![Global rules on foreign direct investment](https://www.nortonrosefulbright.com/-/media/images/nrf/nrfweb/knowledge/publications/us_24355_legal-update--fdi-alert.jpeg?w=265&revision=a5124a65-abf9-40e4-8e96-9df39ffdb212&revision=5250068427347387904&hash=96B456347C3246E5649838DF281C5F5D)
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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
The Australian IP Report 2022 is now out. The IP trends in Australia in 2021 reflect how the population has been adapting to the global COVID-19 pandemic. We may have been hugging less ‘IRL’ and instead having more virtual hangouts (while also talking over one another on Teams/Zoom before we learnt the ‘e-tiquette’) but creativity thrived in 2021 and applications to register various IP rights were prolific. The key Australian IP trends from the report are summarised below.
Uptake on all three registrable IP rights was on the increase in 2021 and, whilst Australia no longer has an innovation patent, this upward trend is likely to continue throughout 2022.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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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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