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New Laws Reinforce California’s Hostility to Non-Competes with Notice Obligations and Civil Penalties

California recently enacted two bills — SB 699 and AB 1076 — amending and adding to Section 16600 of the California Business and Professions Code to broaden the scope of California’s already expansive prohibitions on...more

California Expands Pay Data Reporting Obligations for Large Employers

Currently, California requires large private employers that are subject to EEO-1 reporting obligations under federal law to also submit annual pay data reports to the California Civil Rights Division (CRD). Covered employers...more

New California Pay Transparency Law Expands Requirement to Disclose Pay Ranges

Since 2018, California has required employers to provide the pay scale for a position when requested by an applicant that has completed an initial interview. Beginning January 1, 2023, employers that are hiring in California...more

U.S. Supreme Court Approves Employment Arbitration Agreements with Class Action Waivers

On May 21, 2018, the U.S. Supreme Court upheld the enforceability of class action waivers in employment arbitration agreements in its Epic Systems v. Lewis decision. Because private arbitration is generally viewed as a...more

Myanmar’s Yangon Stock Exchange to Establish Blockchain-based Stock Exchange

Daiwa Securities Group, a Tokyo-based securities brokerage, will be working with Myanmar’s Yangon Stock Exchange (YSX) to establish a Blockchain-based stock exchange by integrating Daiwa’s equity trading into the Yangon...more

California Digital Currency Regulation Is On Again and Then Off Again

California first proposed a licensing framework for digital currency companies in February 2015, though the bill was inactive by September 2015. Just last week, California legislators introduced a bill that was amended from...more

EU Proposal to Address Virtual Currency Exchanges & Wallet Providers in Anti-Money Laundering Laws

The European Commission recently published a proposal to amend the Fourth Anti-Money Laundering Directive, the legislation that specifies the anti-money laundering, or AML, and counter terrorist financing rules for EU Member...more

New York and California Increase the Minimum Wage; New York and San Francisco Enact Paid Family Leave Laws

New York State Enacts Phased-In $15 Per Hour Minimum Wage - On April 4, 2016, New York Governor Andrew Cuomo signed legislation enacting a statewide $15 per hour minimum wage plan. Under the legislation, New York’s...more

European Parliament Draft Report Calls for the Creation of Task Force Devoted to Digital Currencies

A new report published by the European Parliament’s Committee on Economic and Monetary Affairs calls for the establishment of a task force, with its own budget and dedicated staff, that would study digital currencies and...more

Citi Calls UK Government to Create its Own Digital Currency

Coindesk recently published Citi Bank’s response to the UK Treasury’s call for information on digital currency, in which Citi Bank told the UK government it should consider creating its own digital currency. Citi’s Treasury...more

6/9/2015  /  Banks , Citibank , Digital Currency , HM Treasury , UK
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