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The US Supreme Court issued a temporary nationwide stay Thursday that revived the Corporate Transparency Act , which regulates money laundering by requiring small businesses to register with the United States Treasury Department’s Financial Crimes Enforcement Network.
These measures are not merely corporate responsibilities but essential steps toward eliminating forced labor from the economic systems. The post World Economic Forum urges corporate action to eradicate forced labor appeared first on JURIST - News.
A group of 31 legal scholars from various European universities on Friday criticized the European Union (EU)’s proposal to reform corporate sustainability regulations, known as the Omnibus Simplification Package. Therefore, the signatories emphasized the need to retain the obligation outlined in Article 22 of the CSDD.
The 5th US Circuit Court of Appeals on Thursday temporarily blocked the enforcement of an anti-money laundering law that mandates corporate entities to disclose to the US Treasury Department the identities of their true beneficial owners. challenged the Corporate Transparency Act and its reporting rule in Texas Top Cop Shop, Inc.
You'll discover practical strategies and tips that legal professionals can use to streamline contract processes and enhance collaboration, making significant impact across legal and corporate departments. Join us as we show how you can supercharge contract processes, improve team communication, and take your contributions to the next level.
The Council of the European Union approved the EU Directive on corporate sustainability due diligence (CSDDD) on Friday. The CSDDD was approved with 374 votes in European Parliament and will take a risk-based approach to ensuring corporate responsibility.
The list of sanctioned Russian individuals includes several corporate directors, such as Vladimir Artyakov, First Deputy General Director of Rostec State Corporation, Sergei Petrov, CEO and owner of PSV Technologies LLC, Pavel Marinychev, CEO of the diamond mining company Alrosa, and Ruslan Bulatov, General Director of LLC Testkomplekt.
The Canada Energy Regulator (CER) ordered Trans Mountain Corporation to cease its Trans Mountain oil pipeline expansion work in a wetland area near Abbotsford, British Columbia, on Thursday. Section 94 of the CER Act requires corporations to take reasonable care in protecting property and the environment.
Now, it appears corporations are taking aim at slashing CEO pay packages before they even award the compensation. Corporate directors, pay attention. The post Compensation Clawbacks Begin to Take Hold in Corporate America appeared first on Intelligize. The CEO of beleaguered agricultural giant Archer-Daniels-Midland Co.,
On March 2, 2025, the Treasury Department announced a significant shift in the enforcement and scope of the Corporate Transparency Acts beneficial ownership information (BOI) reporting requirements. The post Important Update on the Corporate Transparency Act appeared first on Parasec. Read the offical release here.
Corporate Paralegal and Paralegal Educator Kai Williamson, M.Ed., She is currently the Senior International Corporate Paralegal and Director of Global Corporate Governance at Alorica Inc. Kai Williamson, M.Ed. brings an impressive 33 years of paralegal experience and 17 years as a paralegal educator.
This weekend, the Financial Crimes Enforcement Network (FinCEN) released a statement about the nationwide preliminary injunction that is temporarily stopping the enforcement of the Corporate Transparency Act (CTA). The post Important Update Regarding Corporate Transparency Act (CTA) appeared first on Parasec.
Greg Abbott on Wednesday signed into state law a corporate reform bill that codifies the "business judgment rule," which provides immunity for corporate directors from personal liability for company decisions.
This was a setback for the environmental advocacy group Milieudefensie, which sought legal avenues to enforce corporate climate action. The case has been closely watched as a potential precedent for corporate climate accountability.
Seyfarth Shaw LLP has appointed a partner as chair of the firm's litigation department and named its mergers and acquisitions practice co-chair as the firm's next corporate department chair, the firm said Friday.
Serious Fraud Office has released new guidance showing it may seize the opportunity to play a heightened role in regulating corporate misconduct by U.S. In light of the U.S.' pause in Foreign Corrupt Practices Act enforcement, the U.K. companies with a global presence, particularly over the next few years, say attorneys at Paul Weiss.
About the Author Chere Estrin has over 20 years of experience in the staffing arena, including executive positions in law firms, litigation support companies, and the legal staffing divisions of a $5billion publicly held corporation. The field needs experts in this new field. Salaries to be determined.
Malaysia’s state investment fund 1 Malaysia Development Berhad (1MDB) filed on Monday a lawsuit against corporate services provider Amicorp Group and its Chief Executive Officer (CEO), Toine Knipping, for allegedly facilitating the money laundering of over $7 billion in misappropriated funds, local media reported.
Over 360 human rights organizations and activists, including the International Federation for Human Rights and eleven of its member groups, urged the EU to reject the proposed “Omnibus” directive, arguing that it would significantly weaken corporate sustainability laws.
PERSUIT, a technology company that specializes in outside counsel management for corporate legal departments, has acquired Apperio, a spend-management platform for corporate legal. The news comes as the CLOC Global Legal Institute, a conference devoted to legal operations professionals in corporate legal, kicks off today in Las Vegas.
The Securities Exchange Act of 1934 identifies certain types of conduct in the markets and requires that certain information be given to a corporation’s shareholders as a prerequisite to soliciting votes.
But regardless of whether youre a sole general counsel, a small in-house team, or starting out with a few more hands at the helm, your corporate legal department structure can have a significant impact on how effectively youre able to serve the business.
