Legal

Americas

Upheld: NY Can Require Nonprofits to Report Major Donors

Over free speech arguments, the U.S. Second Circuit Court of Appeals upheld New York's law requiring registered charities to disclose their donors.Citizens United had challenged the law, saying it violated the First Amendment by intimidating donors who want to remain anonymous. The free speech group also said the law was a prior restraint on the ability...

Settlement Offers Are Misleading in Time-Barred Debt Collection

One wrong word can make a big difference when a debt collector comes calling.No, it's not a four-letter word. (Debt collectors can be aggressive.) The word is "settlement."A company broke the law when it offered a settlement on a time-barred debt, a federal appeals court said. In Tatis v. Allied Interstate,  the decision revived a class-action...

3 Things You Can Learn From Bad Clients

'I just need some quick advice' -- famous first words from that time-wasting, non-paying client.Not to be harsh, but if someone starts with that line, your "no-pay-radar" should beep or something. Sure, you should give "quick advice" when appropriate, but if you make it a habit you will not make money.These are lessons from the trenches of law practice,...

Ethics Quiz: Was It OK for Trump's Lawyer to Say He Paid Stormy Daniels?

President Trump's personal lawyer, Michael Cohen, is facing a barrage of questions about the propriety of the payment, allegedly made personally by him, to Stormy Daniels. In case you've somehow managed to avoid this breaking headline, an adult entertainment actress was allegedly paid $130,000 as hush money, by Cohen, in order to keep quiet about her...

Should Law Firms Reply to Every Online Client Review?

When it comes to online reputation management, law firms often fear the damage that can be done as a result of negative online reviews. The fact that there are several platforms that allow the public to write reviews for lawyers and law firms means that lawyers and law firms should be actively monitoring these platforms, and participating if possible.A...

Asia Pacific

China updates New Industry Catalogue

PRC reduces regulatory procedures for foreign investments following its 2016 reforms. China creates a nationally applicable “negative list” for foreign investment, which opens up more industries for multi-national companies.Foreign Investments Filing Administrative Rules will be updated and published soon by the Ministry of Commerce to clarify...

Proposals to make free movement of data a principle of EU law expected this autumn

Ansip said proposed new EU legislation to tackle unnecessary restrictions on where data can be stored are likely to be published this autumn.The proposals will also look to make it easier for businesses to move their data between rival cloud providers and ensure that public sector bodies can access data held by authorities in another EU country to help...

New advertising standards in the UK to take tougher stance on gender stereotypes

The new standards will be drawn up by the Committee of Advertising Practice (CAP), according to a new report on gender stereotypes in advertising (64-page / 5.4MB PDF) published by the Advertising Standards Authority (ASA), the watchdog that oversees compliance with UK advertising rules.The CAP will also look to "clarify standards that reflect the ASA‘s...

BREXIT: Scottish government calls for protection of devolved powers

Minister for negotiations on Scotland’s place in Europe Michael Russell wrote to all MSPs asking them for full backing of the Scottish government's position. The move comes after the UK government published the European Union (Withdrawal) Bill on Thursday last week.Russell said the Scottish government had “serious concerns about the bill in a number...

UK government urged to avoid data transfers 'cliff edge' at point of Brexit

In a new report, a House of Lords committee warned that trade and security could be impacted if the flow of data is disrupted at the point of Brexit.To enable data to flow between the UK and EU post-Brexit, the EU Home Affairs Sub-Committee urged the UK government to seek a so-called 'adequacy' decision from the European Commission, which would recognise...

Europe

67% of law firms say skills shortages threaten growth

Despite the ongoing environment of geopolitical uncertainty, UK law firms remain optimistic about their growth prospects. That’s according to new research from specialist recruiter, Clayton Legal , which reveals that 66% of firms are looking to increase headcount over the next twelve months to contend with increased demand for their services. The...

Seedrs launches programme for financial intermediaries following record breaking Q3

The programme introduces wealthy individuals to early stage equity deals on Seedrs via their accountants, brokers and financial consultantsOver £3.6bn was invested into equity deals in the UK last year showing an increased appetite for startup investing45% of angels interviewed by the UKBAA about their early stage equity investments reported...

