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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 | April 2018
We recently reported on new regulations laid before parliament to extend the scope of mandatory licensing for houses in multiple occupation (HMOs) with effect from 1 October 2018.
There are more in the pipeline ...
Further regulations (in the form of the Licensing of Houses in Multiple Occupation (Mandatory Conditions of Licences) (England) Regulations 2018) have been published and, if approved, will come into force on the same date.
Both sets of regulations are prompted by government concern about what it regards as a vital part of the private rented sector. They follow a consultation on ways to reform the licensing of HMOs in order to improve standards.
The further regulations impose new duties on a landlord of an HMO in relation to:
These new duties must be included as conditions in licences granted or renewed on or after 1 October 2018, but local authorities are required to give a period of grace of not more than 18 months in the event of initial non-compliance with the first two conditions.
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We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
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