Pivotal Amendments Proposed to Strengthen English Arbitration Act’s Competitiveness

In a move that speaks to the spirit of “Quality Over Quantity,” the Law Commission has proposed pivotal amendments to the English Arbitration Act. According to the Law Commission’s Final Report on the Arbitration Act 1996, the proposed changes, while modest in number, are significant and targeting at enhancing the efficiency, cost-effectiveness and reliability of…

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FDA Draft Guidance Targets Prescription Drug Use-Related Software Labeling

In a recent development taking place on September 19, 2023, the U.S. Food and Drug Administration (commonly known as FDA or ‘the Agency’) issued a draft guidance, shedding light on its plans regarding Regulatory Considerations for Prescription Drug Use-Related Software (referred to as the ‘Guidance’). Critical to understanding the evolution of FDA’s approach towards digital…

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Environmental Liability and Insurance: Lessons from the Underground Storage Tank Case

In the world of corporate law, understanding the nuances of insurance coverage can prove critical, particularly when it pertains to environmental liabilities such as those arising from petroleum leakage from underground storage tanks. A recent case in this domain addressed by the United States District Court (M.D. Florida) illustrates the importance of timing in such…

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Potential H-1B and F-1 Visa Overhaul: Modernizing Requirements and Providing Flexibility

The U.S. Citizenship and Immigration Services (USCIS) introduced a proposal on September 19, 2023, seeking amendments to the existing regulations ruling the roles of H-1B specialty occupation workers and students in possession of F-1 visas who are beneficiaries of the timely filed H-1B cap-subject petitions. The titled proposal, “Modernizing H-1B Requirements and Oversight and Providing…

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California’s Hiring Compliance: Navigating the Changing Landscape of Background Screening Rules

Ensuring compliance with hiring practices and background screening rules has never been more crucial for employers, specifically within the confines of California’s latest legal landscape. With the ongoing spate of new regulations and rules being imposed by local, state, federal governments, it’s imperative for organizations to not only remain informed of these changes but also…

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Shein’s IPO Journey Marred by Allegations of Infringement and Human Rights Offenses

In light of its prospective initial public offering (IPO), Chinese-based fast fashion brand Shein is garnering media attention for various controversies currently plaguing the company. These alleged violations include copyright and trademark infringements, charges of human rights offenses via forced labor, along with concerns related to environmental and health risks. To date, Shein’s alleged infringements…

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Evolving Arbitration Landscape Amidst Inflation and Geopolitical Challenges: 2023 Outlook

In the upcoming year 2023, the international arbitration landscape predicts to be largely influenced by macroeconomic factors. The present inflationary pressures, complemented by price volatility, along with the employment of sanctions by governments worldwide due to Russia’s invasion of Ukraine, have imposed significant challenges for businesses globally. These circumstances are resulting in an increase of…

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FCA and PRA Spearhead Initiatives to Boost Diversity and Inclusion in UK Financial Sector

The United Kingdom’s Financial Conduct Authority (FCA) has recently shed light on its initiative to boost diversity and inclusion (D&I) within the financial services sector. The initiative, first published in a consultation paper on 25 September 2023, outlines proposed measures with the potential to make a significant impact on systematic practices within not only financial…

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EEOC Sues Blackwell Security Services for Alleged Religious Discrimination Against Muslim Employee

The U.S. Equal Employment Opportunity Commission (EEOC) has initiated legal proceedings against Blackwell Security Services, Inc, alleging religious discrimination towards a Muslim employee. As per the available details of the lawsuit, the staffing company, which services hotels and condominiums, is accused of refusing to accommodate an employee’s religious practices, effectively forcing him to make a…

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ERISA Monthly Minute: Tobacco Surcharges, Gag Clause Attestation, and ACA Affordability Adjustments

