John W Gibson and Tim Harris discuss the enforcement risks created by cum-ex transactions and the implications for jurisdictions, such as the UK, where cum-ex transactions per se have not been carried out, but where dividend arbitrage trades carry a risk of facilitating tax evasion, money laundering, or market abuse.
Further to the “Professional Future” law, which entered fully into force last summer, new regulations have been adopted this year which reform the system for the secondment of foreign workers in France. Angéline Duffour, Anna Milleret-Godet, and Saruji Sambukumaran discuss how these new regulations, some applicable immediately and some going into effect in July 2020, aim to increase workers’ rights and employer obligations.
In this C&G Client Alert, Melissa H Maxman, Ronald F Wick, Erica Lai, and Danielle Morello discuss the U.S. Department of Justice's (DOJ) announcement that it will now consider crediting companies for “robust” compliance programs at the charging stage of criminal antitrust investigations. This signals a reversal of the DOJ’s longstanding policy of allowing substantial penalty reductions only for “early-in” whistleblowers.
The law of insider trading has long been criticized as lacking clear standards for what constitutes a violation. Unlike many aspects of federal securities regulations, insider trading is not defined by statute or regulation. Instead, the contours of this complex area have for decades been drawn by shifting and sometimes conflicting judicial interpretations of the anti-fraud provisions of the Securities Exchange Act of 1934 and related rules.
In May, Congress took a big step toward clarifying this area of the law, when the Financial Services Committee of the U.S. House of Representatives unanimously approved the Insider Trading Prohibition Act. If the bill becomes law, it would simplify an inherently complex area, but might also lead to regulators and prosecutors bringing more insider trading cases.
Lawrence T Gresser and Marvin J Lowenthal highlight the ways in which artificial intelligence may affect the law firms of the future in their most recent article for the New York Law Journal.
C Evan Stewart examines the U.S. Supreme Court decisions in the Gold Clause cases of the 1930s in his latest Legal History column for the Federal Bar Council Quarterly.
Miriam González Durántez writes article for the Financial Times about the upcoming Spanish election.
Ronald F Wick discusses the implications of the Federal Trade Commission's plans to create a new task force focused on monitoring competition in U.S. technology markets in his latest C&G Client Alert.