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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 nominate a new commissioner to the Consumer Product Safety Commission (CPSC), which will shift the agency...
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, these extensions will allow time for most legacy LIBOR contracts to mature prior to the cessation of LI...
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 participants in an alleged tipping scheme for securities fraud under Title 18 of the criminal code,...
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 General's 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 California's history. Before becoming the Attorney General of California, Becerra had a 24-year career in the U.S. House of Representatives. 1 In 2017, Governor Jerry B...