The U.S Internal Revenue Service (IRS) has classified Monetized Installment Sale Transactions (MISTs) as a listed transaction in its proposed regulations. These transactions have been a point of interest for the IRS with increased scrutiny noticed over the previous months. MISTs first came into the limelight on May 7, 2021, when the IRS Chief Counsel…
Recent developments in Congress could potentially reshape the patent litigation landscape, with two bills recently introduced seeking to reform patent eligibility and change procedures for litigating patent invalidity. These developments may require legal professionals involved in patent litigation to recalibrate strategies and anticipate the potential implications of such legislative changes on infringement litigation. The first…
USA Made claims continue to garner significant legal attention, with regular challenges from the Federal Trade Commission (FTC) among others. Recent attention has been focused on a class certification against R.C. Bigelow, Inc., in the Central District of California, making the matter a crucial point of consideration for legal professionals in corporate sectors and law…
The UK pension landscape is set to experience several shifts and turns this week, as outlined in a recent publication from Allen & Overy Pensions team. With the demand for pension transparency ever-growing, legal professionals are expected to adapt rapidly to these alterations in regulatory requirements. These changes influence the pension strategy of large corporations…
While rebranding announcements are often given a nod before we move on with our lives, Elon Musk’s decision to swap the iconic bird logo for an “X”, as Twitter’s new logo (the “X Logo”), has been quite the conversation starter. Industry giants, law firms, and the public have been engaged in discussions, analyzing the potential…
Emojis, those colourful and expressive characters we know so well in our personal digital conversations, are no longer a casual messaging element. Increasingly, they are finding their way into legal texts and judgements, complicating the world of corporate law. This phenomenon has even evolved into a new branch of study dubbed ‘Emoji law’, and at…
In January 2020, plaintiff Sean Dailey filed a complaint against his former attorney Sam L. Amirante and his law firm, Sam L. Amirante & Associates, P.C., alleging legal malpractice, among other allegations. Dailey’s petition led to a trial court trial which culminated on July 23, 2021, with the court granting a motion to dismiss the…
The Centers for Medicare & Medicaid Services (CMS) has recently released the Skilled Nursing Facilities (SNF) and Inpatient Prospective Payment System (IPPS) final rules, signaling new alterations to healthcare regulations. This action by CMS is part of a broader initiative to review and modify health care rules to accommodate evolving health scenarios and market needs….
In a recent ruling by the Supreme Court in R (on the application of PACCAR Inc and others) (Appellants) v Competition Appeal Tribunal and others (Respondents) [2023] UKSC 28, the legal industry has been imbued with uncertainty, particularly around the future direction of litigation funding. JDSupra reports that this case presents an array of questions…
With various changes to labor and employment law occurring at an ever-increasing pace, it can be challenging for legal professionals to stay abreast of every amendment and update. However, it is imperative to ensure compliance and effective legal operations within your businesses and firms. A recent publication at JD Supra offers a comprehensive review of…
The Federal Aviation Administration (FAA) recently updated its policy statement related to the law considerations applicable to state and local regulation of Unmanned Aircraft Systems (UAS). The original policy, issued back in 2015, was designed to control the escalating surge of state UAS regulations. In its latest effort, the FAA has demonstrated that federal preemption…
As of now, the EU Foreign Subsidies Regulation (FSR) – which oversees cross-border monetary contributions – has officially taken effect. The European Commission (EC) will gain increased regulatory power thanks to the FSR. This outcome comes as part of a commitment to reduce distortion to competition within the EU’s internal market, a disruption which traditionally…
Increased attention on cybersecurity has led the U.S. Securities and Exchange Commission (SEC) to adopt final rules regarding cybersecurity disclosure. This concluding step took place on July 26th, which established a roadmap for organizations to comply with subsequent disclosures. Clear instructions as to when compliance was necessary were linked with this publication in the Federal…
As legal professionals working in global corporations and law firms, it’s crucial to stay updated on significant legislative developments. One such key development is the recent ratification of the U.K’s latest Financial Services and Markets Act (FSM Act) on June 29, 2023. As described by Shearman & Sterling LLP, this act is the result of…
On August 2, 2023, the UK government publicized its proposals for comprehensive reform of the UK product safety regime. The long-anticipated plans consist of 13 wide-ranging proposals, which introduce potential significant changes to the UK product safety landscape. Stakeholders are expected to experience major effects as a result of the proposed transformations. This important update…
Last week saw significant progress in how UK prospectus regulations might change in the near future. The UK Treasury published a momentous draft on statutory instrument and an associated Policy Note suggesting overarching alterations to the UK prospectus regime. Similarly, the UK Financial Conduct Authority sought industry feedback on a series of six Engagement Papers…
In the rapidly evolving landscape of sports and entertainment law, a few incidents have recently caught the eye of legal professionals across the globe, including the slime-ulcast for Super Bowl LVIII, Cardi B’s concert drama, college sports revamp, and ASU Stadium’s new identity. These may offer valuable insights into the emerging trends and legal considerations…
In a recent development, the Departments of Justice (DOJ), Commerce, and Treasury made a joint announcement on June 26, 2023. They issued a Tri-Seal Compliance Note that seeks to bring clarity to agency policy memoranda and existing regulations pertaining to voluntary self-disclosures (VSDs) of export controls and sanctions violations. This move comes as an essential…
The U.S. Equal Employment Opportunity Commission (EEOC) has recently issued a Notice of Proposed Rulemaking (NPRM) to put into action the Pregnant Workers Fairness Act (PWFA). The notice for the proposed ruling was posted by the Federal Register for public review and comment, ultimately shedding light on the imminent enactment and enforcement of the PWFA….
The U.S. Attorney’s Office for New Jersey recently unveiled that Alexander Schleider, a resident of Lakewood, has admitted to wire fraud and conspiracy to commit healthcare fraud. The fraudulent scheme was centered on durable medical equipment (DME). Schleider pleaded guilty to his actions as part of a large-scale kickback plot, which resulted in massive losses…
In a notable decision on July 31, 2023, Judge Jed Rakoff of the Southern District of New York (“SDNY”) has made a decision in favor of the Securities and Exchange Commission (SEC) against Terraform Labs Pte. Ltd. in the case SEC v. Terraform Labs Pte. Ltd. He ruled that trading of cryptocurrency assets to retail…
On August 1, 2023, U.S. Citizenship and Immigration Services rolled out a new edition of Form I-9. This immediately usable document will become mandatory on November 1, 2023, according to JD Supra. Employers have two versions of the Form I-9 at their disposal until the end of October 2023. They can either use the new…
In the current complex legal landscape, the classification of workers as employees or independent contractors continues to generate much debate, as evidenced by the ongoing deliberations at the National Labor Relations Board (NLRB). The decision-making criteria employed by ongoing government entities, the NLRB included, carry notable ramifications for corporations and their HR departments, especially considering…
Law professionals serving in the corporate sphere need to be well-acquainted with an important development from the National Labor Relations Board (NLRB). On August 2, 2023, a verdict was passed in Stericyle Inc., which overturned the legal framework the NLRB had been using since 2017 to evaluate the legality of workplace rules, such as those…
On August 5, 2023, New Jersey’s Temporary Worker Bill of Rights (TWBR) law commences in full effect, introducing new responsibilities for temporary service firms and employers that hire temporary workers. The State of New Jersey has indicated plans to enforce the new law along the lines of the proposed rules revealed on July 21, 2023….