In the evolving world of Cannabis Mergers and Acquisitions (M&A), industry professionals face unique challenges. One such challenge lies in handling valuation disputes and post-closing adjustments, a commonly occurring issue during cannabis M&A. A CLE-accredited live webinar hosted by the International Cannabis Bar Association is set to address these issues on October 24th, from 12:00…
With the international business landscape becoming increasingly complex, corporate legal professionals should be aware of the regulatory requirements associated with operating in varying jurisdictions. One such jurisdiction is Israel, where the obligations for social security for businesses are particularly notable. Entrepreneurs and businesspersons who are interested in conducting business operations in the state of Israel…
In a landmark ruling on September 6, 2023, the Georgia Supreme Court reiterated that Georgia courts are required to first adjudicate if a restrictive covenant is enforceable under local Georgia law prior to applying a foreign choice-of-law provision. This has significant implications, especially for multi-national corporations operating in Georgia and relying on restrictive covenants to…
In a landmark development, the California Court has chosen to adopt the Caremark Standard for oversight claims. This decision outlines the standard for plaintiffs presenting derivative claims based on an alleged failure of supervision by directors and officers of Californian companies. The decision has significant implications for legal professionals within large corporations and law firms…
On December 13, 2022, the Securities and Exchange Commission (SEC) announced changes with respect to the monitoring of non-GAAP (Generally Accepted Accounting Principles) financial measures in SEC filings. The SEC issued seven new or revised Compliance and Disclosure Interpretations (C&DIs) focusing on these financial measures. You can find further details on this here. This shift…
The UK High Court on Wednesday started to examine a total of 16 legal challenges leveled against the newly enacted Northern Ireland (Troubles & Reconciliation) Act. Largely issued by relatives of victims, these revendications come in the wake of the Act achieving legal status on Tuesday, post gaining official Royal Assent. Gavin Booth, a legal…
The week spanning September 11th to September 15th, 2023, has seen various vital guidelines and tax-related matters emerge from the Internal Revenue Service (IRS). The report from McDermott Will & Emery provides all the relevant weekly update for legal professionals, especially those working for large corporations or law firms. Details of the new IRS guidelines…
The English Arbitration Act of 1996 has long been a cornerstone in affirming London’s position as one of the busiest arbitration venues globally. As the Act closes in on its 30-year anniversary, a consideration for reform is on the horizon. This proposed modification, albeit regarded as ‘light touch,’ could bear significant implications for legal professionals…
In a recent judgment dated September 6, 2023, Judge M. Miller Baker of the U.S. Court of International Trade (CIT) has clarified a significant point concerning the Administrative Procedure Act (APA) cases and the court’s residual jurisdiction. The judge confirmed, in three distinct legal disputes, that the tool of reliquidation is indeed an available remedy…
As legal professionals navigate high-pressure environments characterized by long working hours, the dream of work-life balance seems puzzling. However, you need not sacrifice personal aspirations to soar in your legal career. Peerpoint, an extension of the international law firm Allen & Overy, has been facilitating lawyers globally to interweave commendable careers and fulfilling lives. This…
International law firm Linklaters, which last year reported a gross revenue of $2,350,490,000, placing it at No. 16 in the Global 200 ranking, has announced it will be reducing the number of its employees in its three China locations. The news follows earlier predictions by attorneys and staff within the legal profession who anticipated further…
The geopolitical tension seems to be on the rise as the United Nations General Assembly (UNGA) holds its 78th annual gathering this week. The agenda holds a global resonance as top leaders and diplomats from across the world convene intending to address the most pressing international concerns. The concurrent forum necessitates a dialogue on non-traditional…
In a recent development in the realm of data privacy, Delaware has become the twelve state to ratify data privacy legislation. The Delaware governor, John Carney, gave his assent to the Delaware Personal Data Privacy Act (the “DPDPA” or the “Act”) on September 12, 2023. This act holds significant implications for businesses that operate or…
In a seminal event in US legal history, the nation’s Supreme Court has permitted a foreign plaintiff to bring a Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit for purposefully dodging the enforcement of an international arbitration award. The development emerged from a 6-3 opinion in the cases of Yegiazaryan v. Smagin and CMB Monaco…
In these turbulent times, investing in the food industry has proven to be an alluring proposition, given its resilience amidst economic downturns. However, potential investors must bear in mind numerous factors to ensure the success of their venture, particularly when investing in a food business as highlighted here. Here is a summary of the ten…
Recent legislative developments in New York City may markedly alter the landscape of employment discrimination protection. The city is currently in discussions to institute laws prohibiting employment discrimination based on height and weight. This new pending legislation represents an attempt to address niche discrimination discrepancies that, until now, have largely been overlooked in most legal…
The impact of significant banking shifts in Silicon Valley continues to ripple across the pond—changes initiated by banking giants Silicon Valley Bank (SVB), Signature Bank, and Silvergate Bank are now evidently shaping the financial landscape in Europe. The financial services sector has seen its share of consolidation in the past year, especially in Europe, where…
On August 9, 2023, the Amazonian Cooperation Treaty Organization (ACTO) convened a summit in the bustling Brazilian city of Belém, welcoming representatives from nations such as Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname, and Venezuela. The outcome of this noteworthy conference was a comprehensive 10,000-word manifest known as the Belém Declaration, outlining a grand total…
In recent times, the intersection of geopolitics and decarbonization in the mining and metals sector has grown increasingly complex. This dynamic has a potentially profound influence on both the international climate agenda and the strategic industrial policy. Notably, a fundamental shift is taking place. According to International Energy Agency (IEA), clean energy is predicted to…
The landscape of investment in the United States is witnessing significant shifts, largely driven by a series of regulatory changes by US agencies. Many of these changes are aimed at making the investment process more transparent, affecting not only domestic players but also how international entities, such as Sovereign Wealth Funds (SWFs), navigate their US…
For professionals operating at the intersection of law and business, mergers and acquisitions (M&A) present a complex arena defined by shifting trends, strategic maneuvering, and an ever-evolving regulatory landscape. One of today’s active fields in M&A is the beauty industry, a sector that both entices and challenges deal-makers with its potentials and complexities. Recent discussions…
The online travel industry is witnessing an interesting phenomenon as the competition authorities across the globe present their diverse perspectives on the proposed merger of Booking Holdings and eTraveli. Notably, the UK’s Competition and Markets Authority (CMA) has fundamentally different views on this merger than European competition counterparts. The situation represents an intriguing divergence in…
The fifth edition of the U.S.-China Trade Controls Conference is scheduled for October 12-13 in Washington, DC. Hosted by the American Conference Institute (ACI), this event serves as an impactful and pragmatic platform in the U.S. for discussions around Sino-US trade regulation. Over the course of two days, attendees will have an opportunity to delve…
In today’s interconnected economy and global political climate, complying with the regulations of the Office of Foreign Assets Control (OFAC) has become an area of prime importance for financial institutions and businesses. As entities operating under the vigilance of the OFAC, prioritising compliance is essential to avoiding legal ramifications. OFAC has displayed extensive activity in…
In a move with potential large-scale implications for risk-weighing of commercial real estate (CRE) loans, U.S. bank regulatory agencies (the “Agencies”) have suggested significant amendments to the risk-based capital framework that governs how banks operate. As part of a broader international undertaking to revisit the calculations banks use for their risk-based capital, the agencies proffer…