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By Legal Week | August 3, 2010
The regulatory infrastructure that underpins the legal profession is undergoing unprecedented change, with the idea that the profession is capable of regulating itself irretrievably abandoned. And now that the new, wholly independent governing bodies are in place, attention is focused on the way in which the new order will go about its day-to-day business. The reforms enshrined in the Legal Services Act focus on the organisational change that is needed to move away from self-regulation towards a more independent structure. The independent Legal Services Board (LSB) has been created to be the oversight regulator for the entire legal profession, with a mandate to raise public awareness of the professional standards against which practitioners are assessed - and the grievance procedures that are available, if required.
1 minute read
By Legal Week | August 3, 2010
Following on from the Solicitors' Code of Conduct 2007, the implementation of the Legal Services Act 2007 and the development of the Legal Services Board at the end of 2009, the Solicitors Regulation Authority (SRA) has recently published further plans for regulatory change. These plans are characterised by a new consumer-focused approach and, specifically, the proposed outcomes-focused regulation embodied in the draft code of conduct coming into force on 6 October 2011.
1 minute read
By Suzi Ring | August 2, 2010
Gibson Dunn & Crutcher is to open an office in Hong Kong this year as the top 20 US law firm moves extend its compliance and white collar crime practice into Asia. The new office will be led by Kelly Austin, who joins the firm as a partner from General Electric International in Hong Kong, where she has been for the last eight years. She specialises in Asia-wide Foreign Corrupt Practices Act (FCPA) and compliance matters. Austin will be joined by Gibson Dunn corporate partner Joseph Barbeau, who is relocating from the firm's Palo Alto office, and associate Kate Yin, who is relocating from its Los Angeles office.
1 minute read
By Alex Aldridge | July 29, 2010
The Financial Services Authority (FSA) is aiming to attract more secondees from law firms to assist in its dismantling following last month's announcement that the UK's system of financial regulation is to be overhauled. The secondees will assist the FSA's general counsel division in dividing up the City watchdog to form the separate regulators - the Prudential Regulation Authority (PRA) and the Consumer Protection and Markets Authority (CPMA) - at the heart of the new regulatory framework.
1 minute read
By Legal Week | July 21, 2010
Fabrice Tourre, the Goldman Sachs trader at the heart of a high-profile fraud claim launched against the bank, has blamed its in-house legal team in his defence, writes Corporate Counsel. In a filing on Monday (19 July) in federal court in Manhattan, the self-described 'Fabulous Fab' denied allegations by the Securities and Exchange Commission (SEC) that he made materially misleading statements or omissions in a 2007 deal involving subprime mortgages.
1 minute read
By Legal Week | July 21, 2010
Major changes to the regulation of the financial services industry are coming from a bewildering array of directions. CC's Simon Crown charts the challenge of working in perennial uncertainty
1 minute read
By Legal Week | July 21, 2010
The creation of a new agency to tackle white-collar crime raises awkward questions about funding, argue Norton Rose's Charles Evans and Dorian Drew
1 minute read
By Legal Week | July 21, 2010
The New York Federal Reserve Bank general counsel Thomas Baxter helped engineer the bailouts that kept the bottom from falling out of the economy. Sue Reisinger reports
1 minute read
By Legal Week | July 21, 2010
After a period of 'will they, won't they?', the Chancellor finally ended the speculation over the Financial Services Authority's (FSA's) fate in his Mansion House speech. The announcement spelled the end of the tripartite regulation system as well as the FSA, whose responsibilities will be shared out among newly-created bodies after its planned demise in 2012. The new Government has opted for a 'twin peaks' model of regulation, whereby conduct of business and prudential regulation will be supervised by separate bodies.
1 minute read
By Alex Aldridge | July 21, 2010
The FSA is to be broken up as part of a huge shake-up of regulation by the new Government - despite strong misgivings from City professionals. Alex Aldridge charts the watchdog's rise and fall and looks at the new bodies that will replace it
1 minute read
By Nyana Abreu Miller and Raul Torrao | June 14, 2021
After years of debate, Brazil recently enacted legislation amending its bankruptcy statute and modernizing the Brazilian insolvency system.
18 minute read
By Bruce Love | June 14, 2021
Covington, Akin Gump and Brownstein Hyatt have been paid millions of dollars in lobbying as a result of Biden's infrastructure proposals.
6 minute read
By David J. Oberly, Blank Rome | June 14, 2021
Virtual try-on technology that relies on facial recognition software is also quickly emerging as the next major target of bet-the-company biometric privacy class action litigation.
8 minute read
By Cheryl Miller | June 10, 2021
Welcome to Law.com's cannabis briefing Higher Law! This week we're looking at: NY vs. NJ on proposed cannabis regs • A medical marijuana user's workers compensation win • Skadden Arps successful defense of a securities suit. Thanks for reading!
8 minute read
By Catherine Zhu, Foley & Lardner | June 10, 2021
Similar to when GDPR passed in 2018, non-EU companies who are not directly subject to GDPR can expect to find themselves having to comply with additional privacy obligations under the new SCCs by virtue of their interactions with EU-based entities or EU personal data.
6 minute read
By Cheryl Miller | June 10, 2021
The changing proposals have frustrated employers, who have pelted regulators and the Newsom administration with criticism and pleas for clarity.
3 minute read
By Lawrence L. Bell | June 9, 2021
In addition to funding the government and further COVID-19 relief, the recently signed Consolidated Appropriations Act (CAA) included significant provisions impacting health benefit coverage.
15 minute read
By ALM Staff | June 7, 2021
This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read
By Matthew L. Levine | June 7, 2021
Cybersecurity remains an important policy objective for Governor Cuomo and DFS, and regulated entities and cybersecurity practitioners are likely to see a good deal more action flow from DFS before 2021 is done.
11 minute read
By Cheryl Miller | June 4, 2021
Eric Berg, head of CalOSHA's research and standards division, said the continuing mask mandates were designed to protect unvaccinated and immunocompromised workers.
3 minute read
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.
Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
Associate attorney position at NJ Immigration Law firm: Leschak & Associates, LLC, based in Freehold, NJ, is looking for a full time ass...
Company Description CourtLaw Injury Lawyers is an established Personal Injury Law Firm with its primary office located in Perth Amboy, New J...
McCarter & English, LLP, a well established and growing law firm, is actively seeking a talented and driven associate having 2-5 years o...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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