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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 | October 19, 2021
On June 21, 2021, Federal OSHA promulgated an Emergency Temporary Standard (ETS) for COVID-19 in the healthcare industry. When this rule was issued, Federal OSHA required that state programs, such as Tennessee, adopt this ETS or promulgate their own rule.
Tennessee OSHA has completed the process of promulgating an emergency temporary rule with an effective date of August 24, 2021. The content of the rule is very similar to, but no more restrictive, than the rule published by Federal OSHA.
Given the similarity of the rule to the ETS, OSHA resources such as the model plan, checklists, etc. would be suitable to comply with the emergency temporary rule.
This rule is applicable to the healthcare industry and related support services only and went into effect September 22, 2021.
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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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