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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United States | Publication | May 2021
On May 20, 2021, the California Occupational Safety & Health Standards Board voted to table consideration of proposed revisions to the Cal/OSHA emergency temporary standard (ETS) for COVID-19 in response to the Division of Occupational Safety & Health’s written request for more time to consider the CDC’s May 13th guidance that allows fully vaccinated persons not to wear masks in some settings.
At the public hearing, it was clear from statements of the Division and Standards Board representatives that Governor Newsom’s goal of re-opening the State by June 15, 2021 also has influenced the timing and decision-making process for these state agencies. The Division wants a revised ETS to be enacted by June 15th.
To comply with legal notice requirements, the Division must submit a new proposal by May 28, 2021 and the Standards Board will then consider the new proposal at a hearing on June 3, 2021. The public will have a five-day window (including Memorial Day weekend) to comment on the proposal before the June 3rd vote.
We will report on the Division’s new proposal when it is issued.Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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European asset managers are excited about the revised European long-term investment funds (ELTIF) regime and hope that the greater flexibility for managing and distributing ELTIFs will open up new markets for their long-term investment strategies.
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The recent publication of the Investment Association’s Second Interim Report on Fund Tokenisation and regular news articles in the financial press evidence continued enthusiasm for the adoption of digital technologies such as tokenisation amongst players in the financial services markets. Indeed, the global market for tokenised real-world assets is already currently estimated to be around $600 billion and has been predicted to reach $16 trillion by 2030.
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