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On Thursday, May 20, 2021, US President Biden signed an Executive Order, entitled Climate-Related Financial Risk (Climate Risk EO), that
sets the stage for the US federal government, including its
financial regulatory agencies, to begin to incorporate climate-risk
and other environmental, social and governance (ESG) issues into
financial regulation. The Climate Risk EO further demonstrates the
priority the Biden administration is giving to addressing climate
change and will likely accelerate ongoing efforts by federal
financial regulators to adopt new, climate risk-related
regulations. Of particular note, the executive order directs
Retired SC Justice Arturo D. Brion named PhilJA Chancellor The Supreme Court (SC) has appointed retired Associate Justice Arturo D. Brion as chancellor of the Philippine Judicial Academy (PhilJA), the SC’s education arm. Brion, who contributes a column for the Manila Bulletin, will succee
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Seyfarth Synopsis: The President s order
expanding travel restrictions to include India will have a
significant impact on U.S. companies with operations in India, as
well as those companies with Indian national employees who seek to
travel to their home country. This travel restriction will
not apply to U.S. citizens, lawful permanent residents, or
individuals with certain relationships to U.S. citizens or lawful
permanent residents.
Subsequent to our Legal Update, President Biden issued a Presidential Proclamation to prohibit
foreign nationals from entering the U.S. after being
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New York taxpayers generally do not greet new taxes with
enthusiasm, but New York s new pass-through entity tax
( PET ) is poised to provide some relief to rising
personal tax rates-and an exception to this rule. After exploring
ways to help individuals manage the federal $10,000 limitation on
state and local tax deductions, New York has enacted a new,
elective, entity-level tax on pass-through entities that has the
potential to provide a federal tax deduction that more than offsets
the cost of Personal Income Tax increases in the 2021-2022 State
The meteoric rise in the use of special purpose acquisition companies (SPACs)—with more than $98 billion raised in over 300 deals year-to-date alone—has prompted increased government scrutiny of.