For both local and multinational corporations, nuanced legal regulations surrounding business practices and stock market behaviors can be challenging to navigate. A prime example of such a regulation surrounds the complexities of reverse stock splits in California, a subject that has garnered renewed attention in the market lately. In a recent blog post, legal commentator…
Artificial Intelligence (AI) is rapidly producing an increasing number of generative AI products that are becoming commercialized on the market. These offerings demand a balance between swift implementation, technical competencies, and significant financial and legal deliberations for corporates seeking to integrate these solutions into their existing systems. Technology providers are concurrently pushing the boundaries of…
In a notable legal development, the district court in Maine partially sustained a motion to dismiss a lawsuit brought by artist Ellen Okolita against eBay. Okolita claimed that eBay facilitated foreign counterfeiters to trade replicas of her designs and use her copyrighted photos on their marketplace. These photos included her children modelling the products. Okolita,…
A recent report by the Conflict Observatory flushed light upon a grievous issue. It exposed that Russia has instituted a series of laws to speed up the application process for Russian citizenship, while harshly penalizing individuals who did not apply for citizenship in Russian-occupied territories of Ukraine. The report was made public on Wednesday and…
On June 22, 2023, Canada’s Bill C-47 received royal assent, marking the advent of significant amendments to the Income Tax Act (ITA) and its regulations (ITA Regulations) that were tabled as part of the 2023 Federal Budget. Among the key changes incorporated are measures that permit retroactive contributions to defined contribution (DC) registered pension plans…
On August 2, 2023, a significant shift in labor regulation occurred as the National Labor Relations Board (NLRB) issued an anticipated ruling in the Stericycle, Inc. case. This new decision effectively reverses the Trump-era Boeing decision, altering how workplace rules balance with employees’ legal rights to engage in “protected concerted activity.” This refers to section…
In a tactical legislative attempt to address plastic pollution, the two major political parties within the United States have presented diverging viewpoints. The Environment Protection Agency’s (EPA) public request for commentary on its draft strategy to mitigate plastic pollution sparked diverse responses from a group of 14 Democratic Attorneys General (AGs) and another of 16…
In an ecosystem where creditors often find themselves at the tail end of priority during bankruptcy filings, a particular provision in the Bankruptcy Code can potentially offer a silver lining. Amid the gambit of general unsecured claims, Section 503(b)(9) of the Bankruptcy Code functions like an ace in the pack, potentially tilting the scales towards…
The second day of the NILG (National Industry Liaison Group) 2023 National Conference continued the event’s momentum with treats of in-depth discussions and keynote addresses. This year’s conference held true to its reputation as the beacon of information for legal professionals in large corporations and top-notch law firms. First on the schedule was an interactive…
Recent developments have seen the National Labor Relations Board (NLRB), an institution pivotal in regulating labor practices in the US, reignite the ‘Biggest Idiot’ standard. This resurfacing could have significant implications for employers and their respective handbooks. Section 7 of the National Labor Relations Act (NLRA) bestows on employees the robust right to unionize, participate…
Earlier this summer, the Food & Drug Administration (FDA) issued draft guidance for those researching the use of psychedelics to treat certain serious medical conditions including major depressive disorder, PTSD, and substance use disorders. This initiative marks the first time the FDA has provided guidance to the numerous entities conducting research on these controlled substances…
In a high-profile case concluded in July 2023, the Court of Québec ruled against the Régie de l’assurance maladie du Québec (the Quebec Health Insurance Board, RAMQ), citing “serious” and “systemic” violations of the Canadian Charter of Rights and Freedoms. As a result of the ruling, evidence against medical specialists was excluded due their rights…
The toll of counterfeiting on the economy and businesses has traditionally been a problem plaguing the high fashion industry. Recognizable high-end brands like Prada, Gucci, and Versace have regularly been victimized. These high-priced luxury items, including Rolex watches, Hermes handbags and Dior fragrances, are particularly attractive targets for counterfeiters, as the resale value of seemingly…
On July 31, 2023, the Council on Environmental Quality (CEQ) proposed the Bipartisan Permitting Reform Implementation Rule, better known as Phase 2 of the Biden Administration’s revisions to the regulations that implement the National Environmental Policy Act (NEPA). This proposal carries significant implications with a potential transformation of existing structures and practices surrounding environmental policy….
In one of the recent judgments, the Supreme Court decided on the issue of affirmative action in two cases, namely the SFFA v. Harvard/UNC. This has raised many questions among private employers, who are keen to understand the implications of this decision on their Diversity, Equity, and Inclusion (DEI) programs. This article aims to provide…
German authorities announced the arrest of a Syrian national on charges of war crimes and crimes against humanity, connected to a series of alleged offenses committed between 2012 and 2015. The suspect, known as ‘Ahmad H.,’ reportedly partook in extreme cases of torture, killings, and enslavement while operating as a member of a pro-government militia…
In an insightful discussion, Troutman Pepper White Collar and Legal Partner Cal Stein recently touched upon the role of the Racketeer Influenced and Corrupt Organizations Act (RICO) with regards to enforcing and collecting foreign arbitration awards. This conversation unfolds amidst a backdrop of increasing relevance and complexity in cross-border business and legal matters, warranting an…
In the world of corporate compliance, it’s not unusual to see names such as Tom Fox and Kristy Grant-Hart leading the conversation. These two top compliance commentators recently got together in a fray of fascinating dialogue on their program, 2 Gurus Talk Compliance, in an episode dedicated to exploring the intricacies of conducting ethical business…
Norton Rose Fulbright South Africa (NRFSA) made a substantial change to its organizational hierarchy with the announcement of its new CEO, Brent Botha. Known for his expertise in corporate and commercial litigation, Botha is set to step into his new role starting October 1. Botha, who is the leader of the firm’s disputes practice group,…
In an unexpected turn of events, top-tier law firm Stewarts has suffered a significant 55% profit-per-equity-partner (PEP) drop, a notable contrast to the fortunes of the previous year. This unplanned occurrence goes against the upward profit trajectory that characterized the firm’s financial performance in 2022. Despite this downturn in PEP, the firm’s managing partner holds…
This week’s discussion within the legal fraternity revolves around two major points of interest. Firstly, the U.S. Judicial Conference raised its concerns regarding the congressional budget proposals for the judiciary in the coming fiscal year. Furthermore, light has been shed upon the long standing history between former President Donald Trump and U.S. District Judge Tanya…
The legal market in China is buzzing with activity as multiple legal firms have made strategic team hires in recent months. Among the firms leading with lateral partner movements are Jingtian & Gongcheng, Han Kun Law Offices and Global Law Office, all strengthening their legal contingents within their China offices. More details are available in…
Wilko, a prominent British high street chain, has enlisted the legal services of Fieldfisher, a leading U.K firm recognized within the top 50 law firms in the nation. The move comes in the wake of Wilko filing a notice of its intention to appoint administrators, as reported by Law.com. In a statement released on Thursday,…
In a recent turn of events, the Hong Kong Exchanges and Clearing Limited (HKEX) has updated its listing rules. Prior to this change, companies seeking to list in Hong Kong were required to delineate risks related to their operations in China. These China-related risks covered a broad field, including applicable laws and regulations, political structure,…
Stroock & Stroock & Lavan, following unsuccessful merger discussions with several law firms, announced on Thursday its intention to eliminate a significant hurdle on the path to a partnership deal. In a substantial move, the firm’s partnership has authorized a full pension buyout. This decision is aimed at managing the complexities that an accrued pension…