The past decade has seen a profound transformation in the role and function of legal operations within businesses. The legal landscape itself has been evolving at a record speed, placing unprecedented demands on legal departments and altering their roles within the broader business structure. The double-edged pressure of serving the corporation effectively while reducing costs…
Facebook’s parent company, Meta, has rejected the recommendation from its Oversight Board to suspend former Cambodian Prime Minister Hun Sen’s Facebook account for allegedly inciting violence. In a video posted in January, Hun Sen appeared to threaten his political adversaries with violence, which was seen by many as a violation of Facebook’s community guidelines. Nevertheless,…
Elite French and international firms have recently finalized the restructuring of Groupe Barrière, a leading five-star hospitality enterprise in France—indicative of a rise in restructuring activities linked to private equity as companies regroup for the post-pandemic era. Worth several billion euros, the deal brings an end to a significant chapter in the life of the…
For those professionals who couldn’t tune into the highly anticipated Legaltech Week show last Friday, you’ll be relieved to learn that the entire show, featuring key ILTACON takeaways, is now accessible via video. An in-depth post-mortem analysis of the conference was discussed in the hour-long broadcast, providing essential insights for legal practitioners. For those not…
Recent developments have highlighted a delay in the implementation of an important provision of the SECURE 2.0 Act of 2022. The IRS has announced a postponement in the execution of the Roth Catch-Up Contribution Provision for two years. This decision is vital to participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans aged 50…
In a significant shift in labor law policy, the National Labor Relations Board (NLRB or Board) has altered its approach to determining union representation for employees. For close to 90 years, the preference was given to a secret ballot election administered by the NLRB whether employees wanted a union to represent them. This practice was…
Jaran R. Moten, a former litigation partner at Kirkland & Ellis, has joined Phillips Lytle adding further depth to their litigation practice in Chicago. This development was announced in a recent news release. Prior to his move, Moten served as a senior editor of the Washington University Law Review. His track record at Kirkland &…
With Hurricane Idalia about to make its landfall in Florida, businesses today are more than ever primed to focus on not just the preparation but the potential adverse impacts that this natural disaster could trigger. Key among these would be possible effects on their contractual obligations. In the world of business and real estate contracts,…
International law firm Quinn Emanuel Urquhart & Sullivan, representing Grillo’s Pickles, has initiated a lawsuit against investment banking entity Harris Williams LLC. The lawsuit pertains to allegations of intellectual property misappropriation and violation of non-disclosure agreements. Harris Williams, a subsidiary of PNC Financial Services, is accused of disclosing proprietary pickle recipes with the intention to…
In recent weeks, California Attorney General Rob Bonta has been particularly active, embarking on an “investigative sweep” into employer compliance with the California Consumer Privacy Act (CCPA) and issuing warnings to employers about employer-driven debt restrictions. Bruce Sarchet and Corinn Jackson of Manatt, Phelps & Phillips, LLP report the surprising developments. AG Bonta’s primary focus…
In entity of the global labor law service Ius Laboris, an enlightening commentary has been made on the impending Pay Transparency Directive, a legislation set to create new gender pay gap reporting obligations throughout the European Union. The development is designed to enhance income transparency in an effort to curb the persistent problem of gender-based…
In a significant move, the Department of Justice (DOJ) has settled criminal antitrust charges with Teva Pharmaceuticals and Glenmark Pharmaceuticals that amount to a hefty $305 million. This case presented by the Antitrust Division of the DOJ indicates a continued trend of aggressive prosecution. However, the Antitrust Division’s record in criminal cases has received critical…
Amongst the corporate sector, data security has increasingly become a top concern. In a recently unfolded incident, Alogent Holdings Inc. recorded a substantial data breach that affected a considerable number of customers. This breach came into light on August 14, 2023, when Alogent filed a notice of the breach with the Attorney General of Maine….
The introduction of a heat injury and illness prevention standard, despite being regarded as one of the leading concerns for the Occupational Safety and Health Administration (OSHA), is yet to become a reality. Industry insiders have noted that according to several reports, OSHA has not yet crossed the midway point in the process of establishing…
The Equal Employment Opportunity Commission (EEOC) has released proposed regulations meant to implement the Pregnant Workers Fairness Act (PWFA). The PWFA, alongside the new PUMP for Nursing Mothers Act, aims to fill gaps in both federal and state laws regarding protections for employees undergoing pregnancy, childbirth, or related medical conditions. The proposed regulations are part…
In the dynamic landscape of banking regulation, the U.S. federal banking agencies’ recent proposed capital rule has garnered significant attention amongst legal professionals working in financial services. Primarily affecting larger banking organizations, the proposal introduces a host of substantial changes, increased costs, and other operational requirements. The proposed capital rule now invites a lively notice…
Executive deferred compensation remains one of the most potent income sources for high-level executives, yet it is often overlooked during legal proceedings due to the complex and sometimes mystifying nature of its structure. Legal professionals who are looking to more tangibly grasp this form of compensation may find that it not only broadens their perspective…
On the University of North Carolina’s Chapel Hill campus, an active shooter event occurred on Monday, with a burdened doctoral student taken into custody following the incident. While the tragedy is a solemn event in itself, an entirely different cause for concern has arisen regarding the response of the institution during the active shooter situation….
In new research published by the journal Current Problems in Diagnostic Radiology, a team from the Harvey L. Neiman Health Policy Institute has investigated the increasing interpretation of diagnostic imaging studies by non-physician practitioners (NPPs), including nurse practitioners (NPs) and physician assistants (PAs). Their research builds upon previous work, striving to understand the extent of…
Singapore’s data protection authority published proposed guidelines on the use of personal data within artificial intelligence (AI) systems on July 18, 2023. These guidelines, titled as the Proposed Advisory Guidelines on Use of Personal Data in AI Recommendation and Decision Systems, aim to shed light on how the city-state’s privacy laws will apply to organizations…
When reporting liability insurance claims, companies must exercise caution. The governing rules may differ based on whether a policy falls under the “claims made and reported” category or the “occurrence” category. This dichotomy primarily affects Directors and Officers and Errors and Omissions policies, which are typically written on a claims made and reported basis. As…
The U.S. Securities and Exchange Commission (SEC) filed a formal request to the Supreme Court on Monday, asserting the constitutionality of federal agencies’ administrative courts’ use in enforcement actions that demand civil penalties. The SEC’s stand is a fundamental support to the practice entailing administrative law judges, mentioned in their analysis, to assess civil fines…
Consolidations, mergers, and acquisitions are becoming increasingly common maneuvers in the rapidly evolving fintech landscape. These potent financial decisions, however, accompany unique regulatory challenges, with license change of controls often emerging as a significant concern when acquiring a fintech firm with state lender, loan broker, debt collector, or money transmitter licenses. This complex topic underpins…
On 8 August 2023, the Securities and Futures Commission of Hong Kong (SFC) has made public its consultation conclusions regarding proposed amendments to enforcement-related provisions of the Securities and Futures Ordinance (Cap 571) of the Laws of Hong Kong (the SFO). In a critical move, the SFC demonstrated readiness to proceed with the proposal to…
The game of constant watch-and-wait continues as updated Title IX regulations seem unlikely to be finalized by October 2023. Those in the Title IX field, already well attuned to the technicalities of federal regulation, might find this delay vexing. While the intricacies of these laws can often induce boredom, their implications hold significant weight for…