Member contributed global industry news, new member announcements, articles & opinion.
The reporting obligation exists regardless of the size of the transaction. The Money Laundering Act (GwG) serves to combat money laundering, terrorist financing, and tax evasion. Accordingly, the GwG also includes enhanced due diligence and reporting obligations when there is a suspicion of money laundering. If there is a suspicion that money or assets originate […]
Marketing on a budget: Smart strategies for small to medium businesses
As a business owner, allocating resources effectively is crucial for growth and success. One area that often gets overlooked or underfunded is marketing. However, even modest marketing efforts can yield significant returns with the right strategies and a well-planned budget. Setting a realistic marketing budget A common rule of thumb is to allocate 2-5% of […]
Although most people know they should have an estate plan for loved ones to follow in the event of death or incapacity, …
HM Treasury has published a paper outlining its approach to designating critical third parties (CTPs) to the UK financial services sector. Highlights of the paper include:
The US Patent and Trademark Office (USPTO) and the Copyright Office have published the results of their joint study on non-fungible tokens (NFTs) and intellectual property (IP). The Report was created in response to a June 2022 request from Senators Patrick Leahy (D-VT) and Thom Tillis (R-N.C.) to undertake a study to examine current and future applications […]
New Reporting Requirements Under The Corporate Transparency Act
By Robert R. Boeche, Partner; Robert D. Conca, Partner; and Eden Elkayam, Law Clerk of Shustak Reynolds & Partners, P.C. posted on Tuesday, March 19, 2024. Beginning January 2024, several new laws began to take effect, impacting various professionals – specifically those U.S. businesses and entities who file documents with the secretary of state. The U.S. Department of the Treasury’s […]
Study Finds that Existing Law is Sufficient to Address Infringement of NFT Applications Recently, in an NFT joint study by the United States Patent and Trademark Office (USPTO) and the United States Copyright Office. Officials found that the enforcement mechanisms currently in effect can effectively handle infringement concerns regarding non-fungible token (NFT) applications. What Prompted the NFT […]
Articles, podcasts, videos, books… In “Have you seen/read it”, UGGC shares its favorites (or guilty pleasures). Organized since 1871 by the twelve Secretaries of the Conference, young lawyers selected for their eloquence, the Berryer Conference presents itself as “a crazy oratorical joust”! Every month, it is the playground of reckless candidates who love the witticism, and distinguished […]
The Visionaries – Uyghur Forced Labor Prevention Act: the latest
In recent years, the global spotlight has illuminated the grave concerns surrounding human rights violations within China’s Xinjiang region, particularly those impacting the Uyghur population. The Uyghur Forced Labor Prevention Act (UFLPA) stands as a pivotal piece of legislation designed to address these concerns and to ensure that products imported into the United States are […]
Is AI complicating the copyright process in your jurisdiction? Japan’s engagement with AI technologies presents new challenges for copyright law, particularly as generative AI becomes more prevalent. The core issue lies in the ambiguity of applying existing copyright laws to AI-generated content, which raises questions about copyright infringement and the extent of protection offered. Three […]
How are inflation and rising costs of living affecting private clients in your jurisdiction? What impact is the changing financial climate having on their projections for the future? To be honest, inflation and cost of living have not had much impact on our high net-worth clients or their projection of spending in the future, however […]
When You Should Make the First Offer One of the most common questions I get as an executive compensation lawyer is if—and when—a client should make the first offer. Should you wait to hear what the other party has to say? How will the first offer impact the negotiation process overall? Often we are told […]
