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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 | April 2022
As of March 26, 2022, Hawaii removed its indoor mask mandate, making it the final US state to remove its COVID-19 indoor mask restrictions. In lifting the restrictions, Governor David Ige announced:
Together, we have reduced COVID-19 in Hawai‘i to the point where most of us will be safe without masks indoors . . . Right now, hospitalizations are trending down. Case counts are falling. We are better at treating people who are infected. Booster shots are saving lives. And the CDC has rated the state’s COVID-19 community level as “low”. However, the state will be ready to reinstitute the mask policy if COVID case numbers surge.1
Settings where masks are still recommended indoors in Hawaii include:
On March 26, 2022, Hawaii also ended its Safe Travels program. Passengers arriving from domestic points of origin after March 26, 2022 will no longer be required to show proof of a COVID-19 vaccination or a pre-travel negative test result. Incoming passengers will also no longer be required to create a Safe Travels account or provide travelers’ information and trip details. Similarly, beginning on March 26, 2022, state/county employees and visitors to state facilities will no longer be required to provide vaccination status or negative COVID test results.
On the county level, the County of Kauai, the County of Maui and the County of Hawaii repealed their COVID-19 Emergency Rules between February and March of 2022. The City and County of Honolulu's Safe Access Oahu program ended on March 6, 2022. The program had previously required all employees, contractors and volunteers of businesses, such as restaurants, bars, gyms, movie theaters, arcades and other similar establishments, to show proof of full vaccination against COVID-19 or a negative COVID-19 test result each week in order to operate.
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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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