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  • Article

    California Supreme Court Clarifies Meal And Rest Break Rules — Employers Must Relieve Employees Of All Duties, But Need Not Prevent Employees From Working During Breaks

    On April 12, 2012, the California Supreme Court issued its long-awaited decision in Brinker Restaurant Corp. v. Superior Court.
    United StatesEmployment and HR
    Latham & Watkins
    Latham & Watkins
  • Article

    California Supreme Court Eliminates Redevelopment Agencies

    On December 29, 2011, in California Redevelopment Association v. Matosantos, the California Supreme Court (the Court) upheld the constitutionality of AB 1X 26, a statute ending redevelopment agencies in the state.
    United StatesEnvironment
    Latham & Watkins
    Latham & Watkins
  • Article

    TCI Program Established To Reduce Carbon Emissions From Transportation

    On December 21, 2020, the Governors of Massachusetts, Rhode Island, and Connecticut, as well as the Mayor of the District of Columbia, announced that their respective jurisdictions...
    United StatesEnvironment
    Latham & Watkins LLP
    Latham & Watkins LLP
  • Article

    Internal Revenue Service Issues Guidance Affecting the Qualification of Multi-Step Merger Transactions as Tax-Free Reorganizations

    United StatesTax
    Latham & Watkins LLP
    Latham & Watkins LLP
  • Article

    US OSHA's Recent Proposal Aligns Hazard Communication With International Standards

    OSHA calls for comments on significant proposed amendments to align Hazard Communication Standard with the United Nations Globally Harmonized System of Classification and Labelling of Chemicals.
    United StatesEmployment and HR
    Latham & Watkins LLP
    Latham & Watkins LLP
  • Article

    IRS Issues Proposed Regulations Addressing Income Earned By Sovereign Wealth Funds And Other Foreign Governmental Entities

    On November 2, 2011, the US Treasury Department released proposed regulations (the Proposed Regulations) under Section 892 of the Internal Revenue Code of 1986, as amended (the Code) that should facilitate the investment in private equity funds by sovereign wealth funds and other entities controlled by foreign governments.
    United StatesTax
    Latham & Watkins
    Latham & Watkins
  • Article

    FINRA Issues Proposal To Mandate Filing Of All Retail Communications Regarding Certain Private Placements

    In setting forth its rationale, FINRA observed that private placement retail communications reviewed by AdReg have "revealed significant and pervasive" violations of FINRA Rule 2210.
    United StatesFinance and Banking
    Latham & Watkins LLP
    Latham & Watkins LLP
  • Article

    "Final Warning" On Air Pollution From The European Commission

    On 15 February 2017, the European Commission sent final warnings (a Reasoned Opinion) to France, Germany, Italy, Spain and the United Kingdom for failing to comply with the air pollution limits for nitrogen dioxide.
    European UnionEnvironment
    Latham & Watkins
    Latham & Watkins
  • Article

    Reserving Privilege For The Few: The High Court Confirms The Narrow Interpretation Of "Client" For The Purposes Of Legal Advice Privilege

    Everyone else at the Bank was a third party to the lawyer-client relationship, so legal advice privilege could not apply to their communications.
    United KingdomLitigation, Mediation & Arbitration
    Latham & Watkins
    Latham & Watkins
  • Article

    EPA Begins Term With Congressional Mandate To Phase Down HFCs

    Tucked inside the US$900 billion COVID-19 relief package signed into law on December 27, 2020, is a regulatory opportunity for the climate-focused Biden-Harris...
    United StatesEnvironment
    Latham & Watkins LLP
    Latham & Watkins LLP
  • Article

    France Creates A Tax On Financial Transactions And Adjusts Registration Duties On Shares Transfers

    The first Amended Finance Law for 2012 was published in the official Gazette on 15 March 2012 (the "Law").
    FranceCorporate/Commercial Law
    Latham & Watkins
    Latham & Watkins
  • Article

