News & Analysis as of

Threshold Requirements

Shook, Hardy & Bacon L.L.P.

Privacy and Cybersecurity Client Alert | The Bayou Twist: Louisiana’s $25 Million Question

Same privacy playbook, bigger audience: Louisiana’s new law expands coverage because it applies to any company with more than $25 million in revenue. With a fast-approaching effective date and a short cure period, now is the...more

McDermott Will & Schulte

Major reform of French merger control notification thresholds effective September 1, 2026

On May 26, 2026, France adopted a significant reform of its merger control regime by substantially increasing the turnover thresholds that trigger mandatory notification to the French Competition Authority (the FCA)....more

K&L Gates LLP

Defense Contractors Face Expansion of National Security Disclosure and Mitigation Requirements to Unclassified Contracts

K&L Gates LLP on

On 7 May 2026, the Department of War (DoW) released a proposed rule that would, for the first time, extend foreign ownership, control, or influence (FOCI) review and mitigation requirements to uncleared contractors performing...more

Herbert Smith Freehills Kramer

Australia's Foreign Investment Framework: Proposed Reforms Signal Streamlining – But Read the Fine Print

In the 2026-27 Budget, the Government announced a package of legislative, policy and practice reforms to further streamline and strengthen Australia's foreign investment framework. These reforms build on the Government's 2024...more

McDonald Hopkins

Tennessee bans non-competes based on employee income

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On May 7, 2026, Tennessee’s Governor signed House Bill 1034 (HB 1034) into law, prohibiting employers from requiring, requesting, or enforcing non-compete agreements with workers who earn less than $70,000 annually. The law...more

Sterne, Kessler, Goldstein & Fox P.L.L.C.

Part III: Déjà Vu at the CRU: Early Lessons From the USPTO’s Patent Owner Pre-Grant Paper

This article follows Part I and Part II on the new patent owner pre-grant paper procedure. The USPTO’s new pre-order patent owner submission appears to be more than a procedural adjustment....more

McDermott Will & Schulte

New SEC “qualified client” thresholds take effect June 29

The US Securities and Exchange Commission (SEC) issued its periodic inflation adjustment to the “qualified client” dollar amount tests under Rule 205-3, with the new thresholds taking effect on June 29, 2026. The...more

Herbert Smith Freehills Kramer

Learnings from the first year of the new ECOWAS merger control regime

One year into the ECOWAS Regional Competition Authority’s merger control function, what lessons have emerged for dealmakers navigating West Africa’s evolving antitrust landscape? It has now been a little over a year...more

K&L Gates LLP

United States: SEC’s Updated Qualified Client Standards Take Effect 29 June 2026

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The United States Securities and Exchange Commission’s (SEC) inflation adjustment to the qualified client thresholds under Rule 205-3 of the Investment Advisers Act of 1940 will become effective on 29 June 2026, and will...more

Mayer Brown

Below-Threshold Mergers in France: Where Do We Stand After the Doctolib Decision and the Increase of Filing Thresholds?

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In 2025, for the first time, the French Competition Authority (FCA) fined a company in respect of a below-threshold acquisition of a competitor on the basis of rules prohibiting abuse of dominance. A few months later, France...more

McDermott Will & Schulte

Privacy in the bayou: Louisiana to debut new data privacy law

On May 21, 2026, the Louisiana State Senate passed Senate Bill 386, which if signed by Louisiana’s governor, will become the Louisiana Data Privacy Act (the LDPA) and come into effect January 1, 2027....more

A&O Shearman

Get set for increased French merger control thresholds

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In May 2026, a French bill was enacted that provides for an increase in the thresholds triggering merger control review by the French competition authority (FCA). The change—which will take effect on September 1, 2026 —is...more

Perkins Coie

May Tip of the Month: New Jersey Expands Family Leave Protections Effective July 2026

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Effective July 17, 2026, significant amendments to the New Jersey Family Leave Act (NJFLA) will take effect....more

Sheppard

Tennessee Changes Its Non-Compete Landscape

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Empty heading Tennessee is poised to enact significant new limitations on non-compete agreements. The Tennessee General Assembly passed House Bill 1034 (“HB 1034”), introducing two key changes to the law governing restrictive...more

Hogan Lovells

Higher merger control thresholds in France

Hogan Lovells on

Starting September 1, transactions are reportable to the French Competition Authority if (i) at least two parties to the transaction have combined worldwide revenues exceeding €250 million and (ii) each of those parties...more

Vedder

SEC Raises Qualified Client Thresholds Effective June 29, 2026

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On April 28, 2026, the SEC increased the financial thresholds for “qualified client” status under Rule 205-3 of the Advisers Act. The change, which takes effect June 29, 2026, reflects the SEC’s required five‑year inflation...more

Burr & Forman

DOL Formally Reinstates Pre-2024 Salary Thresholds After Court Rulings

Burr & Forman on

On May 14, 2026, the Department of Labor issued a technical amendment formally reinstating the 2019 regulation establishing the salary threshold for exempt executive, administrative, and professional employees under the Fair...more

Cooley LLP

Europe’s New Tech-Licensing Rules: Evolution, Not Revolution

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On May 1, the European Union’s revised Technology Transfer Block Exemption Regulation (TTBER) and accompanying Technology Transfer Guidelines came into force. The new rules replace a framework that had been in place since...more

Akin Gump Strauss Hauer & Feld LLP

States Continue to Restrict Non-Compete Agreements: Tennessee and Virginia Enact New Laws

Non-compete agreements continue to face increased scrutiny at the state level. Following years of growing restrictions—including expanded protections for low-wage workers and heightened enforcement mechanisms—Virginia and...more

Morrison & Foerster LLP

SEC Proposes Streamlined Filer Status Categories and Increased Access to Scaled Disclosure Accommodations

On May 19, 2026, the U.S. Securities and Exchange Commission (SEC) issued a proposal (the “Proposal”) that would significantly simplify the framework used to categorize public company “filer status” for purposes of periodic...more

Morrison & Foerster LLP

SEC and CFTC Propose Scaling Back Form PF Requirements

On April 20, 2026, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) (collectively, the “Commissions”) jointly proposed amendments to Form PF that would substantially reduce...more

White & Case LLP

SEC raises “qualified client” thresholds for Advisers Act Rule 205-3 performance fee prohibition exemption

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On April 28, 2026, the Securities and Exchange Commission (the "Commission") issued Release No. IA-6961 (the "Order"), approving an inflation adjustment to the dollar amount thresholds used to determine "qualified client"...more

Sheppard

Overtime Overturned: A Closer Look at the DOL’s Latest Threshold Reversal

Sheppard on

On Thursday, May 14, the U.S. Department of Labor (DOL) issued a technical amendment formally restoring the pre-2024 regulatory text governing overtime exemptions under the Fair Labor Standards Act (FLSA), implementing...more

Lowenstein Sandler LLP

SEC Raises Qualified Client Thresholds: What Advisers Need To Do Before June 29

Lowenstein Sandler LLP on

The Securities and Exchange Commission (SEC) has raised the dollar thresholds for “qualified client” status under Rule 205-3 of the Investment Advisers Act of 1940 (Advisers Act). The increases, which will take effect on June...more

Cozen O'Connor

No Coverage, No Bad Faith: Majority of States Enforce the Threshold Requirement

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One of the most settled—but frequently litigated—principles in insurance law is that bad‑faith liability is derivative of coverage. In general, an insurer cannot be liable for bad faith where it did not owe coverage or...more

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