Post-Election Analysis: The Future of US Policy and Implications for Businesses and the Economy
The US federal election could have sweeping regulatory and legislative impacts across virtually every major sector of the economy. To help understand how government policy might change over the next four years and what that means for domestic and global businesses, we invite you to join the first of our post-election programs.
UPDATED – June 29, 2022
UPDATED – June 28, 2022
UPDATED – May 12, 2022
UPDATED – May 12, 2022
On 12 April 2022 the European Banking Authority published final draft regulatory technical standards relating to risk retention pursuant to the EU Securitisation Regulation. The Final Draft will enter into force on the 20th day following its publication. It will replace the current technical standards under the EU Capital Requirements Regulation.
On April 14, 2022, the US Financial Crimes Enforcement Network (“FinCEN”) urged financial institutions to focus on detecting, reporting, and blocking funds associated with kleptocracies and other forms of foreign public corruption.
Electronic Discovery & Information Governance – Tip of the Month: Adapting Information Governance and eDiscovery to the “New Normal”
In this scenario we look at a large financial services firm engaged outside counsel and an eDiscovery provider for an internal investigation relating to trading activities that may result in the need for disclosures to regulators and follow-on civil suits.
The conflict in Ukraine has caused civilian casualties and destruction of infrastructure. Since the Ukraine-Russia military crisis escalated two months ago, over 5.2 million Ukrainians have left their homeland as they seek safety and protection in neighboring countries and abroad.
Over the past two months, approximately 5 million Ukrainians have departed their homeland due to the escalating military conflict with Russia. Poland has received the majority of these individuals—taking in more than 2.8 million people according to the latest estimate from the UN High Commissioner for Refugees.
Landmark Decision from California’s Supreme Court Confirms Limitation on Ability to Assert Tort Claims Against Lenders
A recent, important decision from California’s Supreme Court clarifies lender liability in connection with servicing loans in default and limits a homeowner’s ability to assert tort claims against lenders and loan servicers.
Late last year President Biden issued the Executive Order on Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability (the Clean Energy EO) to set aggressive decarbonization goals for federal agencies.1` The federal government is the largest energy consumer in the United States.
Utah has become the fourth state to pass comprehensive consumer data privacy legislation. The Utah Consumer Privacy Act (“UCPA”) into law on March 24, 2022. This Legal Update discusses the UCPA’s scope; compares it with the other state privacy laws in the areas of exemptions, data subject rights and data controller obligations; and notes important dates related to the new law.
The Hong Kong government has imposed a number of restrictions and measures which most notably now include the requirement for a “Vaccine Pass” to enter certain premises. We summarise the latest obligations and requirements (based on what we know so far) and other key COVID-related restrictions.
Russia’s invasion of Ukraine has prompted many western companies to stage a mass commercial exodus from Russia, as businesses have decided that, even if they are not caught by sanctions, it is no longer appropriate or desirable to maintain a presence there.
Attorney General Garland Issues Memorandum on Freedom of Information Act Guidelines to Federal Departments and Agencies
On March 15, 2022, Attorney General Merrick B. Garland sent a memorandum to the heads of federal departments and agencies concerning Freedom of Information Act (“FOIA”) issues. In the memorandum, he urged departments and agencies to employ a “presumption of openness” in responding to FOIA requests.
Allocations of $615 million in funds for electric vehicle (EV) infrastructure in the US under the National Electric Vehicle Infrastructure Formula Program moved forward with recent publications from the US Department of Transportation (DOT) – States have been given a deadline to apply for funding.
Climate Risk Management and Community Reinvestment in the US: Competing or Complementary Priorities?
Michael Hsu, the acting comptroller of the US Office of the Comptroller of the Currency (“OCC”), unveiled the concept of climate redlining as a new aspect of his agency’s initiative for addressing climate-related financial risks. He recognized an inherent tension between the goals of lending to underserved communities and managing climate-related financial risks.
Over 1.2 million people have departed Ukraine for neighboring European countries.