-Williams or your usual contact at Norton Rose Fulbright.
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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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The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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