The decision to create a Minister for Artificial Intelligence sends an unmistakable signal that the Carney government recognizes the need to prioritize AI as a core part of its economic strategy. My Globe and Mail op-ed notes that while few doubt
ABA Proposes to Increase the Number of Required Experiential Learning Credits
The ABA Section of Legal Education and Admissions to the Bar has proposed to increase the number of required experiential learning credits from 6 to 12. (here) All written comments should be addressed to David A. Brennen, Council Chair, and…
How Corporate Law Can Protect Companies and Shareholders from Politically Motivated Directors
In a new article, I examine the history of the Walt Disney Company as a case study of what I perceive to be a gap in the law of fiduciary duties of corporate directors and executives. Based on publicly available
Covington & Burling Discusses Three Political Law Landmines for Hedge Funds, Private Equity Funds, and Investment Firms
Last year, an asset manager with offices in New York, Texas, and Vermont was publicly censured by the Securities and Exchange Commission and ordered to pay a substantial fine. Its offense? The asset manager hired an individual who had previously
Sullivan & Cromwell Discusses Executive Order Limiting Criminal Enforcement of Civil Regulations
On May 9, 2025, President Trump issued an Executive Order that purports to reduce regulatory burdens and ensure that “no American is transformed into a criminal for violating a regulation they have no reason to know exists.” The Executive Order
How the EU Sustainability Mandate’s Impact on U.S. Companies Is Evolving
In a recent paper, we examine how the EU Corporate Sustainability Due Diligence Directive (CS3D) could reshape the behavior of American corporations. The CS3D holds large corporations legally accountable for how they protect human rights and the environment throughout
Alternative Business Structures in the U.S.: What We Know and What We Still Need to Learn
As we approach the five-year mark of alternative business structures—legal service entities that allow people who are not lawyers to have an ownership or decision-making interest in the company—in the United States, over 100 entities have launched in Arizona and
Law Schools Need to Teach Rule Synthesis!!!
Ever since I heard James Stratman declare at an ALWD conference that most law students have weak rule synthesis skills, I have wondered whether this weakness is a major reason that some law students struggle in law school and in…
Shadow SEC: The PCAOB Should Be Carefully Reviewed, Not Hastily Abolished
We write in opposition to the hasty and opaque efforts underway to abolish the Public Company Accounting Oversight Board (PCAOB), the nonprofit organization that oversees audits of public companies and SEC-registered brokers and dealers in the United States, currently overseen
Davis Polk Discusses OCC Bank Merger Policy: What’s Old Is New Again
The OCC has reversed recent changes to its bank merger policies through an interim final rule. Our client update is a refresher on the new state of play for Bank Merger Act applications to the OCC, which is a return