The Prudential Regulation Authority’s (PRA’s) director of insurance supervision, Shoib Khan, recently clarified the PRA’s approach to the UK (re)insurance market, including in the following key areas..…
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/ Business Organizations, Commercial Law & Contracts, Finance & Banking, Insurance
Increased strengthening of the global regulatory landscape in the (re)insurance industry has led to a similar increase in engagement between regulators and those they regulate. Specifically, Bermuda continues to be an attractive…
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/ Business Organizations, Commercial Law & Contracts, Finance & Banking, Insurance
A new duty on employers to take reasonable steps to prevent the sexual harassment of their employees takes effect on 26 October 2024.
The Current Rules -
While an employer can be vicariously liable for harassment committed…
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/ Civil Rights, Labor & Employment Law, Business Torts
With the EU’s AI Act having entered into force on August 1, 2024, companies now need to focus on its implementation. Although the AI Act will not be fully enforceable until August 2, 2027, some obligations will become binding…
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/ Administrative Law, International Law & Trade, Science, Computers, & Technology
On September 11, 2024, the Department of Commerce’s Bureau of Industry and Security (BIS) published a proposed rule that would require U.S. persons to report certain activities related to the development or acquisition of…
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/ International Law & Trade, Science, Computers, & Technology
On 27 September 2024, the UK’s financial sanctions regulator, the Office of Financial Sanctions Implementation (OFSI), announced that it had issued its first monetary penalty for a breach of UK financial sanctions imposed…
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/ Administrative Law, Business Organizations, Finance & Banking, International Law & Trade
The Federal Trade Commission (FTC) recently initiated an enforcement sweep called Operation AI Comply against several companies that allegedly “relied on artificial intelligence as a way to supercharge deceptive or unfair…
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/ Administrative Law, Antitrust & Trade Regulation, Consumer Protection, Science, Computers, & Technology
Ninth Circuit Affirms Dismissal of Insider Trading Claims Against Satellite Operator Investors Based on Stock Sales After FCC Chairman Vote -
In re Silver Lake Grp., LLC Sec. Litig. (9th Cir. July 24, 2024)
What to…
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/ Business Organizations, Business Torts, Mergers & Acquisitions, Securities Law
On 21 August 2024, the Financial Conduct Authority (FCA) published Thematic Review TR24/2 (Review), as part of its on-going scrutiny of the general insurance sector, focusing on pricing and value for money provided by insurance…
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/ Consumer Protection, Finance & Banking, Insurance, International Law & Trade
On September 24, 2024, the U.S. Court of Appeals for the Sixth Circuit temporarily stayed a preliminary injunction, previously issued by the U.S. District Court for the Southern District of Ohio, against a portion of Ohio’s new…
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/ Constitutional Law, Elections & Politics, Immigration Law
In this edition of Insights, we take a closer look at the megadeals and sponsor transactions driving recent M&A activity, the importance of staying ahead of the risks in AI development and deployment, and other diverse topics…
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/ Administrative Law, Commercial Law & Contracts, Labor & Employment Law, Mergers & Acquisitions, Science, Computers, & Technology
As AI systems become more complex, companies are increasingly exposed to reputational, financial and legal risks from developing and deploying AI systems that do not function as intended or that yield problematic outcomes…
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/ Business Organizations, Privacy, Science, Computers, & Technology
On September 23, 2024, the U.S. Department of Justice (DOJ) updated its Evaluation of Corporate Compliance Programs (ECCP) guidance. First published in 2017, the ECCP sets out factors that DOJ Criminal Division prosecutors will…
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/ Business Organizations, Criminal Law, Science, Computers, & Technology
California has enacted three new bills in an effort to curb the spread of misinformation and deceptive election content.
The bills — AB 2655, AB 2839 and AB 2355 — aim to strengthen protections against digitally altered…
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/ Communications & Media Law, Elections & Politics, Science, Computers, & Technology
On September 10, 2024, the European Court of Justice (ECJ or Court) sided with the European Commission (Commission) and ruled that two Irish subsidiaries of Apple Inc. received unlawful state aid from Ireland in the form of a…
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/ Antitrust & Trade Regulation, Civil Procedure, International Law & Trade, Taxation
