Beijing’s legal firm, Haiwen & Partners, continues to enhance its team and corporate M&A practice expansion. The latest addition to its team is Eric Liu, the former managing partner at Linklaters’ China joint operation firm Zhao Sheng Law Firm in Shanghai. Eric Liu’s professional base extends to Beijing, Shanghai, and Hong Kong, as noted on…
HPS Investment Partners, a private credit firm that was established as a separate entity from JPMorgan Chase & Co. in 2016, has discreetly filed for an Initial Public Offering (IPO), as revealed by individuals knowledgeable about this development. The firm, as described by these individuals, had submitted its IPO registration to the US Securities and…
Pfizer Inc., one of the most authoritative names in the pharmaceutical sector, has taken a significant decision of discontinuing the development of its experimental weight-loss pill. The said decision came as a consequence of the unexpected high rate of side effects witnessed during a mid-stage study. This development, while necessary from a safety perspective, also…
The British Legal Awards 2023 were an illustrious event filled with esteemed legal professionals receiving due recognition for their diligent work across various transactional categories. Decided by an independent panel, the winners were measured on legal expertise, innovation, project management skills, client service, and those yielding substantial impact in their respective segments. As per the…
Amusing stereotypes about legal professionals were the mainstay of comedian Sue Perkins’ jokes, the star host at the British Legal Awards this year. Perkins noted that attorneys often find themselves depicted as characters who would stop at nothing to emerge victorious. Yet, it’s important to take note of the significant contributions made by these professionals…
Welcome to this article – your daily rundown of the top legal news tailored for lawyers, law firms, and in-house counsel at global corporations. One of the recent developments surrounds Ed Herlihy, a partner at Wachtell and chair of the PGA Tour Board. Mr. Herlihy expressed full support for PGA Tour commissioner Jay Monahan who…
A law which enables Congress to pass resolutions rejecting federal regulations is providing ammunition for business groups challenging recent labor regulations in court. This legislation, the Congressional Review Act, is the centre of various resolutions of disapproval recently introduced by lawmakers. These disapprovals are primarily focused on two rules: a rule by the US Department…
Meta Platforms Inc., the parent company of Facebook, has recently launched a legal dispute against the US Federal Trade Commission (FTC). The action is an attempt to halt FTC efforts to modify a 2020 privacy settlement and has been seen as a significant challenge to the enforcement authority of the federal agency. In this fresh…
The British Legal Awards, a prestigious event in the UK’s legal industry, were held in Central London on a Wednesday night, gathering leading lawyers from across the nation. Attracting some of the industry’s brightest, the event was marked by the celebratory mood and conviviality that have become hallmarks of this annual occasion. In the absence…
Leading lawyers from across the United Kingdom’s legal industry gathered in Central London for the widely-respected British Legal Awards. The event attracted individuals from various fields of practice, creating a dynamic and vibrant atmosphere that mirrored the diverse and adaptive nature of the industry. A noteworthy development in the American legal landscape has been announced….
Following the amendments of Friday, December 1, 2023, Federal Rule of Evidence 702 underwent certain key modifications aimed at ensuring scientific validity in the courtroom. Whilst the concrete changes in the rule’s wording are reportedly minimal, they have substantial implications for the legal process, particularly concerning scientific expert witnesses. These modifications are directed at judges,…
The development, ownership, and control of artificial intelligence (AI), especially generative AI, primarily lies in the hands of a small, influential set of private companies operating under U.S. laws and management structures. Consequently, the importance of U.S. corporate governance in regulating AI responsibly and for broadly benefitting humanity should not be underestimated. Safety measures are…
The American Institute of Certified Public Accountants (AICPA) has argued that the Office of Management and Budget (OMB) has misjudged the requirements for IRS personnel during government shutdowns. Recently, the AICPA sent a letter urging the Internal Revenue Service (IRS) to make use of funds from the Inflation Reduction Act in order to remain functional…
Witnessing an employee ascend to reality TV stardom can be thrilling for a corporation or law firm, yet such publicity may also usher in some unexpected problems, as highlighted by William Grob and Andy Levin, of legal firm Ogletree Deakins. Their recent analysis examines the potential repercussions of employees appearing on reality television, as well…