Trending Video: New Anti-Abuse Tax Provisions
Kat Saunders Gregor, Ropes & Gray tax partner and co-founder of the tax controversy group, examines the influx of new anti-abuse provisions around ...
UK Data Protection: Class action clouds gather over employers as Morrisons loses appeal
UK supermarket Morrisons has lost its appeal against the decision of Mr Justice Langstaff that it was vicariously liable in damages to over 5,000 ...
Trending Video: Enforcement of Electronic Health Records
Joshua Levy, co-chair of Ropes & Gray’s litigation & enforcement practice, addresses an emerging trend in the electronic health records space ...
UK Home Office Ramps Up Modern Slavery Statement Expectations – Recent Developments and Compliance Recommendations for Multinationals
Over the last month, the UK Home Office has sent letters to more than 17,000 companies that it believes are required to publish an ...
Proposed Regulations Remove Tax Obstacles to Secure U.S. Domestic Corporate Borrowings
On October 31, 2018 the Treasury Department released proposed regulations under section 956 of the Internal Revenue Code of 1986, as amended, that generally exempt ...
U.S. Department of Justice Announces Expanded Criminal Trade Secrets Enforcement Targeting China
On Thursday, U.S. Attorney General Jeff Sessions ordered the creation of a “China Initiative” expanding and accelerating U.S. criminal trade secrets ...
The Ropes Recap: Mergers & Acquisitions Law News
Welcome to the Q3 edition of our Mergers & Acquisitions newsletter – The Ropes Recap. This includes contributions from over 45 deal professionals around the ...
The SUPPORT Act of 2018: New All-Payor Anti-Kickback Provisions; Broader Telehealth and Other Coverage
On October 24, 2018, the President signed a far-reaching bill addressing issues related to opioid use and abuse—the Substance Use-Disorder Prevention ...
A Closer Look At CMS' Drug Price Disclosure Proposal
This article by partners Kellie Combs, Douglas Hallward-Driemeier, Peter Brody, Tom Bulleit and Albert Cacozza was published by ...
SEC Staff Issues New Guidance on Shareholder Proposals
On October 23, 2018, the SEC’s Division of Corporation Finance (the Division) issued Staff Legal Bulletin No. 14J (SLB 14J) on shareholder proposals ...
Declining to Follow Northstar, New York Federal Court Dismisses Breach of Contract Claim Against Mutual Fund for Purported Violation of Concentration Policy
In a victory for the mutual fund industry, a federal district court in New York rejected the attempt of fund shareholders to assert a breach ...
Deemed-Issuers Election under Section 817(h)
On October 16, the IRS issued guidance on the application of the Section 817(h) diversification test to specified agency-issued mortgaged-backed securities underlying ...
Implementing Internal Controls in Cyberspace – Old Wine, New Skins
On October 16, 2018, the SEC issued a Section 21(a) investigative report (the “Report”),1 cautioning public companies to consider cyber threats ...
CMS Issues Proposed Rule to Require Disclosure of List Price in Direct-to-Consumer Advertising for Prescription Drugs and Biological Products
On October 15, 2018, the Centers for Medicare & Medicaid Services (“CMS”) released a proposed rule regarding the disclosure of pricing information in ...
Ropes & Gray’s Investment Management Update – August-September 2018
The following summarizes recent legal developments of note affecting the mutual fund/investment management industry: CCO Representations May Replace Routine Quarterly Board Determinations In an ...
Fifty State Attorneys General Reach Settlement over Cyber-Incident Disclosure
Uber Technologies, Inc. has reached a settlement with the attorneys general for all fifty states and the District of Columbia regarding allegations that Uber had ...
What New Bank Charters Mean For Fintech
This article by partner Mark Nuccio and associates Gideon Blatt and Stephanie Ragland was published by Law360 on October ...
CFIUS Pilot Program: Immediate Implications for Investors and Investment Targets
On October 10, 2018, the U.S. Department of the Treasury issued temporary regulations—a “pilot program”—to implement certain provisions ...
UK Court dismisses first challenge to new AML powers
The UK National Crime Agency (NCA) has successfully defended the first challenge to its new power to require individuals to explain how they have acquired ...
U.K. financial regulator issues £16.4 million fine for cyber fraud — and it’s not even GDPR
The U.K. Financial Conduct Authority (“FCA”) on Monday (1 October 2018) fined Tesco Personal Finance plc (“Tesco Bank”) £16 ...
IRS Considers Giving More Ventures Access to Tax-Free Spinoffs
On September 25, 2018, the IRS announced that it is considering guidance on the treatment of spinoffs involving business ventures engaged in research and development ...
Petrobras Reaches $1.78 billion FCPA Resolution
On September 27, the DOJ and SEC and Petróleo Brasileiro S.A. (“Petrobras”), Brazil's state-owned energy company, reached the ...
Notable September Developments in the Cryptocurrency Space
Three notable developments occurred this month in the cryptocurrency space: in U.S. v. Zaslavskiy, a federal judge permitted a criminal case to proceed based ...
OCC Opens Door for Fintech National Banks
Following the Office of the Comptroller of Currency’s (the “OCC”) July issuance of a policy statement1 and supplement to its licensing ...
China’s Health Authorities Issue New Rules on Telemedicine
On September 14, 2018, the PRC National Health Commission (“NHC”) promulgated three administrative measures1 (the “Measures”) to regulate telemedicine. The Measures ...