US NIST Publishes AI Risk Management Framework and Updates on Tackling Bias in AI
The National Institute of Standards and Technology (NIST) has announced its publication of an initial draft of the AI Risk Management...
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Developments in Delaware SPAC Law
The following article was published by Corporate Counsel on March 21, 2022. Click here to view. Republished with permission.
In...
U.S. Government Levies New Cyber Incident Report Requirements on Private Sector
The President recently signed the 2022 Consolidated Appropriations Act that included, nestled within its thousand pages, the Cyber...
Death by a Thousand Cuts: Cumulative Trustee-Friendly Rulings on Bankruptcy Code Claw Back Provisions Are Unfairly Burdening Subsequent Transferees
The Supreme Court recently denied certiorari in Picard v. Citibank, in which the petitioner sought review of a Second Circuit decision on...
D.C. Circuit Holds FSIA’s Arbitration Exception to Sovereign Immunity Applies Regardless of Annulment of Award at Seat of Arbitration
On March 11, 2022, the United States Court of Appeals for the D.C. Circuit clarified whether U.S. courts have jurisdiction under the...
Biden Administration Sets the Stage for Review of Digital Assets
On March 9, 2022, President Biden issued an Executive Order on Ensuring Responsible Development of Digital Assets. The Executive...
SEC Proposes Cybersecurity Disclosure Rules
On March 9, the Securities and Exchange Commission proposed rules and amendments aimed at enhancing and standardizing disclosures about...
Korean Telecommunications Company Settles with the SEC: Lessons Related to the FCPA’s Accounting Provisions
On February 17, 2022, the U.S. Securities and Exchange Commission (SEC) announced its first enforcement action of the year: a $6.3 million
The Beginning of a Resurgence? Compliance Monitor Included in Stericycle FCPA Settlement
On February 24, 2022, Illinois-based waste disposal company Stericyle, Inc. (Stericycle) disclosed in its annual report that it agreed in...
Déjà Vu All Over Again: California Privacy Rights Act Regulations Delayed
As of January 1, 2023, the California Privacy Rights Act (CPRA) will substantially modify and expand California’s Consumer Privacy Act...
Why the SEC’s Proposed New Direction on Beneficial Ownership Reporting Is a Win for Boards and Investors
This article originally appeared in The New York Law Journal on March 1, 2022.
Earlier this month, the Securities and Exchange Commission...
D.C. Circuit Holds That Second Clause of FSIA’s Commercial Activity Exception Requires Act by Foreign State in the United States
U.S. courts recognize that in many circumstances foreign sovereigns are immune from suit in the United States. The Foreign...
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