Large IRAs and High-Income Retirement Savers Targeted by Amendment to Budget Reconciliation Bill
Last week, Richard Neal (D-Mass), chairman of the House Committee on Ways and Means, unveiled an amendment to help fund the $3.5 trillion ...
PhRMA Code 2022: Speaker Programs Enter a Prohibition Era?
Introduction The Pharmaceutical Research and Manufacturers of America (“PhRMA”) revised its Code on Interactions with Health Care Professionals (the “PhRMA Code ...
NFA Amends Branch Office Definition to Accommodate Remote Work by APs
The National Futures Association (“NFA”) recently amended Interpretive Notice 9002 – Registration Requirements; Branch Offices (the “Interpretive Notice”) to allow certain ...
Digital Assets, the Regulatory Void and Director Oversight
In an article published by The Review of Securities & Commodities Regulation, asset management partner and Chicago Office Managing Partner Paulita Pike and Senior Attorney ...
China Passes Personal Information Protection Law
On August 20, 2021, the Standing Committee of the National People’s Congress promulgated the Personal Information Protection Law (PIPL), which will become effective ...
Representatives Schweikert and DelBene Reintroduce Bipartisan Advancing America’s Interests Act to Curtail Intellectual Property Enforcement at the International Trade Commission
On September 7, 2021, Representatives Suzan DelBene (D-WA) and David Schweikert (R-AZ) reintroduced the “Advancing America’s Interests Act” (AAIA ...
The EU is Overhauling its AML/CTF Framework and May Be Looking to Leverage or Facilitate The Work of PPPs
The Commission’s ambitious overhaul package In late July 2021, the European Commission took a further step towards enhancing the existing European Union (EU ...
Senate Democrats Release International Tax Discussion Draft Bill
Senate Finance Committee Democrats unveiled a “discussion” draft bill that would implement certain international tax proposals included in the Biden Administration’s ...
D.C. Circuit Overturns 2018 D.D.C. Decision Invalidating Medicare Advantage Overpayment Rule: Changed Compliance and Legal Landscape for Medicare Advantage
On August 13, 2021, the U.S. Court of Appeals for the D.C. Circuit issued a strongly worded, unanimous decision overturning a 2018 District ...
SEC Advances Broad Theory of Required Disclosures of Security Incidents
A recent SEC settlement has again demonstrated the Commission’s continued attention to public companies’ disclosures of cybersecurity incidents and its commitment to ...
Over 60 of the Nation’s Leading Law Firms Respond to Investment Company Act Lawsuits Targeting the SPAC Industry
Recently a purported shareholder of certain special purpose acquisition companies (SPACs) initiated derivative lawsuits asserting that the SPACs are investment companies under the Investment Company ...
South Korea’s Anti-Corruption Campaign So Far: An Honest Crusade or Is It ‘Naeronambul’?
In the build-up to the May 2017 general elections, South Korean President Moon Jae-In, like many of his counterparts in various jurisdictions around ...
SEC Approves Nasdaq Board Diversity Rules
The Securities and Exchange Commission (SEC) recently approved the Nasdaq Stock Market LLC’s (Nasdaq) board diversity rules (Rules 5605(f) and 5606). The ...
Certain High-Density Fiber Optic Equipment: International Trade Commission Continues to Espouse Broad View of Section 337 Authority
On August 23, 2021, the United States International Trade Commission (ITC) released the public version of its Opinion in Certain High-Density Fiber Optic Equipment ...
How well is the UK Life Sciences Industry performing globally?
The life sciences sector represents one of the dominant knowledge-based economic sectors in the UK. The UK has recently set a 10-year strategy ...
OFSI Imposes Civil Monetary Penalty on FinTech Company Related to Violation of Russian Sanctions
The UK Office of Foreign Sanctions Implementation (“OFSI”) has imposed a monetary penalty of £50,000 on Fintech company TransferGo for making ...
FY 2022 Hospital IPPS/LTCH PPS Final Rule
On August 13, 2021, CMS published in the Federal Register the final rule for the federal fiscal year 2022 inpatient prospective payment system (“IPPS ...
Public Consultation on the UK’s Early Access to Medicines Scheme Launched
On 6 August, the U.K. Medicines and Healthcare products Regulatory Agency (“MHRA”) launched a public consultation on proposed changes to the Early ...
Proposed Legislation Would Subject Carried Interests to Ordinary Income Treatment
On August 5, 2021 Senate Finance Committee Chairman Ron Wyden and Senator Sheldon Whitehouse introduced proposed legislation (the “Ending the Carried Interest Loophole Act ...
Proposed Rule on CY 2022 Physician Fee Schedule Addresses Telehealth (Especially Mental Health), Drug Pricing and Reimbursement, Provider Enrollment, Vaccines, and Physician-Owned Distributor Transparency
On July 13, 2021, the Centers for Medicare & Medicaid Services (“CMS”) released the annual Physician Fee Schedule Proposed Rule (“Proposed Rule ...
A Question of Intent: FDA Amends Intended Use Regulations with Goal to Provide More Clarity, but Significant Questions Remain
On August 2, 2021, FDA issued a final rule amending its drug and medical device regulations describing the types of evidence that FDA considers relevant ...
Updated: Developments in Drug Pricing and Price Reporting as the Congressional Recess Approaches (August 2021)
Update on Most Favored Nation Pricing Proposed Rule: On August 6, 2021, HHS issued a proposed rule to rescind the November 2020 interim final rule ...
LIBOR Update: Term SOFR Now Available
The global transition away from LIBOR recently took a major step forward when the Alternative Reference Rate Committee (the “ARRC”) endorsed a forward ...
Overview of South Africa’s Anti-Corruption Landscape, State Capture, and Recent Civil Unrest
Introduction South Africa is widely regarded as Africa’s leading liberal democracy and most industrialized country,1 and it was the only African nation ...
Finance Markets Update Summer 2021
After record-breaking activity in the first half of 2021, our partners reflect on key trends and takeaways as we move forward in Q3. Click ...