Publication
Generative AI: A global guide to key IP considerations
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Australia | Publication | May 2024
The Australian Government recently announced reforms to its foreign investment framework and released an updated Foreign Investment Policy and exposure draft regulations to exempt interfunding transactions from foreign investment approval processes. The reforms will largely be implemented via changes to the Australian Government's Foreign Investment Policy, rather than through legislative changes (other than for the interfunding exemption). It is expected that the guidance notes published by the Foreign Investment Review Board will be updated over the coming months.
The recent federal Budget release noted that the Australian Government will provide A$15.7 million towards these reforms to attract significant foreign capital flows while protecting the national interest.
The key objective of the reforms is to ensure that a risk-based approach is undertaken in administering the foreign investment framework. Key changes include:
Norton Rose Fulbright has extensive experience advising clients on Australia’s foreign investment framework. We advised on the foreign investment framework for one of Australia’s largest forestry deals, and also advised global consulting construction, engineering and operating company, Egis on its acquisition of Australian and New Zealand company, Calibre Professional Services.
If you would like to discuss how the proposed changes may affect current or future Australian investments, please contact us.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
The UK remains a world leader in offshore wind, accounting for roughly 20 percent of global offshore wind capacity, with 11.3 GW operational. It is forecast that installed capacity will rise to 19.5 GW by mid 2020s.
Publication
On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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