In a pivotal moment within the ever-evolving landscape of cryptocurrency and securities law, Judge Jed S. Rakoff of the Southern District of New York issued a significant ruling in a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Terraform Labs Pte. Ltd and its CEO, Do Hyeong Kwon. On July 31, 2023,…
The complex dance of debt restructuring can often lead to veiled warfare on the corporate battlefield. When negotiations stagnate and goodwill evaporates, stakeholders are left with the task of navigating a constellation of challenging choices. Amidst these tough decisions, lenders can still flex considerable muscle thanks to the power bestowed by the voting proxy. Traditionally…
The US’s Office of Federal Contract Compliance Programs (OFCCP) has announced the final procedures for identifying and remedying discrimination in federal contracting, also known as the PDN rule, according to a recent report by Jackson Lewis P.C. The announcement was previewed by OFCCP Interim Director Michelle Hodge during her keynote remarks at the NILG 2023…
In the dynamic sphere of legal technology, securing company secrets has become increasingly paramount, especially in the unfolding era of generative artificial intelligence (Gen AI). In this context, many firms are turning a spotlight on their employment contracts to ensure stringent protection of their confidential assets. Last month, Kira Systems, an entity that specializes in…
Can a party establish a contract with itself? This intriguing question, one that might seem absurd when pondered in human terms, has been given serious consideration recently by the High Court. One might reasonably object, after all, that my left arm can hardly be expected to strike up a legally enforceable arrangement with my right….
In an unfolding legal scenario, Robinson & Cole LLP and a recruiter are seeking to prevent early victories in a breach of contract lawsuit. Both parties have requested this from a Connecticut federal judge. The law firm is disputing the recruiter’s interpretation of the contract while the recruiter argues that the firm is overlooking the…
In an ongoing development within the U.S. legal and political scene, Congressional Republicans are presenting a notably more concentrated emphasis on the procedures of gift and contract disclosures from international donors, specifically under the auspices of Section 117 of the Higher Education Act of 1965, 20 U.S.C. §1011f (hereafter referred to as “Section 117”). As…
The New York State Public Service Commission has recently enacted Public Service Law § 66-t, a new regulation that mandates energy brokers and consultants to be registered with the Department of Public Service. Further, these entities are also required to disclose to customers all sorts of compensations for brokers and consultants, including non-financial rewards like…
In recent years, the United Arab Emirates (UAE) has made significant strides in regulating and promoting electronic commerce (e-commerce) to foster digital transformation and keep pace with technological advancements. Federal Law No. 15/2020, also referred to as the Consumer Protection Law, and Federal Decree-Law No. 46/2021, known as the Electronic Transactions and Trust Services Law,…
In an era defined by rapid advances in technology, the legal landscape of corporations and law firms is shifting as digitisation permeates every facet of operation. The role of artificial intelligence (AI) in legal proceedings, in particular, is restructuring the traditional ways law firms work and how corporate legal teams navigate proceedings. One significant change…