Step Aside California: Virginia Consumer Data Protection Act Becomes Law
On March 2, 2021, Virginia Governor Ralph Northam signed the Virginia Consumer Data Protection Act (CDPA) into law without further amendments. Virginia now joins California ...
IRS and DOL Issue Separate COVID-19-Related Benefit Plan Guidance for Employee Benefit Plans and Plan Participants: Take Note of Opportunities and Deadlines
The Internal Revenue Service (IRS) and the Department of Labor (DOL) separately issued important guidance on COVID-19-related relief over the past week. This ...
FINRA Publishes New 2021 Report on FINRA’s Examination and Risk Monitoring Program with Guidance to Member Firms, Including on Emerging Risks
On February 1, 2021, the Financial Industry Regulatory Authority (“FINRA”) published the first annual Report on FINRA’s Examination and Risk Monitoring ...
3 Takeaways From Intel Retirement Plan Leaders' ERISA Win
This article was originally published by Law360 on Feb. 16, 2021. The status of alternative investments as viable options on 401(k) plan menus received ...
Chinese Government Introduces Rules Restricting Application of Foreign Laws
Last month the Ministry of Commerce of China (“MOFCOM”) promulgated the Rules for Blocking Unjustified Extraterritorial Application of Foreign Laws and Measures (the ...
Back to the Future: New Executive Order Restarts Myanmar Sanctions
On February 11, 2021, President Joe Biden issued an Executive Order, “Blocking Property with Respect to the Situation in Burma” (the “Executive ...
New European Data Protection Board (EDPB) Guidance Highlights – but Leaves Unresolved – Several GDPR Compliance Issues Facing Clinical Researchers
Last week, the European Data Protection Board (the “EDPB”) released new guidance on the application of the European Union General Data Protection Regulation ...
Nine Key Takeaways for Providers as Illinois Returns to Phase 4 of the “Restore Illinois” Plan
As of February 4, 2021, each of Illinois’s eleven regions has returned to Phase 4 of the “Restore Illinois” plan, with ...
President Biden’s Buy American Executive Order Signals Possible Heightened False Claims Act Risk for Government Contractors
On January 25th, 2021, President Biden signed Executive Order 14005, entitled “Ensuring the Future Is Made in All of America by All of America ...
Colombia’s Superintendence of Companies Expands New Criteria for Compliance Programs: Deadline to Comply by April 30, 2021
This Alert is also available in Spanish. In recent years, the Colombian government has demonstrated a strong commitment to rectifying the culture of impunity ...
IRS Issues Final Regulations on Deductions of Certain Settlement Payments to Governments
On January 14, 2021, the IRS released final regulations (T.D. 9946) (the “Final Regulations”) interpreting Sections 162(f) and 6050X of the ...
FDA Publishes Action Plan for Oversight of Artificial Intelligence/Machine Learning-Based Medical Software
On January 12, 2021, the U.S. Food and Drug Administration (“FDA”) released its Artificial Intelligence/Machine Learning (“AI/ML”)-Based ...
FTC, DOJ Announce Suspension of HSR Early Termination
The Federal Trade Commission (“FTC”) and Department of Justice (“DOJ”) announced on February 4 that they have suspended the practice of ...
2022 Medicare Advantage and Part D Final Rule Includes Update to Star Ratings System and Implementing Coverage and Transparency Measures
On January 15, 2021, the Centers for Medicare & Medicaid Services (“CMS”) issued the Contract Year 2022 Medicare Advantage and Part D Final ...
Ropes & Gray’s Investment Management Update December 2020–January 2021
The following summarizes recent legal developments of note affecting the mutual fund/investment management industry: SEC No-Action Letter Regarding Funds’ Self-Custody of ...
European and Global Private Equity Health Care and Life Sciences 2020 Review and Looking Ahead to 2021
The COVID-19 pandemic has transformed the business landscape across the health care and life sciences industries, and continues to do so. In this unprecedented ...
FTC Announces Decreased HSR Thresholds
The Federal Trade Commission has announced revised jurisdictional and filing fee thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“the Act ...
FTC Announces Revised Thresholds for Interlocking Directorates
The Federal Trade Commission has announced revised thresholds for interlocking directorates required under Section 8 of the Clayton Act (15 U.S.C. § 19 ...
European Data Protection Board Issues Guidelines on Examples Regarding Data Breach Notification
On 14 January 2021 the European Data Protection Board (EDPB) adopted Guidelines 01/2021 on Examples Regarding Data Breach Notification, (“Guidelines”). The Guidelines ...
Private Funds Report, Volume 1 – 2020 Year in Review And A Look Ahead
In this inaugural edition of Private Funds Report, we cover a detailed look at 2020, a year dominated by the COVID-19 pandemic, in respect ...
2020 Enforcement Review: FDA-Regulated Medical Products and Food Safety
The dynamic nature of the COVID-19 pandemic demanded an all-hands-on-deck approach to enforcement in 2020 by the U.S. Food ...
U.S. Financing Markets Winter 2021 Update
1. U.S. Financing Markets – Forward Momentum Positive sentiment driven by the announcement of COVID-19 vaccine approvals buoyed the institutional markets in late ...
Bipartisan Proposal for Extension and Revision of Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – Summary of Key Provisions
On December 21, 2020, a bipartisan majority in each house of Congress passed an omnibus Consolidated Appropriations Act for fiscal year 2021 (The Act). The ...
Final Tax-Exempt Organizations Executive Compensation Excise Tax Regulations Released
On January 11, 2021, the Department of the Treasury and the Internal Revenue Service released final regulations (the “Final Regulations”) providing guidance on ...
In Focus: 2020 and The Year Ahead for European Private Capital
As we start the new year, we take a look back at some of our highlights from 2020, and offer our view for the year ...