companies | Judiciary.org

Upcoming Reporting Requirements for Venture Capital Companies with a Nexus to California

Venture capital companies with a nexus to California should be aware of new reporting requirements that become effective on March 1, 2026. The reporting requirements stem from California’s Fair Investment Practices by Venture Capital Companies Law, and are intended to help the state gather demographic information about the business in which these venture capital companies invest, as well as data about the size of such investments.

Specifically, the new requirements will apply to venture capital companies meeting the definition of … Read the rest

Civil Law

Emerging Trends in Criminal Cases Involving Internet Companies: Analysis of High-Frequency Crimes and Risk Control Suggestions

I. Introduction

In recent years, following a period of explosive growth, China’s internet industry has gradually entered a stage of stock competition. Driven by intense internal performance metrics and the lure of substantial financial gain, cases of employees exploiting their positions, system vulnerabilities, or management deficiencies to commit crimes to seek illicit profits have become increasingly common. Such incidents not only inflict significant economic losses on companies but also severely erode corporate culture and business credibility. For internet enterprises, establishing a … Read the rest

Civil Law

Professors Call for Saudi Appraisal Rights Along with Other Companies Act Reforms

We have previously covered (thanks to a guest post) that Saudi Arabia does not have appraisal rights, though its Companies Law provides for a number of other shareholder rights. Is it time for a change?

Professors Alhasani and Hassan of Prince Sultan University say “yes.” In a comprehensive paper in the International Journal for Scientific Research, the two professors call for the Saudi Companies Law to add explicit appraisal rights, along with a number of other suggested changes. Get the … Read the rest

Civil Law

CFPB Spring 2024 Supervisory Highlights looks at consumer reporting companies and furnishers

The CFPB has released the Spring 2024 edition of Supervisory Highlights. The report discusses CFPB examinations in connection with credit reporting and furnishing that were completed from April 1, 2023 through December 31, 2023.

Key findings by CFPB examiners are described below.

Examinations of credit reporting companies (CRCs) found the following deficiencies:

CRCs failed to timely implement blocks of information after receiving the requisite information relating to an alleged identity theft, without otherwise making a reasonable determination with respect to

… Read the rest

Supreme Court

Oil companies, government point fingers over cleanup of World War II-era pollution

The Petitions of the Week column highlights a selection of cert petitions recently filed in the Supreme Court. A list of all petitions we’re watching is available here.

During World War II, Congress authorized President Franklin Roosevelt to enlist oil refineries for the war effort. Centralization helped meet the war’s rapidly increasing demand for fuel. But it also led to a glut of hazardous waste, some of which leaked into the ecosystems surrounding the refineries. This week, we … Read the rest

Civil Law

EU BANS PRODUCTS MADE USING FORCED LABOUR – WHAT SHOULD COMPANIES EXPECT?

On March 5, 2024, the European Parliament and the Council of the European Union reached a “political agreement” on a Regulation prohibiting products made with forced labour (“the EU Forced Labour Regulation” or “the EUFLR“) on the European Union (“EU“) market (see Insight of 6 March 2024 hhttps://www.mayerbrown.com/en/insights/publications/2024/03/eu-political-agreement-on-forced-labor-product-ban). The EUFLR prohibits companies from “placing and making available” on the EU market, or exporting from the EU, products made with forced labour.

Continue reading at Mayerbrown.com.

LexBlog… Read the rest

Supreme Court

Justices clear the way for Louisiana wetlands trial against oil companies to go forward

The Supreme Court on Tuesday morning declined to put a Louisiana trial seeking compensation for the “existential threat” posed by coastal land loss on hold while the defendants in the case, a group of oil companies, seek review of a state court decision rejecting their request to transfer the case. The oil companies had argued that they cannot get a fair trial in the court where they are being sued because any awards against them will go to the … Read the rest

Supreme Court

Biden asks justices to block limits on collaboration with social media companies

The Biden administration on Thursday afternoon asked the Supreme Court to temporarily block a lower court’s order that would limit its ability to communicate with social media companies over content moderation policies. U.S. Solicitor General Elizabeth Prelogar told the justices that if the “unprecedented” order is allowed to stand, it would put a Louisiana district judge in charge of overseeing the executive branch’s communications with social media companies.

Shortly after receiving the government’s request, Justice Samuel Alito — who … Read the rest