In response to growing concerns over climate change, and as part of broader efforts to connect finance with the specific needs of the European and global economy for the benefit of the planet and our society, the European Union has been examining how to integrate sustainability considerations into its financial policy framework in order to mobilise finance for sustainable growth. The action plan In March 2018, the European Commission published an action plan on sustainable finance (the “Action Plan”) specifically aiming...

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On Dec. 6, 2019, the Second Circuit issued a decision in Yu v. Hasaki Restaurant, Inc. that will likely impact settlement of wage and hour actions under the Fair Labor Standards Act (FLSA). In a split decision, the court reversed a district court ruling and held that judicial approval is not required when settling an FLSA claim pursuant to a Federal Rule of Civil Procedure 68(a) offer of judgment. In this case, the plaintiff filed a complaint alleging FLSA overtime violations. After...

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On September 12, 2019, the European Court of Justice ruled that very high financial penalties for infringements of formal obligations in the context of a secondment are incompatible with the freedom to provide services. An Austrian contractor had contracted with a Croatian subcontractor to provide a service on Austrian territory. During an audit, the Austrian Tax Investigation Service established that for most of the employees, no payroll documents or work permits could be submitted. Both the manager of the Austrian...

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Based on an analysis of more than 100,000 legal news articles, legal publisher The National Law Review (NLR) recognized Kristen Walker Ng, an associate in Greenberg Traurig LLP’s Immigration & Compliance Practice, as a 2019 “Go-To Thought Leader” in Immigration.  According to NLR, the Go-To Thought Leadership Awards recognize exceptional authors in 35 legal practice areas for their contributions in providing practical guidance and highlighting timely and important legal news and developments. The awards also take into account whether articles are “reader favorites” and “quoted or...

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My transaction does not require an HSR filing. That means we don’t have to worry about potential antitrust issues, right? WRONG. The HSR Act requires that parties to certain transactions submit a premerger notification filing to the Department of Justice Antitrust Division (DOJ) and Federal Trade Commission (FTC), and then observe a waiting period before closing. Any transaction valued in excess of the HSR threshold – currently $90 million – may require an HSR filing and expiration of the HSR...

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