Reed Smith Secures Victory for Brazilian Weapons Manufacturer in Bolivian Bribery Case

In an ongoing legal dispute, Reed Smith, Miami-based litigation firm, has procured a victory for Brazilian non-lethal weapons manufacturer, Condor. Condor was sued by the Bolivian government, the claim stating that the Brazilian company was complicit in a bribery scheme through a third-party vendor. The scheme was allegedly maintaining the production of tear gas and…

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Biden’s Judicial Nominees Aim to Restore Balance Amidst Polarized American Judiciary

The judiciary, once believed to be a neutral branch of government, now finds itself swinging more frequently, ostensibly due to recent behaviour demonstrated by the YOLO Court, which now seems to disregard stare decisis and respect for Congressional intentions. As a result, key issues such as healthcare access, gun ownership, and civil rights are becoming…

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Navigating the Complex Intersection of Fundamental Research and National Security

In recent times, the intersection of fundamental research and national security has attracted attention and changes in legislation. The gravity of this subject was recently explored in an article published on JD Supra. According to the JD Supra report, the National Center for Science and Engineering Statistics (NCSES) states that the U.S. research universities’ scientific…

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Legal Professionals Embrace Radical Reinvention for Fulfilling Career Paths

With the resilience and intelligence that come with being legal professionals, it is not uncommon for attorneys to contemplate drastic shifts in their career paths. From changing practice areas to transitioning between transactions and litigation, the desire for radical reinvention is common, especially amongst those who find themselves perpetually dissatisfied with their jobs as reported…

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Canada Revenue Agency Shakes-up Insurance Intermediary Taxation with GST/HST Notice 325

In July 2023, the Canada Revenue Agency (CRA) released a critical document: GST/HST Notice 325. This Notice pertains to services provided by certain insurance intermediaries and puts into effect a key shift in how the CRA approaches the taxable status of commissions and other considerations made payable to insurance intermediaries. This change notably impacts Third…

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Shift in SBA Guidelines Impacting Small Business Subcontracting for Mentor-Protégé Joint Ventures

Recent regulatory adjustments by the U.S. Small Business Administration (SBA) have led to a shift in how large businesses can accrue small business credit for subcontracting to their own mentor-protégé joint ventures (MPJVs). The final guidelines put forth by the SBA stipulate that, when a substantial federal prime contractor issues subcontracts to its own MPJV,…

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Surging Cyberattacks on Governments: S&P Global Ratings Warns of Credit Risk to Municipal Bonds

State and local governments are increasingly becoming targets of cybersecurity attacks. There has been a notable increase in these cyberattacks with a 95% surge targeting the government sector worldwide in the second half of 2022, compared to the same period in the previous year. This rise in cybersecurity threats has raised concerns from various stakeholders,…

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SEC Proposes Stricter AI Regulations for Broker-Dealers and Investment Advisers

In a notable regulatory shift, the Securities and Exchange Commission (SEC) is proposing new rules aimed at supervising the use of Artificial Intelligence(AI) technologies by broker-dealers and investment advisers. According to a report shared by Dechert LLP, these proposed regulations focus on mitigating potential conflicts of interest in interactions between these entities and their investors….

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UK Climate Change Committee’s 2023 Report: Urging Government Action towards Carbon Reduction Targets

The UK Climate Change Committee (CCC), a non-departmental public body advising the UK government on emissions targets, recently released its 2023 report evaluating the nation’s efforts towards reducing greenhouse gas emissions and meeting carbon reduction targets. The release of this report is a statutory requirement under the Climate Change Act, and it offers a comprehensive…

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European Court Upholds Sanctions Against Russian Billionaire Timchenko Despite Claims of Dissociation

In a recent ruling, the European Court of Justice (ECJ) dismissed an appeal by Gennady Timchenko, a Russian billionaire and close ally of President Putin, to re-evaluate the sanctions placed against him. Timchenko landed on the European Union’s sanctions list following the 2022 Russian incursion into Ukraine. Known for his significant role in the energy…

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HHS Faces Lawsuits as Pharmaceutical Giants Challenge Medicare Drug Pricing Negotiations

The United States Department of Health and Human Services (HHS) finds itself on a potential legal minefield following the announcement of the first ten drugs covered under its Medicare Part D price negotiation program. Pharmaceutical giant, Novartis, threw down the legal gauntlet last Friday, making it the seventh drugmaker to contest the program. It is…

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