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Holland & Knight LLP

California Ends the Legislative Session with Expanded Reporting Requirements, Less Clarity

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Amendments made by the California Office of Health Care Affordability (OHCA) to its cost and market impact review (CMIR) regulations became effective on Aug. 22, 2024, and serve to expand the scope of the Health Care Quality...more

Fenwick & West LLP

Securities Law Update - August 2024

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Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains news on...more

Goodwin

EU AI Act: Key Points for Financial Services Businesses

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The European Union (EU) Artificial Intelligence Act (AI Act), Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence and amending...more

Awatif Mohammad Shoqi Advocates & Legal...

UAE Implements Revised Penalties and Amendments Under Consumer Protection Law

The Ministry of Economy in the UAE has recently introduced a comprehensive list of violations under Cabinet Decision No. 66/2023 concerning the Executive Regulation of Federal Law No. 15/2020 on Consumer Protection. Federal...more

Seyfarth Shaw LLP

BIPA LEGISLATIVE UPDATE: Governor Pritzker Signs Amendment Limiting Damages To A Single Recovery

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Earlier this year, we reported that the Illinois Senate passed Senate Bill 2979 with a vote of 46 to 13, and the Illinois House of Representatives passed Senate Bill 2979 with a vote 81 to 30. This bill addressed concerns...more

Littler

Damage Control: Illinois Enacts Amendment to the State’s High Risk Biometric Information Privacy Act

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On August 2, 2024, Illinois Governor J.B. Pritzker signed into law Senate Bill 2979 (the “Amendment”), implementing long-awaited, highly anticipated reform to the Illinois Biometric Information Privacy Act (BIPA). The...more

Baker Botts L.L.P.

Governor Pritzker Signs BIPA Amendment, Nick Palmieri

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On August 2, 2024, Illinois Governor Pritzker signed P.A. 103-0769 which amended the Biometric Information Privacy Act (BIPA) that regulates the collection, use, and disclosure of biometric identifiers and information by...more

A&O Shearman

European Commission Adopts Delegated Regulation Amending EU Capital Requirements Regulation Postponing Application Date of Own...

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The European Commission has adopted a Delegated Regulation amending the EU Capital Requirements Regulation with regard to the date of application of the own funds requirements for market risk. In addition, alongside the...more

BCLP

Further Changes to the Energy (Oil and Gas) Profits Levy Announced

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The UK government has announced further changes to the Energy (Oil and Gas) Profits Levy, increasing the rate to 38%, extending the period to which it applies to 31 March 2030 and removing the “unjustifiably generous” main...more

Hogan Lovells

A long awaited amendment to Polish copyright law

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The amendment to the Polish Copyright law aligns Polish regulation with the SATCAB II and DSM directives. Despite the works on the amendment being at their final stage , the new provisions still generate much controversy and...more

Fenwick & West LLP

Commerce Department Expands Export Jurisdiction for Foreign-Made Items to Iran: Foreign Direct Product Rule Update

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On July 24, 2024, the Commerce Department’s Bureau of Industry and Security (BIS) announced amendments to the U.S. Export Administration Regulations (EAR), expanding the reach of U.S. export jurisdiction over certain...more

Holland & Knight LLP

Se modifica competencia en materia de licencias ambientales en el sector eléctrico de Colombia

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A través del Decreto 0582 del 5 de julio de 2024, se modificó el Decreto 1076 de 2015 para ajustar las competencias en materia de expedición de licencias ambientales para proyectos de exploración y uso de fuentes de energía...more

Foley Hoag LLP

Reminder: New Say-on-Pay Disclosures for Institutional Investment Managers Now Effective

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The Securities and Exchange Commission (“SEC”) adopted amendments to Form N-PX on November 2, 2022. Previously, Form N-PX applied solely to registered investment companies (i.e., mutual funds, exchange-traded funds and...more

K&L Gates LLP

June 2024 ESG Policy Update—Australia

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Australian Update - Australia and EU Enter Into Critical and Strategic Minerals Partnership - On 28 May 2024, Australia and the European Union (EU) signed a Memorandum of Understanding (MOU) for a bilateral partnership to...more

Williams Mullen

Communication is Key: OSHA’s Amended Hazard Communication Standard

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OSHA is amending its Hazard Communication Standard (HCS) regulations which require chemical manufacturers and importers to classify the hazards of chemicals they produce or import and to provide their employees information...more

Morgan Lewis

SEC’s New Data Breach Requirement Increases Obligations for Financial Services Companies

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The US Securities and Exchange Commission has adopted amendments to Regulation S-P requiring entities under its remit to provide notice to individuals affected by certain types of data breaches. This adds yet another...more

A&O Shearman

New UK Securitization Regime Set to Start on November 1, 2024

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The Securitisation (Amendment) Regulations 2024 were made on May 22, 2024 and come into force for the most part on November 1, 2024. The Amending Regulations supplement the new U.K. securitization regime established under the...more

Steptoe & Johnson PLLC

American Arbitration Association Amends Construction Industry Arbitration Rules

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Many construction contracts call for disputes to be decided by arbitration under the auspices of the American Arbitration Association (AAA). In 2024, the AAA amended its rules governing AAA construction industry arbitrations....more

Sullivan & Worcester

Boston Planning and Development Agency Approves Proposal for Net Zero Carbon Zoning

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On June 13, 2024, the Boston Planning & Development Agency (“BPDA”) Board of Directors approved a proposed zoning text amendment regarding Net Zero Carbon (“NZC Zoning”) and authorized its submission to the Boston Zoning...more

WilmerHale

SEC Modernizes Data Protection Rules for Safeguarding Customer Information

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Last month, the Securities and Exchange Commission (the SEC or the Commission) unanimously voted to adopt amendments to Regulation S-P (Reg S-P), which is the SEC’s regulation governing the treatment and safeguarding of...more

Dorsey & Whitney LLP

SEC Adopts Amendments to Expand the Requirements of Regulation S-P for Registered Investment Advisers and Broker-Dealers

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On May 16, 2024, the SEC adopted amendments (the “Amendments”) to Regulation S-P to require SEC-registered investment advisers and broker-dealers (collectively, “Covered Institutions”) to develop, implement, and maintain...more

Kaufman & Canoles

Supreme Court of Virginia Strictly Construed a Restrictive Covenant to Hold That the Plain Meaning of the Term “Modified” Does Not...

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This morning, June 6, 2024, the Supreme Court of Virginia issued an important decision concerning the construction and modification of restrictive covenants. In Todd J. Westrick et al. v. Dorcon Group, LLC, available...more

Holland & Knight LLP

Council on Environmental Quality Substantially Rewrites NEPA Regulations

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The Council on Environmental Quality (CEQ) on May 1, 2024, published its Phase II regulations1 under the National Environmental Policy Act (NEPA).2 As part of a multiphase effort to amend the NEPA regulations that straddled...more

Holland & Knight LLP

OFAC Amends Regulations to Support Cuban People, Independent Private-Sector Entrepreneurs

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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR), 31 CFR Part 515, to promote internet freedom in Cuba, support independent Cuban private-sector...more

WilmerHale

Divided CFTC Releases “Gaming” Event Contract Rule Proposal

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On May 10, 2024, the Commodity Futures Trading Commission (CFTC or Commission) proposed amendments to CFTC Regulation 40.11 (the Proposed Rule) that further define “gaming” contracts considered “contrary to the public...more

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