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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 | February 2023
While bid rigging and other offenses relating to procurement fraud are nothing new in the history of the Antitrust Division's criminal enforcement efforts, the Division's prioritization of and organization regarding these offenses changed in late 2019.
The Procurement Collusion Strike Force (PCSF) and procurement cases have become mainstays of the US DOJ Antitrust Division's criminal cartel enforcement efforts since that time. Through a combination of its durable design, favorable circumstances for its growth, and the Antitrust Division's own diligence in building a network that spans the procurement landscape and prioritizes procurement cases, the PCSF is poised to play a prominent role in US cartel enforcement and maintain the Division's enforcement focus on public procurements in the coming years.
This article analyzes the PCSF's development and progress to date and assesses the initiative's progress so far in its own "detect and deter" mission.
Read the full CPI Antitrust Chronicle article, "The US approach to cartel enforcement in public procurements."
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
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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