International – Page 514 – Legal News Feed

JDSupra

FTC Takes Legal Action Over Misleading AI Claims: A Warning for International Corporations and Law Firms

Pieter Gunst3 years ago03 mins

In a recent move demonstrating the heightened interest in artificial intelligence (AI) by federal authorities in the United States, the Federal Trade Commission (FTC) has taken legal action over AI-related misleading claims. This action is particularly noteworthy for legal professionals working within international corporations and law firms, as it potentially signals increased scrutiny and regulation…

Jurist

Inaugural Africa Climate Summit: Shifting the Focus to Climate Justice and Innovative Solutions

Pieter Gunst3 years ago05 mins

The recent inaugural Africa Climate Summit (ACS) held at the Kenyatta International Conference Center in Nairobi offers an unprecedented opportunity for African nations and stakeholders to contribute positively towards global climate change discourse. Initiated by Kenya and the African Union, the summit is seen as vital in exploring solutions for the continent that has endured…

JDSupra

Colombia’s Constitutional Court Expands Labor Disconnection Rights to All Public Workers

Pieter Gunst3 years ago03 mins

In a landmark ruling, the Constitutional Court of Colombia has declared the conditional constitutionality of the literal (a) of article 6 of Law 2191 of 2022, which stated that public workers holding positions of trust and direction were exempted from enjoying the right to labor disconnection or “desconexión laboral”. This decision asserts the universal applicability…

JDSupra

Shareholder Counterclaims Face Scrutiny in New York’s Derivative Lawsuit Landscape

Pieter Gunst3 years ago03 mins

In recent years, shareholders who file derivative lawsuits on behalf of corporations often find themselves facing counterclaims filed against them as individuals. A derivative lawsuit permits shareholders to sue on behalf of the corporation when they suspect mismanagement or misconduct on the part of the directors or officers of the corporation. Despite its importance, the…

JDSupra

Navigating ESG Challenges in the Consumer & Retail Industry: Legal Risks and Strategies

Pieter Gunst3 years ago03 mins

The significance of environmental, social, governance (ESG) elements, especially from the consumers, stakeholders, and regulators’ viewpoints, is on the rise across all sectors, and the consumer & retail sector isn’t immune. This escalating attention towards ESG issues raises a plethora of legal concerns and risks that legal professionals in the Consumer & Retail industry cannot…

JDSupra

Island Pyrochemical Industries Faces Penalties in Third DDTC Consent Agreement of 2023

Pieter Gunst3 years ago02 mins

The U.S. State Department’s Directorate of Defense Trade Controls (DDTC) has documented its third consent agreement of 2023, as of August 28. Found in an administrative settlement with Island Pyrochemical Industries Corporation (IPI), the document highlights three alleged infractions of both the Arms Export Control Act (AECA) and the International Traffic in Arms Regulations (ITAR)….

JDSupra

Bermuda Monetary Authority Consults on Enhancing Insurance Regulatory Framework

Pieter Gunst3 years ago03 mins

The Bermuda Monetary Authority (BMA) has opened up further consultations on improving its insurance regulatory regime, as detailed in an update made public on July 28, 2023. Information disseminated by law firm Skadden, Arps, Slate, Meagher & Flom LLP, outlines the key points of this updated proposal. Discussion encompasses the BMA’s plan to strengthen its…

JDSupra

Navigating US Tax Considerations for Foreign Businesses Scaling in American Markets

Pieter Gunst3 years ago02 mins

In a recent episode of the AGG Talks podcast, Mike Burke, a corporate partner and leader of the Ireland & Northern Ireland practice at Arnall Golden Gregory LLP, delved into the U.S. tax considerations facing foreign businesses looking to scale in the U.S. Burke was joined by Sean King, the founder and president of Align…

JDSupra

Colombia’s Ministry of Labor Tightens Overtime Work Permit Regulations to Safeguard Employees

Pieter Gunst3 years ago02 mins

In a move that focuses on the labor rights of Colombian workers, the Ministry of Labor in Colombia, through Resolution 3031 of August 30, 2023, has mandated the renewal of overtime work permits that do not have a specific expiry date. This regulation was reported by international law firm Holland & Knight LLP, highlighting a…

JDSupra

Navigating Global Immigration Amidst COVID-19: September 2023 Updates and Recommendations

Pieter Gunst3 years ago02 mins

In an ongoing effort to keep abreast of global immigration issues and ever-evolving COVID-19-related restrictions, legal professionals are recommended to Seyfarth Shaw LLP’s September 2023 Global Immigration Alert. It’s an essential read for those managing global mobility queries. This current alert highlights both the all-encompassing global limitations and closures as they stand in September 2023,…

JDSupra

DOJ Introduces Divestitures as Innovative Remedy in Antitrust Criminal Cases

Pieter Gunst3 years ago03 mins

In a recent development, the U.S. Department of Justice Antitrust Division (DOJ) effectuated a unique judgment in an antitrust criminal case involving Teva Pharmaceuticals and Glenmark Pharmaceuticals. Known traditionally for penalties such as fines and probation, this exceptional resolution entailed deferred prosecution agreements (DPAs), as well as an unprecedented addition to the remedies sphere: divestitures….

