Given the complexities of today’s hiring process, selecting the right software for background checks is vital. Several key features must be considered to ensure it aligns with an organization’s goals, as explained in this informative blog post by Mitratech Holdings, Inc. One of the most significant aspects of background check software is its ability to…
The International Emissions Trading Associate (IETA) has recently released its High Level Criteria for Crediting Carbon Geostorage Activities. This development, which follows a year-long consultation process that involved business stakeholders, experts, developers, investors, and others, impacts activities where carbon dioxide (CO2) reduction and removal activities are undertaken with the goal of developing tradable credits. This…
On August 28, 2023, the Bureau of Industry and Security (BIS) within the US Department of Commerce (DOC) issued a proposed rule to modify certain aspects of the procedure for requesting exemptions from the Section 232 tariffs on steel and aluminum. The proposed change is now open for public discussion, signaling an opportunity for corporations…
Legal developments continue to unfold in the case surrounding two former clients of Cadwalader, Wickersham & Taft LLP. The international law firm has reportedly told a New York federal judge that two ex-advisers from IHT Wealth Management, who are now under the spotlight in a five-million-dollar criminal fraud case, have failed to demonstrate their inability…
On August 29, 2023, the Health and Human Services (HHS) made a groundbreaking announcement as it selected the first set of drugs to be covered by the Medicare Part D for negotiation under President Biden’s Inflation Reduction Act of 2022 (IRA). This initiative is an integral part of the law signed into existence back in…
The Zimbabwe Electoral Commission (ZEC) recently announced that President Emmerson Mnangagwa won the presidential election. However, international election watchdogs and the international community, including Mnangagwa’s main opponent, Nelson Chamisa of the opposition Citizens’ Coalition for Change Party (CCC), have raised doubts about the legitimacy of the election. The Southern African Development Community’s Electoral Observation Mission…
A second proposed class action has been filed this week against the international law firm Orrick Herrington & Sutcliffe LLP in a California federal court. This lawsuit, marking the firm’s second encounter with such legal proceedings, is a result of a data breach that occurred in March and targeted the firm’s client files. The breach…
In the ever-evolving world of digital financial transactions, terms such as Bitcoin, virtual currencies, and digital assets have become focal points. With their power of disruption, these digital innovations pose a series of challenges for legal professionals worldwide. As set out in Chapter 6 of Notice 2014-21, we start by diving into the specifics of…
In a development which has been apprehensively anticipated, new rules and amendments were adopted by the U.S. Securities and Exchange Commission (SEC) on August 23, 2023 under the Investment Advisers Act of 1940. Referred to as the Private Fund Adviser Rules or simply, the Rules, these changes are expected to have a significant impact on…
In a move demonstrating the continued expansion of major international law firms, White & Case has further grown its global debt finance practice with the addition of Peter Mason to its London office. Mason, now a partner at White & Case, brings with him a breadth of experience advising sponsors, corporates, and banks on finance…
In recent years, the impact of artificial intelligence (AI) on various sectors has been significantly felt. Among the myriad of questions posed by AI, one stands out in the international copyright law domain: Can works created solely by AI be copyrighted? Addressing this issue, the D.C. District Court, one of the first to examine this…
Live from Orlando, Florida, the International Legal Technology Association’s annual conference, ILTACON, is a vibrant mix of old and new as industry mainstays rub shoulders with innovative startups. This year’s conference once more featured a Startup Hub, where 27 new legal tech startups set up shop to showcase their innovations. Although it was impossible to…
In the realm of legal discussion, a recent action by the Securities Exchange Commission (SEC) regarding 3M’s Chinese operations has attracted quite some attention. Clearly it was a matter of gravity when the SEC used the term ‘secretly’ to describe a corporate program, implying a less than desirable conduct. This came to light in a…
In a potentially pivotal move for transnational data privacy and protection standards, the Dubai International Financial Centre (DIFC), considered the foremost international financial hub in the region, has offered a green light on cross-border transfers of personal information to California. This decision, as noted in this article, was issued on August 9th by the Commissioner…
The U.S. Department of Commerce (“Commerce”) has recently leveled its final determination, signaling the closure of a long-running circumvention investigation. This investigation focused on whether crystalline silicon photovoltaic (“CSPV”) cells and modules imported from Cambodia, Malaysia, Thailand, and Vietnam (collectively referred to as “the target countries”) were being used as conduits to circumvent antidumping duty…
In what seems to be an active year for the SEC in prosecuting FCPA cases, 3M Corp. has settled with them for a sum of $6.5 million. This hefty settlement is the seventh corporate resolution for the SEC this year, indicating an increased focus on compliance and regulations. Interestingly, the Department of Justice has shown…
The United Nations (UN) Committee on the Rights of the Child recently published authoritative guidance concerning children’s rights with respect to the environment amidst growing concerns of climate change. The guidance entreats member states to promptly implement intervention measures that address the negative impacts of environmental degradation and protect children’s right to a clean and…
In a global push toward clean energy, the focus is increasingly shifting towards mineral sourcing, especially the availability of necessary critical minerals within the United States. The acceleration of this transition brings up the question of whether or not the required minerals for sustaining this move will be easily and widely available to meet rising…
In an important development regarding the False Claims Act (FCA), the 10th U.S. Circuit Court of Appeals recently upheld a district court’s decision after a jury verdict was in favor of an employee. The court found that Parker-Migliorini International (PMI) had violated the FCA by retaliating against an employee named Brandon Barrick who had engaged…
New developments in control on outbound investments hold potential implications for investors, as President Biden’s recently signed executive order lays out regulations on American investments in certain national security technologies and products in countries of concern. The executive order, both eagerly anticipated and hotly debated among international investment circles, was signed into law by the…
The Federal Deposit Insurance Corporation (FDIC) has announced an upcoming meeting of its Board of Directors. Set to convene next week, the group will review and discuss several important issues and proposals that have potential implications for large bank holding companies, certain intermediate holding companies of foreign banking organizations, and large insured depository institutions. Notably,…
The Canadian Securities Administrators (“CSA”) and the Canadian Investment Regulatory Organization (“CIRO”), collectively known as the “Regulators,” have recently issued a collaborative notice, Joint CSA and CIRO Staff Notice 31-363 Client Focused Reforms: Review of Registrants’ Conflicts of Interest Practices and Additional Guidance, on August 3, 2023. The announcement was first reported by Stikeman Elliott…
On July 2, 2023, Germany’s new Whistleblower Protection Act (Hinweisgeberschutzgesetz – HinSchG) became effective, introducing comprehensive provisions for the protection of whistleblowers. This law could potentially have significant implications for employers, both within Germany and international corporations with German entities. The Act was discussed in a recent article, which you can read in full here….
Generative artificial intelligence (AI) is a burgeoning technology that is reshaping lives and workplaces globally. For example, ChatGPT, a user-friendly AI developed by OpenAI, achieved an impressive user base of 100 million monthly active users within just two months of its public launch. Other generative AI models like Canna-GPT, Github Copilot, and DALL-E are proving…
On July 31, 2023, the European Commission adopted the first set of European Sustainability Reporting Standards (ESRS), which are set to mandate the reporting of sustainability information by European companies, as well as non-EU companies with an EU presence, such as those listed in an EU member state or harboring an EU branch, parent, or…