In a significant development for international legal and corporate sectors, the Cyberspace Administration of China (CAC) recently released a draft of their new regulations concerning cross-border data flows. This revised set of rules known as ‘Provisions on Regulating and Promoting Cross-Border Data Flows’ was shared with the public on September 28, 2023, and has been…
It was recently announced that Katie Coltart, a celebrated name in cross-border intellectual property (IP) litigation, will be making the transition from Kirkland & Ellis to join the intellectual property team at Linklaters as a partner. The move reportedly is set to further bolster Linklaters’ global IP litigation services. With significant legal expertise spread across…
Jenner & Block, a prominent law firm, recently expanded its team in Washington, D.C., by adding Jonathan Skladany as a new special counsel. Skladany’s role will span the congressional investigations and government controversies and public policy litigation practices, as announced by the firm on Monday in their news update. Skladany’s professional background is steeped in…
Lately, the legal troubles of Sam Bankman-Fried have been casting a cloud over the success of his business endeavors. Accustomed to generating headlines for his financial achievements and philanthropic efforts, he now figures prominently in legal news, a shift marked by increasing criminal charges and lawsuits resisted in multiple jurisdictions. The young entrepreneur’s legal issues,…
The European Commission retreated on a previous decision to halt aid funding to Palestine due to the ongoing Hamas attacks on Israel, the decision was reversed late on Monday evening. Janez Lenarčič, the European Commissioner for Humanitarian Aid and Crisis Management, announced the retraction amid backlash from various European political figures. The initial suspension of…
After suffering a deadly terrorist attack from the Gaza Strip, Israel’s Security Cabinet declared a state of war on Sunday. The Israeli Prime Minister’s office released the news to the public, stating that the conflict was imposed on the State of Israel. The details can be accessed here. The authority for this declaration is rooted…
Senior technology lawyers are cautioning law firms, particularly those in Asia, against a wait-and-see approach towards adopting generative artificial intelligence (GenAI) technology. They note that law firms risk losing any competitive edge and being left behind in the rapidly progressing world of AI language models. While numerous international law firms are progressing with GenAI implementations,…
A recent ruling by the Michigan Court of Appeals has sparked discussions regarding the use and interpretation of electronic signatures in insurance policies. The case of Bronson Health Care v Esurance Property and Casualty Insurance Company, decided on September 28, 2023, has implications for many pending claims and is reshaping how underwriting departments handle policy…
In response to the escalating violence in Israel and Palestine, legal professionals of international law firms are exhibiting resilience and resourcefulness. Lawyers from firms with local offices, like Greenberg Traurig and CMS, are reportedly working remotely, ensuring the safety of their workforce. Greenberg Traurig, which operates one of the largest offices amongst international law firms…
The UK government’s appeal case concerning its Rwanda asylum policy commenced on Monday in the UK Supreme Court in a fresh and critical step in the country’s ongoing immigration initiatives. The case saw prolonged legal analysis, as the Home Office attempted to appeal the Court of Appeal’s decision in June that deemed the plan unlawful….
In recent news, the multinational corporation Albemarle has agreed to pay over $218 million to resolve investigations by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) concerning violations of the Foreign Corrupt Practices Act (FCPA). This substantial payment marks the end of a series of lengthy investigations into Albemarle’s involvement…
In an interesting development in the world of food advertising, a federal court in New York has dismissed a proposed class action case against two iconic fast food chains, McDonald’s and Wendy’s. The lawsuit alleged that both companies misrepresented the size of their burger toppings and patties in their advertisements, compared to what consumers actually…
In the ever-evolving landscape of international trade law, the Bureau of Industry and Security (BIS) has recently published a new set of best practice guidelines with the aim to prevent the diversion of high-priority items to Russia. The decision signals a follow-on to the quint-seal guidance issued last week. Considering the immense financial, legal, and…
The Stock Exchange of Hong Kong Limited (HKEx) publicized a consultation paper on the plans for GEM listing reforms in Hong Kong, on September 26, 2023. The GEM platform, or Growth Enterprise Market, was initiated in November 1999 to offer emerging growth companies an alternative capital formation method as opposed to the Main Board. Further…
The issue of bankruptcy has become a legal hotspot as prominent organizations, such as the International Longshore and Warehouse Union (ILWU), have filed for Chapter 11 bankruptcy protection. As per recent reports, this move is taken to stave off the continuous litigation with the Oregon affiliate of the International Container Terminal Services Inc (ICTSI). Public…
For employers in large corporations and legal entities in the Netherlands, understanding the remote work landscape is more critical than ever following the recent developments in the country’s legislature. In a significant move, the Dutch Senate rejected the ‘Work where you want Act’, resulting in several implications for employers’ policies regarding remote work. More about…
The newly appointed Director of the Financial Crimes Enforcement Network (FinCEN), Andrea Gacki, has discussed crucial elements of the Bank Secrecy Act/Anti-Money Laundering regulations at the Association of Certified Anti-Money Laundering Specialists (ACAMS) conference on October 3, 2023, held in Las Vegas, Nevada. The discussion touched on various aspects of widespread concern within the legal…
The Department of Treasury recently released a statement on the biannual meeting of the U.S.-UK Financial Regulatory Working Group. This group is comprised of officials from both countries, forming a collated effort to address critical themes, including economic stability, banking issues, non-bank sector developments, climate-related financial risks, international engagement, and digital finance. According to a…
In a classic display of the fluidity of the law, an intriguing shift has occurred within the confines of the English High Court. The protections typically provided to English law creditors have recently been weakened, as seen in a distinct departure from established case law concerning the Rule in Gibbs. This change came about in…
Amidst the rising violence in Israel and Palestine, the Greenberg Traurig law firm released a statement ensuring that its lawyers based in Tel Aviv are safe and have been working from home. Greenberg Traurig operates one of the largest offices among international firms in Israel, housing 19 lawyers in Tel Aviv. Notably, the city is…
The growing recognition of the climate change crisis has led to a surge in the demand for clean energy alternatives. Consequently, there’s been an increase in the manufacture and adoption of green technologies like wind turbines, solar panels, and electric vehicles. These technologies often rely heavily on minerals like cobalt, lithium, and nickel. The underwater…
In recent years, legal professionals worldwide have had to navigate the increasingly complex waters of corporate debt locales, specifically regarding businesses run in jurisdictions such as Hong Kong, Mainland China, Taiwan, and others. These entities often have beneficial ownership vested in shareholders of companies registered in the British Virgin Islands (BVI). Explore the topic further…
Imprisoned Iranian women’s rights activist Narges Mohammadi has recently been awarded the 2023 Nobel Peace Prize, a move that will strengthen her fight for women’s rights in Iran. The Nobel committee officially announced the decision, highlighting Mohammadi’s role within the “Women, Life, Freedom” movement and her status as an inspiration for Iranian women. Mohammadi has…
Harvey AI, an AI tool making waves in the legal profession, is seeing widespread adoption among top-tier law firms such as Allen & Overy, who are leveraging its innovative generative technology capabilities. So in demand is this technology, prospective users face a waiting list before they can embark on their Harvey journey. Among the recent…
Philip Culhane, a partner at Goodwin Procter’s Hong Kong office, has stepped down from his role to take up a new position as general counsel at Chinese healthcare investment firm, CareCapital Group. Law.Com International Edition reported. Culhane, who provides advisory on fund formations, joined Goodwin Procter in 2021 along with lawyer Elyn Xing. The duo…