In a recent move, the European Parliament has passed a resolution against the decriminalization of prostitution. The decision to pass the resolution titled ‘Resolution of 14 September 2023 on the Regulation of Prostitution in the EU: its cross-border implications and impact on gender equality and women’s rights’ is seen as an extension of the member…
The Securities and Exchange Commission’s (SEC) Investor Advisory Committee is set to meet on September 21, 2023, with a noteworthy agenda at hand. For legal professionals tasked with anticipating and responding to regulatory changes, this will be a pivotal gathering that could pave the way for critical changes in the sector. Their agenda for the…
In a unanimous decision on Sept. 12, 2023, the Mexican Senate has approved a draft Decree to reform certain sections of the General Law of Commercial Companies (Ley General de Sociedades Mercantiles or LGSM). This revision is indicative of an evolving approach to corporate governance that incorporates technology and reflects the modern-day business environment. The…
In commercial litigation, it is a common occurrence for a company to nominate one of their employees as a witness to provide testimony on the design, capabilities, and features of the company’s products or services. Generally, such a witness provides statements as a factual witness founded on their personal knowledge under Federal Rule of Evidence…
Morgan Lewis & Bockius LLP is strengthening its legal team with the addition of a former deputy assistant director from the Federal Trade Commission’s (FTC) mergers division. Announced on Monday, this significant hire will see the ex-FTC official join the Washington, D.C. squad as a partner. This recent move is representative of the continual blending…
The North Carolina General Assembly’s recent one-day session ended in frustration, as anticipated votes on the final state budget proposal were disappointingly not brought to the floor. This outcome stood in stark contrast to the hopes that had been stirred during a House session the previous week. House Speaker Tim Moore (R-Cleveland) had previously stirred…
The upcoming NCAA conference realignment signals an altering landscape in college sports eerily reminiscent of Elbridge Gerry’s infamous 1812 re-drawing of Massachusetts senate districts. As the 2024 college football season fast approaches, the metamorphosis of 69 programs with an aggregated annual revenue of over $3 billion will unveil an unprecedented redistricting milestone in the sporting…
The Consumer Financial Protection Bureau (CFPB) has recently published an issue spotlight on the assessment of tap-to-pay technology, in the context of contactless point-of-sale (POS) purchases on mobile devices. The review expounds on the significant roles that mobile device operating systems have, via tap-to-pay technology, in an open banking ecosystem. This insightful directive delineates the…
In an ongoing analysis of financial performance within the legal sector, it has been observed that the average revenue per lawyer across the top 50 U.K law firms has decreased by a margin of over 2%. This information is gathered according to Law.com International’s recent U.K Top 50 rankings. The average revenue per lawyer at…
Upon the release of the Global 200 rankings each year, attorneys around the world gain insights into the standing of their firms on a global scale, as well as the broader performance of their regional legal markets over the past financial year. This week, the updated report will once again reveal the United States as…
Earlier this week, Bloomberg Information Services Limited (“BISL”) indicated in a statement an intent to halt publishing the Bloomberg Short-Term Bank Yield Index (“BSBY”). This proposition has come as a result of an assessment of commercial opportunities for BSBY. Produced as an alternative choice to the secured overnight financing rate (“SOFR”), BSBY had been widely…
California Attorney General Rob Bonta announced a $93 million settlement with Google, Inc. over allegations of the company’s violation of several provisions of the California Business and Professions Code (BPC) related to its location tracking practices. The practices in question pertained to the company’s statements and policies related to their use and collection of users’…
This week we provide an update on the latest happenings in the legalized marijuana world, focusing on three major stories: the vote by the Eastern Band of Cherokee Indians on cannabis sales, the ongoing developments in New York, and the current status in Alabama. The events of the past week reflect the continued tension and…
In the ever-evolving domain of legal practices, it is essential to keep abreast with the regulatory decisions and orientations. One institution demanding our close attention is the Federal Trade Commission (FTC or Commission). The recent public encounter led to a crucial dialogue involving juvenile consumer protection. Discontentment echoed around the prolonged silence of the FTC….
In what is tantalizing news for the legal and business sector, a mine potentially holding the world’s largest cache of lithium has been discovered in Nevada, within the McDermitt Caldera, on the border of Nevada and Oregon. As reported initially by JD Supra, the lithium reserve in question is speculated to hold between 20 and…
In a significant development prior to the summer adjournment in July, the French Senate passed legislation granting in-house counsel the right to legal professional privilege for written advice. It should be noted that this legal shield is only applicable to advice in relation to commercial, civil, and administrative legal matters. However, the legislation still requires…
The UK legal landscape witnessed some significant upheavals during the past week. A Kazakh paper recycling company changed the course of their investment dispute against their CEO and the litigation funder, Harbour Fund. In another instance, a real estate company founded by Axiom’s former chief was implicated in a breach of contract claim. Noted street…
Artificial intelligence (AI) is positioned to revolutionize health care, with data serving as the pivotal resource to propel this transformation. As detailed in an article by Foley & Lardner LLP on JD Supra, Health AI startups have recognized a unique opportunity in forming collaborations with health systems and hospitals. This cooperative venture has the potential…
Despite relatively infrequent interactions with anti-boycott regulations amid companies engaged with international trade, the issue undoubtedly presents itself on occasion. Anti-boycott rules were first introduced under the Export Administration Act of 1979 (the ‘Act’) with the aim to safeguard U.S. commercial practices as well as foreign policy. Although the Act might be less discussed, it…
The California Department of Financial Protection and Innovation (DFPI) recently unveiled its final regulations that set prohibitions for providers of commercial products and services, hereinafter referred to as “covered providers”. According to these regulations, the covered providers are forbidden from engaging in unfair, deceptive, or abusive acts or practices (UDAAP) that are in connection with…
On January 1, 2021, Congress passed new legislation, known as the Corporate Transparency Act (CTA), as part of the Anti-Money Laundering Act of 2020 within its yearly National Defense Authorization Act. The purpose of the Act is to mandate certain corporate entities to report vital information about their stakeholders, executive management, and the individuals responsible…
In a developing story in employment and labor law, particularly concerning Sunday premium pay, a recent judgment in Massachusetts Appeals Court has significantly impacted beauty and massage spas. Specifically, the case, Chapoteau, et al. v. Bella Sante, Inc., et al., has determined that spa operators have an obligation to pay their employees premium rates for…
On September 6, 2023, the U.S. Food & Drug Administration (FDA) announced the release of three draft guidance documents proposing updated recommendations for the 510(k) program. The documents are aimed at keeping pace with current complexities cropping up due to rapidly evolving technology. According to the FDA website, any person intending to market a Class…
The second week of September brought crucial developments to the legal landscape involving Government Contracts and Commercial Businesses. Cinching the spotlight, the Department of Defense (DOD) faced a wake-up call with a pivotal report from the Government Accountability Office (GAO) regarding its service contracts. In a report submitted on September 7, 2023, The Government Accountability…
In July, just before lawmakers went on summer break, the French Senate passed a bill that would extend legal professional privilege to written advice provided by in-house counsel. It’s worth noting that this legal shield will only apply to advice pertaining to commercial, civil, and administrative legal matters. However, before it can come into effect,…