On August 28, the U.S. Department of Commerce, Bureau of Industry and Security (BIS), introduced proposals for new regulations aimed at revising specific aspects of the exclusion process for Section 232 steel and aluminum tariffs. Alongside these propositions, the BIS openly asked for additional public comments regarding its new proposals. Read more The revisions aim…
As the results of the July 2023 bar exam are soon to be released, attention turns to law schools that have been “overperforming” in terms of their graduates’ ultimate bar passage rates. This information comes from a recent paper highlighting several law schools exceeding expectations. Professor Jeffrey S. Kinsler, of Belmont University College of Law,…
International law firm, Allen & Overy, alongside banking group, Standard Chartered, have introduced a Guide to Payment Regulations, a first of its kind, for enterprises and fintech customers operating in Asia’s fast-developing payments landscape. This guide aims to provide a user-friendly, comprehensive examination of regulatory frameworks influencing payments across eight pivotal Asian markets. According to…
International law firm, Greenberg Traurig, has successfully secured a license to establish an office in the United Arab Emirates (UAE) and has accordingly hired two experienced professionals in real estate and hospitality laws – Stephen Kelly and Sarah Mahood – from Bryan Cave Leighton Paisner. This announcement marks a continuation of major law firms, specifically…
On August 18, 2023, the U.S. Department of Commerce issued critical final determinations in its circumvention inquiries concerning the import of certain solar cells and modules from Cambodia, Malaysia, Thailand, and Vietnam (collectively referred to as CMTV). The Department of Commerce alleged that these imports were evading previously levied duties against the People’s Republic of…
In an ambitious bid to become the world’s leader in artificial intelligence (AI) by 2030, China has recently taken decisive steps by finalizing comprehensive AI regulations aimed at shaping the future of this rapidly advancing technology. This bold move has added momentum to the intensifying global race for AI supremacy, as countries scramble to navigate…
Singapore’s leading firm, Drew & Napier, is preparing to launch an international arbitration claim against the Swiss government. The claim is on behalf of a group composed chiefly of high-net-worth individuals and accredited investors of Credit Suisse Additional Tier 1 (AT1) bonds in Hong Kong and Greater China. The development was revealed exclusively to Law.com…
The US Department of Commerce (DOC) issued a key decision on August 18, 2023 related to circumvention of antidumping and countervailing duty (AD/CVD) orders A-570-979 and C-570-980 (the Orders) on certain crystalline silicon photovoltaic (CSPV) cells and modules from Southeast Asia. This final determination announced by the DOC effectively brings closure to a widely watched…
In an era marked by increased regulatory dynamics, successfully creating and managing a data-driven Compliance Program is no easy task. Firms, both large and small, must thread the needle of increasingly stringent regulations in a rapidly internationalizing global marketplace. Where it was once enough to simply keep abreast of one’s local regulatory environments, today, businesses…
As legal professionals, it is essential to keep a close watch on legislation that could potentially impact our sectors of interest, the corporations we represent, or the environment within which we operate. One such important legislative activity in Washington is the funding of the government prior to the beginning of the fiscal year, especially the…
In an international endeavour to enhance corporate transparency and fight against serious financial crime, private firms established under the British Columbia Business Corporations Act (BCBCA) have been mandated to prepare and maintain a Transparency Register since October 1, 2020. This significant regulatory development in British Columbia directly targets illicit activities such as tax evasion, money…
The modern digital era is brimming with advice on LinkedIn strategy, yet it is imperative to sift through the fluff and zero-in on methods that align best with the requirements of the present-day professional milieu. To give this context, let’s take a step back, about 15 years ago, to the early stages of LinkedIn. It…
It has been an engaging day for global financial news. Today’s highlight comes from New York, where Richard Ostrander, the Federal Reserve Bank of New York General Counsel, prepared a comprehensive paper that was presented at a panel discussion at the ECB Legal Conference 2023 in Frankfurt am Main, Germany. The discourse focused on Central…
In an increasingly interconnected global economy, foreign investment reviews remain central to the economic policies of many nations. Yet, the significance of these reviews is matched by the complexity and volume of hurdles they currently pose. These challenges are underscored by recent statistics and analyses from the United States’ Committee on Foreign Investment (CFIUS). In…
In recent developments in the world of online travel legalities, several significant issues have come to light. Key points of concern include a blocked deal between Booking Holdings and eTraveli, a lawsuit against the hospitality chain Sonesta, and an investigation into online booking payments in Hungary. The European Union has unofficially stalled on the planned…
The recent International Legal Technology Association conference, ILTACON, held in Orlando, Florida was a hub for dialogue about legal technology. Several established and startup legal tech companies attended, providing scope for a range of fascinating insights in the industry. In a set of live interviews conducted and recorded at ILTACON, numerous company representatives shared their…
In a significant recent development, several private fund industry groups have made an appeal to the United States Court of Appeals for the Fifth Circuit. They are contesting the Securities and Exchange Commission’s adoption of the Private Funds Rule, which took effect on September 1, 2023. Here you’ll find the details on jd supra, the…
In the cutthroat arena of modern business, financial service providers depend heavily on advertising and digital marketing in order to establish brand recognition, promote their offerings to potential customers, and maintain engagement with their existing clientele. This crucial business strategy is not just coined by the industry’s market gurus but is also reflected in raw…
In the recent seismic legal developments of this week, Senator Whitehouse casts doubt on Chief Justice John Roberts’ willingness to act, following Justice Sam Alito’s alleged violation of ethics rules. Alito admitted his breach with seeming impunity. This claim has elicited quite the reaction in the legal sphere and provoked Senator Whitehouse’s statement on Roberts’…
Pérez-Llorca, a renowned Spanish law firm, is continuing to mark its international presence with a new office launch in Lisbon. Expected to open in 2024, this launch signifies a rapid international expansion for the firm, as three out of its five international offices will have been established within a span of merely three years. Read…
In an apparent response to the Pillar Two global minimum tax rules (the GloBE Rules) issued by the Organisation for Economic Co-operation and Development (OECD), the Government of Bermuda has initiated a public consultation to solicit feedback on its proposal to establish a corporate income tax by 2025. The central focus of the GloBE Rules…
Internationally recognized law firm, Squire Patton Boggs, is set to open a new office in Amsterdam in the coming fall season. This new addition forms the firm’s 16th office strategically situated in Europe. The Amsterdam office is primed to host a highly skilled team of four corporate law and private equity practitioners. Heading the Amsterdam…
Pragnesh Modhwadia, the suspended owner of Axiom Ince, will challenge the £57M freezing order set against him by London’s High Court, states his lawyer. The unprecedented legal battle involving a law firm against its own managing partner and owner, is poised to unfold in the High Court. Axiom Ince achieved a freezing order of £57,522,510…
In a significant development regarding international sanctions, Switzerland has put into action the European Union’s 11th sanctions package against Russia on August 16th, significantly widening the scope of current restrictions, as well as expanding its exceptions. This was noted by White & Case LLP. This newest set of sanctions encompasses several diverse domains. To illustrate,…
In pensions news this week, The Pensions Regulator (TPR) has made a significant move towards addressing climate risk in decision-making, following a recent surge of criticism regarding some trustees annual climate reports. According to a recent blog post published by TPR, targeted measures are being explored to enable trustees to make climate scenario analysis more…