Baker & Hostetler LLP

BakerHostetler was founded in 1916, when our three founding partners each deposited $500 into a firm account. Today, we have more than 900 partners and associates contributing to the success of our clients. The values they share are the same ideals on which our firm was founded: love and respect for the law, respect for each other, and the courage to make hard decisions on the basis of what they know to be right.

In this issue: • The Blockchain Effect: NASA, IoT, Supply Chain and State InitiativesBlockchain Announcements From Traditional Financial Institutions and Emerging PlatformsCryptocurrency Exchanges and Payment Providers Announce New ProductsCryptocurrency Exchange Hacked, Crypto-Malware and Wallet Vulnerabilities ExposedInternational Regulators Target Cryptocurrency Exchanges, ICOs and Tax ComplianceTax Analysis: Crypto Thefts; Market Declines – Strategies to Manage Losses The Blockchain Effect: NASA, IoT, Supply Chain and State Initiatives By:…
Last week, the attorneys general (AGs) of 43 states and the District of Columbia announced they reached a $1.5 million settlement with Neiman Marcus Group LLC to resolve an investigation of a 2013 data breach that involved the payment card information of thousands of customers. On Jan. 10, 2014, Neiman Marcus publicly announced that it had experienced a security incident involving its payment processing system that may have resulted in unauthorized access to the payment…
The U.S. Supreme Court’s decision in New Prime v. Oliveira, No. 17-340 (Jan. 15, 2019), has added uncertainty to arbitration agreements in the transportation industry by holding that the Federal Arbitration Act (FAA) § 1 exception covers both employees and independent contractors of a trucking company. In a unanimous opinion written by Justice Neil Gorsuch, the Court found that the 1925 vintage language of § 1 of the FAA excluding “contracts of employment of…
Following other regulators, the National Futures Association (NFA) recently amended its cybersecurity guidance to, among other things, impose a new cybersecurity incident reporting requirement on members. Cybersecurity Incident Reporting. According to the amended guidance, members will be required to report to NFA any cybersecurity incident related to the member’s commodity interest business that resulted in (i) any loss of customer or counterparty funds, (ii) any loss of a member’s own capital, or (iii) the member…
While the inauguration of a polarizing new president dominated the news of Brazil around the beginning of the new year, outgoing President Michel Temer, before leaving office, issued an executive order that has important ramifications for Brazil’s recently enacted General Data Protection Regulation (Lei Geral de Proteção de Dados or LGPD). Provisional Measure No. 869/2018 (MP 869/2018), published Dec. 28, 2018, takes the vitally important step of creating Brazil’s National Data Protection Authority (ANPD), tasked…
As we noted in our Dec. 19, 2018, blog article, there were three arbitration cases involving the Federal Arbitration Act (FAA), all argued in October 2018, pending on the Court’s docket. Now, in a unanimous opinion written by Justice Brett Kavanaugh, Henry Schein, Inc. v. Archer & White Sales, Inc., No. 17-1272 (Jan. 8, 2019), has been decided. And as we sensed based on the oral argument, there was not much sympathy for…
On Jan. 1, 2019, a new Vermont law intended to protect consumers by imposing new requirements on “data brokers,” companies that aggregate and sell consumer information, and credit reporting agencies took effect. Under the new law, data brokers must comply with registration, information security safeguards and reporting requirements, while credit reporting agencies are prohibited from assessing fees for establishing or removing security freezes. The Vermont legislature’s intent in enacting the new law is fourfold: (1)…
The California Attorney General and the Department of Justice held the first public forum about the California Consumer Privacy Act (CCPA) on Tuesday, Jan. 8, in San Francisco. The public forums are part of the rulemaking process the attorney general’s office is undertaking pursuant to Section 1798.185 of the CCPA, which requires the attorney general to “solicit broad public participation and adopt regulations to further the purposes” of the CCPA. These forums are an opportunity…
Below is the Federal Policy team’s weekly preview, published each week when Congress is in session. HEADLINES • The week begins with federal offices closed after a weekend snowstorm blanketed the Washington area with nearly a foot of snow; meanwhile, the partial government shutdown is now the longest in the nation’s history. • The House plans to take up legislation funding disaster relief and will also continue passing individual appropriations bills for agencies whose funding…
Below is this week’s “Capitol Hill Healthcare Update,” which is posted on Mondays when Congress is in session. Highlights this week: Nearly 7,000 FDA employees are furloughed amid the ongoing government shutdown; lawmakers introduce a slew of anti-pharma bills; 18 new Democrats land plum spots on key healthcare committees; and more.…