The UK legal landscape has recently seen a shake up with the passing of the Economic Crime and Corporate Transparency Act 2023, which was granted Royal Assent on October 26, 2023. The legislation introduces a ‘failure to prevent fraud’ corporate criminal offence, placing significant accountability on large companies for fraudulent activities perpetrated by their associates….
The trial of FTX founder, Sam Bankman-Fried, is garnering international attention with the revelation that the entrepreneur opted to take the witness stand in his own fraud trial. According to legal professionals, this high-risk strategy could have substantial repercussions. Patterson Belknap Webb & Tyler partner and former assistant U.S. attorney in the Southern District of…
The highly reputed City University of New York (CUNY) has recently lodged severe accusations against neuroscientist Hoau-Yan Wang. Wang, a faculty member of CUNY and a former partner of the controversial biotech firm Cassava Sciences, is being accused of misconduct regarding the writing and publication of 20 scientific papers. The serious charges are detailed in…
In a move that reflects the dynamic and rapidly evolving international legal landscape, the British Virgin Islands (BVI) Court has granted, it is believed, one if its first-ever urgent anti-suit injunctions. The injunction is based on the American Cyanamid principles and has been issued to prohibit a Maltese entity (“Malta Co”) from pursuing proceedings against…
The recent Supreme Court of Maryland case, AGC v. Pierre, has pushed the ethical boundaries of election interference into the legal spotlight. This landmark case marks the first time the court has examined the legitimacy of Bar Counsel initiating an investigation into a judicial candidate amid an election cycle. As outlined in AGC. v. Pierre,…
In the bustling heart of international ports, where merchandise from the farthest reaches of the globe moves incessantly, a less visible but deeply entrenched issue thrives – the convoluted involvement of corruption and modern slavery. The intricacies of the former facilitate the persistence of the latter and vice versa; a danse macabre that perpetuates a…
San Francisco is set to host the Blockchain and Digital Assets 2023: Key Issues for the Digital Future hybrid event on December 12th. Focusing on Blockchain, the conference aims to present an in-depth discussion about the technology’s potential to bring transformative changes across a broad spectrum of industries. Drawing attention to recent advancements and shifts…
An Ohio probate judge from Cincinnati stands accused of serious ethics violations by the Ohio Bar Association. These accusations stem from social media comments he made concerning a matter that had been settled in his court. Aspects of the issue included disparaging comments about a family’s housekeeping ability and alleged substance abuse by a family…
In a notable development this week, law firm Alston & Bird LLP was pulled into the judicial spotlight when a discrimination lawsuit initiated by an ex-employee was transferred to a federal court in Georgia. The former staffer alleges that she was wrongfully terminated due to her refusal to receive the COVID-19 vaccination. The move to…
The proposed guarantees of equal pay, which span across all industries, trigger a new set of considerations for clubs with professional men’s and women’s teams. Employers are duty-bound to organize and operate in accordance with the Equal Pay Act (EPA). This obligation isn’t exempted in the area of professional sports, where the issue of player…
As the global landscape of energy regulatory and legislative issues shifts, keeping abreast of key developments and understanding their ramifications is crucial. Particularly notable is the context of North Carolina, which recently came into the spotlight with its annual Energy Law CLE hosted by Appalachian State University in Boone. This article outlines five main takeaways…
In an unprecedented move, the Hong Kong court enforced an order forcing an uncooperative former director of a Hong Kong listed company to ratify the appointment of a Hong Kong liquidator as the sole director of the companies’ four British Virgin Islands (BVI) subsidiaries. The case under question, as reported on JD Supra, shines a…
In recent developments pertaining to medical abortion litigation, the Pharmaceutical Research and Manufacturers of America (PhRMA) has filed an amicus brief supporting a request for the U.S. Supreme Court’s review of the Fifth Circuit’s recent decision in the case of Alliance for Hippocratic Medicine v. FDA/Alliance for Hippocratic Medicine v. Danco Labs. The proceedings revolve…
In a bid to address some medicine’s most pressing and contentious issues, a captivating seminar has been scheduled to take place in Miami, Florida, from 28th February to 1st March – the ‘Medical Liability and Health Care Law Seminar’. The seminar will be tackling a series of complex topics with the aim of creating meaningful…
The October Monthly Minute primarily focuses on two intriguing legal aspects that merit attention – The Sixth Circuit’s decision that emphasizes the adequacy of claim procedures and related judicial review standards, and the Supreme Court’s reluctance to get involved in the arbitration clause enforceability in ERISA litigation. Both topics are of emerging importance and carry…
In an intriguing turn of events, LawNext strayed somewhat from its standard discussion topics towards the dark but vital legal issue of wrongful convictions. In this episode, the spotlight was placed on Brian Banks, whose dreams of an NFL career were derailed when he was falsely accused of sexual assault at the tender age of…
In an age where data privacy concerns seem to rise in direct proportion with the escalation of online activity, new legislation arrives that poses significant obligations on data brokers. On October 10, 2023, California’s governor, Gavin Newsom, signed SB 362 into law, commonly referred to as the “Delete Act”. This enacts a stride towards establishing…
In a fervor of announcements that emerged last week, it appears as though the travel industry has cast a spotlight on small and medium-sized business (SMB) initiatives, with several members rolling out their own compelling online platforms. The impetus for this sudden surge in SMB focus remains unclear, but one thing is certain: it has…
As we approach the end of 2023, the realm of fintech unfolds an encompassing picture of swift adoption and regulatory dynamism. The upcoming hybrid event, FinTech 2023, scheduled for December 5th, in New York, NY, plans to serve as a comprehensive platform examining these multifaceted developments. Over the past few months, the fintech industry has…
In a recent ruling from Alberta, Canada, a senior executive has been held personally liable to his employer, following a noteworthy judgment from the Court of King’s Bench of Alberta. In the case of Breen v Foremost Industries Ltd, 2023 ABKB 552, the court dismissed the claim of a President and CEO who alleged wrongful…
A disturbing course of events has unfolded recently, involving a local judge being killed outside of his own home. The culprit continues to walk free, with a reward available for information aiding in his or her arrest. The details surrounding this heinous act, the possible motives, and who might be responsible remain subject to ongoing…
In a recent legal case that spotlights the complexities of property law, the defense of a deed that was signed by a 12-year-old was unsuccessful. Chronicled in an article on JD Supra, the case Bell and Petsch v. Petch revolved around a property dispute over five tracts of land in Gillespie County, Texas, pitting siblings…
In October 2023, the Consumer Financial Protection Bureau (CFPB) made significant strides in managing the banking and credit union industry’s practices related to nonsufficient fund fees (NSF fees). This news was part of the Bureau’s ongoing efforts to protect consumers and foster a fair financial marketplace. An enlightening October report from the CFPB shed light…
The Supreme Court of the United States, known as SCOTUS, recently announced its intention to hear Cantero v. Bank of America, N.A, a landmark case that centers around the contentious issue of state regulation in federally-chartered banks. The SCOTUS decision to review the case comes despite advice from the Solicitor General suggesting that such an…
On October 13, 2023, the Securities and Exchange Commission (SEC) adopted Rule 13f-2, mandating new reporting requirements concerning short sale activities to be followed by institutional investment managers. The new rule was adopted with the objective to increase transparency and oversight in the equity securities market, particularly focusing on short position data and short activity…