    Focus On The New French Restrictions Applicable To The Tax Deduction Of Interest Incurred On Debt Financings Contracted In Connection With Certain Leveraged Acquisitions

    Article 40 of the 4th Amended Finance Act for 2011 introduces new restrictions to the deduction of financial expenses (i.e., mainly interest) for French corporate income tax purposes in cases where the corresponding debt financings can be deemed contracted in relation to artificial acquisitions of shares.
    FranceTax
    Latham & Watkins
    Latham & Watkins
  • Article

    Double Trouble: Supplying Dangerous Products Can Give Rise To Both Criminal And Civil Liability

    Businesses which fail to comply with the General Product Safety Directive face an increased risk of both criminal and civil liability.
    United KingdomConsumer Protection
    Latham & Watkins
    Latham & Watkins
  • Article

    Modern Day Copying: Recovery Of Costs For Electronic Discovery Under 28 U.S.C. § 1920

    Given the massive volume of electronically stored information (ESI) being maintained by many companies today, discovery costs have skyrocketed as corporate clients are typically required to collect, process, and review thousands of electronic documents in response to an opposing party’s discovery requests.
    United KingdomLitigation, Mediation & Arbitration
    Latham & Watkins
    Latham & Watkins
  • Article

    Onex Agrees US$4.4 Billion Multinational Drinks Carton Buyout

    Canadian private equity firm Onex has signed an agreement to purchase international drinks carton manufacturer SIG Combibloc from a subsidiary of New Zealand investment company Rank for US$4.4 billion, with help from four Latham & Watkins LLP offices, Veirano Advogados in Rio de Janeiro and Minter Ellison Rudd Watts in Auckland.
    BrazilCorporate/Commercial Law
    Veirano e Advogados Associados
    Veirano e Advogados Associados
  • Article

    The Revised UK Takeover Code: Employment Considerations

    In the UK, when an offer is made to acquire all the shares of a publicly listed company, the terms of that "takeover" and all conduct relating to it are principally governed by the City Code on Takeovers and Mergers (the Takeover Code).
    United KingdomEmployment and HR
    Latham & Watkins
    Latham & Watkins
  • Article

    EPA Updates Aftermarket Defeat Device Enforcement Policy

    EPA provides more detailed guidance on aftermarket safe zones while continuing to drive forward enforcement initiatives.
    United StatesEnvironment
    Latham & Watkins LLP
    Latham & Watkins LLP
  • Article

    FCC Takes First Steps Towards Clarifying Regulatory Treatment of Voice-Over-IP Services

    On February 12, 2004, the U.S. Federal Communications Commission (FCC) took the first steps towards clarifying the scope of regulations to be imposed by the Federal government on Internet-Protocol (IP) enabled services such as Voice-Over-IP (VOIP).
    United StatesMedia, Telecoms, IT, Entertainment
    Latham & Watkins LLP
    Latham & Watkins LLP
  • Article

    SEC Adopts Rules on Enhanced Disclosure of Nominating Committee Functions and Communications Between Shareholders and Boards of Directors

    On November 24, 2003, the Securities and Exchange Commission adopted new rules under the Securities Exchange Act of 1934, as amended (the Exchange Act), that would require public companies to provide: increased disclosure regarding the operation of their board nominating committees, and new disclosure regarding the means by which shareholders may communicate with their boards of directors.
    United StatesFinance and Banking
    Latham & Watkins LLP
    Latham & Watkins LLP
  • Article

    SEC Staff Issues No Action Letter Addressing Accredited Investor Status Verification In Rule 506(c) Offerings Based On Minimum Investment Amounts

    In a no action letter dated March 12, 2025 (the "NAL"), the staff of the Division of Corporation Finance (the "Staff") of the Securities and Exchange Commission (the "SEC") responded to a request dated March 6, 2025...
    United StatesCorporate/Commercial Law
    Cahill Gordon & Reindel LLP
    Cahill Gordon & Reindel LLP

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