ESG—Environmental, Social, and Governance—investing is attracting the attention of pension funds, hedge funds, sell-side analysts, large money managers, lenders and banks, and political interest groups and activists, all of whom can exercise their shareholder rights to push changes through corporations.
Category Archives: Government Regulation
Proposed regulations, which will implement the Foreign Investment Risk Review Modernization Act (“FIRRMA”) next year, revise the process for review of foreign investments and also reflect the U.S. government’s evolving view of what sectors of the U.S. economy (such as real estate, life sciences, and data collection or maintenance) raise national security concerns and, as result, will be subject to heightened scrutiny.
Jones Day’s Laura Fraedrich, Chase Kaniecki, and Justin Huff explain why a growing number of industries must consider FIRRMA’s implications when structuring transactions involving non-U.S. investors.
Legal and regulatory battles continue over net neutrality, the concept that all internet traffic should be treated equally.
In Mozilla v. Federal Communications Commission, the U.S. Court of Appeals for the D.C. Circuit upheld the Commission’s deregulatory approach to net neutrality but also struck down an order blocking states from implementing their own rules.
Jones Day partner Brett Shumate explains what the court’s decision could mean for net neutrality moving forward.
France remains a vibrant market for investors. But as is the case in many countries, France is establishing regulations to oversee and control foreign investment in certain industries and sectors. Jones Day’s Audrey Bontemps, Nicolas Brice, and Chase Kaniecki talk about the country’s foreign direct investment regulations and explain how parties to possible transactions subject to these rules should proceed.
Italy is ranked one of the top destinations for investment in the European union. Still, the Italian government wields the authority to review, and even prevent, investments by foreign entities seeking assets in certain sectors and industries.
Jones Day’s Stefano Crosio and Chase Kaniecki talk about recent developments in Italy’s foreign direct investment regulations and discuss strategic considerations for parties to potential transactions.
The United Kingdom is taking a careful look at potential direct investments by foreign entities. While the UK certainly works hard to attract investor interest, concerns relating to certain sectors can trigger government scrutiny and oversight.
Jones Day’s Matt Evans and Chase Kaniecki discuss the U.K.’s review process, the role of the Competition and Markets Authority, the sectors subject to examination, and the importance of “managing the message.”
In step with a global trend, the European Union has enacted a framework, effective October 11, 2020, for screening foreign direct investment into EU states.
Breaking more than two decades of precedent, the Trump Administration has allowed the suspension of Title III of the Helms-Burton Act to lapse, thereby enabling eligible individuals and companies to file lawsuits in U.S. courts seeking compensation for assets expropriated by the Cuban government since 1959.
Jones Day’s Chris Pace and Rick Puente discuss the circumstances leading to Title III, how companies can evaluate claims they may have under Title III or exposure they may face under Title III, and potential defenses to Title III lawsuits.
Am 21. Dezember 2018 ist das sog. Energiesammelgesetz in Kraft getreten, mit dem u.a. das EEG geändert wurde. Hierbei handelt es sich um die siebte Änderung des EEG 2017 seit dessen Inkrafttreten vor etwas mehr als zwei Jahren. Eingeführt wurde u.a. eine Pflicht zur Ausrüstung von Windenergieanlagen mit einer bedarfsgesteuerten Nachtkennzeichnung ab dem 1. Juli 2020. Diese Pflicht gilt auch für Bestandsanlagen; schätzungsweise 18.000 Windenergieanlagen in Deutschland müssen daher nachgerüstet werden.
Aus der aktuellen Rechtsprechung ist ein Beschluss des Bayerischen Verwaltungsgerichtshofs vom 3. April 2019 zur Anwendbarkeit der sog. 10 H-Regelung insbesondere für Planer und Betreiber von Windenergieanlagen in Bayern relevant. Danach ist die 10 H-Regelung (Art. 82 BayBO) auch dann bei der Erteilung von Änderungsgenehmigungen nach § 16 BImSchG zu beachten, wenn bereits eine bestandskräftige BImSchG-Genehmigung vorliegt und sich weder die Standorte noch die Höhe der Anlagen ändern.
Diese aktuellen Themen im Bereich Windrecht erläutert Kerstin Henrich von Jones Day.
On December 21, 2018, the so-called Energy Collective Law came into force, amending, inter alia, the German Renewable Energies Act (“EEG”). This is the seventh amendment to the EEG 2017 since it came into force on January 1, 2017. Among other things, an obligation was introduced to equip wind turbines with need-controlled night-time identification from July 1, 2020. This obligation also applies to existing turbines; an estimated 18,000 wind turbines in Germany will therefore have to be retrofitted.
From the current case law, a decision of the Bavarian Higher Administrative Court of April 3, 2019, on the applicability of the so-called 10 H regulation is relevant in particular for planners and operators of wind farms in Bavaria. According to this decision, the 10 H regulation must also be observed when granting amendment permits in accordance with the German Federal Emission Control Act if a valid and binding permit for the wind farm already exists and neither the locations nor the height of the turbines change.
Jones Day’s Kerstin Henrich explains these current topics in the field of wind energy law.