Member News

Wilson Sonsini | Return of the IPO? Considerations for Technology Companies in Pre-IPO Limbo

In recent weeks, Arm, Instacart, and Klaviyo priced their IPOs, marking some of the first notable IPOs by technology companies in the past 18 months. As macroeconomic conditions and market sentiment appear to stabilize, whispers of IPO potential have started to emanate from the boardrooms of late-stage private companies, underwriters, and venture funds. After an 18-month quiet period, there are finally signs of life. Are IPOs back and will they be here to stay? Can Marquee Deals Reinvigorate the Market? Investor...

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Member News, Trade & TTIP Related

GDLSK | Uyguhr Forced Labor Prevention Act – Three More Parties Added to the UFLPA Entity Lists

The U.S. Department of Homeland Security (DHS) has today, 9/26/2023, added three more entities to those designated under the UFLPA, bringing the total number of designated entities to 27. As per the DHS announcement, the newly added entities are: Xinjiang Zhongtai Group Co. Ltd. (headquartered in Xinjiang and produces and sells polyvinyl chloride (PVC), iconic membrane caustic soda, industrial salt, calcium carbide, viscose fiber, viscose yarn, and other textile, chemical, and building materials). Xinjiang Tianshan Wool Textile Co. Ltd. (headquartered...

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Chapter News

Commission Adopts Measures to Restrict Intentionally Added Microplastics

Today, the Commission takes another major step to protect the environment by adopting measures that restrict microplastics intentionally added to products under the EU chemical legislation REACH. The new rules will prevent the release to the environment of about half a million tonnes of microplastics. They will prohibit the sale of microplastics as such, and of products to which microplastics have been added on purpose and that release those microplastics when used. When duly justified, derogations and transition periods for the affected parties to adjust to...

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Member News

PwC | IRS Expands Compliance Efforts, Seeks to Improve Taxpayer Certainty and Issue Resolution

The IRS is leveraging its Inflation Reduction Act (IRA) funding to target its compliance efforts on high-income and high-wealth individuals, complex partnerships, and large corporations. As part of these initiatives, the IRS recently announced that it is establishing a special group to focus on large or complex passthrough entities. The new passthrough group will include employees joining the IRS under its recently announced plan to hire more than 3,700 new employees to help with its expanded enforcement efforts. The IRS...

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Member News, Trade & TTIP Related

Fenwick & West | U.S. Government Intensifies Focus on Russian Sanctions Evasion

The U.S. government is turning up the dial on its efforts to combat evasion of export controls and sanctions against Russia. The severe trade restrictions against Russia (and Belarus) have seen continuous escalation since February 2022. In the latest round of measures, multiple U.S. government agencies took aim at companies that enable the circumvention of trade controls, with an increased focus on evasion tactics in third countries and by non-restricted entities that operate as fronts for sanctioned parties.Anti–money laundering...

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Member News

AlixPartners | How Off-the-Shelf Tech Can Make Factories More Profitable

It’s possible to turn a factory into a smart factory much faster and cheaper than most executives think. When many people imagine a smart factory, they envision something complicated and expensive — the kind of massive “manufacturing execution system,” or MES, that can take more than a year and millions of dollars to implement. If you’re Elon Musk, you can pour money into advanced automation and robotics — and keep pouring. But you don’t need to be Elon Musk. Many...

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Chapter News

European Commission | Digital Sovereignty: European Chips Act Enters Into Force

On September 21, the European Chips Act entered into force. It puts in place a comprehensive set of measures to ensure the EU's security of supply, resilience and technological leadership in semiconductor technologies and applications. Semiconductors are the essential building blocks of digital and digitised products. From smartphones and cars, through critical applications and infrastructures for healthcare, energy, defence, communications and industrial automation, semiconductors are central to the modern digital economy. They are also at the centre of strong geostrategic...

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Member News

CliftonLarsonAllen | Ten Strategies for Using AI in Manufacturing

With no end in sight for labor shortages thanks to pandemic-fueled worker exits, re-shoring, changing workforce demographics, and more—board-level pressure for efficiencies will drive strategic planning well into the next decade. The race is on to embrace new technologies in manufacturing—and all eyes are on AI. On the 19th of September, 100+ senior executives gathered in Milwaukee to discuss “Investments in AI and Digital Technologies to Address Labor Challenges.”  Three CXO executives of manufacturing companies headquartered in Milwaukee offered insight into...

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Member News

AlixPartners | Mid-Market Debt Report H1 2023

At the start of 2023, many industry participants were expecting more stable market conditions in the year ahead, in anticipation of an easing of the pressures applied by soaring inflation. However, continued interest rate rises by central banks to mitigate inflation has ensured a continuation of an uncertain – and in many cases, extremely challenging – outlook for businesses. This has also significantly muted M&A (and therefore LBO lending) activity for a longer period, driven by overall macroeconomic uncertainty and...

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Member News, New York Related News

Littler Mendelson | New York State Proposes Regulations for Pay Transparency in Job Advertisements

Earlier this year, New York State joined a growing number of states and cities that have passed laws mandating salary disclosure when advertising open positions. New York’s salary transparency law requires employers to post salary ranges in job advertisements that promote jobs that will be performed, in whole or in part, in New York State, and in advertisements for jobs that report to supervisors located in New York State.   Although this law went into effect on September 17, 2023, the New...

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