Estate planning often encompasses more than just foreseeable processes and situations during one’s lifetime. A growing reality, that many might not be cognizant of, is that your executor, trustee, and beneficiaries can implement actions after your death to realize the most productive outcome from your testamentary plan. This approach involves the construction of the estate…
In an effort to bolster worker safety, California Governor Newsom has signed into law Senate Bill (SB) 553 on September 30, 2023. The newly enacted law requires all employers to set up, uphold, and execute an effective workplace violence prevention plan (WVPP). Here you can read more about it. California’s legislature has always been at…
As the realm of technology continues to expand and evolve, so too do the challenges faced by large corporations and law firms in managing and protecting digital assets and information systems. The rising concern around cyberattacks on business institutions is gaining increased attention due to their far-reaching implications. In one recent alarming example, a spate…
In a recent speech, Martin J. Gruenberg, the Chairman of the Federal Deposit Insurance Corporation (FDIC), addressed several salient issues ranging from rulemaking under the Community Reinvestment Act (CRA) to the problems of unbanked households and the risks posed by nonbank financial institutions. The remarks were given at the Exchequer Club on September 20th. Orrick,…
In a world where globalization is increasingly the norm, legal matters can often transcend not only state lines, but also international borders. This reality of the 21st century has become focal in the arena of family law, where disputes tied to divorce and child custody are frequently interstate and international in scope. The complexity of…
The Hong Kong Stock Exchange (HKEx) has recently publicized a consultation paper, indicating the onset of a six-week consultation on GEM listing reforms. This initiative represents the effort to embolden its backing for small and medium-sized enterprises (SMEs), as per a report by the renowned law firm, Morgan Lewis. The proposed GEM listing reforms represent…
On September 28, 2023, the Federal Communications Commission (FCC) announced the release of a draft Notice of Proposed Rulemaking (NPRM). As per the Wiley Rein LLP’s report , the NPRM, if adopted, would largely impact the regulation of broadband in the United States. Specifically, it proposes to reclassify both broadband internet access service and mobile…
In a recent development, the case titled ‘Janssen Pharms., Inc. v. Mylan Labs. Ltd., No. 20cv13103, 2023 WL 3605733 (D.N.J. May 23, 2023) (Padin, J.)’ has been the center of attention in the legal world. This case entails certain concerns regarding the drug product ‘Invega Trinza® (paliperidone palmitate)’, along with the U.S. Patent No. 10,143,693…
In a world infused with digital communication, the thin line that separates personal and work lives has become increasingly opaque. In a landmark case, The High Court of Madras in Madurai, India has ruled that employees cannot face dismissal for sending offensive messages about their boss in a privately-operated chat group, such as WhatsApp. For…
North Carolina lawmakers last week formally adopted a state budget for the current fiscal biennium, pushing forward significant reforms and allocations within the state financial structure. The highlights of the newly adopted budget, HB 259: 2023 Appropriations Act, include an average 7% salary increase for state employees and educators over the next two years and…
As we approach the start of the federal government’s new fiscal year, uncertainty looms large for government contractors. With only two days left and Congress still deadlocked over a series of spending bills that require approval to ensure the government continues its operations, many are left speculating over the effects a potential shutdown could have…
Legal professionals should be aware that the Colorado Division of Insurance (CDI) has adopted a new regulation concerning the use of external consumer data and information sources (ECDIS), as well as predictive models incorporating ECDIS (Models), by Colorado-licensed life insurers. The regulation, finalized on September 21, 2023, sets forth requirements aiming to prevent unfair discrimination…
In the realm of nonprofit organizations, missteps in financial transactions can lead to serious legal and reputational consequences. One area where such missteps commonly occur is in the handling of “excess benefit transactions.” This term refers to transactions wherein an economic benefit provided by a nonprofit organization to a disqualified person exceeds the value of…
Dealing with the challenges of employment separation and lay-offs is no easy task for legal professionals and corporate compliance officers. The complexity heightens with managing whistleblower allegations and ensuring legal and procedural compliance. Hence, it seems imperative to explore a more compliance-centric approach to handling these employment separation issues. Recent advice and data-driven insights shed…
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo’s Toronto office is witnessing expansion in Canada as it adds two new partners, thereby extending its legal team to 24 lawyers. Anthony De Fazekas, renowned for his work in intellectual property law, and commercial real estate lawyer Mervyn Allen, are the latest additions to the team. Anthony De…
In an important development for professionals concerned with intellectual property and trade secrets, the First Circuit Court has ruled that a compilation of public record data can be viewed as a protectable trade secret. This comes following a lawsuit initiated by Allstate against two former insurance agents and an insurance agency on charges of trade…
As legal professionals observing the ever-changing landscape of immigration policy, it’s increasingly important to understand how potential government shutdowns can affect pivotal U.S. governmental operations. Specifically, several immigration processes stand to be disrupted, should the U.S. government fail to reach a budget agreement to fund federal government operations. This issue can no longer be considered…
As October approaches, anticipation grows in the legal and corporate spheres with the expectation of the Internal Revenue Services to announce the 2024 retirement plan limits. It has become somewhat of a tradition for the IRS to make this annual announcement in October, and this year is no different. Esteemed legal expert Ary Rosenbaum of…
The U.S. Food and Drug Administration (FDA) is set to hold a significant virtual symposium in 2023, focusing on the continuous manufacturing of nanomaterials. Termed the 2023 NanoDay Symposium, the event will take place on October 11, 2023. In this forthcoming symposium, the FDA is expected to provide an overview of the experiences of the…
Addressing the unique hurdles of the U.S. immigration system for foreign nationals eager to secure employment within the United States can be considerably challenging. The requirement for employer sponsorship, with few exceptions, can prove to be a significant obstacle. The main route to obtain temporary work authorization is often through the H-1B category. However, the…
In the ever-evolving landscape of business law, staying updated with current research and trends is essential. One of the recent developments gaining significant attention is the topic of Parallel Derivative Action Settlements. A publication issued by Cornerstone Research, entitled “Parallel Derivative Action Settlement Outcomes”, expands the boundaries of conventional knowledge and enlightens us on the…
On September 26, 2023, an addendum to the July 2021 Xinjiang Supply Chain Business Advisory, henceforth known as the “2021 Advisory”, was released by multiple U.S. Departments: State, Treasury, Commerce, Homeland Security, Labor, and the Office of the U.S. Trade Representative. The origin of this shared initiative is to bring more information related to the…
The Golden State witnessed significant transformation in its federal judiciary under Dianne Feinstein’s nearly 31-year stretch in the U.S. Senate. Born a non-lawyer, Feinstein left an indelible imprint on California’s federal bench, reshaping it through her meticulous vetting and recommendation of hundreds of aspiring judges. The effect of her untiring efforts was evident in the…
In current times of rising interest rates and inflation, some buyers of condominiums offered in the pre-sale (or pre-construction) phase are experiencing potential buyer’s remorse as the closing date for their apartment purchase approaches. More often than not, they have signed a purchase agreement years in advance while the economic situation was different. According to…
In a rare development in the US intellectual property landscape, an injunction pertaining to patent infringement was granted by the Federal Circuit. It involves major child safety seat manufacturer, Evenflo Co. Inc., and a patent dispute against Wonderland Switzerland AG. The sequence of events saw an interim stay of an injunction granted against Evenflo firstly….