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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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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.
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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.
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