On July 26, 2023, the U.S. Securities Exchange Commission (SEC) adopted new final rules concerning cybersecurity risk management, strategy, governance, and incident reporting by public companies, as reported by Foley & Lardner LLP on JD Supra. The primary features of these newly established rules are stipulated in two main points. Firstly, public companies are obliged…
In an era of digital domination, the tactile pleasure of leafing through a physical book remains a distinctive experience. Despite the wealth of e-books, audiobooks, and other digital reading tools at our disposal, there’s no better time to pick up an old-fashioned paperback than National Book Lover’s Day on August 9. This sentiment rings especially…
The field of corporate and cyber law is continuously evolving, and it has become increasingly crucial for legal professionals to familiarize themselves with risk and process management frameworks. In a recent webinar titled “Risk and Process Management Framework: Lessons Learned in Getting Started”, hosted by NAVEX and featuring Forrester’s Cody Scott, pertinent insights were offered…
Recent rulings in the Southern District of New York have sparked discussion on whether a token is considered a security. These cases in question are SEC v. Terraform Labs and SEC v. Ripple Labs. In under three weeks, two distinct rulings were made by separate judges. Judge Torres held that the digital asset XRP, under…
In an effort to expand access to capital for small businesses, the Biden Administration has announced a series of policy adjustments and modernizations to the U.S. Small Business Administration’s (SBA) 7(a) and 504 loan programs. According to an announcement shared by Orrick, Herrington & Sutcliffe LLP on August 1, the adjustments are aimed at simplifying…
As an avenue for property investment, United Kingdom Real Estate Investment Trusts (UK REITs) are increasingly becoming a significant mechanism in the market. In particular, UK REITs provide the advantage of tax exemptions which, in effect, place their shareholders in a tax position almost identical to that of a direct investor in UK real estate….
In response to the profound changes of today’s economy, the Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ) have jointly issued new draft guidelines regarding mergers on July 19. This move signals the ongoing evolution of these two influential agencies and their increasing focus on the dynamics of the modern market. JDSupra…
Investing in a competent employee selection process isn’t just about getting the best people on board; it has far-reaching financial implications for a company. As revealed by a survey conducted across 2500 firms, one incorrect hiring decision can lead to an astounding loss of more than $25,000, owing to decreased productivity, low morale, and other…
As many legal professionals are undoubtedly aware, the COVID-era policy permitting employers to remotely inspect documentation for completing form I-9 concluded on July 31, 2023. Following this deadline, a recently implemented policy requires all employers to physically examine the I-9 documents, which employees were previously authorized to present remotely. These changes are broadly applicable, and…
The Ninth Circuit, a pertinent figure in the US court jurisdiction, has recently passed a judgment that affirms Zillow, the popular real estate marketplace, as guilty of infringing copyrights owned by a well-known real estate photography studio. With the given background information, it’s apparent that this case’s decision marks the second round of a prolonged…
In a move aimed at bolstering the transparency around cybersecurity risks, the U.S. Securities and Exchange Commission (SEC) enacted final rules requiring public companies to disclose pertinent cybersecurity incidents and strategies. The directive came into effect on July 26, 2023, generally obligating public organizations to shed light upon (i) the materiality of cybersecurity incidents within…
In a move that is vital for legal professionals working in large corporations and law firms, particularly those concentrating in environmental and property law, the U.S. Supreme Court released an order that directly impacts the construction of energy pipelines across the country. The order, issued on July 27, nullified the U.S. Court of Appeals for…