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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 | May 3, 2021
Governor Newsom signed into law SB 93, requiring hospitality and building service employers to offer vacant positions to laid-off employees who previously held those positions. The key takeaways are:
The law provides for a $100 civil penalty for each employee whose rights are violated under the new law, and an additional $500 penalty per employee per day as liquidated damages until the violation is cured. It also prohibits employers from retaliating against any laid-off employee seeking relief under the law.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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