Daily Compliance News: April 17, 2025, The Musk Fights BEE's Edition
Episode 305 -- Deep Dive into SAP FCPA Settlement
2024 saw a significant increase in overall global fines for antitrust enforcement, with total penalties for the jurisdictions surveyed in our report at USD6.7 billion, over double that of 2023 (USD2.9bn) and substantially...more
Designed for busy in-house counsel, compliance professionals, and anti-corruption lawyers, this newsletter summarizes some of the most important international anti-corruption law and enforcement developments from the past...more
A peaceful election and slowing inflation have put M&A markets in South Africa in a more advantageous position. However, taking advantage of South African deal opportunities requires a clear understanding of a rapidly...more
In Argentum Exploration Ltd v Republic of South Africa [2024] UKSC 16, the UK Supreme Court held that South Africa was entitled to state immunity in respect of an in rem (i.e., property based) claim by salvors of a World War...more
On 26 March 2024 the Prudential Authority published, for public comment, the revised proposed directive on loss absorbency requirements for banks, bank controlling companies and branches of foreign institutions under...more
In 2024, an extraordinarily high number of national elections will be held across the globe, including in some of the biggest economies: the United States, United Kingdom, India, Mexico, South Africa, Indonesia, Russia – and...more
Sibusiso Zungu, a partner in our Johannesburg office, discusses South Africa's energy transition, current trends in African finance and challenges to achieving South Africa's sustainable development goals....more
In a press conference scheduled on September 20, 2021, the White House announced that starting in early November, it will rescind the current COVID-19 related travel bans implemented for travelers from China, Iran, the...more
The American Immigration Lawyers Association and various news outlets are reporting that, effective early November 2021, the Biden administration intends to: - Rescind the regional COVID-19 travel bans restricting travel...more
On July 6, 2021, the Department of State (DOS) issued guidance stating that national interest exceptions (NIEs) issued in the last 12 months are being automatically extended for 12 months from the date of approval, and for...more
The U.S. Department of State has extended the validity of National Interest Exceptions (NIEs) for travelers from China, Iran, India, Brazil, South Africa, the Schengen Area, Ireland and the United Kingdom whose admission to...more
On 26 April 2021, the UK’s first sanctions under the Global Anti-Corruption Sanctions Regulations 2021 (SI 2021/488) (“the Regulations”) came into force. The Regulations are made under the Sanctions and Anti-Money Laundering...more
On January 25, 2021, Presidential Proclamation (PP) 10143 extended PP 9993, which had suspended certain travel from those physically present in the Schengen Area and other countries since March 2020. PP 10143 restricts entry...more
The U.S. Department of State (DOS) recently altered existing guidance on travel to the United States and further restricted business travel from certain countries, including the Schengen Area of Europe, United Kingdom,...more
On March 2, 2021, the U.S. Department of State issued revised guidance further limiting eligibility for National Interest Exemptions (NIEs) for travelers from the Schengen Area, the United Kingdom and Ireland whose...more
On January 25, 2021, President Joseph R. Biden Jr. issued a proclamation reinstating COVID-19 entry restrictions for travelers from Brazil, the United Kingdom, Ireland, and the 26 countries that comprise the Schengen Area of...more
Travelers to Washington State from countries where a new strain of the novel coronavirus is circulating must quarantine for 14 days after arrival. On December 21, 2020, Governor Jay Inslee announced quarantine requirements...more
Australia - New Labor Market Testing Requirements Announced - The Australian government has announced new legislation impacting the Labor Market Testing (LMT) requirements for employer-sponsored visas. Employers seeking to...more
We continue to cover the patchwork of price gouging laws and enforcement actions brought under them, providing an overview of the current legal landscape. We are also following and will report on the application of price...more
As we previously reported, the COVID-19 pandemic has altered the global workplace and international employer-employee relations in profound ways. ...more
Earlier this month the FDA issued guidance listing general factors for study sponsors to take into consideration to assure the safety of clinical trial participants, maintain a good clinical practice, and minimize risks to...more
CEO Dara Khosrowshahi is undoubtedly breathing a sigh of relief on news out of the UK yesterday that Uber will regain its taxi license in London—a “crucial victory for efforts by its new chief executive to revamp the...more
ANTICORRUPTION DEVELOPMENTS – Canadian Mining Company Settles with SEC over FCPA Charges – On March 26, Kinross Gold Corporation settled with the Securities and Exchange Commission (SEC) over its alleged failure to...more