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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Utah recently passed novel legislation granting “decentralized autonomous organizations”—often referred to as “DAOs”—their own recognized form of legal existence and providing for limited liability.
This new kind of legal entity has several distinctive attributes, including some intended to help DAO members remain anonymous. But questions loom about how Utah’s hopes for DAO member anonymity will fare when they come up against recently adopted provisions under US federal law that seek to promote transparency by forcing disclosure of the individuals who stand behind legal entities. Can this seeming conflict be resolved? Can the autonomous ultimately remain anonymous?
Robert A. Schwinger explores recent developments in this edition of his New York Law Journal Blockchain law column.
Download the full New York Law Journal article, "Can the autonomous remain anonymous?"
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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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In the recent decision of Euronav Shipping NV (Euronav) v Black Swan Petroleum DMCC (BSP) [2024] EWHC 986 (Comm) (the Judgment), the English Commercial Court has underscored the role of comity in international disputes.
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