Member News

CLA | The Potential of AI and Machine Learning

It times like these in the transportation and logistics industry that we really begin to look for opportunities to reduce our costs. Times when rates and demand are down, and we begin to look at our people, processes, and technologies for things that will directly impact the bottom line. In these moments, you might have wished your organization had two superpowers. First, the ability to put your most time-consuming, labor-intensive, and detail-oriented processes on autopilot so you could focus...

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Member News

Fenwick | Complying with I-9 Verification as COVID-19 Flexibilities Expire

In May, the Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) announced that the Form I-9 flexibilities allowing for remote verification will end on July 31, 2023. DHS regulations designed to create a permanent remote examination process were anticipated but have not been issued. Therefore, employers must comply with the pre-pandemic Form I-9 in-person inspection and verification requirements for all new hires onboarded on or after August 1, 2023, including remote personnel. For all current...

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Member News, New York Related News

Troutman Pepper | Wide-Ranging New York Noncompete Law Awaits Governor’s Signature

Summary On June 20, the New York State Legislature passed a bill prohibiting noncompetes. The bill currently awaits Governor Hochul’s signature. If signed into law, it will take effect just 30 days later, but will only be applicable to contracts entered into or modified on or after the effective date — it will not have retroactive effect. The proposed law would prohibit employers from entering into noncompete agreements with “covered individuals,” which, as explained in more detail below, clearly includes employees...

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Chapter News

Conclusion of Swedish Presidency of the Council of the European Union

Today marks the conclusion of Sweden’s Presidency of the Council of the European Union. One of the top priorities in the domain of justice has been to contribute to international efforts to ensure accountability for the crimes committed in Ukraine. Eurojust and the Swedish authorities have worked closely together over the past six months and taken important steps towards this common goal. Intensifying efforts to work against impunity for core international crimes was also the theme of this year’s EU...

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Member News

Vulcan Insight | EU Commission proposes update to EU payments infrastructure

On 28 June 2023, the European Commission proposed new measures that will modernise and update how Europeans pay for goods and services. The new rules, put forward under the Financial Data Access proposal and the revision of the Payment Services Directive (PSD3) will improve competition in electronic payments, improve consumer protection and empower consumers to share their data in a secure way.    The Financial Data Access proposal (FIDA) will establish clear rights and obligations to manage customer data sharing in the...

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Chapter News

U.S. FED | Speech by Chair Powell on financial stability and economic developments

Chair Jerome H. Powell at the Banco de Espana Fourth Conference on Financial Stability, Madrid, Spain | 29 June 2023 | Today I will briefly discuss the current economic situation and the stresses that emerged in the U.S. banking system earlier this year. I will then turn to the evolution of the financial system since the Great Recession and conclude with a few general observations. I will highlight how global efforts to boost resilience in the financial sector over the...

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Member News

Vulcan Insight | EU strikes a deal on the Data Act

Following the interinstitutional negotiations on Tuesday 27 June 2023, EU legislators struck a deal on a new EU Data Act that aims to regulate access and sharing capabilities of AI generated data by connected devices.  The proposed EU Data Act aims to unlock non-personal industrial machine and device generated data ranging from industrial roots to dishwashers and various house appliances. This new law will allow for users of said connected devices to get easier access to machine generated data and...

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Member News

GT Law | NFA Expands its Authority over Cryptocurrencies

National Futures Association (NFA) is the self-regulatory organization for the U.S. futures and derivatives industry and derives its authority as a registered futures association by designation from the Commodity Futures Trading Commission (CFTC). On March 29, 2023, NFA adopted Compliance Rule 2-51 (Rule 2-51), which took effect May 31, 2023. Rule 2-51 expands the scope of NFA's authority over NFA members (Members) and associate members (Associates) engaging in spot or cash transactions in “digital asset commodities.” Rule 2-51 imposes...

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Chapter News

Single Currency Package: new proposals to support the use of cash and to propose a framework for a digital euro

The European Commission has today put forward two proposals to ensure that citizens and businesses can continue to access and pay with euro banknotes and coins across the euro area, and to set out a framework for a possible new digital form of the euro that the European Central Bank may issue in the future, as a complement to cash. The euro continues to be a symbol of Europe's unity and strength. Across the euro area and beyond, for more...

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Member News

Neologic | The Unspoken Imminent Risk Of ChatGPT: Is There A Solution To The Hidden Cost Caused By Innovation?

A recent Forbes piece, addressing a growing global concern caused by AI, highlighted Neologic's breakthrough solution: “Neologic is applying a new approach to digital circuit design that relies on complexity reduction of digital circuits by modifying their topology to deliver circuits that do not exist within the current technology paradigm." Learn more about the growing ChatGPT concern and Neologic's revolutionary technology: READ THE FULL ARTICLE HERE Author: Carrie Rubinstein, NEOLOGIC Compliments of Neologic - a member of the EACCNY.

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