Recent developments in international space law and policy have prompted Akin to launch a quarterly newsletter, named the International Space Law and Policy Update. The inaugural edition of this newsletter, as well as the concurrent biweekly updates, aim to provide insight into the developments that could shape the future of space business and exploration. The…
As the digital world continues to evolve and intersect with the physical, esports and college football are finding themselves becoming unlikely partners. Mixed-use developments are emerging as a symbiotic ecosystem where both can thrive. An article recently published by Kohrman Jackson & Krantz LLP on jdsupra.com delves into this fascinating development. The blending of college…
As the year winds to a close, a significant deadline looms for broadcasters. On December 1, 2023, all licensees of commercial and noncommercial AM, FM, full power TV, Class A TV, and Low Power TV stations are obliged to turn in their Biennial Ownership Reports. These reports, denoted as FCC Form 323 for commercial stations…
On October 30, 2023, the White House issued an Executive Order to steer the safe, secure, and responsible growth and deployment of Artificial Intelligence (AI) technologies. The decree acknowledges the remarkable potential of AI’s commercial applications and advancements, along with the risks and harm potentially originating from misuse. With this move, the government underscores the…
In an unanticipated turn of events, Taco Bell recently managed to secure a significant victory over the trademark rights of the ubiquitous phrase “TACO TUESDAY”. The fast-food chain, known for its Mexican cuisine, has publicly declared its intent to nullify all exclusive trademark rights over the phrase. This move represents not only a substantial corporate…
Renowned international law firm, Cooley LLP, has recently announced a bespoke virtual series known as “AI Talks”, a series dedicated to highlighting multidisciplinary perspectives on artificial intelligence and offering in-depth insights on large language models, machine learning, and AI technology. The series is especially known for showcasing the firm’s profound subject matter knowledge in legal…
In today’s interconnected digital landscape, the stakes for data protection have never been higher, particularly for government contractors and commercial businesses who handle sensitive data. Accordingly, compliance with cybersecurity requirements is of paramount importance, and these standards are evolving quickly. In a recent development, the Federal Acquisition Regulation (FAR) Council laid out a proposed rule…
In a significant development, the U.S. Environmental Protection Agency (EPA) could mandate additional examinations and clean-ups related to Per- and polyfluoroalkyl substances (PFAS) at properties that were already considered remediated. This information comes from a conversation between Sarah Mattalian, an Inside EPA reporter, and an EPA official, highlighting the agency’s deepening commitment to managing the…
Important changes to Ohio’s Commercial Activity Tax (CAT) are set to bring additional opportunities for business growth in the region. Under a bill recently signed by Governor DeWine, companies subject to the CAT will receive a significant tax break beginning in 2024. This measure could result in savings of over $15,000 in 2025 alone according…
Florida’s Construction Lien Law, F.S. 713.001 et seq., is preparing to undergo significant amendments. Effective as of October 1, 2023, these revisions will impose several crucial changes about which contractors operating in the state ought to stay informed. The legislation has been comprehensively reviewed and revised by the legislative body in Florida. While the full…
On October 20, 2023, a fundamental shift in corporate governance occurred with the publication of a Reform Decree. It modified several provisions of the General Law on Commercial Entities The major change brought about by the decree is the authorisation for Shareholders’, Partners’ and Board of Directors’ meetings to be conducted remotely via electronic means….
The United States Internal Revenue Service (IRS) is reportedly pivoting its focus towards high-income taxpayers, corporations, and partnerships – a notable change in the agency’s audit priorities. This comes amidst growing concerns about tax evasion and abuse of tax rules within these segments. To address this, the IRS has formally announced a shift in its…
In a major legal development related to consumer rights and anti-discriminatory practices, the Federal Trade Commission (FTC) and the Wisconsin Department of Justice recently announced a settlement with a major Wisconsin auto dealer group. The settlement follows a lawsuit brought under the FTC Act, the Equal Credit Opportunity Act (ECOA), the Wisconsin Deceptive Trade Practices…
In the midst of a rapidly evolving environment marked by shifts in privacy laws and a surge in related litigation, renowned member of the defense bar, Sean M. Buckley, underlines the urgent need for the corporate sector to assess their compliance. This call to action is, in large part, a reaction to the rising tide…
Does a lender have the right to foreclose its mortgage if a payoff of such mortgage is made by wire transfer, yet the payment fails to land in the lender’s account? This is a question recently addressed by the New York Supreme Court Appellate Division, Second Department (the “Court”). The case in question hinges on…
In a recent legal development which interests many of our readers, a Rhode Island federal district court decided not to enforce a stand-alone class action waiver in a consumer’s automobile lease agreement, calling it a violation of the state public policy. The case in question was Metcalfe v. Grieco Hyundai LLC. The case saw legal…
Bankruptcy trustees and receivers managing distressed commercial real estate entities have a new precedent to consider. The California Second District Court of Appeal recently ruled in the case of Breanne Martin v. Leslie Gladstone, potentially influencing the receivership and bankruptcy industries. This case emerges during a timely period as bankruptcy proceedings and receiverships, especially for…
On October 24, a final ruling concerning regulations implementing the Community Reinvestment Act was issued by the three major governing bodies of the United States banking system, namely the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (FDIC). This report…
The Ohio Supreme Court is currently considering whether insurers are obliged to indemnify Sherwin-Williams Co., the paint manufacturer which, along with others, was found liable in a $409 million public nuisance case over lead paint. Lawyers on both sides have expressed concerns over the potential wider implications of the forthcoming decision. Earlier this week, the…
In the past week, U.K’s legal scene has been abuzz with a number of significant lawsuits. Among the highlights, a London-based venture capital firm has levelled accusations of commercial fraud against defunct crypto lender Celsius and its CEO. Adding further intrigue, law firms Wiggin and Reynolds Porter Chamberlain face a lawsuit lodged by a man…
In an advisory letter, Texas Attorney General Ken Paxton underscored existing state laws that prevent the government from entering contracts with entities which discriminate against energy and firearm companies or boycott Israel. The letter serves as a word of caution for any such organizations that might be contemplating entering into such contracts,according to reports. While…
The legal world is constantly evolving, and nowhere is this more apparent than in the intricacies of real estate law. Yet one upcoming hybrid event seeks to unpack these complexities: The 2023 Real Estate Rendezvous. The compelling event will take place on November 2nd in Chicago, IL and is being proudly hosted by Jenner &…
The Court of Appeal of the State of California Fourth Appellate District has reversed the Trial Court’s decision of granting an anti-SLAPP motion based on the Commercial Speech Exemption in BioCorRx, Inc. v. VDM Biochemicals, Inc., Case No. G061535. It held that representations or statements made by a company or person for promoting goods and…
Standard Chartered, a multinational bank, has announced the appointment of its new general counsel for its global corporate, commercial and institutional banking division, as well as its Europe and Americas regions. Samallie Kiyingi, the newly appointed counsel, will be based in Singapore and will take over the role from the current group GC, Sandie Okoro….
In recent times, the landscape of real estate financing has seen considerable shifts due to economic fluctuations. As reported by JD Supra in a recent article “Real Estate Financing in Today’s Economy: The Advantages of Starting Negotiations Early”, there have been various changes in this sector that legal professionals involved in real estate laws should…