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Global Asset Management Review: Issue 4
Welcome to the third issue of Global Asset Management Review.
US Fifth Circuit grants a nationwide stay of OSHA’s vaccine-or-test mandate
United States | Publication | November 8, 2021
On November 6, 2021, the Fifth Circuit Court of Appeals granted a nationwide stay of the Occupational Health and Safety Administration (OSHA)'s Emergency Temporary Standard (ETS) vaccine-or-test mandate that was issued on November 5, 2021. The court granted the nationwide stay due to "grave statutory and constitutional issues" with the mandate.
The emergency stay was requested by numerous petitioners, including the Attorneys General for the states of Texas, Louisiana, Mississippi, South Carolina, Utah and several private entities. The federal government must respond to the petitioners' motion for a permanent injunction by 5:00 pm today, to which petitioners may file their reply brief by 5:00 pm tomorrow, Tuesday, November 9, 2021.
Until the courts provide further notice, employers need not begin enforcing OSHA's vaccine-or-test mandate.
Special thanks to law clerk Michelle Avidisyans (Los Angeles) for her assistance in the preparation of this content.
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European Parliament votes to adopt Omnibus proposal amending CSRD and CS3D
On 13 November 2025, the European Parliament adopted (subject to certain amendments) the substantive Omnibus Directive which was proposed by the European Commission on 26 February 2025 (see our previous briefing here). On 16 December 2025, the European Parliament adopted further proposed amendments.
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