In a recent unsettling development, The Hartford Life and Accident Insurance Company has announced a crucial data breach that has potentially affected thousands of customers. The announcement came in the form of a formal notice of data breach filed with the Texas Attorney General on August 7, 2023. As explained by Console and Associates, P.C.,…
The European Union has taken a freshly stringent stance on third-country subsidies, launching its new screening tool, the Foreign Subsides Regulation (FSR). This initiative introduces a new level of scrutiny within public procurement, demanding companies participating in notable public tenders within EU Member States to deliver significant information and incorporate potentially extensive review processes in…
In a recent case presided over by Manhattan Commercial Division Justice Melissa A. Crane, an infrequently-litigated question has been in focus – can a shareholder causing a derivative lawsuit face a countersuit individually? The case in question, Simon v FrancInvest, S.A. (2023 NY Slip Op 32422[U] [Sup Ct, NY County July 7, 2023]), has been…
In a significant move towards the future of spectrum management, the Federal Communications Commission (FCC) has adopted a Notice of Inquiry (NOI) dubbed “Advancing Understanding of Non-Federal Spectrum Usage.” The initiative relates to the growing use of wireless spectrum by non-federal entities which the FCC governs. This vast array of entities includes commercial users as…
In a noteworthy case for online businesses, the English Commercial Court has put forth a decision that may cause businesses to reconsider reliance upon arbitration clauses in standard terms. The case of Payward Inc. v Chechetkin resulted in the English Court refusing to recognise a US arbitration award based on public policy grounds, thus allowing…
Succession planning, a meticulous strategy for developing potential successors who can take over leadership positions, is gaining recognition as a critical process for businesses aiming for long-term sustainability and achievement. Considering the case from a legal perspective, succession planning can offer multifaceted advantages, further enhancing the standing of companies at the global level. When executed…
In the most recent episode of “The Ethics Expert“, legal professionals receive valuable insights from some of the best minds in the field of compliance. Guests Ilse De Vocht, Director of Compliance, and Germaine Huka, Global Ethics and Compliance Business Partner (Director) from the leading biotech company Galapagos, share their experience and perspectives on pressing…
John Fordham, prominent Stephenson Harwood partner and former head of commercial litigation, has died, aged 74. After a career spanning more than half a century at one of the United Kingdom’s leading firms, Fordham leaves a significant legacy and was amongst the longest-serving corporate lawyers in London. Fordham’s esteemed career of fifty years featured a…
On July 26, the Senate Banking Committee led by Senator Raphael Warnock (D-GA), chairman of the committee, conducted a hearing concerning “fees and tactics impacting Americans’ wallets” with a focus on financial services and the role of the Consumer Financial Protection Bureau (CFPB) in tackling harmful fees. An alarming finding is that a third of…
This week has seen noteworthy developments in the world of government contracting and commercial businesses, especially for legal professionals who closely watch policy changes and updates. A highlight of the week involves an on-going legislative effort that would significantly update the current Federal Acquisition Regulation (FAR). This initiative is spearheaded by the Department of Defense,…
For legal professionals serving corporations or working in law firms, understanding the intricacies of estate planning proves essential in a commercially driven milieu. A critical area to review regularly involves those estate plans created under different laws and circumstances. Professionals help clients anticipate future contingencies but the question arises as to how frequently these plans…
On July 28, 2023, an unexpected shift occurred in the mattress industry. A coalition of United States domestic producers and wholesalers of mattresses officially filed petitions with the U.S. Department of Commerce (DOC) and the U.S. International Trade Commission (ITC). Within these petitions, the coalition was seeking the imposition of antidumping (AD) duties on imports…
A longstanding disagreement concerning the celebrated “Fearless Girl” statue in New York City is set to be settled in court in April 2024. This dispute involves State Street Global Advisors Trust Co., a major asset management firm, and the sculptor behind the esteemed structure. The litigious contention has arisen over allegations of contract breach and…
In the fast-paced world of business transactions, understanding the complex intersection of technology and the law is crucial. This is made evident by the technology, outsourcing, and commercial transactions team of Morgan Lewis, who often find themselves advising clients involved in transactions where intellectual properties are being transferred. Typically, these involve corporate transactions, cooperation and…
In this week’s roundup of marijuana-related news, we delve into a series of noteworthy events, which have kept legal professionals both intrigued and engrossed. This includes everything from new legislative proposals and potential changes to existing marijuana laws, to the launch of a personal cannabis brand by a former Minnesota governor. This week’s debate in…
According to recent reports, the U.S Equal Employment Opportunity Commission (EEOC) filed a lawsuit on Sept.13, 2022 against Radiant Services Corp – a commercial laundry facility based in Gardena, Los Angeles. The allegations include discouraging and denying equal job opportunities to Black, Asian and white workers. The lawsuit details instances where Radiant Services may have…
The United Nations Commission on International Trade Law (UNCITRAL) concluded its 56th session in Vienna, Austria on July 25, 2023. This influential conference brought together legal scholars and practitioners from around the globe to discuss and shape the future of international trade law. According to the information provided by legal updates publisher JD Supra, numerous…
In an increasingly online commercial landscape, brands are facing significant challenges protecting their reputation and profit margins from unauthorized sellers. Prevailing on eCommerce platforms like Amazon, eBay, and Walmart, these unauthorized resellers peddle products without the company’s consent or approval, significantly undermining brand value and eroding profitability. A recent piece by Kohrman Jackson & Krantz…
In a recent court ruling by the US District Court for the Southern District of Texas, partial relief was granted to the Texas Bankers Association, Rio Bank, and the American Bankers Association (ABA) from compliance with the Consumer Financial Protection Bureau’s Final Rule. More known as the “Small Business Lending Rule Under the Equal Credit…
In a recent turn of events, the Supreme Court of the United States has decided to once again explore the boundaries of free speech and private business branding. The case in question, Vidal v. Elster, Case 22-704, is an appeal from the Federal Circuit centering around the application to register the trademark “TRUMP TOO SMALL”…
In what might be regarded as a significant development for the Michigan business environment, the Michigan Supreme Court passed a decision on July 31, 2023 in the case of Vectren Infrastructure Services v. Michigan Treasury. This verdict, with implications for both in-state and out-of-state businesses, ruled an out-of-state taxpayer could not diminish its tax by…
Understanding the typical commercial property claims process can be a daunting task, especially in the midst of an already stressful situation. Such circumstances often arise from a convergence of natural, human, or mechanical errors. It goes without saying that swift action is crucial not only to alleviate dangers posed to your employees and customers, but…
In a significant legal shakeup, the Supreme Court of Michigan has radically altered the premises liability law in the state and the associated open and obvious doctrine according to JD Supra. These changes, enacted on July 28, 2023, will have particular applicability in incidents regarding slips and falls. The decision in the case of Kandil-Elsayed…
Artificial Intelligence (AI) is rapidly producing an increasing number of generative AI products that are becoming commercialized on the market. These offerings demand a balance between swift implementation, technical competencies, and significant financial and legal deliberations for corporates seeking to integrate these solutions into their existing systems. Technology providers are concurrently pushing the boundaries of…
In an insightful discussion, Troutman Pepper White Collar and Legal Partner Cal Stein recently touched upon the role of the Racketeer Influenced and Corrupt Organizations Act (RICO) with regards to enforcing and collecting foreign arbitration awards. This conversation unfolds amidst a backdrop of increasing relevance and complexity in cross-border business and legal matters, warranting an…