Legal

Americas

Q3 2018 review: venture capital financing and deal activity decline after record-setting H1

PwC and CB Insights recently released their Q3’18 “MoneyTree Canada report” (the Report), which provides an overview of investments in Canadian venture-backed companies. According to the Report, after an exceptional H1’18 (which we’ve covered in an earlier post), Q3’18 has seen a decrease in the number of deals, as well as in dollars invested....

CNN Sues Trump to Restore James Acosta's Press Credentials

President Donald Trump relationship with the media has been less than cordial. And his relationship with CNN has varied somewhere between icy and cold war. At a press conference in England this past summer, he told CNN's chief White House correspondent Jim Acosta, "CNN is fake news, I don't take questions from...

Satan Sues Netflix, and No, It's Not a Horror Flick

The Satanic Temple, a nontheistic religious and activist group, has sued Netflix over the use of the Baphomet statue in the "Chilling Adventures of Sabrina." If you don't know Sabrina, she's an adolescent who wrestles with her half-witch, half-human nature. So yeah, she's a teenager. Baphomet is a medieval deity...

7 Social Media Tips for Law Firms

If your law firm isn't on social media, you are simply missing out on some easy and free marketing that can be done in your downtime from anywhere. Every platform you want to be on has an app that will work on your smartphone, which you can peruse while watching TV, riding the train, or even while using the...

Florida Judge Extends 2018 Midterm Recount Deadline

This Thursday's deadline for the Florida 2018 midterm election recount had been looming as a Florida House hopeful asked the court to extend the deadline. Jim Bonfiglio, who is the mayor of Ocean Ridge, at the last count, was trailing his opponent, Mike Caruso, by only 37 votes. Bonfiglio's emergency request...

Asia Pacific

After Fintech, Singapore eyes Legaltech status

Singapore, a haven for disruptive fintech firms, is aiming to shake up Asia's legal sector next The Lion City will host Southeast Asia's first legaltech accelerator from April. The city-state's initiative aims to groom legaltech startups as well as incubate new business models or services conceived by law firms. Singapore's law academy has launched...

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...

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

Brazil: End of Age Limit for Assisted Fertilization

[unable to retrieve full-text content]Families ; Health; Pregnancy - 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... The Global Legal Monitor from the Law Library of Congress...

European Union: Adoption of Decision to Relocate Asylum Seekers

[unable to retrieve full-text content]Asylum; Immigration; Refugees; Treaties and International Agreements/Refugees - 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...

Cambodia: Protest Supports Villagers Challenging Foreign Forest Concession

[unable to retrieve full-text content]Foreign investments; Forests and timber; Judiciary; Minority rights; Natural resources - On September 22, 2015, a group of approximately 100 Cambodians from the Phnong ethnic group rallied to support five members of the group who were questioned in court and then released. The issues involved were...

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...

International

India’s New Anticorruption Law Casts Wider Net

The Indian Parliament amended the Prevention of Corruption Act (“POCA”) on  July 19, 2018. This legislation marks an important step for India towards checking political graft. Below are some highlights of the changes. Widening the net Unlike its predecessor, which only prosecuted bribe-givers as abettors, the new legislation goes further by prosecuting...

Company Wins Rule 502 Privilege Battle

Several interesting cases this year involve waiver and privilege jurisprudence. Perhaps none more sharply underscores the importance of a well-written proffer agreement when making disclosures to the government than a decision by the Fourth Circuit.  The court’s analysis depends in part on the operation of Fed. R. Evid. 502. Background Rule 502...

Brazil Strengthens Battle Against Corruption

In August 2018, in an effort to battle corruption, Brazil enacted Decree-Law No. 9,468/18, which provides broader power to the Public Transparency and Anti-Corruption Council.  The Council’s purpose is to discuss ideas and suggestions to improve policies and strategies aimed at combating corruption and impunity within the Federal Public Administration....

Third Circuit Clarifies Public Disclosure Bar in False Claims Act

Third Circuit Clarifies Public Disclosure Bar in False Claims Act In United States v. Omnicare, Inc., the Third Circuit clarified the operation of the public disclosure bar in the False Claims Act (FCA). The court held that publicly available information “could not have reasonably or plausibly supported an inference” of fraud. This information included...

Hoskins May Limit Extraterritorial Enforcement of U.S. Sanctions

The Second Circuit’s recent decision in United States v. Hoskins may impact enforcement of U.S. economic sanctions programs. The Hoskins decision precludes the government from charging a foreign national acting abroad with violating the Foreign Corrupt Practices Act (“FCPA”) through theories of conspiracy and accomplice liability. This holding...