The “Lummis-Gillibrand Responsible Financial Innovation Act,” lays out a bold agenda for legal reform across multiple regulatory regimes aimed at clarifying legal requirements for regulated entities to issue, trade, and provide services related to certain digital assets. This article provides a brief summary of 10 impactful provisions from the bill.
Companies doing deals and business in the European Union may soon see more red tape added to the already complex set of European regulations on merger control, EU state aid and foreign investment control. On 30 June 2022, the European Parliament and the Council announced their agreement on a new regulation, which will give the European Commission (EC) far-reaching powers to intervene in, and possibly prohibit, M&A transactions and public tender bids involving companies that have received apparently distortive foreign subsidies from non-EU governments. This article discusses the EU Foreign Subsidies Regulation (FSR) that allows the EC to review transactions affected by foreign subsidies and to remedy any possible distortive effects.
Summary Plan Descriptions (SPDs) are an essential mechanism for employers to use when informing employees and participants of benefits offered under their plans. SPDs tell employees and plan participants what the plan documents say, including what their benefits are, what they need to do in order to get a benefit, and how those benefits are going to be paid to them. Therefore, it is important that SPDs are correct and accurate and sent to everybody who needs to get them.
This article discusses some of the key do’s and don’ts with respect to SPDs.
On June 23, 2022, the Supreme Court of the United States issued its decision in New York State Rifle & Pistol Association v. Bruen, which significantly expanded Americans’ right to bear arms as guaranteed by the Second Amendment. More accurately, the Court significantly curtailed a state’s ability to restrict Americans’ right to publicly carry arms for self-defense. The Bruen decision does not mention the workplace. Nor does the ruling apply directly to the rights of private employers or prevent businesses from enforcing their own restrictions on possession and carry of firearms at their facilities (which the Court indirectly endorsed). The opinion will, however, undoubtedly impact businesses and employers now and in the future. Indeed, in addition to serving as the impetus for a likely increase in guns carried in public generally, the decision will also provide the foundation for subsequent challenges of private restrictions, including workplace bans on guns. Whether those challenges will bear any fruit remains to be seen. What is clear is that Bruen brought gun laws back to the forefront of the national consciousness, and with it a reminder for employers to revisit their workplace restrictions, as well as the law of the state(s) in which they operate.
Learn about key EU and national public procurement regulations, in this multi-jurisdictional guide.
Learn about key restructuring and insolvency laws in this multi-jurisdictional guide.
In this article, learn about insolvency questions regarding crypto assets.
Learn about ownership issues regarding Non Fungible Tokens (NFTs).
Learn about key data protection and cybersecurity laws in this multi-jurisdictional guide.
Data risk was once thought of as a technical challenge. However, the onslaught of data breach and data privacy legislation, and subsequent litigation have changed this outlook. There is one activity that everyone is aware of which, if well-executed, can lower technical, legal, and privacy risks and increase compliance: a data retention/deletion program. Check out this whitepaper from Exterro to learn more about data retention programs.