On December 14, 2021, Representative Jim McGovern and Senator Marco Rubio announced agreement on a compromise version of the proposed Uyghur Forced Labor Prevention Act.  The bill was promptly passed unanimously by the House of Representatives and is expected to be taken up by the Senate very shortly with an eye towards forwarding it to the President for signature as soon as possible.  Different versions of the bill had previously been passed by the Senate (on July 15, 2021)...

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As part of a stunning series of votes on the EU’s future climate agenda and measures to fight climate change, MEPs on Wednesday backed a near-complete ban on the sale of new carbon emitting cars and light vans from 2035.  MEPs attending the European Parliament’s full Strasbourg plenary narrowly backed and adopted the compromise reached by MEP Jan Huitema (Renew/NL) in the chamber’s Environment committee by 339 votes to 249 with 24 abstentions. Since its proposal by the European Commission last...

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Download Q1 2022 Report Introduction and Market Update Welcome friends, clients and readers to FTI Consulting’s quarterly Activism Vulnerability Report, which will present findings from our Activism Vulnerability Screener for the first quarter of 2022 and discuss other notable trends in the world of shareholder activism and engagement. Markets experienced heightened volatility during the quarter, with Russia’s invasion of Ukraine exacerbating already challenging inflation, pandemic, supply chain and oil price considerations, amongst others. Many nations, including the U.S., have imposed heavy economic...

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This blog was originally published on February 25, 2022, and has been updated to reflect further developments | On February 21, 2022, Russia formally recognized the purported independence of two regions in Eastern Ukraine, Donetsk and Luhansk. The next day it ordered Russian troops into the separatist-occupied territories, and the incursion escalated into a multi-pronged invasion of Ukraine on February 24, 2022. Canada swiftly announced new sanctions that target Russia and the occupied Ukrainian regions, as it warned it would...

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Initially published in JD Supra | A debate over penalties for non-willful failure to disclose all of an individual’s or business’ foreign bank accounts may reach the Supreme Court, if a Department of Justice request is granted, according to its recently filed brief. At issue: should the maximum $10,000 Foreign Bank Account Reporting (FBAR) penalty apply on a per-account basis, or rather than in one unified annual basis. Fifth and the Ninth Circuit Courts have produced dueling rulings that could mean...

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