THE SUPREME COURT HAS REJECTED TWO OF THE THREE CLAIMS IT WAS ASKED TO DECIDE, AND UPHELD THE OTHER BASED ON ITS SPECIFIC FACTS -
OVERVIEW -
In a landmark decision which will be closely scrutinised by the finance industry,…
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/ Business Torts, Civil Procedure, Commercial Law & Contracts, Consumer Protection, Finance & Banking
Obligations relating to general-purpose artificial intelligence (“GPAI”) models under the EU AI Act enter into force on 2 August 2025. Ahead of this deadline, the European Commission (the “Commission”) has published a suite of…
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/ Intellectual Property, Privacy, Science, Computers, & Technology
I. U.S. SANCTIONS -
U.S. Treasury Department Sanctions Iranian Shipping Network that Transports Oil and Petroleum Products from Russia: On July 30, the U.S. Department of the Treasury’s Office of Foreign Assets Control…
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/ Energy & Utilities, International Law & Trade, Maritime Law
In this episode of The Upper Brand, Richard Assmus, Kristine Young, and Christa Cole delve into key court cases that have shaped trademark law. They explore the intricacies of functional and generic trademarks, with insights…
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/ Intellectual Property
On 18 July 2025, Dubai Chambers launched the Dubai Hub in London. The Dubai Hub consolidates various legal and administrative services provided by multiple Dubai government entities under one international service centre. This…
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/ Administrative Law, Alternative Dispute Resolution (ADR), Civil Procedure, Commercial Law & Contracts, International Law & Trade
The legal battle over the scope of orphan drug exclusivity continues, as the U.S. Food and Drug Administration (“FDA”) has recently lost a second case concerning the exclusivity provisions of the Orphan Drug Act (“ODA”)…
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/ Administrative Law, Health
Leading businesses continue to suffer cyber attacks at the hands of sophisticated ransomware groups. For example, the threat group “Scattered Spider” (also known as UNC3944, Octo Tempest, 0ktapus) is once again making headlines…
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/ Criminal Law, Privacy, Science, Computers, & Technology
On 1 August 2025, the Arbitration Act 2025 ("2025 Act") will come fully into force1. The 2025 Act revamps the arbitration framework for England, Wales and Northern Ireland (through amendments to the Arbitration Act 1996)…
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/ Alternative Dispute Resolution (ADR), Civil Procedure, Conflict of Laws
On 22 July 2025, the UK Government published its fourth Annual Report on the operation of the National Security and Investment Act 2021 (NSIA). On the same day, the Labour administration unveiled proposals to reform the NSIA…
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/ Administrative Law, Business Organizations, Finance & Banking, International Law & Trade, Mergers & Acquisitions
On May 22, 2025, Decree No. 12,466 was published, increasing the tax rates of Tax on Financial Transactions (“IOF”) levied on multiple operations of insurance, credit and exchange, especially the ones related to (i) credits…
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/ Constitutional Law, Finance & Banking, Taxation
On July 17, 2025, the Brazilian Ministry of Ports and Airports (“MPOR”) opened a public consultation regarding a draft ordinance, establishing the essential clauses of long-term transportation contracts for the purpose of…
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/ Administrative Law, Maritime Law, Transportation
KEY TAKEAWAYS -
The US Department of Justice (DOJ) Antitrust Division has launched its first-ever Whistleblower Rewards Program, offering financial incentives to individuals who report criminal antitrust violations affecting…
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/ Antitrust & Trade Regulation, Commercial Law & Contracts, Criminal Law, Government Contracting, Labor & Employment Law
On July 23, 2025, the IRS issued guidance on audits of large corporate taxpayers. This guidance falls squarely in line with previous IRS statements at conferences, as well as its prior guidance about making examinations more…
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/ Business Organizations, Taxation
On July 15, 2025, the Federal Deposit Insurance Corporation (“FDIC”) requested comment on its framework for reviewing applications for deposit insurance from industrial loan companies and industrial banks (collectively, “ILCs”)…
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/ Finance & Banking, Insurance
If you are involved in issuing or trading securities, you are familiar with CUSIP numbers, the ninedigit alphanumeric codes that identify specific securities in the United States and Canada. What you may not know is that…
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/ Business Organizations, Finance & Banking, Securities Law
