In a recent move, DLA Piper has hired renewables partner, Luke Westmore from PwC, marking the second legal heavyweight exiting PwC this month. Reports confirm that Westmore will be part of DLA Piper’s projects and infrastructure team in Sydney. With a commendable track record of 15 years in the industry, Westmore specializes in large-scale renewable…
AstraZeneca’s cancer drug Calquence, has weathered a significant challenge by dodging a review by the Patent and Trial Appeal Board (PTAB). Calquence, a pharmaceutical drug that has accounted for more than $2 billion in sales for AstraZeneca the previous year, is clearly a high-valued asset for the international pharmaceutical company. The legal confrontation had commenced…
Major law firm Vinson & Elkins have decided to make it mandatory for its workforce to spend a minimum of four days a week in the office. The policy appears to be a widespread movement and is not only limited to the firm’s New York office but is also implemented across its international offices, including…
CMS Cameron McKenna Nabarro Olswang LLP continues to bolster its corporate tax practice with the recent hire of a tax expert from Brabners LLP. The new hire, whose name was not released at the time of this reporting, will join the company as a partner based in their Manchester, U.K. office. The move is seen…
The future of the Structured Finance Spectrum in the summer of 2023 continues to evolve, with noteworthy developments making an impact on the international structured finance markets in both the U.S and the UK. A comprehensive analysis of the structured finance scenario as published by JD Supra, sheds light on the significant trends and challenges…
In an unprecedented development in Canadian law, Alberta has introduced a new tort of harassment, as detailed by JD Supra. This new tort was established by the Alberta Court of King’s Bench during the proceedings of Alberta Health Services v. Johnston (Alberta Health). The decision and scale of adoption by other Canadian provinces remain speculative…
The landscape of foreign trademark infringement has experienced a significant shake following the U.S. Supreme Court’s end-of-term decision in Abitron v. Hetronic. It has presented new challenges for brand owners and courts who are struggling to understand the implications of the ruling and how it affects the application of the federal Lanham Act in global…
Consumer data privacy has taken center stage in recent years, particularly fueled by increasing oversight of tech companies and growing public concern. Yet, the landscape of federal policy-making in this area has been relatively sparse. As common ground emerges in the realm of bipartisan policymaking, significant developments are expected at the state level as it…
In an increasingly complex international landscape, the Canadian government has broadened its scope of sanctions in response to the recent events in Eastern Europe. These new measures specifically target Russia, Belarus, and the separatist territories located in Ukraine. Notably, this decision follows the Russian invasion of Ukraine in August 2023, marking another significant development in…
The U.K. Financial Conduct Authority (FCA) has taken steps to underscore its endeavors towards fostering productivity among financial entities in the region. This progress is laid out in a published statement that discusses the FCA’s approach to backing the ‘key drivers’ of productivity and its commitment towards fulfilling its new secondary objective. This new objective…
Ever since the United States Customs and Border Protection (CBP) designated intellectual property rights (IPRs) as a priority trade issue, the agency has seized billions of dollars in counterfeit goods. According to the JD Supra report, in 2021 and 2022, CBP seized counterfeit goods worth $3.3 billion and $2.98 billion respectively. In the light of…
On May 17, 2022, a California federal judge granted Mayer Brown LLP an attorney fee award amounting to $2.5 million. The legal giant’s receipt of this substantial sum follows the firm’s successful litigation against a New Jersey-based company operative in waterworks and fire protection. The company, whose name has not been disclosed, was found guilty…
The U.K. Financial Conduct Authority (FCA) has recently published their final guidance in a bid to elucidate the regulatory perimeter for trading venues and the necessary regulatory approvals required for them to operate their business. This focus on clarifying the regulatory landscape follows the rise of new platforms that are continuously emerging due to technological…
In a noteworthy shift of legal attitudes, Singapore International Commercial Court (“SICC”) recently assessed the extent to which an arbitral tribunal can exclude evidence after a specific date. As the legal saying goes, arbitral tribunals have long been considered the masters of their own procedures. However, this latest judgement proposes some limitations. The case tackling…
The European Union’s Foreign Subsidies Regulation (FSR), which was adopted in late 2022, came into effect as an action to counteract competitive distortions instigated by foreign subsidies in the EU internal market. The mandate of the regulation is to establish an equitable business environment for EU companies, which have previously been subjected to stringent EU…
In the world of class actions, distinct variations occur around the globe. These collective litigation procedures have been instrumental within the United States for decades, but their prevalence elsewhere varies greatly. Major legal players in the global arena, such as the European Union, approach class action litigation differently. Even within the United States, the landscape…
In the face of transforming global financial standards, Guernsey has emerged as a promising hub for investment funds and other investment vehicles. The island has ensured its attractive position, not only through its tax-neutral environment, but also through strict adherence to taxing and regulatory norms that meet international standards. This briefing takes us through Guernsey’s…
On 23rd June 2023, the European Union implemented another package of economic sanctions against Russia, further expanding the existing financial constraints on the nation. The 11th sanctions package is unique in its specificity, as it widens the prior financial limitations that apply to investment funds as well as their managers, administrators, and other service vendors….
In an era of rising cross-border transactions and heightened threats to national security, the Office of Foreign Assets Control (OFAC) has become an essential element in the U.S government’s arsenal. With a focus on identifying, tracking, and blocking financial transactions associated with criminal enterprises, terrorist activities, and other threats, OFAC has consistently shown its growing…
In a recent judgement that will be of interest to legal professionals, the Delaware Chancery Court upheld a waiver of fiduciary duty under a stockholders’ agreement where the plaintiffs were deemed sophisticated and not compelled to participate. The ruling further solidifies the case law on fiduciary duty waiver under Delaware corporate law and its implications…
The United Nations Framework Convention on Climate Change (UNFCCC) has established a new approach to acknowledging and regulating voluntary climate change commitments by non-state entities. Referred to as the Recognition and Accountability Framework, its goal is to boost transparency and accountability surrounding these commitments. The UNFCCC announced the Framework at the Climate Change Conference in…
On August 7, 2023, the Food and Drug Administration (FDA) published a draft guidance document, dubbed Registration and Listing of Cosmetic Product Facilities and Products: Guidance for Industry (informally known as “The Draft Guidance”). This move reflects an intent by the agency to define its current perspectives on facility and product registration requirements, as per…
In the latest episode of Talking Ag Biotech, Keith Matthews and Chris Wozniak were joined by a new guest, Kimberly Reynolds of Wiley’s International Trade Practice. The central topic of their discussion was the current U.S. Canada-Mexico Agreement (USMCA) Genetically-Engineered (GE) corn trade dispute. This situation has come about as a result of Mexico’s decision…
The escalating stakes in Sino-American relations are under the global spotlight, as both Washington and Beijing ramp up their trade policies, often justifying them under the banner of national or economic security. Notably, the political risks for U.S.-based businesses remain significantly elevated, given that both governments are poised to impose new export restrictions and increase…
In what may become a significant case in the corporate legal sector, international law firm Clyde & Co is set to face the Solicitors Disciplinary Tribunal (SDT) over alleged breaches of anti-money laundering regulations. The information was revealed by Law.com. Reportedly, along with the firm, a former partner has also been referred to the UK’s…