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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 | July 2022
The US Occupational Safety and Health Administration (“OSHA”) published a proposed rulemaking on June 29, 2022, to approve a new occupational safety and health plan for Massachusetts state and municipal employers and workers. Public comments and requests for a hearing must be submitted by August 1, 2022. Submit comments online at the federal eRulemaking portal.
Under the Occupational Safety and Health Act, state and local government entities are excluded from federal OSHA coverage. However, the Act permits a state to assume occupational safety and health responsibility under the state’s own plan, which must be approved by OSHA. A state may obtain federal approval if its OSHA plan is at least as effective as the federal program.
The Massachusetts plan would cover approximately 6,500 public sector employers and their 434,000 employees. Private sector and federal government workers in Massachusetts remain under federal OSHA’s jurisdiction.
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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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