Real Estate and Construction News Roundup: Infrastructure Projects, Interest Rates, and Corporate Viability

The landscape of real estate and construction is in a state of flux, shaped by everything from large infrastructure projects to interest rate increases and the viability of corporations like WeWork. In the latest news roundup, we delve into the significant developments affecting these sectors. A spotlight has been shone on the state of New…

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Evolving Role of Willingness in SEP Negotiations and Its Legal Consequences

The domain of SEP (Standard Essential Patents) negotiations has recently come under the spotlight due to increasing emphasis on the “willingness” concept. License negotiations for these patents need to adhere to fair, reasonable, and non-discriminatory (FRAND) terms. Interestingly, not showing willingness now can have practical consequences. An SEP is a patent that claims an invention,…

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OLMS Signals Shift in Labor Law Enforcement: Implications for Employers and Legal Practitioners

In a recent display of their statutory authority, the United States Department of Labor’s Office of Labor-Management Standards (OLMS) has indicated a potential shift in its enforcement strategies that could materially change the landscape of labor law. The OLMS has signaled its readiness to utilise the far-reaching subpoena powers granted to it under Section 601…

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Navigating Modern Workforce Challenges: Key Lessons from Hulu’s “The Bear”

On the popular Hulu series “The Bear,” there’s an up-close examination of the complexities inherent in managing people, contending with modern workforce generational challenges, and effective communication strategies to extract optimal performance from employees. Though ostensibly aimed at a mainstream audience, the show has offered insightful lessons that may serve as a playbook for employers…

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Declining Morale Among UK Law Associates: Causes and Implications

In an extensive survey conducted with nearly 200 UK associates at prominent law firms, nearly one-third disclosed a decline in morale over the last year. The Legal Intelligencer’s piece highlights the elements contributing to this growing dissatisfaction, with particular attention drawn to the emphasis on billable hours, disappointing salary outcomes, and a taxing office environment….

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California Enacts Stringent Climate Disclosure Laws to Promote Corporate Accountability and Transparency

California has recently passed three climate disclosure laws, with another one still pending. These new laws are an attempt to increase transparency and consistency in climate-related disclosures, including greenhouse gas (GHG) emission and carbon offset disclosures, and to promote climate risk mitigation, including decarbonization. The state appears to be taking steps independent of the Securities…

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Reverse Discrimination Lawsuit Challenges Corporate Handling of Race and Gender Disputes

In an unfolding legal issue much pertinent to the corporate world, a major company has been confronted with a reverse discrimination lawsuit following its decision to fire a white male employee implicated in a dispute with a black female co-worker. Unearthed by Law.com Radar, this case spotlights the escalating complexities of maintaining a balanced working…

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Federal Circuit Upholds $5.1M Fee Award, Reinforcing District Court Discretion in Attorney Fees

The attention of legal professionals working within the world’s largest corporations and law firms tends to swerve to significant legal developments. Today’s spotlight is on a very significant legal case: In re PersonalWeb Technologies LLC, Appeals Nos. 2021-1858, -1859 -1860 (Fed. Cir. Nov. 3, 2023). As reported on JD Supra, this case, which appealed from…

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Prominent Lawyers Advocate for Diverse Pro Bono Work to Bolster Community Service and Legal Capabilities

Earlier this week, senior legal professionals and pro bono advocates convened in a meeting to inspire more lawyers to engage in pro bono work, especially in fields that surpass their standard areas of expertise. This event was orchestrated by Herbert Smith Freehills to commemorate the beginning of the U.K. Pro Bono Week 2023. An all-women…

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California Court Case Signals Shift in Public Employers’ Remote Work Expenses Responsibility

In a recent California Court of Appeal case, there has been a resounding revelation that public employers might carry a certain degree of responsibility with regard to at-home working expenses of their employees. The case, Krug v. Board of Trustees of the California State University, serves as a pertinent example for public employers, clearly implying…

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GAO Finding Challenges Validity of SEC’s Crypto Accounting Guidance in SAB 121

On October 31, 2023, a formal decision was published by the U.S. Government Accountability Office (GAO), stating that the Securities and Exchange Commission (SEC) had failed to adhere to the prescribed Congressional Review Act (CRA) procedures by issuing Staff Accounting Bulletin No. 121 (SAB 121) in 2022. This finding raised significant concerns among legal professionals…

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CFPB’s 2023 Biennial CARD Act Report: Spotlight on Consumer Credit Card Market Trends

The Consumer Financial Protection Bureau (CFPB) recently published its 2023 biennial report as mandated by the Credit Card Accountability Responsibility and Disclosure Act (CARD Act). The report marks the sixth instance of the bureau’s biennial examination into the state of the consumer credit card market. This was reported by Davis Wright Tremaine LLP on JDSupra….

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FDA Clears Neurovalens’ Modius Sleep Device, Transforming Insomnia Treatment Landscape

In a remarkable development, Neurovalens, a notable health tech industry player, has gained 510(k) clearance from the US Food and Drug Administration (FDA) for Modius Sleep, its groundbreaking product geared towards the treatment of insomnia and/or anxiety. The clearance, recorded on October 27, 2023, was backed by the results of a pivotal Phase III clinical…

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Unraveling the Corporate Transparency Act: Beneficial Ownership Reporting in the Spotlight

The Corporate Transparency Act (CTA), which forms part of the Anti-Money Laundering Act of 2020, has enacted a new requirement for certain business entities, colloquially referred to as “Reporting Companies,” to disclose beneficial ownership information (BOI) to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). The requirements of this monumental act officially took…

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California’s Sites Reservoir Plan: A Milestone for Environmental Law and Water Storage Policies

A substantial development in the domain of California’s environmental laws and policies took place recently, garnering considerable attention from stakeholders. The spotlight centered around California’s water storage capacity, which achieved a significant milestone with the finalization of plans for the Sites Reservoir in Northern California. This news is particularly important to the legal professionals in…

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