As digital privacy continues to concern consumers worldwide, new legislation in Delaware aims to enhance the level of protection consumers receive with respect to their personal data. Delaware Governor John Carney recently signed the Delaware Personal Data Privacy Act into law. According to reports, this new piece of legislation will become effective on January 1,…
Bermuda is potentially set for a significant shift in its corporate income tax landscape, as the jurisdiction contemplates the adoption of a novel corporate income tax structure by January 1, 2025 or later. This change is spurred by the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) Pillar II global…
In a significant development in the food industry, fast-food workers in California are anticipating a potential increase in their pay following some pivotal amendments and negotiations over the 2022 Fast Food Accountability and Standards Recovery Act (“AB 257”). The amendments were made possible through the efforts of California Governor Gavin Newsom and a consortium of…
The US Department of Labor recently released round 4 of their FAQ’s pertaining to Labor Condition Applications (LCA’s). Amidst the topics covered, one notable subject that emerged was the consideration of new, unintended job locations in relation to H-1B, H-1B1, and E-3 workers. The associated concerns have become increasingly apparent due to the evolution of…
Employers worldwide would do well to keep an eye on changes in U.S. healthcare legislation, given the new adjustments announced by the Internal Revenue Service (IRS) related to the Affordable Care Act (ACA). Particular attention should be paid to shifts in what is deemed ‘affordable’ under ACA legislation, given the potential for significant financial penalties….
Earlier today, another significant stride in the regulatory sphere of the U.S. legal landscape came into focus. The Securities and Exchange Commission’s (SEC) Private Fund Adviser Rules have been officially published in the Federal Register. True to the form of all federal regulations, this publication kickstarts the countdown to the Rules’ compliance dates. Of particular…
In an increasingly globalized world, the legal complexities corporations face often go beyond the borders of a single jurisdiction. One such complex issue revolves around the determination of insurance coverage for claims involving events or occurrences that took place in a different state than where the insurance policy was delivered. This scenario becomes common for…
In May, the Institutional Limited Partners Association (ILPA) introduced its long-anticipated guidance on Continuation Funds. As reported by King & Spalding on JD Supra, this highly awaited guidance comes as a response to Limited Partners (LPs) who have become progressively dissatisfied with the timeframes and economics involved in these complex transactions. Continuation Funds are a…
Despite relatively infrequent interactions with anti-boycott regulations amid companies engaged with international trade, the issue undoubtedly presents itself on occasion. Anti-boycott rules were first introduced under the Export Administration Act of 1979 (the ‘Act’) with the aim to safeguard U.S. commercial practices as well as foreign policy. Although the Act might be less discussed, it…
In a recent legislative response tied to the Brexit fallout, UK authorities have proposed eliminating the 1.5% stamp tax charge on issues, and certain transfers, of securities to depositary receipt systems and clearance services (or their nominees). Up until now, this tax obligation has been set to come back into force on the 1st of…
In the realm of international law, air carrier liability provisions continue to undergo rigorous evaluations. Dating back to the inception of air travel technology, international conventions dictate the course of air carrier liability. Fundamentally, two primary regimes have carved noteworthy roles in this business: The Warsaw System and The Montreal Agreement. In 1919, we started…
The Cayman Islands Monetary Authority (CIMA) has issued updated Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation Financing in the Cayman Islands on August 30, 2023, following industry consultation. These Updated Guidance Notes supersede the previous version delivered by CIMA on June 5, 2020, which were later complemented in…
New York State is on the verge of implementing wage transparency laws that are aimed at benefitting employees across the state. Effective September 17, 2023, employers operating in the state, with a workforce of four or more, will be required to adhere to the new legislation. The law mandates that all job, promotion, or transfer…
Global firms with a presence in Asia-Pacific countries are set to grapple with a new layer of technical complexity regarding cross-border e-discovery. On September 27th, 1:00 pm – 2:00 pm EDT, a webinar will highlight the challenges unique to this region, particularly with regards to Chinese, Japanese, and Korean language data sets and cross-border privacy…
Employers using restrictive covenants, particularly noncompetition agreements, face potential liability due to a new law set to take effect in California on January 1, 2024. According to JD Supra, this law, Senate Bill 699, recently signed by Governor Newsom, may put employers at risk, even if an employee entered into such agreements outside California, in…
In a notable development within the intersection of art, technology, and intellectual property law, an artwork created with the aid of Artificial Intelligence (AI) has been denied copyright protection. Last year, Jason M. Allen’s AI-assisted artwork, Théâtre D’opéra Spatial, won first place at the Colorado State Fair, a prestigious recognition in the world of creative…
In a step forward for international arbitration, the United Nations Commission on International Trade Law (UNCITRAL) adopted a Code of Conduct for Arbitrators in International Investment Dispute Resolution on 21 July 2023, during its 56th annual session in Vienna. The adoption of this Code signals a refinement in practice and approach for international arbitrators. Notably,…
The deadline is swiftly nearing for space licensees who are holders of Federal Communications Commission (FCC) satellite or earth station authorizations. According to a recent report, their annual regulatory fees must be paid by September 20, if the satellite was authorized and operational, or the earth station was authorized on or before October 1, 2022….
The U.K. Financial Conduct Authority (FCA) is undergoing a review of procedures and policies concerning the treatment of Politically Exposed Persons (PEPs) within regulated financial services firms. This review emerges from an obligation under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, urging these firms to conduct enhanced due…
European and American corporations are bracing for a new era of data privacy standards, following the unveiling of the EU-US Data Privacy Framework. This latest development has gained considerable traction in legal circles, as it attempts to fill the significant regulatory gap left by the annulment of its predecessor, the Privacy Shield. As detailed by…
In July 2023, the Australian Competition and Consumer Commission (ACCC) unveiled its draft guidance for businesses making environmental and sustainability claims. This Draft Greenwashing Guidance is directed towards setting the best practices under the Australian Consumer Law (ACL), indicating how businesses operating in Australian territories can circumvent incidences of greenwashing. Named the Draft Greenwashing Guidance,…
The Northern Ireland Troubles (Legacy and Reconciliation) Bill is slated to obtain Royal Assent1 thereby finalizing its transition into UK law, following the conclusion of its Parliamentary passage on Tuesday. However, the Bill’s content has not been spared from widespread criticism. The Bill reached the level of its initial reading in the Parliament in May…
In a compelling decision from Colombia, the Consejo de Estado – Columbia’s highest administrative court – nullified key resolutions regarding renewable energy auctions. Involved in this case are the 570/2018 Decree and Resolutions No. 40791/2018 and No. 40795/2018 all from Colombia’s Ministry of Mines and Energy. This noteworthy ruling was published on September 8, 2023…
Amnesty International has recently taken a stand on the plight of climate activists in Mexico. In a report published last Wednesday, the organization takes specific aim at the “disproportionate use of criminal law,” terming it as one of the biggest barriers to peaceful protest in defense of land, territory and environment in Mexico. The report…
In a recent ruling, the U.S Court of Appeals for the Federal Circuit reaffirmed its stance that amendments to claims during an inter partes review (IPR) proceeding should not broaden the claim’s scope in any regard, in comparison to the original claims. This rule holds true even if the new claim is generally narrower than…