The latest update on wealth management for August 2023 has been published by esteemed law firm Proskauer Rose LLP, marking significant alterations in the Section 7520 rate prevalent for estate planning techniques. According to the report, accessible here, the updated rate now stands at 5%, marking an upturn from the July 2023 rate of 4.6%….
As reported by JD Supra, the Department of Homeland Security (DHS) announced on August 1, 2023, the addition of three entities to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. This register is a consolidated listing comprising four separate lists required under the UFLPA’s section 2(d)(2)(B). The entities added to this list will face…
Drawing from the corporate-friendly tax scheme, the budding position as a venture capital investment hub, and a flourishing legal marijuana business, Denver is proving increasingly appealing to large law firms. In 2022 alone, there was an 8% rise in attorney headcount at NLJ 500 firms in the Metro Denver area, culminating in 2,310 lawyers. Furthermore,…
As artificial intelligence continues to infiltrate various sectors, the legal profession isn’t left behind. Emerging technologies like AI not only promise convenient solutions but also pose unique legal and ethical concerns. With law firms accelerating digital transformation, AI-informed marketing strategies are increasingly common, redefining how businesses build their brands and engage with prospect clients. On…
In the latest episode of Jewish Divorce Talk, host Eliana Baer and guest Morton Fridman, M.D. delve into the issue of narcissism and parental alienation within the observant Jewish community. Notably, both Baer and Fridman have witnessed an escalating trend of such behavior. Morton Fridman is a distinguished board-certified psychiatrist and psychoanalyst. Apart from maintaining…
In recent years, the governance of Cayman funds has become a topic of increased scrutiny, particularly in times of market turbulence. As various financial markets around the globe experience fluctuations, it’s essential for legal professionals to stay updated on how traditional governance principles may need to adapt to ensure effective oversight. Despite market disruption causing…
After conducting my research, I discovered an engrossing video podcast titled “Pawtastic Friends – The Paw Talk – Athena, Sable, Otis”. Hosted by Tom Fox, a Compliance Evangelist, the podcast introduces the audience to the commendable works of Pawtastic Friends co-founders, Michael and Melissa Novelli. For those unfamiliar, Pawtastic Friends is an organization dedicated to…
In the latest development in the legal tech sphere, Jennifer (Bantleman) Courchaine, Vice President, Customer Success & Global Support at EDRM Trusted Partner, Exterro, has sat down for an in-depth conversation with Kaylee and Mary for the 134th episode of the Illumination Zone. Jennifer Courchaine, who formerly held a position at Zapproved, spoke not only…
In a recent development in financial regulations, the Board of Governors of the Federal Reserve System has published a working paper titled “Can Measurement Error Explain Slow Productivity Growth in Construction?”. The key essence of the paper is to address and potentially rectify the perceived slow productivity in the construction sector. With a primary focus…
The evolution and complexity of the relationship between the United States and China, and the web of relations among China, the US, and US allies or partners, have always been managed, to some degree, through the use of export controls. Recent developments demonstrate that such controls remain instrumental in addressing various aspects of this relationship….
Amnesty International (AI) has reported a series of alleged war crimes in Sudan, amid tensions between the Rapid Support Forces (RSF) and Sudanese Armed Forces (SAF). The ongoing crisis has reportedly led to the deaths and severe injuries of thousands of civilians since the conflict commenced in April. The international human rights watchdog details how…
In an interesting turn of events, it appears that a hedge fund is not quite ready to abandon ship when it comes to Yellow Corporation. Yellow Corporation, a large North American transportation service provider, has had its fair share of economic struggles over the years. MFN Partners, the hedge fund in question, evidently sees a…
On July 26, 2023, the Securities and Exchange Commission (SEC) significantly shifted the landscape of cybersecurity accountability for public companies. The SEC convened an open meeting where it was decided to adopt final rules requiring the standardization of cybersecurity disclosures by public companies (JD Supra). These new rules mark a strict departure from the previous…
In a world where businesses generate and handle enormous volumes of data, privacy law compliance has become more critical than ever. This is especially true for companies operating in heavily regulated sectors such as financial services and healthcare. An ever-increasing complexity within the patchwork of state privacy laws has added another layer to this burgeoning…
An increasingly important tool in equitable remediation, the doctrine of unjust enrichment has deep roots in legal tradition stretching back to 1750 in the English case of Moses v. Macferlan when Lord Mansfield introduced this principle to the English legal system. Parallel to English tradition, by 1937, the United States Supreme Court had incorporated the…
British Rowing recently declared a policy prohibiting transgender athletes from participating in the Women’s Category. This announcement coincides with the launch of three new categories from September 11th: Open, Mixed, and Women’s. The policy outlines that only females assigned at birth have the eligibility to compete in competitions under British Rowing’s jurisdiction or be selected…
Today at 1 p.m. ET a panel titled “Demystifying AI for Legal Contract Review” will provide a substantive look into how one organization has successfully integrated AI technologies into their contract management mechanisms, and how other organizations may be able to emulate these effective strategies. Co-presented by LexCheck and Above the Law, the panel focuses…
The esteemed law firm, Bricker Graydon LLP, is moving forward with an informative initiative aimed at providing in-depth training for those engaged in higher education Title IX decision-making. The training is slated to take place on August 24th and 25th, with sessions running from 2:00 pm to 5:00 pm EST each day. The program will…
Canada has taken a significant step towards mitigating environmental risks associated with certain chemical substances. As reported by JDSupra, the Canadian government announced through a notice in the Canada Gazette on June 24, 2023, that it’s requesting information about approximately 850 different chemical substances. This information is being gathered with the primary objectives of prioritisation,…
On July 26, 2023, the U.S. Security and Exchange Commission (SEC) proposed a new set of rules affecting registered investment advisers and broker-dealers. As discussed in this JD Supra article, the proposed rules aim to handle certain conflicts of interest concerning the use of predictive analytics, artificial intelligence (AI), and other relevant technologies in dealings…
The US Department of Health and Human Services Office of Inspector General (HHS-OIG) recently issued a final ruling implementing its mandate under the 21st Century Cures Act to investigate allegations of information blocking among health IT developers and health information networks/exchanges (HIN/HIEs). Violations of this prohibition can lead to penalties as steep as $1 million…
Automotive dealers and their service partners need to take cognizance of key divergences between the California Consumer Privacy Act (CCPA) and recent state privacy laws intended to defend consumer information. These variations are evident in privacy enactments in Virginia, Connecticut, Colorado, and Utah – all of which broadly exempt financial institutions safeguarded by the federal…
In a recent advancement, the Occupational Safety and Health Administration (OSHA) has decided to restore and broaden an Obama-era requirement, compelling employers spanning dozens of identified industries to electronically submit their injury and illness forms. The reinstated rule, with additional expansions, targets workplaces with a minimum of 100 employees. JD Supra reported this update which…
In the era of information, data is an indispensable element of not only any organization but more crucially, their compliance function. The importance of this data’s integrity, accessibility, and security can hardly be overstated for a business to operate effectively and to ensure proper compliance. However, as digital landscapes continue to evolve and grow in…
On July 20, 2023, the U.S. Senate confirmed the appointment of David Uhlmann as the new Assistant Administrator of the Environmental Protection Agency’s (“EPA”) Enforcement and Compliance Division. The confirmation marks an interesting development in environmental justice enforcement efforts in the United States. Uhlmann brings a wealth of experience to his new role. Notably, his…