![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.
Global | Publication | February 2018
Houses in multiple occupation (HMOs) are one of the main forms of housing in the private rented sector for those on low income or benefits.
Certain types of HMOs are subject to mandatory licensing by local housing authorities. In general terms they are HMOs that comprise 3 storeys or more and are occupied by 5 or more people in 2 or more separate households.
Legislation was laid before parliament on 23 February 2018 to extend the scope of mandatory HMO licensing so that it applies to most HMOs occupied by 5 persons or more in 2 or more households regardless of the number of storeys. It is estimated that this will result in an additional 177,000 HMOs being subject to mandatory licensing in England.
The change will come into force on 1 October 2018. Landlords of HMOs falling within the extended definition who fail to apply for a licence by that date will commit a criminal offence.
Confused by HMOs? You are not alone. The government intends to publish a toolkit for landlords to help identify whether an HMO licence is required.
For further information please contact Sian Skerratt-Williams or your usual contact at Norton Rose Fulbright.
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
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023