At the Summer 2023 National Meeting of the US National Association of Insurance Commissioners (“NAIC”), a number of sessions were focused on environmental, social and governance (“ESG”) initiatives, led by the Special (EX) Committee on Race and Insurance (the “R&I Committee”) and the Climate and Resiliency (EX) Task Force (“C&R Task Force”), both of which report to the NAIC Executive (EX) Committee. While neither the C&R Task Force nor the R&I Committee announced any … Read the rest
The Goods and Services Tax (“GST”) legislation has recently completed its sixth anniversary. The 50th GST Council meeting conducted on July 11, 2023 was marked by tax rate changes, availability of exemptions, procedural amendments, etc. It is noteworthy that the GST Council is proactively considering representations and feedback from all quarters of the industry. While the Government has been persistent in its efforts to iron out all creases, bottlenecks continue to exist. It was also expected that … Read the rest
Q: It has been nearly a year since the Supreme Court’s decision in AMG Capital Management, LLC v. FTC foreclosed the FTC’s ability to pursue monetary remedies under Section 13(b) of the FTC Act. How has AMG affected the FTC’s enforcement program, particularly in consumer protection cases.
A: As an initial matter, it’s Important to emphasize that the Supreme Court did not take any authority away from the FTC; it concluded 9-0 that the FTC did not have the authority … Read the rest
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Just four days after President Joe Biden nominated her to succeed Justice Stephen Breyer, Judge Ketanji Brown Jackson submitted her responses to a questionnaire that the Senate Judiciary Committee will use as it considers her nomination. Her responses repeat many of the details in the questionnaire that she submitted in 2021 when she was nominated to her current position on the U.S. Court of Appeals for the District of Columbia Circuit. But Jackson’s Supreme Court questionnaire does provide new … Read the rest