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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 | November 16, 2021
The US Department of Labor conducted a meeting of the National Advisory Committee on Occupational Safety and Health on November 16, 2021. This included presentations from the Occupational Safety and Health Administration (OSHA) and the National Institute for Occupational Safety and Health (NIOSH) on their current priorities.
OSHA addressed only passingly the Fifth Circuit Court of Appeal’s November 12 stay of OSHA’s November 5 COVID Emergency Temporary Standard (ETS) “vaccine-or-test” mandate, stating it was following the court’s prohibition on implementation and enforcement.
Other areas of emphasis include protection of workers from heat hazards; resource enhancement by hiring more staff in compliance and enforcement, and strengthening the whistleblower protection program; improvement of outreach to “underserved worker communities”; and the availability of Susan Harwood grant monies for promoting workplace safety (noting US$21M in funding for 2021).
NIOSH discussed its use of federal pandemic funds to address worker mental and emotional health issues; the pursuit of a “Total Worker Health” initiative to combat substance abuse; its own commitment to heat safety; and the recent enactment of a permissible exposure limit (PEL) for nanosilver particles and a focus more generally on potential nanotechnology hazards.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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