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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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United States | Publication | April 2022
The Occupational Safety and Health Administration (“OSHA”) is charged with ensuring employees enjoy a safe and healthful work environment, either through the federal program or a federally-approved state plan that is at least as effective as the federal program.
The effectiveness of a state plan is virtually never an issue. Nonetheless, OSHA has announced its intent to revoke final approval of Arizona’s plan.
In particular, OSHA claims that, over the past decade, Arizona has generally failed to adopt adequate maximum penalty levels, safety and health standards, and National Emphasis Programs. More specifically, Arizona has not adopted OSHA’s COVID-19 Healthcare Emergency Temporary Standard.
View the OSHA proposal. With its April 21 publication, OSHA has started the revocation process. Public comments may be submitted by May 26. If necessary, OSHA will conduct an online evidentiary hearing on August 16.
Once OSHA considers the comments and analyzes the testimony and evidence collected in the hearing, it will publish a second notice announcing its revocation decision.
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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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