Legal News

In today’s edition of Daily Compliance News: 1. Once a cheat, always a cheat? (NYT) 2. EY getting more DAX audits after Wirecard. (FT) 3. Diversity in corporate leadership. (WSJ) 4. Zombie directors. (NYT)...By: Thomas Fox

Global dealmaking slowed dramatically in 2020, as the world grappled with the health, economic and political consequences of the COVID-19 pandemic. Lockdowns hobbled economies across the globe, driving deal value and volume down to levels not seen since the global financial crisis....By: White & Case LLP

A recent decision by the Third District Court of Appeals has engendered uncertainty about the manner of creating mixed used developments containing a residential condominium component in Florida....By: Bilzin Sumberg

On 27 October 2020, the UK Takeover Panel (the Panel) published Public Consultation Paper 2020/1 (the PCP), which proposes significant changes to the UK Takeover Code (the Code) with regard to the offer timetable and the treatment of conditions to offers....By: Skadden, Arps, Slate, Meagher & Flom LLP

Under the Occupational Safety and Health Administration’s multiemployer worksite doctrine, a company can be cited for safety violations that it did not create and for hazards to which its own employees were never exposed. The doctrine is used most often in the construction industry, where a general contractor (GC) is cited for safety violations committed by a subcontractor used on the worksite....By: Parker Poe Adams & Bernstein LLP

Three enforcement actions which made clear that there were no distinctions between agents and distributors. They were the Smith & Nephew, Inc., Oracle and Eli Lilly and Company. Each of these enforcement actions had different FCPA violations and they each revealed separate steps which a company should take to both prevent and detect FCPA violations in their company. Three Key Takeaways 1. Use auditing and monitoring. 2. Distributors will be treated the same as other business ventures. 3....By:...

Business ventures, whether JVs, partnerships, franchises, team agreements, strategic alliances or one of the myriad types of business relationships a U.S. company can form outside the U.S., are different than the usual risk presented by third-parties under compliance requirements such as those mandated by the FCPA. The problems for companies is that they tend to treat business venture risk the same as third-party risk. They are different and must be managed differently. The bottom line is...B...

AGG is pleased to present the second episode in a podcast series titled, “I Wish I Know What I Know Now: Conversations with AGG on FDA Issues,” covering key due diligence issues to consider when acquiring or investing in life science companies or products. In this episode, AGG partner Alan G. Minsk and Brian A. Teras provides an overview of the diligence process, potential red flags, common mistakes, and other factors to consider during the due diligence process. Each month, we'll release a...

The Florida Legislature recently amended the Florida Fair Housing Act by removing regulatory requirements imposed on age-restricted communities. Real estate developers have developed hundreds of age-restricted communities in Florida....By: Lowndes

Wall Street had another come-to-Jesus day over the troubling recent Covid trends, as surging cases throughout the U.S. and across Europe drove markets to their worst performance since June....By: Robins Kaplan LLP