South African law firm Bowmans is bolstering its private equity practice with a new partner hire, Zingisa Motloba, who brings with him two decades of experience from roles at notable organizations like Mercedes, Eskom and the South African Bureau of Standards. While the finer details of this strategic move remain under wraps due to paywall…
International law firm Reed Smith has become the target of a £20 million claim from a sanctioned shipping client, Virgo Marine. The shipping company was sanctioned by the US Office of Foreign Assets Control in 2022 for its involvement in arranging “vessels for the storage and transportation of Iranian petrochemicals”. It is not yet clear…
In a significant recent development, Microsoft Corp.’s proposed acquisition of Activision Blizzard Inc., valued at $69 billion, has received approval from the UK competition watchdog. This clearance has removed one of the last major global regulatory obstacles preventing the completion of what is set to be the gaming industry’s largest ever deal. The transaction had…
Leading law firms – Linklaters, Clifford Chance, White & Case, Jones Day, Hogan Lovells, and Taiwanese law firms Lee & Li and Tsar & Tsai Law Firm – have represented international powerhouses Mitsui & Co and Northland Power Inc in the arrangement of a significant joint venture. The venture involves the creation of a $6.5…
In an environment where law firms are optimizing their lateral hiring process, extensive due diligence is becoming a requirement in Asian markets. This includes thorough research beyond simply reviewing a résumé and making a few phone calls, as recent problems have arisen from inadequate vetting of candidates. With several cases coming to light of law…
Earlier this month, the United Kingdom announced the operation of a new “data bridge” to the United States. The scheme, established on October 12, provides a compliant route for UK-outbound transfers of personal data to U.S. organizations that are members of the EU-U.S. Data Privacy Framework. This new avenue offers a credible extension to existing…
In examining the legal landscape for September 2023, international trade commission (ITC) developments present several notable talking points. The ITC has seen recent modifications in its scope of authority, particularly concerning the evaluation of infringement claims. At the forefront of this discourse is a case categorized as ‘Certain Outdoor and Semi-Outdoor Electronic Displays, Products Containing…
A former immigration coordinator employed by Fragomen LLP has received a professional ban after sharing confidential client details on social media platforms, namely Twitter, along with the contribution of inappropriate comments. As reported on Law360, the punishment was announced by the Solicitors Regulation Authority last Thursday. The individual in question previously occupied a role at…
New Zealand’s K3 Legal has set its sights internationally with the initiation of its first overseas presence through an association with a local practice, Fred Kan & Co, in Hong Kong. Harmonizing with its existing clients in mainland China, Hong Kong, and Australia, the firm recognizes complementary elements which made Hong Kong a strategic choice…
The Consumer Financial Protection Bureau (CFPB) recently released an update to its Supervisory Highlights, focusing on “junk fees” in the areas of deposits, auto servicing, and remittances. This, dubbed the “Junk Fees Update Special Edition”, provides insights from the Bureau’s examinations that occurred between February and August 2023 and marked a continuation of its effort…
The establishment of a business operation in the United Kingdom by a foreign corporation involves numerous considerations with regard to laws, taxes, and administrative requirements. This note provides an outline of these particulars as they currently stand, catering specifically to foreign corporations looking to expand their operations into the UK. When establishing a business operation,…
The Kingdom of Saudi Arabia has enacted a new Civil Code that underscores its commitment to inviting the international business community into its jurisdiction. One component that merits close attention, especially for project owners, contractors and service providers across the energy, construction and infrastructure sectors, is the newly implemented liquidated damages regime. Article provided by…
On Wednesday, the United Nations Human Rights Council established an independent international fact-finding mission in Sudan according to a resolution they issued. This resolution is a response to almost six months of continuous armed conflict in Sudan between two military factions: the Sudanese Armed Forces (SAF) and Rapid Support Forces (RSF). In September, more than…
Winston & Strawn, a biglaw firm, has recently exercised its right to revoke a job offer extended to Ryna Workman, a law student from New York University (NYU), following her statement supporting Hamas attacks as “necessary”. The topic has ignited a discussion on freedom of speech, the rights of private firms, and the extent to…
In a recent ruling that carries weighty implications for multinational corporations, the Supreme Court of New York, New York County denied a renewed motion to dismiss filed by glove manufacturer Steel Grip Inc. (SGI). The relentless company had based its dismissal plea on the grounds that it lacked any significant connection to the State of…
Legal professionals and international trade experts are in for a riveting discourse as Braumiller Law Group Senior Counsel Bruce Leeds is set to kick off a monthly webinar series regarding Hot Topics in International Trade Compliance. The first presentation, aptly titled “When is an Assist Not an Assist?”, is scheduled on November 2nd,11:30 am –…
In a recent development, an appeal from Wall Street Journal reporter, Evan Gershkovich, who has been held for over six months on espionage allegations, has been dismissed by a Russian court. This decision implies Gershkovich will remain in pre-trial detention. As reported by Russian state-affiliated news outlet TASS, the court examined the appeal against the…
The reaction among leading law firms to the recent Hamas attack on Israel has varied considerably. Amid a backdrop of collective silence, Winston & Strawn was notably outspoken in its stance, issuing its first public statement since the attack took place. The statement followed controversial remarks made by an incoming associate. The associate, a student…
In September 2023, Euronext, the pan-European stock exchange and market infrastructure provider, announced the imminent launch of a series of ESG (Environmental, Social, and Governance) tools and initiatives that put a heavy emphasis on sustainable finance. Notable among these plans is Euronext’s intention to publicly disclose the non-financial data of its issuers via its website….
In this September 2023 Trade Law update, we bring your attention to a number of critical matters affecting international trade and supply chain law. The report, published by Husch Blackwell LLP, covers multiple important updates. Read the full update for detailed information on each topic. The following summary highlights the key areas of interest: An…
In the contemporary global legal landscape, the subject of Artificial Intelligence (AI) discrimination is increasingly gaining momentum and warranting scrutiny. A prime example of this is the impending EU Artificial Intelligence Regulation, which aims to establish a comprehensive framework regulating the use of AI systems. Under this upcoming regulation, acts of discrimination and discriminatory bias…
Baker Donelson has once again demonstrated its commitment to expanding its professional ranks with the recent addition of Daniel Rodgers as a shareholder in its financial services transactions group. This high-profile capture not only secures an experienced professional but also reinforces Baker Donelson’s commitment to expanding its client services. Rodgers, whose office will be located…
On September 29, 2023, the Canadian Radio-television and Telecommunications Commission (CRTC) issued its first two decisions regulating online broadcasting companies. These decisions will significantly impact many online businesses in Canada. Notably, it mandates that such entities register with the CRTC. This ruling not only encompasses video and audio streaming services but also social media services….
Law.com International reports that general counsel are increasingly under pressure to manage AI risk within their organisations, even as regulators globally race to define the rules of engagement. In the U.S., AI regulation is considered to be in an early stage. Lawmakers have engaged tech executives in dialogues, and several bills directed at controlling the…
Mariel Dimsey, secretary-general of the Hong Kong International Arbitration Centre (HKIAC), has announced her decision to step down from her position, a role she assumed only 14 months ago. The announcement happens days before the Hong Kong Arbitration Week, which is scheduled to take place from the 16th to the 20th of this month. Dimsey,…