These are some of the stories in corporate legal news you may have missed in the past week. Meanwhile,regulators who oversee data privacy enforcement in California, Colorado and Oregon are pushing for companies to be more responsive and open to investigative inquiries.
A US federal judge on Thursday denied Target Corporation’s (Target) motion to dismiss a class-action lawsuit alleging the retailer collected and stored customers’ biometric data without proper notice or consent. A class-action lawsuit was filed in May 2024 by four Illinois residents on behalf of shoppers in the state.
The CNN report, aired on The Lead with Jake Tapper, stigmatized Young as an illegal profiteer who exploited “desperate Afghans” At trial, Young stated that corporations and charities covered Nemex’s expenses to assist at-risk Afghans during the chaotic US military withdrawal.
Last March, I wrote here about SingleFile, a company whose mission is to help businesses navigate complex regulatory environments effortlessly by automating outdated filing processes and leveraging AI technology in a unified cloud platform.
Ari Kaplan interviews Paulo Varnieri, a corporate partner at Holland & Knight, and Ross Guberman, founder and CEO of Law Catch. The post Taking Advantage of AI-Empowered Drafting and Legal Tech Tools for High-Stakes Transactions appeared first on Articles, Tips and Tech for Law Firms & Lawyers.
Activist investor Elliott Investment Management's latest attempted tactic initiating a high-stakes proxy contest against Phillips 66 goes too far and would cause the company to both violate Delaware law and avoid the legal exception to the shareholder proposal process, says J.W. Verret at George Mason University.
The US Department of Justice (DOJ) announced a lawsuit Tuesday against six corporate landlords and a software company accused of colluding to fix rent prices by sharing sensitive competitive information through the use of pricing algorithms.
The Tokyo District Court ordered the dissolution of the Japanese branch of the Unification Church, colloquially known as “moonies”, following an inquest from the Ministry of Education, Culture, Sports, Science and Technology into alleged violations of the Japanese Civil Code and Religious Corporations Act, according to local media.
Corporate law departments made structural shifts as well. A law firm should never have to turn away business due to volume, and a corporate law team should always have the capacity to meet deadlines and commitments, regardless of how much work is in the pipeline. The Contract Talent Pool Is Top-Notch.
The sentence, in accordance with Iran’s Islamic Penal Code , is part of a broader framework of corporal punishment that has been used to address crimes such as theft. Even then, I continued to assert my innocence, but my voice was ignored.
After two weeks of negotiations, delegates agreed to establish a subsidiary body that would include Indigenous peoples in future decisions on nature conservation and to oblige major corporations to share the benefits of research when using natural genetic resources. This agreement included a genetic information fee, set at 0.1%
The primary proposal is to delay the application of the new Corporate Sustainability Reporting Directive (CSRD) law for applicable companies, as well as other sustainability laws that form part of the European Green Deal. The EC’s proposal forms part of this cross-cutting.
Factor, a managed services company that describes itself as a provider of “integrated law” to corporate legal departments, has acquired Theory and Principle, a legal technology design and development agency, in a move intended to advance Factor’s strategic shift toward developing and delivering AI-first legal services.
Corporate work is nothing like family law, which is nothing like personal injury. Government agencies have a different pace than in-house corporate legal departments. But before you decide that the paralegal profession isn’t for you, consider whether it might be the practice area that’s the mismatch.
Coheso, an AI-powered intake and work management platform that describes itself as a “legal front door” for corporate legal and compliance teams, today announced a significant enhancement to its platform with the addition of a universal contract lifecycle management (CLM) connector, which it says enables seamless integration and granular (..)
Moreover, Indigenous children face significant obstacles at school, including corporal punishment, bullying, and discrimination, which contribute to poor performance and high dropout rates. The post Effect of COVID-19 on Indigenous access to education spurs international concern appeared first on JURIST - News.
Despite trends that point toward moving a steady majority of their legal budgets towards internal legal resources, corporate legal spend on outside counsel is still significant. The post How innovative legal spend management and automated billing guideline reviews benefit corporate legal operations appeared first on LawVu.
Wolters Kluwer today beefed up its LegalCollaborator product for corporate legal departments with the addition of new summarization functionality driven by generative artificial intelligence and the ability for legal departments to now leverage reverse auction capabilities to drive more competitive law firm bids.
A NOTE FROM FRANCES Corporate Operations Manager In today’s dynamic regulatory environment, businesses face various compliance requirements that can be challenging to navigate. A prime example is the Corporate Transparency Act (CTA), which was introduced last year. This solicitation, from an organization identified as C.F.S.,
As the physical and economic harms of climate change accumulate, corporate managers have faced increasing pressure to reduce their companies greenhouse gas emissions and adapt their businesses to climate-related risks. These discussions have frequently centered on one key element of corporate governance: fiduciary duties. Strine, Jr.,
Corporate Counsel ] * SEC sues Musk over failure to disclose the fact that he owned a bunch of Twitter before the takeover -- a failure that likely suppressed share prices to his eventual benefit. * Lina Khan steps down as FTC Chair as elderly mustachioed man with top hat, bag with dollar sign on it, steps in.
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