Under a new benchmarking program initiated by the New Jersey Board of Public Utilities (BPU), beginning October 1, 2023, reporting energy and water use will soon be a requirement for substantial commercial property owners. All owners or operators of commercial properties over 25,000 square feet in New Jersey will need to log their energy and…
In the pursuit of a carbon-neutral future, every industry faces considerable challenges, and aviation is no exception. Large commercial aircraft are responsible for approximately three-quarters of this sector’s carbon dioxide emissions. The concept of batteries light enough to power these immense vehicles over lengthy distances is still far off in the distant future. And even…
News has emerged that the Federal Trade Commission (FTC) is enforcing Section 8 of the Clayton Act once again. This marks the first time in over 40 years that the commission has done so. Section 8 of the Clayton Act specifically deals with interlocking directorates among competing businesses, especially referring to boards of directors of…
The US Court of Appeals for the Ninth Circuit recently overturned a district court’s decision, dismissing trademark declaratory judgment claims. They ruled that pre-enforcement commercialization activities could, in fact, serve as a basis for establishing personal jurisdiction. This decision came in the case of Impossible Foods Inc. v. Impossible X LLC, case number 21-16977. Judges…
In a recent development within American legal jurisprudence, a significant case pertaining to copyright law has caught noteworthy attention from across the industry. The case involves the American Society for Testing and Materials (ASTM) and has seen involvement from an array of ‘amicus curiae’, commonly known as ‘friends of the court’. The US Court of…
AGG’s Restructuring Roundup newsletter for September 2023 provides a comprehensive digest of key updates on legal matters impacting commercial litigation and bankruptcy. This monthly compilation features both published articles and news, along with original input from AGG’s acclaimed team of Bankruptcy, Creditors’ Rights, & Financial Restructuring attorneys (Arnall Golden Gregory LLP). The newsletter presents a…
In an effort to bring the legal perspective to the forefront of commercial real estate discussions, Lowenstein Sandler LLP has introduced a podcast titled ‘Terra Firma: Conversations on Commercial Real Estate’. The hosts, Stacey Tyler and Stephen Tanico, are set to cover an array of topics pertinent to real estate investors, professionals, and business people….
All radio and television broadcast stations, both commercial and noncommercial, have a significant obligation approaching next year. By October 10, 2023, these stations must prepare and lodge key documentation to comply with Federal Communications Commission (FCC) requirements. These must include a detailed list of critical issues affecting their communities of license, alongside programs aired in…
The complexities and mechanics of building damage assessments, particularly with regard to heating, ventilating, and air-conditioning (HVAC) systems and equipment have always remained central to the discourse of property loss claims or forensic property assessments. This prominence is especially noticeable with focus on residential and light commercial properties, where these system components are frequently installed…
In a recent ruling, the Internal Revenue Service (IRS) has denied tax-exempt status to organizations formed to provide opportunities for student athletes to monetize their “name, image and likeness,” commonly referred to as “NIL”. This decision shakes up the fledgling industry built around NIL rights, the financial interests of which have gained growing attention in…
The doctrine of Accounts Stated is a cornerstone of commercial law. It dictates that if a business fails to object to an invoice or statement within an appropriate timeframe, this could result in the business, or individual, being liable for that amount, even if it was not technically owed. However, there exist important exceptions to…
Legal professionals should consider recent changes impacting the field of maritime arbitration in the United States. Although these modifications do not solely regard maritime cases, they serve as a significant reminder that U.S. maritime arbitration is a subset of a widespread, mature body of law that corresponds broadly to international and commercial arbitration. Blank Rome…
Law firms across Asia are increasingly feeling pressure to seek out mergers, motivated by competitiveness against both foreign and domestic players. One particular Malaysian firm, Rosli Dahlan Saravana Partnership (RDS), is actively looking for a local partner that could elevate the combined firm as among the largest in Malaysia, according to senior law firm partners…
The legal profession, encompassing insurance and litigation, has long been dominated by men. However, a shift in focus is coming onto the radar with the upcoming “Women in Insurance and Litigation Conference” scheduled for October 26th in New York, NY, striving to acknowledge and amplify women’s roles in these fields. The conference organizer, Perrin Conferences,…
In recent legislative updates, on September 12, 2023, the European Commission proposed an amendment to the EU’s rules on tackling late payments in commercial transactions. This move is set to revise and potentially replace the Late Payment Directive (EU Directive 2011/7/EU). The Commission’s overarching objective with this proposal is to temper the considerable effects late…
In what could be described as a rather tumultuous day for Donald Trump’s legal team, New York Supreme Court Justice Arthur Engoron levied a harsh critique against the defense counsel, resulting in a fine of $75,000. This sanction, administered against attorneys Chris Kise, Michael Madaio, Clifford Robert, Michael Farina, and Armen Morian, is seen to…
Odds are that businesses involved in any kind of manufacturing or sale of physical products will be impacted by developments in legislation or case law involving per- and polyfluoroalkyl substances (PFAS). This is a matter that calls for close attention from legal professionals working in many of the world’s largest corporations and law firms, as…
In a move bound to stir controversy within the financial sector, federal regulators are on the brink of forcing regional and mid-sized banks to issue billions of dollars in long-term debt. A measure poised as a safeguard to prevent further bank failures, the implications of this regulation could be substantial and potentially detrimental to the…
In recent legal news, a significant judgment in the High Court provides clarity regarding the “Distressed Disposal” provisions (DD Provisions) within LMA-based intercreditor agreements (ICA). Distressed Disposal Provisions, often prevalent in ICA, have been a point of contention among stakeholders, primarily because of their uncertain interpretations across various legal settings. However, this recent development, as…
In a recent development in commercial tenancy law, the Massachusetts Supreme Judicial Court (SJC) released its decision on the Cummings Properties, LLC v. Hines case on September 25, 2023. This decision overturned the previous verdict of the Appeals Court, reinforcing the enforceability of a liquidated damages clause in commercial leases. Based on the court’s ruling,…
In a significant development for businesses, the California Legislature has recently passed a duo of laws that will mandate climate-related disclosures from a vast swathe of commercial entities. The two new statutes, Senate Bill (SB) 261 and SB 253, mark the latest push by lawmakers to prioritize climate-related transparency in corporate dealings. The laws, set…
In a recent development that might significantly affect commercial and multifamily residential property owners throughout Colorado, an introduction of new energy reduction mandates is coming into play. These policies, coupled with their associated costs and deadlines, could potentially put extra strain on Colorado’s already strained real estate industry. This report highlights the emerging risks and…
In a move designed to bolster commercial space launch operations, the United States Federal Communications Commission (FCC) has recently approved a Report and Order (Order) that amends access to the 2200-2290 MHz band spectrum and revises spectrum licensing rules. This was reported by legal firm, Wiley Rein LLP. The FCC’s new order will significantly enhance…
In an ever-evolving corporate landscape, fostering a culture of ‘speak up’ has become increasingly pertinent. A key to building such culture lies heavily in the proficient application of triage and investigations within firms. A recent podcast series presented by compliance expert, Thomas Fox, with Case IQ offers valuable insight into precisely that. Fox, in conjunction…
Scheduled for November 2nd – 3rd in New York City, the eagerly anticipated Hybrid Event: Understanding Intellectual Property License 2023 offers a valuable opportunity for legal professionals to expand their knowledge on intellectual property (IP) licensing agreements. The course aims to provide comprehensive insights into the basics as well as practical aspects that prove crucial…