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New Era Dawns for Hong Kong’s Virtual Assets Sector
The regulatory perimeter continues to expand as the Securities and Futures Commission introduces a comprehensive regime to regulate virtual asset service providers. This Client Alert reviews key obligations and requirements which the new regime will impose on virtual asset trading platforms (VATPs). The Client Alert also discusses next steps for those considering to apply for…
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European Parliament’s Leading Committees Vote to Approve AI Act
The world’s first artificial intelligence (AI) regulatory framework is “a step closer” to becoming law, the European Parliament recently announced. Following the European Commission’s 2021 draft proposal, a draft negotiating mandate was adopted by a large majority in the EU Parliament’s Committee on Civil Liberties, Justice and Home Affairs and Committee on the Internal Market…
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IP and Commercial Contract Litigation Developments and Trends: What Transactional Lawyers Should Know
As part of our Spotlight series, we invited litigation partners Dana E. Becker (Philadelphia), Shon Lo (Chicago), and Krista Vink Venegas, Ph.D. (Chicago), to talk about recent trends and issues in IP-related and other commercial litigation that would be of particular interest to our readers. Dana, Shon, and Krista are deeply knowledgeable practitioners in the…
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NPP, DCC, And FDA-Regulated Medical Products
Politics makes strange bedfellows. So does the law. Weird cases also make weird law. The Supreme Court decision in National Pork Producers Council v. Ross, No. 21–468, — S. Ct. — , 2023 WL 3356528 (U.S. May 11, 2023) (“NPP”), evidences each of those old saws….By: Reed Smith
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Freedom Mortgage Customers’ Social Security Numbers Leaked in MIAC Data Breach
On May 22, 2023, Freedom Mortgage Corporation filed a notice of data breach with the Massachusetts Office of Consumer Affairs and Business Regulation after learning that confidential consumer data entrusted to the company was subject to unauthorized access. Evidently, the incident was the result of a cybersecurity incident at one of the company’s vendors, Mortgage…
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When AI Goes Wrong: A Lawyer’s Botched Use of ChatGPT in Court
In the arena of litigation, where the stakes are often high and the margin for error is slim, a legal practitioner, Mr. Steven A. Schwartz, embarked upon an unconventional path in a personal injury lawsuit. He had decided to entrust his case to the artificial intelligence chatbot known as ChatGPT……By: Montague Law
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Russia Denounces West Over Drone Strike on Moscow
Kremlin officials said Ukraine’s allies should have condemned the strike, and argued again that its real war was with the West.
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Washington Approves Another $300 Million in Military Aid to Ukraine
The package includes more ammunition for air defense systems, long-range artillery and drones. It comes as Moscow has come under drone attacks in recent days, and Ukraine is gearing up for a counteroffensive.
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Individual Canadian Cigarettes to Be Labeled With Health Warnings
Tobacco companies must soon label individual cigarettes sold in the country with a health warning, in what Canada is calling a global first.
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Ireland Worries That Brexit Will Ruin Fishing Industry
Along Ireland’s coast, fishing has been a way of life for generations. But changes to the industry — including a cut in quotas after Brexit and a government plan to scrap boats — may see a way of life disappear.