Keating Muething & Klekamp PLL have recently distributed their monthly update on significant Employee Retirement Income Security Act (ERISA) legal developments. The September Monthly Minute is directed to corporate legal professionals and covers three important areas: tobacco surcharge cases, gag clause attestation, and adjustments to the Affordable Care Act (ACA) affordability percentage. The Monthly Minute…

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Navigating Healthcare Investment Challenges amid Greatest Financial Turmoil in 40 Years

The 2023 Health Care Investors Conference recently concluded with noteworthy insights into funding and financing healthcare, specifically pointing to the current environment as the “toughest in 40 years”. This analysis was conducted by a panel of four experienced members during the event. Read about it here. The panelist consensus resonated with a sentiment of uncertainty…

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Climate Risk Adjustments: Insurance Industry Adapts Amid Heightened Global Warming Concerns

In recent years, catastrophic weather phenomena like storms, tornadoes, rain, flooding, wildfires, and other natural disasters have grown exponentially in both frequency and intensity. Although they don’t actively discuss it, insurance carriers have started to react to this escalating trend which many attribute to global warming. Through coverage adjustments and underwriting reforms, the insurance market…

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California Privacy Protection Agency Drafts Reveal Future of Cybersecurity Audits and Risk Assessments

Within the dynamic realm of cybersecurity regulations, a significant development has been initiated in California. The California Privacy Protection Agency (CPPA), in its most recent meeting since July 2023, has introduced the first draft of cybersecurity audit and risk assessment regulations, warranting the attention of legal professionals and corporations alike. As discussed at the meeting…

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Ninth Circuit Ruling Redefines False Claims Act Penalties for Government Contractors

In a crucial ruling on August 8, the United States Courts for the Ninth Circuit delineated two significant matters pertaining to damages under the False Claims Act (FCA) within the framework of government procurement. The ruling structures the potential penalties that government contractors could be subjected to. Notably, the ruling by the Ninth Circuit, reduces…

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California Legislature Approves Bills for Mandatory GHG Emissions and Climate-Related Financial Risk Disclosures

Two bills have recently been approved by the California State Senate and State Assembly, respectively known as Senate Bill 253 and Senate Bill 261. These proposed legal requirements target companies conducting business within California, which number in the thousands. Each of these companies could find themselves obligated to disclose their greenhouse gas (“GHG”) emissions and…

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Sweeping State and Local Tax Changes in September 2023: Impact on Businesses and Taxpayers

Notable developments in State and Local Taxes (SALT) rarely escape attention, especially when they impact businesses and taxpayers on a significant scale. The month of September 2023 was no exception, where certain substantial changes in this arena, spread across multiple jurisdictions, created quite a stir. In a recent coverage by JD Supra, entitled “SALT Select…

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Annual Medicare Part D Notices: Ensuring Timely Compliance and Employee Awareness

Employers are required to distribute annual Medicare Part D notifications by October 14, according to the Centers for Medicare & Medicaid Services (CMS). This requirement ensures that sponsors of group health plans convey to eligible individuals whether the employer’s prescription drug coverage adheres to CMS standards for creditable coverage. The fundamental purpose of these annual…

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AHA Challenges Proposed FTC Pre-Merger Notifications in Healthcare Sector

In the latest Healthcare Authority Newsletter underlined is the American Hospital Association’s (AHA) concern about proposed updates to the Federal Trade Commission’s pre-merger notification requirements. According to the AHA, the adjustments poised are “largely unnecessary” and encompass “a substantial burden” for successful antitrust scrutiny within hospital sector. The new stipulations, as presented by the Federal…

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High Court Ruling Offers Clarity on Distressed Disposal Provisions in Intercreditor Agreements

In recent legal news, a significant judgment in the High Court provides clarity regarding the “Distressed Disposal” provisions (DD Provisions) within LMA-based intercreditor agreements (ICA). Distressed Disposal Provisions, often prevalent in ICA, have been a point of contention among stakeholders, primarily because of their uncertain interpretations across various legal settings. However, this recent development, as…

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