Baker McKenzie’s Sanctions Blog published the alert titled OFAC amends existing and issues new General Licenses under Russia sanctions to authorize pension payments to non-US persons outside of Russia and closing individual accounts at blocked banks on 29 August 2022. Read the article via the link here. Please also visit ourSanctions Blog for the most recent updates.
Labor unions seem to be having a resurgence after being on the decline for many years. Employers are concerned with this shift, and are wondering what they can do to within the bounds of the law to keep a direct relationship with their workforce. In this Quick Chat video, Baker McKenzie Labor & Employment lawyers discuss the current labor union landscape, what’s causing this wave of union activity, and some steps employers can take to get out in front of the escalation in union organization.
The California Privacy Rights Act of 2020 (CPRA) amended the California Consumer Privacy Act of 2018 (CCPA) with most changes taking effect on 1 January 2023 with a twelve-month look-back. Limited exceptions concerning the personal data of employees and business contacts will expire. The new California Privacy Protection Agency (CPPA) has published draft regulations that will, once finalized, expand on the rules in the statute and existing regulations from the California Attorney General.
In Canada, attempting to stop an employee from sharing confidential information, competing, or soliciting customers, suppliers or employees can be tricky. In this In Focus video, our Labor and Employment lawyers discuss the current state of the restrictive covenant landscape and what steps employers can take to protect their businesses.
Baker McKenzie’s Sanctions Blog published the alert titled Canada Introduces Additional Designations on 43 Military Officials and 17 Defense Sector Entities on 4 August 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Following initial announcements last year, on 20 July 2022 the US Department of State’s Directorate of Defense Trade Controls (DDTC) published two Open General Licenses (OGLs) permitting certain reexports and retransfers to certain parties under the International Trade in Arms Regulations. The OGLs, which are part of a DDTC pilot program, will be valid for one year, effective from 1 August 2022 through 31 July 2023.
Please join us for a weekly series, hosted by Baker McKenzie’s North America Government Enforcement partners Tom Firestone and Jerome Tomas.
This week’s discussion will cover the following;
• our white collar thoughts on this week’s “Economist” article on ESG
• the SEC breaks new ground in insider trading case involving crypto assets
• the DOJ remains vigilant in promoting competition in the labor markets through several recent enforcement efforts
On 9 July 2021, President Joe Biden issued an executive order announcing his administration’s commitment to increasing vigorous antitrust enforcement. At the one-year anniversary of the EO, a recent flurry of enforcement efforts signals that the Department of Justice remains vigilant in carrying out the EO’s initiatives, especially in the labor markets.
Baker McKenzie’s Sanctions Blog published the alert titled OFAC Issues New General Licenses Related to Russia-Related New Investment Prohibition and Updates FAQs on 27 July 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
In 2021 and 2022, as the market continued to focus increasingly on environmental, social, and governance issues, government financial regulators across many independent agencies strongly indicated that increased enforcement relating to ESG is on the horizon, while private plaintiffs filed novel securities class actions based on ESG issues.
Given the rapid development of legal ESG issues in the financial services industry, market participants must remain cognizant of the potential legal risks relating to ESG, and take adequate precautions to protect themselves against both government investigations and private civil litigation. This article analyzes the emerging framework of ESG regulation and litigation in order to advise market participants of the upcoming legal risks relating to ESG issues.