In the latest episode of Sheppard Mullin’s French Insider, a monthly podcast dedicated to guiding French investors and companies through the complexities of investing and operating in the United States, Sheppard Mullin’s Jonathan Meyer offers a deep dive into the
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CBP Issues Forced Labor Finding Concerning Aluminum Products Made by Chinese-owned Company in Dominican Republic
On December 4, 2024, U.S. Customs and Border Protection (CBP) released a forced labor finding concerning aluminum extrusions and profile products produced wholly or in part by Kingtom Aluminio S.R.L. (“Kingtom”), a Chinese-owned aluminum extruder in the Dominican Republic. Effective…
Texas Court Blocks CTA Nationwide 4 Weeks Before Key Reporting Deadline
A Texas district court has issued a nationwide preliminary injunction four weeks before a key Jan. 1, 2025, reporting deadline for the Corporate Transparency Act (CTA) that, while in effect, enjoins enforcement of the CTA’s beneficial ownership information (BOI) reporting…
European Commission’s draft guidelines on Article 102 – webinar series
Our webinar series on the European Commission’s draft guidelines on Article 102 is now available on demand here. The series, hosted by Kevin Coates, a former European Commission head of unit and an antitrust partner in Covington’s Brussels office,…
Changes to holiday pay entitlement based on an overall commitment requires co-determination by the works council
If the employer changes the existing remuneration principles in the company in breach of the works council’s right of co-determination pursuant to Section 87 (1) No. 10 BetrVG, the affected employees can demand remuneration based on the remuneration principles last…
Änderungen eines Urlaubsgeldanspruchs aufgrund einer Gesamtzusage bedürfen der Mitbestimmung des Betriebsrats
Ändert der Arbeitgeber die im Betrieb bestehenden Entlohnungsgrundsätze unter Verstoß gegen das Mitbestimmungsrecht des Betriebsrats nach § 87 Abs. 1 Nr. 10 BetrVG, können die betroffenen Arbeitnehmerinnen und Arbeitnehmer eine Vergütung auf Grundlage der zuletzt mitbestimmungsgemäß eingeführten Entlohnungsgrundsätze fordern.
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Federal District Court Issues Nationwide Preliminary Injunction Against Enforcement of the Corporate Transparency Act
On December 3, 2024, the United States District Court for the Eastern District of Texas issued a nationwide preliminary injunction against enforcement of the Corporate Transparency Act (“CTA”). Enacted as part of the Anti-Money Laundering Act of 2020, the CTA…
Sanctions on Russian Securities Infrastructure Create Additional Hurdles to Divesting from Russia
The Russian financial services sector remains a key target of U.S., UK, and EU sanctions. As discussed below, a number of recent such sanctions against Russia and countermeasures by the Russian government have further complicated efforts for investors seeking to…
OFAC Further Expands Sanctions on Iran for Missile Attack on Israel and Renewed Nuclear Escalations
On December 3, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it was “intensifying pressure” on Iran’s petroleum and petrochemical sectors by imposing sanctions on 35 entities and vessels “that play a critical role…
Client Alert: The EU Foreign Subsidies Regulation One Year On: An Effective Tool or Just More Red Tape?
The notification obligations set out in the EU Foreign Subsidies Regulation (FSR) became applicable about a year ago. High value M&A transactions and government calls for tender now need to be notified to the European Commission before they can be…