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On March 2, 2021, and after a short-lived debate, the Mexican Federal Senate approved a bill that will modify Mexico’s Electricity Industry Law, effectively reversing rights granted to...

To embed, copy and paste the code into your website or blog: More aggressive enforcement actions and increased regulatory activities under the Biden Administration are here. In President Biden’s first weeks, he is making good on his promise to reverse course from the previous administration’s product safety agenda. So far, we witnessed rare civil penalties against product manufacturers, a flurry of recalls, and the progression of new product safety regulations. We also expect Biden to nomin...

To embed, copy and paste the code into your website or blog: On November 30, 2020, parties to legacy LIBOR contracts breathed a collective sigh of relief as LIBOR’s administrator Intercontinental Exchange, Inc. (“ICE”) announced that US Dollar LIBOR would continue to be published until December 31, 2021 for the one-week and two-month tenors and until June 30, 2023 for the remaining, more widely used tenors. [i] As explained in our prior Client Alerts on the transition away from LIBOR, the...

This spring, the Second Circuit will revisit its highly consequential insider trading decision in United States v. Blaszczak. 1 The case is one to watch, as it has the potential to impact how the government approaches prosecutions of participants in tipping schemes.   On January 11, 2021, the Supreme Court vacated the Second Circuit’s 2019 decision in Blaszczak and remanded the case for further consideration 2 in light of 3 In Blaszczak, the Second Circuit had upheld the convictions of...

Introduction In December 2020, California Attorney General Xavier Becerra was announced to be President-Elect Joseph R. Biden, Jr.s pick to lead the Department of Health and Human Services. The California Attorney Generals Office is the second largest Justice Department in the United States, second only to the U.S. Department of Justice, and California Attorney General Xavier Becerra was the first Latino Attorney General in Californias history. Before becoming the Attorney General of Californi...

To embed, copy and paste the code into your website or blog: On December 22, 2020, Ministry of Economy, Trade and Industry ("METI") proposed a draft of cabinet order ("Cabinet Order") 1, implementing regulations ("Implementing Regulations") 2 and guidelines ("Guidelines")for the Act 3 on Improving Transparency and Fairness of the Specified Digital Platforms ("DP Act"). They are seeking comments from the public by January 20, 2021. In accordance with the June 2018 and June 2019 cabinet decisio...

To embed, copy and paste the code into your website or blog: Every so often, the extent of state laws providing for the licensing of collection agencies needs to be re-examined. As every state, including two of the most prominent states, California and New York, historically had not licensed collection agencies, 1 the state licensing of collection agencies has not been given as much attention as has been given to the state licensing of other consumer finance activities. This changed in Septembe...

To embed, copy and paste the code into your website or blog: On December 2, 2020, the Centers for Medicare & Medicaid Services (“CMS”) and the Office of Inspector General (“OIG”) of the Department of Health and Human Services (“HHS”) published in the Federal Register companion final rules that present significant changes to the regulatory framework of the federal physician self-referral law (commonly referred to as the “Stark Law”), the federal health care program’s Anti-Kick...

To embed, copy and paste the code into your website or blog: The ongoing COVID-19 pandemic has impacted the United States economy in a profoundly negative manner. Retail stores, restaurants and other direct-customer-facing businesses have been especially hard hit. Throughout the U.S., most states and municipalities have at various points throughout the pandemic issued “shut down” orders to businesses in order to mitigate the spread of the virus. Businesses complied and suffered tremendous l...