On October 24, 2023, a significant revision was made to the regulations implementing the Community Reinvestment Act (CRA) by the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation. An article on JD Supra provides details on the issued final rule, aimed at strengthening and modernizing these…
In spring 2023, the UK Government’s Department of Culture, Media and Sport charted a course designed to reform the governing structure of English football. In a powerful move , they unveiled a white paper detailing plans for the creation of an independent regulator for football. This monumental shift comes after thorough consultation with leagues, clubs,…
In an era of burgeoning medical advancements, the importance of precisely understanding clinical trial parameters has never been more pertinent. A particular area of emphasis is the necessary sample size for clinical trials seeking clearance for medical devices by the Food and Drug Administration (FDA). Last month, the question at hand was regarding the performance…
In a significant environmental ruling, India’s Supreme Court ordered officials from Punjab, Haryana, Rajasthan and Uttar Pradesh — states neighboring New Delhi — to prevent farmers from burning crop residues. This decision came as a response to mounting concerns over hazardous air pollution levels in New Delhi. The court has assigned the implementation of these…
The Federal Energy Regulatory Commission (FERC or the Commission) has been in the spotlight with its recent proposal dating back to October 19, 2023. The Commission is planning on altering the manner of collection and the type of data being aggregated in its Electric Quarterly Reports (EQRs) (JDSUPRA). One of the key proposed changes involves…
California, one of the largest states in the U.S. by both population and economy, has been deeply intertwined in the evolving conversation surrounding the decriminalization and regulation of psychedelic medicines. A significant development recently took place on October 7, when Governor Gavin Newsom vetoed a bill that promised to decriminalize the possession, preparation, procurement, and…
In a recent affair involving HealthSun, the nature of self-disclosure within corporate legal issues has been illuminated with stark clarity. The event underlines the guidance from the Criminal Division of the United States Department of Justice (DOJ), which urges companies to openly cooperate with the government following the detection of any criminal conduct. This case…
The EU Digital Markets Regulation has seen significant developments in November 2023, establishing new markers in the field of legislative evolution. Providing a preview into these updates, this article aims to shed light on crucial progress within digital market regulation that may affect legal professionals working for corporations and law firms on a global scale….
In an intriguing development in the intersection between employment law and the growing trend of remote work, a federal judge has ruled regarding Cardlytics Inc., a digital ad firm incorporated in Delaware and based in Atlanta. The court declared that the company could not establish diversity jurisdiction in the midst of a compensation dispute involving…
In a move that has drawn national attention in legal and political circles, Ohio Supreme Court Justice Jennifer Brunner has initiated legal action against the state’s election officials. The case, currently in federal court, addresses a law that mandates all candidates for the Ohio Supreme Court and lower appellate courts to reveal their political affiliations…
In an age where attention spans are continually tested and frequently found lacking, legal professionals know all too well the importance of capturing and holding the attention of jurors. As illustrated by a recent mock trial documented by Holland & Hart, even the most earnest jurors can struggle to maintain focus, succumbing to fatigue within…
Despite the New York State Bar Association’s long standing opposition to the practice of law by non-attorneys, a recent development has shown that options for such individuals may be expanding. During a recent weekend House of Delegates meeting, the co-chair of the association’s task force encouraged the New York State Bar Association (NYSBA) to consider…
In a move that is expected to accelerate the shift towards “Open Banking”, the Consumer Financial Protection Bureau (CFPB) issued its highly anticipated notice of proposed rulemaking on October 19th. This move is designed to implement Section 1033 of the Dodd-Frank Act otherwise known as the Personal Financial Data Rights Rule. Under the proposed rule,…
The White House is taking pivotal steps towards comprehensive Artificial Intelligence (AI) regulation, as demonstrated by a recent executive order. This order signifies the U.S. moving closer to a unified approach on federal AI regulation, building upon the AI Bill of Rights and NIST AI Risk Management Framework. The focus of the new regulatory approach…
Artificial intelligence (AI) is continuing its permeation into various industries, with the legal sector not exempted. Particularly, generative AI is finding its foothold, shaping what can be described as the future of AI in the legal industry. Generative AI refers to forms of artificial intelligence that can create high-quality content from scratch, such as writing…
In a significant decision, the U.S. District Court for the District of South Carolina invalidated the Health Resources and Services Administration’s (HRSA’s) definition of “patient” in regards to the 340B Drug Pricing Program. The much-awaited judgement on November 3, 2023, came in the case of Genesis Health Care, Inc. v. Becerra, which dates back to…
The long-anticipated final version of the European Union’s (EU) Regulatory Technical Standards on risk retention has been published in the Official Journal of the European Union after years of development and multiple drafts. The Regulations were finalized and made public on October 18, 2023. You can find the regulations here. The implementation of these new…
The U.S. Court of Appeals for the Fifth Circuit has once more addressed a reoccurrence in the federal court system where a Texas judge has been found to penalize lawyers or parties in a case too readily. This marks at least the third instance in which this issue has been raised. The latest episode involves…
Following years of turbulence in response to the COVID-19 pandemic, the advent of artificial intelligence, changing regulations, and shifting employee preferences, Littler has released its 2023 European Employer Survey Report. This research effort seeks to ascertain if European workplaces have started to establish a consensus around what many have referred to as the “new normal”….
Federal prosecutors have identified legal professionals, politicians, and corporate executives among the clientele of a network of so-called ‘high-end brothels.’ These operations reportedly charged up to $600 per hour for sexual services, provided predominantly by women trafficked from Asia. The illicit activities took place in upscale apartments located in Massachusetts and Virginia, bolstering a vast…
In the legally complex world of wineries, small companies, often owned by a single individual or group of shareholders who are usually members of a family network, constitute a sizable portion of the industry. Disputes, as in any business, are bound to arise over a variety of issues. One such contentious area is the purchase…
In a significant move for financial services institutions in the state, New York’s Governor Kathy Hochul recently announced an overhaul of cybersecurity regulations previously enacted in 2017 by the New York Department of Financial Services (NYDFS). The original regulation required banks, insurance companies and other similar entities to not only meet vast cybersecurity preparedness requirements…
Hogan Lovells, a globally recognized law firm, has confirmed the names of 28 partners joining its organization from the recently dissolved Stroock & Stroock & Lavan firm. This intake includes several previously being the heads of various practice groups, bringing an enormous wealth of experience to Hogan Lovells. The mass recruitment proceeded the dissolution of…
In a unanimous decision on November 3, the Financial Stability Oversight Council (FSOC) voted to finalize procedures for designating nonbank financial companies for supervision by the Federal Reserve. The move aims to establish a rigorous and durable process under FSOC’s nonbank financial company designation authority, providing procedural protections for companies under review for potential designation…
Germany has long been recognized as a pacesetter in the energy sector, particularly in the field of renewables. Recently, the country has been edging closer towards realizing the potential of hydrogen as an energy vector. According to an interview on JD Supra, Tobias Larisch of Latham & Watkins Energy & Infrastructure spoke with two industry…