The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.
The U.S. Department of Labor published a final rule on January 9, 2024, defining "independent contractor" under the Fair Labor Standards Act (FLSA). The final rule went into effect on March 11, 2024. The final rule rescinds a 2021 rule defining the same term, and in its place, adopts a six-factor test focused on the "economic reality" of the relationship between a potential employer and a worker. The test asks whether, as a matter of economic realities, the worker depends on the potential employer for continued employment or is operating an independent business.
In this legal update, the panel explored and explained the DOL's six-factor test, and discussed:
Implications on businesses who utilize contractors
How it intersects with FDIC Section 19
Predictions on the future of litigation on contractor classifications
This is one of the most activist FTCs in decades, with a flurry of rulemaking and big tech litigation, and they haven’t forgotten about financial services.
We heard from Baker Hostetler Partner, Amy Mudge, who has 25 years of experience defending FTC investigations. She’ll brought you up to date on the latest including giving updates on the:
This is one of the most activist FTCs in decades, with a flurry of rulemaking and big tech litigation, and they haven’t forgotten about financial services.
We heard from Baker Hostetler Partner, Amy Mudge, who has 25 years of experience defending FTC investigations. She’ll brought you up to date on the latest including giving updates on the:
This program will cover the current EU-US Data Transfer Pact's key points, how and why it was initiated, current challenges, as well as the related UK framework likely to go into effect soon.
Within the next 12 to 18 months, it is anticipated that all 50 states will enact the Uniform Commercial Code (UCC) 2022 Amendments, including the new UCC Article 12. The UCC 2022 Amendments introduce significant changes and additions to the existing framework. Specifically, they establish: (a) A new asset category called "Controllable Electronic Record" (CER), which includes digital assets with specific characteristics such as cryptocurrencies (e.g., Bitcoin and Ether), NFTs, stablecoins, and others. (b) Rules designed to protect good faith âpurchasers" of CERs, enabling them to acquire these assets free from competing property claims. (c) An exhaustive regime to create and perfect security interest in CERs and asset-specific priority rules. In addition, the UCC 2022 Amendments introduce new rules aimed at simplifying the commercial use of electronic documents of title, electronic chattel paper, and electronic negotiable instruments. These reforms are of great importance as they impact the private law regime for the buying and selling of digital assets, as well as their use as collateral. This program will focus on highlighting some of the key changes that are particularly relevant to in-house counsel.
Within the next 12 to 18 months, it is anticipated that all 50 states will enact the Uniform Commercial Code (UCC) 2022 Amendments, including the new UCC Article 12. The UCC 2022 Amendments introduce significant changes and additions to the existing framework. Specifically, they establish: (a) A new asset category called "Controllable Electronic Record" (CER), which includes digital assets with specific characteristics such as cryptocurrencies (e.g., Bitcoin and Ether), NFTs, stablecoins, and others. (b) Rules designed to protect good faith âpurchasers" of CERs, enabling them to acquire these assets free from competing property claims. (c) An exhaustive regime to create and perfect security interest in CERs and asset-specific priority rules. In addition, the UCC 2022 Amendments introduce new rules aimed at simplifying the commercial use of electronic documents of title, electronic chattel paper, and electronic negotiable instruments. These reforms are of great importance as they impact the private law regime for the buying and selling of digital assets, as well as their use as collateral. This program will focus on highlighting some of the key changes that are particularly relevant to in-house counsel.
This program originally aired on October 3, 2023. Please note that the on-demand format of this program is not eligible for CLE/CPD credit.
Cybertheft, fraudulent schemes, government sanctions for money-laundering and corruption, and countless other scandals have plagued the cryptocurrency industry for years, leaving the future of the enterprise uncertain. Join this panel to establish an effective compliance program designed to avoid these traps, and explore insights into potential U.S. government cryptocurrency regulations.
Cybertheft, fraudulent schemes, government sanctions for money-laundering and corruption, and countless other scandals have plagued the cryptocurrency industry for years, leaving the future of the enterprise uncertain. Join this panel to establish an effective compliance program designed to avoid these traps, and explore insights into potential U.S. government cryptocurrency regulations.
