Deputy Attorney General Lisa Monaco announced on March 7 that the U.S. Department of Justice (DOJ) will launch a pilot whistleblower program that will offer financial incentives for individuals to report allegations of criminal wrongdoing to the DOJ. The program will be launched later this year following a 90-day process to develop and implement the pilot. The new initiative will expand upon the DOJ’s recent efforts to incentivize voluntary self-disclosure and will create a counterpart program to those already...

Read more

Every year, “Best Lawyers,” a peer reviewed legal publication, selects who they deem to be the best lawyers and the best law firms in the United States on the basis of carefully selected criteria. Of course, we know that all of our lawyers are the “best lawyers,” and we are fortunate to be working with and continually learning from each other. We take this opportunity to recognize our excellent and committed support staff, without whom the firm could not...

Read more

EACCNY Member Gide Loyrette Nouel is pleased to present an analysis of "Artificial Intelligence, European legislation and legal issues", which aims to introduce the European legislation currently being adopted (AI ACT in the version approved on 2 February 2024), but also to examine the legal issues of AI across 10 sectors of activity. Author: Thierry Bonneau - Senior Counsel, Gide Loyrette Nouel  The genesis of the notion of artificial intelligence ("AI") is a subject of debate. Some trace it back to...

Read more

In today’s complex business environment, establishing trustful and transparent relationships between buyers and suppliers has become crucial for strategic success. Kate Vitasek, a renowned authority in collaborative business relationships, and Bryan Jacobs, for this episode of The Team Around the Table, explored the power of “vested outsourcing” – a methodology that fosters win-win scenarios in contractual agreements, enabling buyers and suppliers to achieve strategic outcomes together through shared values and goals. Vested Relationships: Five Lessons Learned Shift from Transactional to Relational Outsourcing: Getting...

Read more

Welcome to “Lost in Translation: Blunders in International Estate Planning.” This blog series explores the rarified world of international estate planning, uncovering potential pitfalls and providing insights to navigate the complexities. Zach Weitz is our guest author for this blog article.   Blunder No. 3: Forgetting to File International Forms There are many penalties imposed by the Internal Revenue Service (“IRS”). For example, the penalty for failing to file a tax return is 5% of the unpaid tax per month. The penalty for failure to file...

Read more

According to U.S. trade data, from 1998-2020 imports of iron and steel (HTS Chapter 72) into the U.S. from Mexico averaged around $2 billion. Then the value of imports started to change: 2020: $1.8 billion 2021: $4.5 billion 2022: $5.4 billion 2023: $3.6 billion U.S. and Mexico Steel Talks Heating Up When the U.S. and Mexico in 2019 negotiated a settlement of the Section 232 tariffs on imported steel and aluminum, the two sides agreed to a monitoring mechanism as needed to identify a sudden...

Read more

Artificial intelligence (AI) continues to dominate headlines and even the most recent Super Bowl advertisements. The use of AI in the workplace is rapidly expanding in a wide variety of ways throughout the hiring process, including scanning and filtering resumes and AI-driven video interviews to assess candidates. If appropriately designed and applied, AI can help people find their most rewarding jobs and match companies with their most valuable and productive employees. Equally important, AI has been shown to advance...

Read more

What is greenwashing and why does it matter? The generally understood meaning of greenwashing is the practice of making a green claim – that is a claim relating to the environmental or sustainability credentials of a company or its products or services – which is not adequately supported by evidence or is misleading, whether through exaggeration, being drafted in an unclear manner or omitting material information which will enable others to understand the nature and scope of the claim made. A...

Read more

On March 6, 2024, the SEC adopted its long-awaited climate disclosure rules. Below are ten things about the final rules that public companies should be aware of: Relaxed Scope 1 and Scope 2 Greenhouse Gas (GHG) Emissions Disclosure and Attestation Requirements The final rule requires larger companies with material Scope 1 emissions (direct GHG emissions) and Scope 2 emissions (indirect GHG emissions resulting from purchased energy) to provide certain information regarding such emissions, including, among other things, the methodology, significant inputs...

Read more

ING today published its 2023 Annual Report, giving stakeholders an insight into our strategy, business activities and performance over the past year. Our activities are presented in the context of our strategic priorities: providing a superior customer experience and putting sustainability at the heart of what we do. “It is fair to say that 2023 was a challenging year on many counts: geopolitical and economic shocks, supply-chain disruptions, inflationary pressures, climate-related and other natural disasters, wars, and the continuing trend of societal and political fragmentation across the globe. Against...

Read more