Legal News

The commercial use of drones, or small unmanned aerial systems (sUAS), for urban real estate and construction may finally be gaining traction. This month, the New York City Council passed a bill requiring the Department of Buildings (DOB) to study the feasibility of using sUAS to inspect building facades....By: Robinson+Cole Construction Law Zone

The US Federal Trade Commission and Department of Justice announced proposed changes to the rules governing Hart-Scott-Rodino (HSR) filings that, if implemented, would significantly increase the number of transactions that must be reported to the antitrust agencies – primarily by private equity, venture capital and other investment funds – as well as greatly expand the amount of information included in those filings....By: Cooley LLP

In July of this year, the Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) released the second edition of their Resource Guide to the U.S. Foreign Corrupt Practices Act (“FCPA”). The 2020 revamp is the first complete revision since the agencies’ original edition released in 2012, and the first update since 2015. Although much of the Guide remains the same, the 2020 edition includes key updates that attorneys, compliance professionals and corporations and their....

On Sept. 21, 2020, SEC’s Division of Corporation Finance (Corp Fin) posted a Compliance and Disclosure Interpretation (CDI) regarding restrictions on Form S-3 eligibility for private companies that go public via merger into a reporting shell company......By: Kramer Levin Naftalis & Frankel LLP

The NSW Parliament passed the Design and Building Practitioners Act 2020 (NSW) (the Act) on 11 June 2020 as part of series of reforms to laws impacting the construction industry following recent high-profile incidents of building defects across Sydney....By: Dentons

On June 7, the amended ordinances (the “Amended Ordinances”) prepared by the Japanese government to implement amendments to the Foreign Exchange and Foreign Trade Act (the “FEFTA”) were fully implemented, after coming into effect on May 8, 2020....By: Orrick, Herrington & Sutcliffe LLP

A federal judge has delivered another win for TikTok over the weekend, temporarily blocking a White House ban “on new downloads of the video-sharing network, which would have gone into effect at 11:59 p.m. in Washington.” The Court hasn’t yet ruled on additional restrictions set to take place on November 12 “that are designed to further curb the app’s use in the U.S.”....By: Robins Kaplan LLP

Culture, purpose and governance in asset management sector: FCA speech - The FCA has published a speech by Marc Teasdale, Director of Wholesale Supervision, on the drivers of culture and the role of purpose and governance in the asset management sector....By: Hogan Lovells

The COVID-19 pandemic and the corresponding economic volatility has dramatically impacted the US and the Indian M&A market. While many high-profile companies have abandoned proposed deals, various other companies have expressed or maintained interest in pursuing strategic acquisitions during this time. This article discusses the regulatory changes that parties should consider when contemplating M&A events in the Indian and the US markets in the wake of COVID-19....By: Kilpatrick Townsend & Stock...

If the COVID-19 pandemic was not already difficult enough on the D.C. real estate development community, recent proposed legislation by the D.C. Council might make developing condominiums in the city more challenging. On September 17, 2020, the D.C. Council’s Committee on Housing and Neighborhood Revitalization held a public hearing on two bills that will impact the processing and adjudication of structural warranty claims for the District’s condominium buildings:.....By: Cozen O'Connor