The Federal Acquisition Regulation (FAR) recently proposed a new rule that could have significant implications for contractors. This rule aims to standardize cybersecurity requirements for a Federal Information System (FIS), indicating a shift in the legal landscape for organisations involved in federal contracting. The Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics…
For those aspiring to become a part of the partnership circle in prestigious law firms, developing a specialized area of practice might pave the way, according to Lillian (Lily) Arango of Weiss Serota Helfman Cole & Bierman. The practice of specializing early on has provided her with a competitive edge. As she puts it, there…
In the complex world of corporate lending, a common scenario emerges where a bank extends a financial loan to a business, with the owners of the business acting as guarantors. Business defaults can lead to a murky situation where owners blame one another for the fiscal failure, and when the bank calls in the loan,…
Across the globe, the economic uncertainty created by the ongoing pandemic has necessitated a detailed understanding of the legal terrain around bankruptcy, insolvency and rehabilitation; nowhere is this more evident than in Australia. A comprehensive report recently published by the International Lawyers Network provides fundamental insights into these areas. The guide, aimed at offering an…
The European Union (EU) is currently in the process of implementing a new piece of legislation known as the Corporate Sustainability Due Diligence Directive (CSDDD). This directive represents a bold move by the EU to address some of the most pressing issues facing the world today: climate change and human rights violations. Companies, both within…
In a noteworthy turn of events, the U.S. Court of Appeals for the Second Circuit made short work of a former real estate tycoon and his ex-wife’s attempt to challenge a judgment against them. The judgment, leveled for fraudulent conveyances, was swiftly brushed aside, signifying an end to a legal saga spanning several years. The…
Artificial intelligence (AI) holds significant potential as well as substantial risks. These sentiments underpin the Biden administration’s recent Executive Order. The Order begins to outline the future of government actions toward the emerging field of AI. While the primary focus of the directive is on safety and security, it also incorporates provisions intended to encourage…
In a notable recent decision, the Supreme Court of Maryland adopted an amendment to Maryland Rule 2-433, which governs sanctions in Maryland state courts. However, it interestingly rejected proposals to introduce sanctions rules mirroring the Federal.R.Civ.P. 37(e). The decision marks a significant deviation from the federal “safe harbor” rule. According to details discussed in a…
Recently, the NCAA’s alternative adjudicative body, the Independent Accountability Resolution Process (IARP), made a significant determination that may influence future cases. It declared that an apparel company’s sponsorship agreement does not inherently designate the company and its employees as “boosters”. The decision arrived amidst growing debates around the definition and implications of “booster” status within…
In a recent development in California, the Governor has signed into law Senate Bill 455. Behind this somewhat generic title hides pivotal legislation directly impacting mortgage servicers in the state. According to the details of the bill, a mortgage transferor servicing a mortgage tied to property within a proclaimed state of emergency or local emergency…
In a recent development, a much awaited directive related to the SECURE 2.0 requirements of the IRS has been provided. The requirements indicate that make-up contributions for high-income participants in 401(k), 403(b), and governmental 457(b) plans need to be made as Roth contributions. The long-awaited directive, Notice 2023-62, offers a 2-year administrative transition period. This…
Welcome to the most recent quarterly update surrounding biologics and biosimilars, with specific focus on post-grant and patent litigation challenges to globally recognized biologics. A note of interest: since the implementation of the Biologics Price Competition and Innovation Act (BPCIA), 43 biosimilars have received approval, with 37 having officially launched. The BPCIA has played a…
The U.S. Department of Labor, Occupational Safety and Health Administration (OSHA), is considering a significant amendment to their current rules regarding onsite workplace inspections. Proposed changes would see an expansion in the scope of third-party representatives permitted to accompany OSHA inspectors—this could now include representatives from community organizations, worker advocacy groups, and unions. Interestingly, this…
In a recent development regarding Alberta’s oil sands royalty regime (« régime RSB »), the Alberta Court of Appeal (« Cour ») has upheld a decision by the Court of King’s Bench of Alberta. This original ruling had nullified a decision made by Alberta’s Energy Minister (« ministre ») in a judicial review case involving…
The initiative known as “City of Yes for Economic Opportunity” has been referred out for public review by the City Planning Commission (CPC) on Monday, Oct. 30. This is the second proposal referred out for review as part of the administrative tripartite initiative, “City of Yes”. The proposed zoning text amendment is geared towards modernizing…
In recent legal news, a trio of judgments concerning various aspects of employment law in France have been released, providing noteworthy insight for legal professionals within both corporations and law firms. The rulings provide illumination around the appreciation of mutual concessions when a transaction is carried out with an employee, the employer’s responsibility towards commuting…
In a series of recent rulings, culminating in Re: International Painters & Allied Trades Industry Pension Fund, 2023 WL 6812297 (D. Md. Oct. 16, 2023)(Coulson, J.)(“International Painters III”), courts have held that discovery objections were waived because they were not timely raised, setting a precedent that could reverberate within legal circles. The article, first published…
On October 5, 2023, the European Medicines Agency (EMA) implemented revised transparency rules for the Clinical Trials Information System (CTIS). This change occurred to enhance the publication of information on clinical trials that have been submitted through the CTIS. The CTIS is an integral part of the exchange of clinical trial information within the European…
In a significant move for promoters of advertising contests, changes have been instituted to the law regarding advertising contests in Quebec. Specifically, the revisions relate to the obligations for promoters. As per the previous legislation, if a promoter wished to hold an advertising contest in Quebec, they were required to obtain authorization. However, under the…
In its 2023 term, the U.S. Supreme Court will undertake the hearing of a potentially transformative case, Loper Bright Enterprises v. Raimondo (Case no. 22-451). At the centre of this proceedings is the request of the appellants for the highest court in the land to reconsider and, they hope, reverse the decision that was made…
As the legal landscape continues to adapt, certain areas of law practice have grown notably within this year. These areas of growth illuminate shifting dynamics within our society and reflect our evolving world. In particular, businesses, individuals, and government entities are relying on legal professionals with expertise in these burgeoning fields. This trend is important…
In a rapidly evolving labor market, a surge in pay protection laws favoring independent contractors is beginning to pose considerable challenges to businesses, according to recent reporting by JD Supra. Businesses that utilize independent contractors are growing increasingly concerned about potential challenges from class action lawyers or labor regulation agencies. These concerns primarily center on…
In the rapidly evolving landscape of technology and law, the November 2023 edition of the Digital Transformation Newsletter focuses on how businesses of all types are deeply immersed in a process of digitization. Delving into the crucial role that law plays in this transformative journey, it examines complex questions of accountability, regulation, and oversight. The…
Facebook Inc. has become involved in a payment dispute over its $725 million settlement of a lawsuit concerning data sharing with Cambridge Analytica, a political consulting firm linked to Donald Trump’s 2016 presidential campaign. The plaintiffs’ counsel is demanding additional payments exceeding $319,000 in interest due to a delay in lodging the settlement funds into…
With January 1, 2024, approaching in little over two months, the Corporate Transparency Act (CTA) is set to take effect bringing sweeping changes to reporting requirements for various entities. As outlined by Dechert LLP, the Act will have a pronounced impact on Corporate CLO issuers and securitization issuers. Under the impending Act, Corporate CLO issuers…