For years, the world’s leading Global 200 law firms experienced unfettered growth and profits, seemingly immune to global economic forces. However, this year’s rankings paint a different picture. A significant downtick in performance indicated that even the legal industry’s titans are not immune to external factors. These unprecedented circumstances have led to a cooling period…
In a move capturing attention around the legal community, the Delaware Court of Chancery recently declared noncompetition restrictions applied against former employees as unenforceable. This decision was made on the basis that the agreement language did not expressly prohibit competition with the company, but solely the private equity owner of the company. The case, Frontline…
The Information Commissioner’s Office (ICO), in collaboration with eleven other international authorities responsible for data protection and privacy, issued a joint statement on data scraping on the 24th of August. The shared statement underscores the increasing global concern over this matter in the digital era, particularly in the context of personal privacy preservation. Data scraping…
The latest episode in the AGG Talks series deliberates on the complications and strategies surrounding inbound franchising in the United States, particularly by foreign franchisors. This is an essential listen for attorneys, business owners, and legal professionals trying to make sense of the franchising arena in the US. In this episode, Mike Burke, a corporate…
In a world where legal policies are ever-changing and adapting, legal professionals must constantly navigate the evolving landscape. One such area of shifting terrain is the topic of changes to a job post-PERM certification. This issue comes into play when employers undergo the process of sponsoring a foreign national for permanent residency, commonly referred to…
Rudy Giuliani, the former Mayor of New York City and personal lawyer to ex-President Donald Trump, is being sued by a lawyer who is claiming $1.36 million in legal fees. Displaying a flash of humor in this rather serious situation, the controversial attorney’s predicament has been likened to needing about 4200 Cameos worth of earnings…
Despite a nationwide effort to promote domestic economic growth under the banner of “national greatness,” the majority of China’s top legal firms have experienced a strenuous year. According to a report by Law.com’s International Edition, over 85% of the 45 highest performing Chinese law firms by gross revenue have recorded significant downturns in 2022. Factors…
In a continually evolving socio-political climate, legal professionals worldwide are facing the palpable shift from the global free-trade methodology that has predominated the past three decades. This profound alteration in international commerce is reshaping the nature of enterprises across the globe, reshuffling who conducts business with whom. Legal experts are alarmingly emerging as the front-liners…
Internationally renowned law firms, following the prolonged shift to remote working due to the pandemic, are currently wrestling with the challenge of setting firm-wide office mandates. Such mandates are aimed at fostering a sense of fairness and consistency as firms navigate their transitions back to the office. However, these mandates also need to take into…
Linklaters, a leading international law firm, has reportedly laid off multiple lawyers in its Greater China operations. The circumstances that led to this move have been described as a ‘prolonged downturn’. While additional specifics regarding the extent of the layoffs and their precise causes are not immediately available due to a paywalled source, these dismissals…
Unrest unraveled near an Eritrean cultural festival in Stuttgart, Germany, culminating in the arrest of 228 individuals. The arrests were made after rioters reportedly assaulted festivalgoers and police officers, an episode that left 27 officers injured as law enforcement attempted to disperse the violent outbreak. Local authorities confirmed these details. The festival was hosted by…
Legal professionals around the globe must keep a keen eye on the shifts in climate change policy and regulatory developments given their potential far-reaching impacts on international corporates and law firms. This week’s climate policy report from Akin Gump Strauss Hauer & Feld LLP offers insight into happenings at the intersection of law, business, and…
In a legal development from the District of Connecticut, the international law firm, White & Case LLP, has been barred from representing a defendant in a major dispute linked to acts of drug-related terrorism. The Second Circuit Court of Appeals, bringing its weight to the case, refrained from overturning the ruling, declaring that it did…
On September 14, 2023, the Committee on Foreign Investment in the United States (CFIUS) held its annual conference in Washington, DC. This event marks a significant gathering of legal professionals who consider foreign investments into the United States and certain real estate transactions by foreign persons to determine their impact on national security. This report…
In a significant development in United States privacy legislation, Delaware Governor John Carney has enacted House Bill No. 154, named the “Delaware Personal Data Privacy Act,” according to a recent post by White & Case LLP on JD Supra. This comprehensive consumer data privacy law will become effective from January 1, 2025. Joining the ranks…
Selecting an apt court reporting agency for your Intellectual Property (IP) case is pivotal to achieving a favorable outcome. According to a recent report on JD Supra, IP litigations are characterized by their complexity, high confidentiality, and substantial scale. Such cases frequently feature high-profile parties, source code considerations, and international depositions, necessitating a court reporting…
In a significant development, the Constitutional Court of Colombia (Corte Constitucional de Colombia) recently issued a judgment in the case T-329, which was decided on August 28, 2023. The case revolved around a writ of protection (acción de tutela) filed by a community claiming an infringement of their fundamental rights to prior consultation and a…
In the realm of workplace pensions, regulatory and legal developments continue to abound, thus keeping professionals in the sector on their toes. The recent weekly update from the Pensions team at Allen & Overy LLP provides insight and summary on the key topics pertinent to pension law. One key development presented is the consideration of…
Efficient execution of cross-border transactions is a multi-layered challenge that requires experience, pragmatism, and a specific skill set. Such deal-making often spans across countries, involving venture capitalists, private equity investors, and multinational corporations in varying capacities. Understanding the intricacies involved in this process and the steps to take when approaching such a task is of…
In the flurry of ongoing international crises, it is crucial for legal professionals to stay abreast of how these events shape policies and regulations. A recent JD Supra article offers a comprehensive review of key regulatory developments directly related to the EU’s emergency responses to COVID-19, Russia’s aggression towards Ukraine, and ongoing cybersecurity threats. In…
Major international law firm Linklaters confirmed on Monday that it has initiated a reduction in its legal workforce in response to an economic slowdown in China. The layoffs will result in the loss of 30 attorneys across its three offices in Beijing, Shanghai and Hong Kong. This decision comes amidst the wider impact of the…
In the midst of the engulfing digitization, financial services across the globe are transitioning towards expanding cryptocurrency custody services. With the pervasive spread of digital financial transactions, key issues have come to the fore, particularly with regard to the regulatory environment around crypto assets. A significant recent development has been seen in Singapore, where a…
In a recently published opinion by the Court of Cassation in France on September 13, 2023, new rights relating to paid leave were granted to employees, reflecting an application of European law. Details here. This determination by the Court of Cassation is particularly notable as it is France’s highest court of ordinary jurisdiction, recognised for…
The Dutch authorities recently enacted new regulations that require businesses to obtain an export license for certain advanced semiconductor manufacturing equipment that is exported from the Netherlands to countries outside the European Union. The new measures took effect as of 1 September, 2023. According to Hogan Lovells, a multinational law firm specializing in global business…
In an important move, the US Department of Transportation (USDOT) has decided to suspend a rule that permits the transport of liquefied natural gas (LNG) by rail. This move, which will be effective from October 31, 2023, targets a regulation implemented during the Trump administration, which facilitated the transportation of LNG in large quantities by…