JDSupra

Cross-Border Expansion: Navigating Corporate Considerations for International Growth

Pieter Gunst3 years ago03 mins

When international corporations plan on expanding their reach across borders, they must navigate through a labyrinth of sophisticated legal and business matters. Doing so necessitates a comprehensive understanding of various corporate considerations pivotal for scaling effectively across different jurisdictions. Covered in detail during a recent episode of AGG Talks is an illuminating conversation on these…

JDSupra

Impact of Executive Order on Outbound Investment Regulations for National Security Technologies

Pieter Gunst3 years ago03 mins

Following a prolonged period of discussion and deliberation, a significant milestone has been reached in the realm of international investment laws, as the much-anticipated outbound investment program was discussed in detail on August 9, 2023. The discussions were prompted by an Executive Order issued by President Biden, labelled “Addressing United States Investments in Certain National…

JDSupra

Colorado Arbitration Cases: Potential Non-Applicability of Statute of Limitations Defense

Pieter Gunst3 years ago03 mins

In the most recent development in Colorado law, the state’s Statute of Limitations defense may not apply in arbitration, particularly in the context of the construction industry. This potential change in the interpretation of the law may have significant implications for legal professionals operating in Colorado and dealing with arbitration cases. Arbitration has long been…

JDSupra

Senator Warren Pushes Fed to Accelerate Basel III Capital Requirements for Large Banks

Pieter Gunst3 years ago03 mins

Senator Elizabeth Warren (D-MA) has written a strongly worded letter urging the Federal Reserve to expedite the finalization of capital requirements regulations for sizable banking institutions, strengthening the regulatory landscape for financial institutions around the world. This momentum comes in response to a July announcement by the Fed regarding a notice of proposed rulemaking. The…

JDSupra

US Banking Regulators Propose Basel III Endgame Adaptations for Large Banks and Trading Activity

Pieter Gunst3 years ago03 mins

On July 27, 2023, US banking regulators introduced a proposal that could substantially alter the risk-based capital requirements impacting large banks and banks with notable trading activity. This development stems from a notice of proposed rulemaking (NPR) which hopes to broadly integrate the Basel Committee’s revisions to its regulatory capital standards, informally termed as “Basel…

JDSupra

Austrian Supreme Court Ruling Underscores Importance of Diligence in International Arbitration

Pieter Gunst3 years ago02 mins

Last week, a seemingly minor spelling error led to a major arbitration-related judgment by the Austrian Supreme Court. The bizarrely intricate case was discussed in detail by Declan Gallivan, a Senior Disputes Associate based in London, and Florian Haugeneder, the Founder and Partner of the reputed Austrian law firm KNOETZL. The discussion revolved around the…

Bloomberg Law

Norton Rose Fulbright CEO Gerry Pecht Exits, Prompting Leadership Shuffle

Pieter Gunst3 years ago02 mins

According to a recent report on Bloomberg Law, after more than four decades at Norton Rose Fulbright, Global Chief Executive Officer Gerry Pecht has left the international law firm. Pecht’s exit from the firm came well over a year before the conclusion of his term as CEO. In the wake of his departure, the firm…

JDSupra

FCA Unveils ISSB Standards and Climate Transition Guidance for UK PLCs

Pieter Gunst3 years ago03 mins

In a recent update requiring diligent attention from both legal practitioners and businesses alike, the Financial Conduct Authority (FCA) made public the Primary Market Bulletin 45 on 10th August 2023. This bulletin discloses FCA’s methodology in formulating policy concerning the new International Sustainability Standards Board (ISSB) standards. Additionally, the circular provides a gradual introduction of…

JDSupra

Final Determination on Circumvention of Anti-dumping Duties for Solar Imports from China

Pieter Gunst3 years ago03 mins

The US Department of Commerce (Commerce) has issued a final determination regarding the circumvention of antidumping and countervailing duty (AD/CVD) orders associated with imports of Crystalline Silicon Photovoltaic (CSPV) cells and modules from China. The investigation primarily focused on whether CSPV cells and modules originating from Cambodia, Malaysia, Thailand, and Vietnam, but constructed using parts…

JDSupra

Cayman Islands Regulatory and Risk Advisory Review: Key Updates and Industry Trends

Pieter Gunst3 years ago03 mins

Welcome to our review of the regulatory and risk advisory activities in the Cayman Islands, covering the period of May to July 2023. This piece aims to serve as a comprehensive insight into recent legal landmarks and industry trends, particularly for those catered to the corporate legal sphere. In this, the second instalment of our…

JDSupra

Exploring AI’s Impact on Copyright Law: US Copyright Office Seeks Public Insight

Pieter Gunst3 years ago03 mins

As the influence of artificial intelligence (AI) continues to sweep the globe, its implications for the copyright law arena have been recognised by the U.S. Copyright Office. The institution recently embarked on a new initiative, seeking to explore AI-related copyright issues by reaching out for comments directly from the public. As reported in JD Supra….

JDSupra

Multinational Operation Disrupts Qakbot Malware, Reinforcing Global Cybersecurity Efforts

Pieter Gunst3 years ago02 mins

In a display of international collaboration, the Department of Justice (DOJ) has announced a multinational operation on August 29, involving the U.S., France, Germany, the Netherlands, the UK, Romania, and Latvia, aimed at disrupting the infrastructure of Qakbot malware. The statement came from none other than Attorney General Merrick B. Garland, who emphasized the united…

Jurist

Investigating Journalist Masha Gessen: Russia Targets US-Based Reporter amid Mounting Global Tensions

Pieter Gunst3 years ago03 mins

In a recent development that underlines the mounting tensions between Russia and the rest of the globe, the Russian Investigative Committee has initiated an investigation into US-based journalist, Masha Gessen. An announcement from the SHOT Telegram Channel stated that the investigation started last week, with the charges being that Gessen had purportedly ‘discredited’ the Russian…

Bloomberg Law

Ex-Federal Prosecutor Michael Keilty Enhances Kobre & Kim’s International Cybercrime Expertise

Pieter Gunst3 years ago01 mins

Renowned multinational law firm, Kobre & Kim, recently welcomed a significant addition to their roster: former Federal Prosecutor Michael Keilty. As detailed in a firm announcement, Keilty has joined the team in the New York office. Keilty brings to the role a wealth of experience from his tenure at the Eastern District of New York,…