The Division of Examinations of the Securities and Exchange Commission has recently announced its 2024 Examination Priorities. These include: Focus on compliance with Adviser’s fiduciary duty standard and the management of conflicts.  The Staff noted that it will be examining for advisers’ adherence to their duty of care and duty of loyalty obligations to clients. …

Both U.S. and, in some cases, non-U.S. companies can encounter concerns under the Foreign Corrupt Practices Act of 1977 (FCPA) in a variety of ways. The FCPA contains very broad anti-corruption provisions that prohibit individuals and businesses from directly or indirectly offering, promising, or providing bribes to non-U.S. government and other officials. The FCPA also…

Rimon Partners Letao Qin, David Devernoe and Matthew Poppe have authored a chapter of the Legal 500 Intellectual Property Comparative Guide. The guide provides an overview of intellectual property laws and regulations applicable in the United States. Read the chapter here Read more information about the guide here     Attorney Advertising. This document is…

Rimon attorneys Rodrigo Castillo Cottin, Ana Maria Lopez and Alejandra Becerra have co-authored the Colombia chapter of Chambers and Partners Private Wealth 2023 guide. The guide provides detailed analysis of the latest private wealth legal developments in Colombia, with a specific focus on recent tax reform, and how it could impact businesses, investors, and high-net-worth individuals. Rimon’s legal practice in Colombia…

Artificial Intelligence (“AI”) is facilitating the development of “deepfake” technology that makes possible hyper-realistic depictions of people saying, singing, or doing things they didn’t actually say, sing or do. For example, Peter Cushing and a young Carrie Fisher starred in the motion picture “Rogue One: A Star Wars Story” even though he had been dead…

Authored by Debbie Klis with contributions from Nicole Kalajian and Robin Powers. On August 23, 2023, the Securities and Exchange Commission (“SEC”) issued new final rules that impose significant new requirements on private fund advisers (the “Rules”). [1] The Rules impose limits on awarding preferential rights to certain investors, as well as mandating new disclosure,…

Dismissals due to plant closure may remain effective even if the plant is sold later – the importance of a list of concerned employees (“Namensliste”). The Corona pandemic and the war in Ukraine continue to hurl many industries around the world into daily crisis scenarios. Employers are struggling to stay in business and to literally…

This article was published by Global Trade Foreign parent companies, including US parent companies, are increasingly subject to extraterritorial legislations and are likely to face new compliance challenges coming from the European Union in 2023. Similarly, US subsidiaries of French groups should beware of both the applicable US rules and French compliance framework that they…

Recent use of artificial intelligence (“AI”)  to create scripts, books, briefs, and other works has increased public interest in AI-related copyright issues, including: Can AI-created works be protected by copyright law? Can people claim copyright protection in works they create with the assistance of AI? Do the creators of AI infringe copyright when they copy…

***This article was originally written for and published by The World Financial Review by Rimon partner Olivia Lê Horovitz, the full text of the World Finance Review article, published with consent, is below. 1. What is the control of foreign investments in France? Foreign investment control is a system of prior authorization of certain investments…