Publication
2nd Circuit defers to executive will on application of sovereign immunity
The Second Circuit recently held that federal common law protections of sovereign immunity did not preclude prosecution of a state-owned foreign corporation.
United Kingdom | Publication | March 2021
On March 18, 2021 the Department for Business, Energy and Industrial Strategy (BEIS) published the Government’s long-awaited White Paper setting out wide-ranging reforms to the UK’s audit and corporate governance framework.
Many of the proposed reforms stem from recommendations made by three independent reviews into audit and corporate reporting. These comprise the 2018 Independent Review of the Financial Reporting Council (FRC Review) led by Sir John Kingman, the 2019 Review into the Quality and Effectiveness of Audit led by Sir Donald Brydon (Brydon Review), and the Market Study of Statutory Audit Services led by the Competition and Markets Authority (CMA Study) in 2019. These reviews identified a number of weaknesses and a lack of accountability in certain areas which the White Paper is looking to address and this briefing considers the reforms proposed.
Publication
The Second Circuit recently held that federal common law protections of sovereign immunity did not preclude prosecution of a state-owned foreign corporation.
Publication
Facing the fast-growing development of AI across the globe, particularly Generative AI (GenAI), the G7 competition authorities and policymakers (Canada, France, Germany, Japan, Italy, the UK and the US) and the European Commission met in Italy on 3-4 October 2024 to discuss the main competition challenges raised by these new technologies in digital markets.
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