In recent years, the United Arab Emirates (UAE) has made significant strides in regulating and promoting electronic commerce (e-commerce) to foster digital transformation and keep pace with technological advancements. Federal Law No. 15/2020, also referred to as the Consumer Protection Law, and Federal Decree-Law No. 46/2021, known as the Electronic Transactions and Trust Services Law,…
In a recent development, the Environment and Land Court in Kenya issued interim orders against a policy directive revived by President William Ruto in July which aimed to end a moratorium on logging. The directive was put under scrutiny, pending the hearing and outcome of a case filed by the Law Society of Kenya (LSK)….
California’s laws surrounding securities claims are stringent, representing a robust infrastructure designed to serve as a robust system for financial regulation. Even after death, said claims may still hold relevant. As Part 5 of the Corporation Securities Law of 1968 establishes, certain violations and their subsequent remedies are clearly prescribed. Corporations Code Section 25401 elucidates…
In a decision bound to affect a significant number of global enterprises and law firms working with cryptocurrencies, The Internal Revenue Service (IRS) has clarified that stakers should include the value of any rewards earned from staking in their gross income. This ruling was released in Revenue Ruling 2023-14 on July 31, 2023. Specifically, it…
In a recent episode of the Consumer Finance Monitor podcast, guest Gregory Dickinson, Assistant Professor at St. Thomas University, detailed the complexities and challenges of using current law to address dark patterns. The episode delved into what these so-called dark patterns are and how they differ from traditional scams directed at consumers that involve the…
Change is afoot in the corporate world, as companies increasingly leverage Environmental, Social, and Governance (ESG) principles for risk management and value creation. These principles shape business priorities and inform financial goals, promoting long-term enterprise sustainability. Corporate leaders imbued with an ESG-focused mindset can help businesses recognize risks and opportunities, supporting the integration and maintenance…
As legal practitioners in the global business arena, the analysis of Fair Market Value (FMV) is often an area demanding utmost attention and precision. FMV, predominantly an issue of significance in regulatory compliance and compensation agreements concerning the healthcare sector, prompts a meticulous investigation of its defensibility. The following discussion draws on Health Care Compliance…
Securing a carbon-neutral future is an enormous venture, demanding drastic alterations across the global energy system. As an adaptable, robust energy carrier, hydrogen is projected to play an essential part. Yet realizing this potential is no simple task. It will critically lean on the capacity to visualize innovative low-carbon hydrogen projects, garner financing for them,…
In the era of ‘big data,’ one of the greatest challenges that face streamlined merger clearance proceedings is the voluminous electronic documents generated by contemporary businesses. But thankfully, solutions are within reach thanks to the power of technology. Sophisticated AI and data analytics tools exist which can help draw insights crucial to satisfying disclosure obligations…
Recent legislative developments in the United States attest to the growing patchwork of state privacy laws. Two additional states – Oregon and Delaware – have joined the existing lineup of states eliciting comprehensive consumer privacy laws. This expanding network of legalities exhibits how state-level privacy laws continue to evolve in the absence of encompassing federal…
As Artificial Intelligence (AI) continues to transform the landscape of businesses worldwide, it has become a fundamental component of many recent commercial transactions, including industry acquisitions, business assets or licenses. This trend is set to extend even further as the interest in AI technology intensifies. For organisations integrating AI into their available services, there are…
In recent legal news coverage, an intriguing docket paves the way for a range of pressing discussions among legal professionals. Plaintiff seeks sanctions against Rudy Giuliani in a breach of contract lawsuit. While the former NYC mayor is wrapped up in various legal challenges, this recent development certainly demands attention. On a lighter note, Vincent…
Modern business opportunities are taking on a new shape in the 21st century, becoming increasingly intertwined with pressing global issues. One such opportunity lies in the world of sustainability. According to an insightful podcast conversation between Tom Fox, a compliance evangelist, and sustainability guru Richard Blundell, we are at a moment of significant global change…
In a recent podcast episode, The Consumer Finance Podcast delved into the details of the Consumer Financial Protection Bureau’s (CFPB) latest advisory opinion on time-barred debt collection. Hosted by Chris Willis, joined by colleagues Stefanie Jackman, Joe Reilly, and Jonathan Floyd, the podcast takes listeners through the key events that led up to this opinion…
The possibilities and implementation of Artificial Intelligence (AI) are advancing rapidly around the globe, raising new and complex legal issues. This second installment in a series on US regulation of AI systems turns to state-level legislation and significant litigation relevant to AI systems, offering insights and predictions about the future of AI regulation. The first…
In an era defined by rapid advances in technology, the legal landscape of corporations and law firms is shifting as digitisation permeates every facet of operation. The role of artificial intelligence (AI) in legal proceedings, in particular, is restructuring the traditional ways law firms work and how corporate legal teams navigate proceedings. One significant change…
As professional landscapes continue to navigate the changing workplace conditions brought about by COVID-19, there is one emerging challenge that demands our attention – a significant increase in employee burnout. Employers need to realize that these changes are part of a “new normal” and have resulted in heightened levels of workplace stress. This is evident…
The Daily Compliance News on August 3, 2023, hosted by renowned Compliance Evangelist Thomas Fox, concentrated much of its focus on a recurring figure in the legal world: former President Donald Trump. In what has become a well-established pattern, new charges were lodged yet again against Trump. Tom Fox, recognized as the ‘Voice of Compliance’…
Global investment firm KKR has made a significant move in the Indian market by acquiring a majority stake in LEAP India, a pallet pooling platform, for a reported figure above $350 million. The legal matters in this transaction are being overseen by Simpson Thacher & Bartlett and AZB & Partners on behalf of KKR, while…
In recent legal events, the 9th Circuit Court of Appeals has confirmed the authority of the Environmental Protection Agency (EPA) to include narrative prohibitions in National Pollutant Discharge Elimination System (NPDES) permits. This ruling was made following a dispute put forward by the city of San Francisco, who disputed the EPA’s jurisdiction to impose narrative…
Leading figures in Michigan politics, Daire Rendon, a former Republican State Representative, and Matthew DePerno, an ex-Trump-backed attorney general candidate, have been charged following alleged efforts to tampering with the state’s voting machines. The charges come in the wake of the 2020 US Presidential Election and were delivered in Oakland County’s Sixth Circuit Court. The…
Hot on the heels of the latest state privacy laws to be enforced, Florida has taken the initiative to continue the momentum. On June 6, 2023, Florida Senate Bill 262 (“SB 262,”) was signed into law, which means a new set of data privacy conditions will soon become active. These recent developments in privacy legislation…
In a podcast featured on the Market Leader’s platform, David Ackert sat down with Koree Khongphand-Buckman, the Chief Marketing and Business Development Officer at Foley & Lardner LLP. The primary focus of their conversation was the exploration of data-driven marketing and business development in the legal industry. You can listen to the entire episode and…
In a notable development, the US Court of Appeals for the Ninth Circuit vacated a preliminary injunction, reinstating a Guam law that mandates an in-person consultation before proceeding with an abortion. The reinstatement is the result of an appeal from the US District Court for the District of Guam. The unanimous decision was authored by…
In recent legal developments, DarkOwl, a Denver-based dark web data service, and cybersecurity company has triumphed in a trademark dispute. The case against ArkOwl, a similarly named competitor, came to a conclusion when a federal magistrate judge in Colorado ruled that DarkOwl had not violated any of ArkOwl’s trademarks. Furthermore, the court validated DarkOwl’s own…