The Executive Committee of the Commercial and Federal Litigation Section of the New York State Bar Association hosted a very special guest speaker at its final meeting of 2024: The Honorable Timothy S. Driscoll from the Commercial Division of Nassau County. Justice Driscoll opened the meeting with some general points about how he runs his
Corporate & Commercial
FTC Updates (December 16 – December 27, 2024)
The FTC closed out the year with significant developments in rulemaking, consumer protection enforcement actions, and priority setting for the new year. From issuing the much-anticipated final Junk Fees Rule, to announcing its potential largest monetary judgment against an auto dealer, to further developing its Operation AI Comply initiative, the Commission ended 2024 on a…
A New Theory of Purposeful Enterprise
In a new paper, we present a novel theory of “purposeful enterprise” to explain why nonprofit enterprises survive and thrive. We define nonprofit enterprises as nonprofits that generate revenue primarily through operations rather than donations.[1] Patagonia, Novo Nordisk, IKEA, Carlsberg, Anthropic, OpenAI (for now), and most hospitals and universities fall into this category.
Nonprofit…
Federal Court Securities Class Action Lawsuit Filings Increased in 2024
The number of federal court securities class action lawsuit filings increased in 2024 for the second year in a row, to the highest level since 2020. The increased number of federal court securities suit filings during the past year is due to several factors, including continuing filings relating to ongoing trends such as new lawsuit…
Can Europe’s Digital Markets Act Tame Big Tech in the U.S.?
The digital economy has put antitrust regulation in the spotlight, with increasingly dominant technology companies – such as Amazon, Google, Facebook (Meta), Apple, and Microsoft – reviving concerns about private monopolies reminiscent of Standard Oil and AT&T. Yet the enforcement of antitrust principles in the digital world are far more complex than in traditional, non-digital…
China 2025: Navigating Uncertainty and Capturing Opportunities
China 2025: Navigating Uncertainty and Capturing Opportunities
Since 2015, the business environment in and with China has grown increasingly risky and complex with each passing year. I am confident that 2025 will be the most challenging and unpredictable year yet—by a significant margin.
For businesses operating in or with China, this landscape is shaped by…
Ten Things: Best Blogs (and Other Media) for In-House Lawyers (2024 Edition)
Hello everyone and season’s greetings from Dallas, Texas! I would like to wish you all a terrific holiday season and all the best for 2025. If you are looking for some fun in January (22-24), please join me and a host of others who will be presenting at Laura Frederick’s (of How to Contract…
SEC Disclosure Issues & Developments for FPIs and Preparing Your 20-F Filing
Webinar | January 15, 2024Register here.
During this session, Mayer Brown panelists, Brian Hirshberg, Jason W. Parsont, Thomas Kollar, and Gilat Abraham Zaefen will discuss US SEC disclosure priorities and other recent developments for foreign private issuers (FPIs) that should be priorities as they draft their annual reports. Topics will include:
- Artificial Intelligence
- Cybersecurity
…
The Persistence of (High Bandwidth) Memory: Semiconductor Manufacturing Equipment and Korean Semiconductor Manufactures Face Harsher Restrictions Under New HBM Rules
On December 2, 2024, the Department of Commerce, Bureau of Industry and Security (BIS) issued a new set of regulations targeting semiconductors manufacturing equipment (SME) and high-bandwidth memory (HBM) chips. The updates are a part of BIS’s ongoing efforts to target semiconductors in attempt to slow down China’s advancement of AI. In the race to…
Copyright Office Delays Remaining Generative AI Report
On December 16, 2024, Shira Perlmutter, head of the U.S. Copyright Office,[1] provided the relevant subcommittees of the Senate and House Judiciary Committees with an update on the Copyright Office’s ambitious investigation into the intersection of generative Artificial Intelligence (“AI”) and copyright law and policy.[2]
In August 2023, as we reported previously on…