The legal sector has seen significant developments over the last week, with numerous stories that may impact corporate legal professionals. One of the most critical stories involves the Association of Corporate Counsel’s stance on the Federal Trade Commission’s antitrust suit against e-commerce titan Amazon. The association states in an amicus brief that the FTC’s arguments reflect “a broader hostility” towards the in-house attorney-client relationship.
In other legal news, the Sixth Circuit raised questions regarding the Securities and Exchange Commission’s brief public comment period. This concern emerged in light of the Commission’s intent to reverse certain rules instituted during Trump’s tenure. These rules pertain to the regulation of proxy advisory firms, entities that provide crucial services in corporate governance by offering voting recommendations to shareholders.
Both these stories form part of the many developments in the corporate legal world that professionals must keep a close eye on, in order to ensure compliance and adapt to shifting legal landscapes.