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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 | April 2021
In response to FAQs on March 10 and then on March 26, Cal/OSHA clarified an employer's obligation to provide compensation to asymptomatic employees excluded from work because of their exposure to a COVID-19 case at work. Section 3205(c)(10)(C) of the Emergency Temporary COVID-19 Standard states that, for excluded employees, "employers shall continue and maintain an employee's earnings, seniority, and all other employee rights and benefits, including the employee's right to their former job status, as if the employee had not been removed from their job." Excluded employees who do not contract COVID-19 and do not develop any symptoms must be excluded from the workplace for up to 10 days. Among other things, the new guidance from Cal/OSHA makes clear that exclusion pay is not required when the employee's own COVID-19 symptoms prevent her from working (though the employee may be eligible for the new COVID-19 supplemental paid sick leave). And, employers may require employees to use COVID-19 supplemental paid sick leave pay in lieu of providing exclusion pay.
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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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