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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Canada | Publication | September 23, 2021
Now that COVID-19 vaccines are widely available across Canada, many employers are considering whether to make the vaccination mandatory for employees.
As it currently stands, the federal and provincial governments have not made COVID-19 vaccination mandatory for all employees; however, certain jurisdictions have mandated vaccination policies for workers in specific fields. For example:
In addition, a number of provinces have announced they will be using a vaccine passport system, which will require citizens to provide proof of vaccination in order to access certain establishments, businesses and event venues. In line with this shift, a number of private sector employers have also publicly announced they will be implementing vaccination policies that require employees to provide proof of vaccination.
With this trend towards adopting mandatory COVID-19 vaccination in the workplace, it is important for employers to keep in mind the following before implementing such policy:
Overall, it does appear there is a growing trend toward implementing vaccination policies in the workplace. Employers looking to implement such a policy should keep in mind that there is not a “one-size-fits-all” approach to vaccination policies, and as such it is recommended that employers obtain legal advice before implementing a vaccination policy.
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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 EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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