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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 | March 9, 2022
As reported in prior alerts, US OSHA enforces whistleblower provisions in 25 federal statutory schemes protecting employees from retaliation for reporting workplace health and safety problems. These statutes address protected employee activities across virtually every industry segment and are addressed in OSHA’s Whistleblower Protection Program.
On March 8, 2022, OSHA published an interim final rule concerning employee retaliation complaints under the Taxpayer First Act (TFA). Enacted on July 1, 2019, TFA protects employees who report underpayment of taxes or other potential federal tax law violations.
Since this is an interim rule, OSHA is soliciting public comments by May 6, 2022 (submit comments online, identified by Docket No. OSHA–2020–0006) via the Federal eRulemaking Portal. Additional details about the statute and instructions on filing a TFA complaint with OSHA are outlined in Whistleblower Protection for Employees Who Report Federal Tax Law Violations.
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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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