Member News

Member News

Member News

Federal Appellate Court Enforces Terms of Use, Including Arbitration Provision, Entered During Mobile Application Registration Process

  On August 17, 2017, the U.S. Court of Appeals for the Second Circuit issued an important decision in a high-profile case against Uber Technologies that has broad implications for the enforceability of terms of use entered on mobile device apps. In Meyer v. Uber Technologies, Inc.,1 the Second Circuit, whose jurisdiction includes New York, applied California law and reached a decision that echoes previous rulings by the U.S. Court of Appeals for the Ninth Circuit, i.e., that users are...
Member News

Foreign Investment in the U.S.: How The Trump Presidency Could Change Things

Though CFIUS already is shining a bright light on Chinese covered transactions, that light likely will only intensify and be brighter with the Trump administration. Twelve years have passed since publication of the article Uncle Sam Watches Nervously: Foreign Investment in U.S. Industries in 2004. That article discussed the review process under the Exon-Florio Amendment delegated to the Committee on Foreign Investment in the United States (CFIUS). The article highlighted several recent CFIUS reviews, and stressed that the evolving war...
Member News, Uncategorized

The Entrepreneurs Report: Private Company Financing Trends

Wilson Sonsini Goodrich & Rosati is pleased to present the latest edition of The Entrepreneurs Report. In this issue, they've compiled a range of data on venture financing transactions in which the firm was involved in 1H 2017, with the objective of identifying relevant trends in activity and valuation levels for the U.S. venture capital industry in general. They also provide data on bridge loans. In addition, They feature an interview with Greg Gottesman, co-founder and managing director of Pioneer...
Member News

One Racial Slur is One Too Many, Rules Third Circuit

Is a single racial slur by an employee’s supervisor enough to create a hostile work environment under § 1981 of the Civil Rights Act of 1866?  The answer is yes according to the Third Circuit Court of Appeal’s decision in Castleberry v. STI Group, No. 16-3131 (3d Cir. July 14, 2017). In Castleberry, two African American males were employed as general laborers.  They claimed that while working on a fence-removal project, their supervisor threatened to fire them if they “nr-rigged”...
Member News

Germany: New Requirements for Collective Redundancies

In the event of notifiable mass redundancies, the employer is obligated to consult the works council. The consultation procedure is a requirement that has to be satisfied so the termination notices issued in the context of mass redundancies become effective; it thus is of substantial practical significance. Consulting the works council includes notifying, informing and advising the works council and must be distinguished from the notification of collective redundancies subsequently submitted to the Labor Agency. Both procedures exist independently...
Member News

New Rulings of Islamic Headscarf at Work – Europe and Germany

Rulings of European Court of Justice (ECJ) In two recent landmark decisions, the ECJ expressed its opinion on the issue of whether employers may ban the wearing of an Islamic headscarf at work. First, the European judges established that an internal rule of a company that prohibits the wearing of any visible political, philosophical or religious sign at work does not constitute direct discrimination against employees who want to wear an Islamic headscarf based on their religion. The ECJ then ruled...
Member News

EU-Canada Data-sharing Deal Grounded

The Court of Justice of the European Union (“CJEU”) has rejected a proposed deal between the EU and Canada for the sharing of passenger data, claiming that it violates data protection and privacy laws. The purpose of the proposed Passenger Name Records (PNR) Agreement is to combat terrorism and transnational crime. However, the CJEU found that the PNR Agreement went beyond what was necessary to address those threats. While the deal was initially agreed in 2014, it attracted a lot...
Member News

Establishing an Effective Compliance Management System for Financial Services

In addition to spotlighting the critical importance of a CMS, the CPFB’s citing of CMS-related deficiencies begs the question of whether anyone is capable of meeting the CFPB’s expectations. The CFPB has generated acute awareness of the term “compliance management system” (CMS) through its highly publicized consent orders. Since it began issuing orders in 2011, the CFPB has invariably cited “significant weaknesses” in the subject party’s CMS along with violations of specific federal consumer financial laws. In addition to spotlighting...

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