​Lamont Pridmore warn high earners about HMRC raids

Higher rate taxpayers have been warned by leading Cumbrian accountants Lamont Pridmore to be vigilant over their tax affairs.The warning comes after new data from HM Revenue & Customs (HMRC) shows that its Affluent Unit took an additional £438 million pounds of high earners.Off the back of this success the Unit, which investigates the tax affairs of...

A Legal Perspective on the Government’s Brexit White Paper

Following pressure from sections of Parliament and the public, Theresa May’s government has published a 77-page white paper document to set out a strategy for leaving the EU. But what does it add to what we already know? Stephen Chater, a solicitor at Postlethwate Solicitors, member firm of the UK200Group, explains.The UK200Group is the UK’s leading...

​32% law firms see private equity as a principal source of external funding

With growing competition from niche firms, law practices are actively seeking targeted acquisitions to scale-up in chosen disciplines.  32% see private equity as a principal source of external funding. Niche law firms seen as greatest source of competition. 59% of firms report a rise in competitive pressure. There is a sharp increase...

Mena

The parallel market listing rules

"...The formation of an advanced financial and capital market open to the world, allowing greater funding. To this end, we will continue facilitating access to investing and trading in the stock markets. We will smooth the process of listing private Saudi companies and state-owned enterprises, including Aramco. This will require deepening liquidity...

Law Library of Congress: Global Legal Monitor

Law Library of Congress: Global Legal Monitorhttp://www.loc.gov/lawweb/servlet/lloc_news?home</link> The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national...

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Brazil: End of Age Limit for Assisted Fertilization

To link to this article, copy this persistent link:http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404623_text (Sep 24, 2015) On September 22, 2015, the Brazilian Federal Council of Medicine (Conselho Federal de Medicina, CFM), issued Resolution No. 2,121/2015 on, inter alia, eliminating the need by women over 50 years of age to obtain the consent...

European Union: Adoption of Decision to Relocate Asylum Seekers

To link to this article, copy this persistent link:http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404624_text (Sep 25, 2015) On September 22, 2015, the EU Justice and Home Affairs Council adopted a proposal, introduced by the European Commission on September 9, 2015, in response to the unprecedented influx of migrants who have sought refuge in...

International

FinCEN proposes ban on Latvian bank

On February 13, 2018, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued a finding and notice of proposed rulemaking (“NPRM”), pursuant to the USA Patriot Act, seeking to prohibit the opening or maintaining of a correspondent account in the United States for, or on behalf of, ABLV Bank, AS (“ABLV”). Details...

SEC’s 2018 Exam Priorities Reflect Continued Focus on Cybersecurity

Annually, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (“OCIE”) publishes its examination priorities for the new year.  Recently, OCIE announced five priorities that will inform its examinations moving in to 2018. OCIE is committed to “promoting compliance, preventing fraud, identifying and monitoring...

Indian Insolvencies: From Blank Slate to Boomtown

Indian Insolvencies: From Blank Slate to BoomtownBy Global Restructuring ReviewIn the course of less than a year, India’s National Company Law Tribunals – the first port of call for hearing insolvency cases – have gone from a standing start to becoming fully fledged adjudicatory bodies capable of handing down tens of thousands of final decisions....

UK Bar 2018: Roundtable

UK Bar 2018: RoundtableFebruary 2018Who’s Who Legal has brought together David Grief, Senior Clerk at Essex Court Chambers and Oliver Parkhouse, Director of Clerking at 12 King’s Bench Walk to discuss the current state of the UK Bar. They explore the development of the role of the clerk in Chambers, as well as key issues such as the effects of the...

Consulting Experts - Future Leaders 2018

Consulting Experts - Future Leaders 2018February 2018In the latest addition to WWL’s Future Leaders series, we are pleased to announce WWL: Consulting Experts – Future Leaders, which will highlight the leading experts aged 45 or under in the following categories:Financial Advisory and Valuation – Quantum of DamagesEconomics – Competition EconomistsConstruction...