In recent developments, esteemed law firms Davis Polk & Wardwell and Winston & Strawn have revoked job offers for candidates connected to controversial statements on Israel and Hamas. The decision, it appears, is pressing other legal firms to respond promptly and judiciously, be it commenting on international matters, or severing relationships with prospective associates. As…
The United Nations (UN) human rights experts have urged Pakistan to abandon its announced plans to deport a significant number of Afghan individuals. Pressure from human rights entities has escalated since the interior minister of Pakistan, Sarfraz Bugti, publicized the deportation intention on October 3. If executed, this move may lead to the removal of…
In a recent development concerning US Senator Bob Menendez, his wife, Nadine Menendez, has pleaded not guilty to revised federal charges. These allegations suggest she was conspiring with her husband and an Egyptian American businessman to act as a foreign agent of Egypt. Additionally, these charges involve the receipt of hundreds of thousands of dollars…
A challenging legal case in the Eleventh Circuit Court has brought arbitration agreements and unconscionability under the spotlight once more. The recent decision in Payne v. Savannah College of Art and Design Inc. saw the Eleventh Circuit Court of Appeals affirm a district court order that denied a motion to compel arbitration of plaintiff Isaac…
On October 12, 2023, the global legal community observed an accelerated activity due to the implementation of price cap restrictions on Russian crude oil and petroleum products. The G7 and Australia, collectively referred as the “Price Cap Coalition”, issued a joint statement, which was shortly after succeeded by the issuance of a maritime advisory. Furthermore,…
In a significant move for the digital asset market, the state of California has enacted a comprehensive framework to regulate digital assets, titled the “Digital Financial Assets Law”. Until now, crypto companies have been operating in California without a license. However, this will change starting July 2025 with the introduction of this newly enforced legislation….
Legal tech startup Superlegal, known for its contract review platform, maintains its operational stance in Tel Aviv, despite the volatile conditions perpetuated by the recent Hamas attacks. Despite the challenges, the company’s Israeli team continues their operations remotely, as stated by Superlegal’s CEO and co-founder, Noory Bechor. Given these circumstances, about half of Superlegal employees,…
As we begin the final quarter of 2023, legal professionals across various industries are setting strategies to close the year on a high note and position for a successful 2024. The real estate lawyers at Greenberg Glusker are, for instance, reflecting on the year’s accomplishments and working closely with their clients to devise effective strategies…
In a year marked by significant shifts in the Chinese legal market, Shenzhen is emerging as a new locus of attention. Three international law firms have opened new offices in this thriving city, a noteworthy contrast to the reduction in presences seen in other established Chinese legal hubs such as Shanghai reported earlier this year….
News from the international trade sphere is shifting its gaze towards South America as chief negotiators from the Mercosur trade bloc and the European Union (EU) convened in Brasilia, Brazil earlier this month. The aim was to reopen discourses for achieving an inter-regional Free Trade Agreement (FTA). The decision to continue these talks follows the…
The Dubai International Financial Centre Authority (DIFCA) recently initiated a consultation with the goal to implement a new Digital Assets Law (DAL). This move also aims to update several current laws within the DIFC to acknowledge digital assets as a form of property. The consultation invites key stakeholders to proffer their insights and perspectives by…
The European Commission has recently launched a pair of consultations — one tailored and the other open to the public — aimed at gathering feedback from stakeholders concerning proposed modifications to the Sustainable Finance Disclosure Regulation (SFDR) regime. Detailed in a report from Skadden, Arps, Slate, Meagher & Flom LLP, the SFDR regime was originally…
The United Kingdom is in the process of drafting advanced legislation to govern the termination of payment service contracts, with the formal draft set to be introduced before 2024, according to a recent policy statement by the HM Treasury. The statement provides additional insights into the government’s approach to implementation, anticipated timeline and upcoming steps,…
The UK Parliament passed the Online Safety Bill (OSB) on 19 September 2023, an act that could have significant implications for United States and international businesses operating in the digital space. The primary objective of this bill is to safeguard individuals, particularly children, from detrimental online content. It mandates expeditious action in the removal of…
On October 17, 2023, key senior officials from some of the world’s most significant financial regulation bodies had a meeting to discuss a series of issues related to the resolution of a central counterparty. This information was revealed in a recent daily financial regulation update published on JD Supra. Among the participants of this important…
On October 17, 2023, the United Steel, Paper, and Forestry, Rubber, Manufacturing, Energy, Allied Industrial, and Service Workers International Union, AFL-CIO, CLC (collectively known as “USW”) filed a petition for the imposition of antidumping duties on truck and bus tires imported from Thailand. The petition was a significant move by USW that may potentially affect…
On October 17, 2023, a significant development unfolded within international tax law circles, as reported by the Registrar of Corporations for the Republic of the Marshall Islands. The announcement centered around the decision from the European Union’s (EU) Economic and Financial Affairs Council (ECOFIN) to remove the Marshall Islands from the EU list of non-cooperative…
In the recent edition covering July – September 2023, the Irish Quarterly Legal and Regulatory Developments report provided crucial updates for asset management and investment funds. This edition primarily covered matters such as UCITS & AIFMD developments, Central Bank developments, and other significant updates. The report is hosted at jdsupra.com, authored by Walkers. The developments…
In a considerable move concerning mergers and acquisitions, Deputy Attorney General Lisa Monaco has conducted a speech revealing the Department of Justice’s (DOJ’s) latest Safe Harbor measures in the sphere of the Foreign Corrupt Practice Act (FCPA). The announcement took place at the 2023 SCCE Compliance and Ethics Institute. The clarification on the DOJ’s position…
In an increasingly competitive and bustling online gaming industry, the successful operation of platforms such as Rival Games can hinge on not just their trade secret technology’s value, but also the public’s recognition of and loyalty to their brand. Hence, it is no surprise that trade secrets and trademarks play a pivotal role in the…
Kirkland & Ellis, the renowned global law firm, recently announced the addition of two highly respected finance lawyers to their firm, acting further to enhance the firm’s capabilities in debt financing and other complex financial transactions. According to Bloomberg Law, Ian Barratt and Sinead O’Shea have joined the firm as partners in London. Barratt comes…
The European Commission jump-started an urgent risk analysis by stakeholders across the public and private sectors by issuing a Recommendation on critical technology areas for the EU’s economic security on October 3, 2023. While comprehensive results from this assessment are slated for release in the coming months, preliminary indications suggest primary focus on four technological…
The Court of Appeal recently considered the case of Darty Holdings SAS v Geoffrey Carton-Kelly [2023] EWCA Civ 1135, a case that is of considerable interest to corporate law professionals worldwide. This case posed significant questions for insolvency law, specifically regarding the repayment of intra-group debt under section 239 of the Insolvency Act 1986. This…
Arkansas Attorney General Tim Griffin has ordered Syngenta Seeds, a subsidiary of China’s state-owned ChemChina, to divest its 160 acres of agricultural land within the state. This mandate originated from Arkansas’s Act 636 of 2023, termed To Amend the Law Concerning Ownership and Possession of Real Property, which curtails foreign possession of Arkansas’s agricultural lands….
Stephenson Harwood is expanding its team with an addition of eight new members from Ince Gordon Dadds in Greater China. The firm hopes that these new hires will allow them to work with a wider variety of clients based in mainland China, ranging from shipyards and traders to LNG operators. The team includes several high-profile…