On September 21, the Inaugural U.S. Partnership for Global Infrastructure and Investment (PGII) Investor Forum took place, as co-hosted by Secretary of State Antony Blinken and Secretary of the Treasury Janet Yellen. This significant meeting comes in the wake of President Joe Biden’s formal launch of the PGII during the 2022 G7 Leaders’ Summit. The…
The People’s Republic of China (PRC), known for its controversial use of TikTok, has been identified as a supporter of threat actors that have relentlessly targeted U.S. based companies and government bodies, as well the governments of Japan. These revelations communicated in a Joint Advisory published on September 27, 2023, by the National Security Agency,…
In an evolving arbitration landscape, law professionals globally are focusing their attention on the upcoming reforms to the UK Arbitration Act. Notably, the energy sector is bracing itself for these changes, as arbitration remains the default method for resolving cross-border energy and natural resources disputes. With London regularly serving as the seat of such arbitration…
In a recent turn of events, Emigrant Bank (“Emigrant”), a U.S.-based financial establishment reputed as the oldest bank in New York City, has been caught up in the continued enforcement push of the Office of Foreign Assets Control (OFAC). On September 21, it was reported that Emigrant had chosen to settle by paying a seemingly…
In an intriguing case that emphasizes the critical role the Secretary of State plays in governing foreign entities’ ability to conduct business, a change in judicial judgment was recently observed. As per Section 1312 (a) of the Business Corporation Law (BCL), international corporations, partnerships, and limited liability companies authorized to take ‘affirmative part in doing…
Recent developments have revealed that further steps are being taken in data privacy with the UK agreeing to an extension for the transfer of personal data to the US. This development comes on the back of the establishment of the EU-US Data Privacy Framework (DPF), which was set up in July 2023. This extension is…
An enforcement action concerning the Clean Water Act and PFAS (Per- and polyfluoroalkyl substances) has recently been registered in Michigan’s Kent County 17th Judicial Circuit. On September 11th, the Michigan Attorney General (AG) lodged a lawsuit against the Gerald R. Ford International Airport Authority (“Airport Authority”) in Grand Rapids, Michigan. According to the AG’s allegations,…
In recent months, a burgeoning trend has been spotted wherein substantial UK-based companies are venturing towards listings on US stock exchanges, such as the New York Stock Exchange (NYSE) and Nasdaq. This development, seemingly at the expense of the London Stock Exchange (LSE), potentially adds a new dimension to international capital markets. One of the…
In the latest episode of the “ILN-telligence Podcast”, Lindsay is met by professionals in maritime and aviation law from Acumum Legal & Advisory, Malta, Geraldine Spiteri, and corporate law associate, John Navarro. Both professionals have offered their insights on prevailing trends in compliance, sustainability, as well as projections of what’s to come for these fields…
On September 28, 2023, Eastman Kodak Company, the Petitioner, filed a petition for the imposition of antidumping duties on Aluminum Lithographic Printing Plates from China and Japan. Additionally, it called for the imposition of countervailing duties on the same goods originating from China. Antidumping duties are additional tariffs imposed by the importing country on goods…
With the rapid growth of Artificial Intelligence (AI) in various sectors, the world of Biglaw is not far behind. Evidence of this comes from a comprehensive 2023 tech survey recently released by the International Legal Technology Association (ILTA). The survey includes valuable input from 532 law firms representing around 155,452 attorneys. A striking revelation in…
The U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) has announced plans to extend the initial reporting deadline for the Corporate Transparency Act (CTA), as reported by the JDSupra. Details uncovered reveal that FinCEN has published a Notice of Proposed Rulemaking on September 27, 2023, aiming to modify the final Beneficial Ownership Information (“BOI”)…
For legal practitioners within the travel and accommodation industry, a new development concerning “drip pricing” has been observed. In a recent case, Choice Hotels International, Inc., one of the most prominent hotel chains globally, was cited for employing “drip pricing,” a practice described as omitting mandatory fees from advertised room rates. This omission, which subsequently…
In the wake of the COVID-19 pandemic, the shift towards remote work has accelerated significantly. This was a trend already on the rise as new technologies made it possible for employees to operate outside of traditional office spaces. Interestingly, spaces such as co-working environments and home set-ups have become common workplaces. This shift has undeniably…
In 2019, a stark warning was issued by the Organization for Economic Cooperation and Development (OECD): automation technology advancements expected within the subsequent 15 to 20 years would fully eliminate 14% of the world’s jobs and substantially alter another 32%. The gravity of these projections lay in the fact that they would have had a…
The latest developments in the arena of cross-border disputes between the US and Latin America indicate a trend of increasing complexity. In recent years, there’s been a growing number of legal cases that delve into the intricate dynamics of arbitration and the enforcement of awards and judgments in the United States, as major law firm…
Restaurant chain Chipotle faces a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) following allegations that a manager attempted to remove a Muslim employee’s hijab. The manager is also blamed for not scheduling the Muslim employee for work shifts, as initially discussed by Law.com Radar. Chipotle, a well-known player in the fast casual…
Patricia Walsh, formerly the General Counsel at Stripe, has been appointed as the new Executive Vice President and General Counsel for the American International Group Inc. (AIG) according to an announcement made by the firm on Thursday. This change takes effect in December. This appointment is a shift in leadership structure for AIG, occurring following…
In a recent publication from Holland & Knight, their monthly defense news update, the noted law firm brings a comprehensive briefing about the latest happenings in defense policy, regulatory frameworks, and other significant developments that could have significant implications. Although the full text of the article is not available, the title and meta description provide…
In the concluding part of a series examining the Build-to-Rent (BTR) system, industry professionals discuss crucial aspects of constructing investment structures related to new BTR assets in Australia. In the significant mutation of the Australian property market, BTR has emerged as a reflective trend. Despite the opportunities, it brings with it various challenges that long-term…
In today’s increasingly connected business landscape, safeguarding key assets such as critical employees and proprietary information is paramount for multinational corporations and global law firms alike. Legal measures, including non-solicitation, non-compete, and non-disclosure agreements, are often employed as protective mechanisms. However, as corporate law continues to evolve, particularly around the application and enforcement of non-compete…
In a concerted effort to counteract Russian export control evasion tactics, a group of five countries: the United States, United Kingdom, Australia, Canada, and New Zealand, have issued joint guidance to industry and academia. This group, colloquially known as the “Export Enforcement Five” or “E5”, aims to aid in the identification of potential export evasion…
Disagreements between a taxpayer and the International Revenue Service (IRS) are sometimes unavoidable, and in such cases, the Tax Court often has the responsibility to step in. This has become evident in a recent case remanded for re-calculation due to four errors in deficiency amounts, relating to the tax years of 2003, 2004, 2005, and…
On September 14, 2023, the U.S government designated five Turkish companies as out of line with U.S sanctions against Russia, causing increased concern for multinational corporations and law firms alike. As reported by JDSupra, the news might not be as unexpected given that Washington had been cautioning the Turkish government and its businesses for several…
The UK government is one step closer in solidifying its stance on data sharing between the UK and the US, and has presented regulations to establish a UK-US data bridge before Parliament. Known officially as the ‘UK Extension to the EU-US Data Privacy Framework’, this proposition greenlights the flow of personal data from the UK…