Morrison & Foerster LLP

An unpaid internship for a college student has almost become a rite of passage. Many advocates, however, charge that unpaid internships are just a form of unpaid labor, regardless of the benefits enjoyed by students and…more

Ever since UK law was changed to permit courts to set aside improperly awarded public contracts, there has been a series of unsuccessful attempts to invoke the new remedy. Successful set-aside applications have been rare enough…more

Last week, the Ninth Circuit issued a broad FDA preemption ruling that elbows aside federal deceptive-labeling claims in the latest slugfest between Pom Wonderful and Coca-Cola that has been going on for almost five years. The…more

We recently advised Royal Bank of Canada on its filing of a registration statement with the United States Securities and Exchange Commission for the first public offer of covered bonds in the United States. This filing was made…more

As the average duration of outsourcing contracts continues to become shorter, the issue of exit grows in importance. By tradition, best practice in negotiating exit terms has been: plan it early, and work hard to make it…more

In a speech last Thursday, May 10, 2012, the Acting Chairman of the Federal Deposit Insurance Corporation (“FDIC”), Martin J. Gruenberg, outlined the agency’s strategy for the Orderly Liquidation Authority (“OLA”). On its face…more

On April 11, 2012, the Financial Stability Oversight Council (the “Council”) gave more shape to the framework of systemic risk regulation by publishing a final rule (the “Rule”) that sets forth the process for the designation of…more

In April 2012, President Obama signed the Jumpstart Our Business Startups Act (the JOBS Act) into law. The Act focuses upon stimulating economic growth by making it easier for smaller businesses to raise capital. Among the…more

In This Issue: SEC Reopens Comment Period on Target Date Retirement Funds Proposal; Congress Enacts the JOBS Act, Repeals Ban on General Solicitation and General Advertising; SEC Approves New FINRA Advertising Rules; SEC…more

Originally published in International Financial Law Review on May 10, 2012 A casual observer considering the prevailing attitudes in the US over the last few years toward foreign issuers might have sensed heightened concern…more

Potential Civil and Criminal Penalties under Consideration Against a background where Hong Kong has been the world’s leading IPO center for the third year in a row, the Hong Kong Securities and Futures Commission (SFC) has…more

Incumbent employees on federal government services contracts frequently are offered positions by successor contractors on follow-on contracts, but proposed rule changes would significantly limit the new contractor's discretion…more

Last week, the Federal Circuit addressed the pre-America Invents Act (“AIA”) standard for joinder in patent cases. In In re EMC Corporation, the Federal Circuit held that: (1) mandamus is an available remedy for a district…more

Originally published in Practical Law Company. Although characterized in the press as principally addressing the needs of small and micro-cap companies, provisions in the JOBS Act are applicable to a broad range of both…more

In This Issue: Latest: SFC Revokes Mega Capital’s Sponsor License; Statutory PSI Disclosure Regime Approved; The New Professional Debt Regime under Chapter 37; Listing Committee Report 2011; Financial Statements Review…more