In the rapidly changing landscape of financial regulation, legal professionals are likely to find much substance in the latest reports from some of the world’s leading authorities. Significant updates are available concerning global finance laws, many of which are becoming more pertinent in transnational corporate decision-making on a daily basis. One such document comes from…
Reporters Without Borders (RSF) has made a public call requesting the immediate release of Samira Sabou, a detained journalist from Niger. Sabou’s detention was confirmed by local Niger news outlet, Air Info, detailing that the journalist was arrested at her home on September 30 under unexplained circumstances. Abdoul Kader Nouhou, Sabou’s husband, recounted a troubling…
In a bid to maintain its status as a leading player in international arbitration, the UK Law Commission (“the Commission”) has released its final report, suggesting reforms for the Arbitration Act 1996 (“the Act”). You can find the detailed report here. The Commission’s recommendations are not aimed at a complete overhaul of the legislation but…
In a recent development in Australia’s trade mark legislation, it has become possible for owners to register their well-known brands as ‘defensive trade marks’ pertaining to specific goods and/or services. This application is applicable even in scenarios where there is no intent from the brand owner to use the mark for those respective goods and/or…
The rapid acceleration of technological advancements, particularly with artificial intelligence (AI), has inevitably led to considerable legal implications and debates across internationally recognized jurisdictions. As such, both businesses and legal professionals are required to fully understand and prepare for this evolving landscape. Allen & Overy LLP in an insightful analysis highlights the recent impact of…
In a recent development, it appears the Russian government may be seeking to compensate aviation leasing companies for expropriated aircraft and engines. The situation arose as numerous U.S. leasing corporations were affected when Russia seized their aircraft and engines amidst a global sanctions regime imposed due to the ongoing Ukrainian war. The sanctions, spearheaded by…
As the London legal market continues to be a crucial part of global expansion strategies for international law firms, real estate strategy in this vibrant city is witnessing a transformation. The focus is shifting towards procuring high-quality office spaces with fewer square footage, as evidenced by recent law firm office leasing transactions in the city….
New York-based sports private equity firm, Dynasty Equity, has procured a minority stake investment in Premier League football club, Liverpool F.C. The investment, reportedly valued at around £150 million, is said to be geared towards aiding Liverpool’s owner, Fenway, reduce bank debts accrued during the COVID-19 pandemic. As a firm, Dynasty Equity primarily focuses on…
In recent news, the Australian law firm Slater & Gordon has undergone significant changes in leadership following its acquisition by the private equity investor, Allegro. Although the full article detailing the specifics of the transition is unfortunately paywalled, a brief summary of the publicly available information is provided here for legal professionals interested in global…
CMS, an international law firm, is set to mark its presence in the Saudi Arabian capital, Riyadh, securing the necessary license from the Ministry of Justice. The firm’s expansion in Saudi Arabia follows its recent global growth, including new collaborations in Mexico, Brazil, and Mozambique. As CMS continues its remarkable expansion journey around the globe,…
Rajat Rana endured a significant homecoming when transitioning his investment treaty arbitration practice from Alston & Bird to Selendy Gay Elsberg over the summer. His early legal endeavors were rooted in the New York office at Quinn Emanuel Urquhart & Sullivan, many years prior to Selendy Gay’s founders discreetly departed Quinn to create their one-office…
As legal professionals engaged in global corporations and law firms, your awareness of international tax developments is critical. It’s important that we examine an issue recently gaining momentum and largely impacting the tax world: The IRS’s crackdown on perceived ‘abusive trust arrangements’. To provide some widespread perspective, recent government actions hint that both third-party promoters…
On Saturday, 30th of September 2023, further UK and EU sanctions are set to tighten the restrictions on the import of iron and steel products of Russian origin. This move, bureaucratized by top-tier law firms both in the EU and UK, seeks to apply more pressure to Russia’s robust iron and steel sector. This new…
Earlier this week, a lawsuit was filed by Foley & Lardner against Am Law 50 recruiter, Mark Bruce International. The focus of the suit is to reclaim the fee paid for the placement of a partner who left the firm within three months of his start date. As part of the filings in the New…
In the realm of large corporations and international law firms, understanding and managing risk is a crucial day-to-day task. From decision making to strategy formulation, and conducting everyday operations, risk encounters are part and parcel of the business landscape. A recent piece on JD Supra thoroughly outlines these procedures. Risks, ubiquitous for all business entities…
Antitrust has been a focal point of legal discourse this September. As reported by JD Supra, the UK Competition and Markets Authority (CMA) has recently published its much anticipated guidance on horizontal agreements. This important document elucidates how CMA will implement the UK prohibition on anti-competitive agreements, particularly those concluded between actual or potential competitors….
Last week, a titanic event unfolded in the legal sphere involving Albemarle Corporation, a specialty chemicals manufacturer based in North Carolina. The public company settled to pay a monumental sum exceeding $218 million in light of ongoing investigations spearheaded by the U.S. Department of Justice (DOJ) as well as the Securities and Exchange Commission (SEC)….
Eastman Kodak Company, the US based imaging technology company, on September 28, 2023, filed antidumping duty (AD) petitions targeting Aluminum Lithographic Printing Plates from China and Japan, and a countervailing duty (CVD) petition on the same product from China. This strategic move by Eastman Kodak marks a significant moment in the international legal landscape surrounding…
The US Department of Commerce’s National Institute of Standards and Technology (NIST) has finalized rules to advance the national security measures put in place under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act. For those in the legal profession, particularly those specializing in intellectual property and national security matters, these guidelines will provide a…
Albemarle Corporation (Albemarle), a North Carolina-based specialty chemicals manufacturing company, recently reached a resolution with the Department of Justice (DOJ) and Securities and Exchange Commission (SEC), agreeing to pay over $218 million. The hefty settlement comes in response to Foreign Corrupt Practices Act (FCPA) investigations that originated from alleged kickbacks in Vietnam, Indonesia, and India….
The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) has released a set of best practices aimed at preventing specific high-priority items from inadvertently being shipped to Russia. Published amidst growing international tensions, these guidelines are pertinent for corporations and legal professionals alike involved in global trade. The guidelines focus on nine products…
In a notable case exemplifying how the Foreign Corrupt Practices Act (FCPA) applies in non-foreign contexts, the Securities and Exchange Commission (SEC) arrived at a settlement with Exelon Corporation and its subsidiary, Commonwealth Edison Company (“ComEd”) on September 28, 2023. The agreement was based on charges alleging that ComEd had for several years participated in…
In a closely watched development, the U.S. Department of Labor is heading towards the implementation of a new regulation related to the classification of “Employee or Independent Contractor” under the Fair Labor Standards Act. This comes nearly a year after the department first issued its proposal for the regulation. However, as anticipated, the proposed rule…
Since taking office in 2021, the Prime Minister of Japan, Kishida Fumio, has been known for his quest to pioneer “a new form of capitalism”. A significant part of his vision is rooted in the creation and implementation of a “national strategy” aimed at the expansion of Japan’s digital economy in the age of Web…
In the continuing fallout from the Siegel case, the United States Supreme Court has agreed to take a fresh look at a topic of immense pertinence to the legal and corporate world alike. The court is set to review the United States Trustee’s appeal from the Tenth Circuit Court of Appeal’s decision that the Office…