The attorney-client privilege is an old and well-known evidentiary privilege. It fosters candor between attorney and client, protects confidential information from being revealed to others...

California’s deeply rooted public policy has long favored free competition and generally weighed against the enforceability of non-competition agreements.

This Stay Current discusses the recent supervisory statement from the federal banking agencies and the CFPB outlining how the Agencies intend to calculate asset sizes for insured depository institutions and credit unions in determining which institutions will be subject to their respective supervision and enforcement authority with respect to Federal consumer financial law under Dodd-Frank Act (DFA) Sections 1025 and 1026.

In its January 27, 2012 decision in "Auriga Capital Corp. et al v. Gatz Properties LLC et al", C.A. 4390- CS (Del. Ch. Jan. 27, 2012), the Delaware Court of Chancery reaffirmed that limited liability company managers and other fiduciaries are charged with the equitable fiduciary duties of care and loyalty, similar to the obligations of officers and directors of a corporation, and that, in order to eliminate or limit those duties, the parties to the limited liability agreement must so agree in th

Today the U.S. Court of Appeals for the District of Columbia Circuit ("D.C. Circuit" or "Court") in Coalition for Responsible Regulation v. Environmental Protection Agency upheld a suite of U.S. Environmental Protection Agency ("EPA") greenhouse gas ("GHG") regulations in a sharp rebuke to industry and state petitioners attempting to overturn these rules.

On March 27, 2012, the United States Environmental Protection Agency (EPA) proposed for the first time a New Source Performance Standards (NSPS) for emissions of carbon dioxide (CO2) from new electric utility generating units (EGUs) of greater than 25 megawatts (MW) capacity.

Recently the Office of Inspector General of the Department of Health and Human Services ("OIG") released its "areas most in need of attention" for the 2012 fiscal year.

A few weeks ago, the 6th Circuit ordered the IRS to refund over $1 million of Social Security (FICA) taxes on severance benefits that Quality Stores paid in connection with involuntary terminations of employment.

On October 9, 2011, Governor Brown signed Assembly Bill 22 into law.

On February 25,2004,the Securities and Exchange Commission ("SEC ")voted to issue a rule proposal that would require most mutual funds to adopt redemption fees on short-term trades.1 Proposed Rule 22c-2 is intended to serve as one of various measures designed to address abusive market timing activities in fund shares, which have roiled the fund industry in the last several months

With the statement, "The new consumer agency is here to make sure that markets work for American families, and our bank supervision program is a big part of that," Elizabeth Warren, the Treasury’s Special Advisor on the Consumer Financial Protection Bureau ("CFPB"), officially launched the new agency’s bank supervision program.

On December 29, 2011 the California Supreme Court released its decision in "California Revelopment Association et. al. v. Matosantos" and, in what represents the worst case scenario for redevelopment agencies, the Court upheld the legislation abolishing redevelopment agencies and also invalidated the companion bill that gave redevelopment agencies the opportunity to continue in existence by remitting tax increment to the State.

In summary, under the State Council SR Circular, the National Development and Reform Commission ("NDRC") and MOFCOM, along with other PRC governmental authorities that regulate the relevant industrial sectors, will establish a joint committee ("Joint Committee") to conduct the security review under the leadership and supervision of the State Council. Similar to the Committee on Foreign Investment in the United States ("CFIUS"), the Joint Committee will review foreign takeovers of PRC domestic bu

A series of High Court judgments in London have provided a degree of clarity on the extent to which a limited partner in an English Limited Partnership is entitled to obtain information in relation to a private equity fund and its underlying investments.

A year after adopting its Cap-and-Trade Regulation, the California Air Resources Board (CARB) held its first auction of greenhouse gas (GHG) emission allowances on November 14, 2012

The California Air Resources Board (CARB) conducted a practice auction for the state’s landmark cap-and-trade program.

The California Air Resources Board (CARB) published the results of its first auction of greenhouse gas (GHG) emission allowances today, November 19, 2012.

The District of New Jersey has recently held that, under 35 U.S.C. § 271(e)(2), a court may exercise jurisdiction in a Hatch-Waxman Act case over claim of patent infringement where the Abbreviated New Drug Application filer did not make a Paragraph IV certification for that patent.

In a case followed closely by the patent bar, the Supreme Court today unanimously affirmed the clear and convincing evidence standard of proof for patent invalidity determinations. Microsoft Corp. v. i4i Ltd. P’ship, No. 10-290 (S. Ct. June 9, 2011) ("Slip op.").