On August 6, 2026, the IRS released Fact Sheet FS-2026-13, substantially revising and replacing FS-2026-01, its January 2026 guidance on the new deduction for qualified overtime compensation enacted by the One Big Beautiful Bill Act (OBBBA). The revised
Baker McKenzie
Baker McKenzie, founded as Baker & McKenzie in 1949, is a multinational law firm. As of August 2018, it is ranked as the second-largest international law firm in the world by headcount with 13,000 employees including 6,076 fee earners and 4,700 lawyers on a full-time equivalent basis in 78 offices across 46 countries. It is the largest law firm in the United States by headcount.
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https://www.bakermckenzie.com/en
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Thought for the week: What Joy Bubbles can teach us about AI career development
This article was originally published by IAPP linked here.
What a pioneer “phone phreak” can teach today’s professionals about creativity, adaptation and finding their superpower.
To begin your week, I recommend listening to the “Click Here” podcast…
UK Government accelerates DMCCA subscription reforms to January 2027
The UK Government has announced that the new subscription contract regime under the Digital Markets, Competition and Consumers Act 2024 (“DMCCA”) will now come into force in January 2027, bringing forward the previously anticipated spring 2027 implementation date.
As noted…
Multiple Governments Issue Joint Alert on North Korean IT Workers
On July 31, 2026, authorities from the United States, Japan, the Republic of Korea, Australia, Canada, France, Germany, Italy, the Netherlands, New Zealand, and the United Kingdom issued a joint alert warning countries, companies, and other entities about the threat…
US: FCC Adds Inverters and Robotics to Covered List
In brief
On July 28, 2026, the Federal Communications Commission (FCC or “Commission”) added foreign-produced power inverters and advanced robotic devices to the Covered List. This placement bars new foreign-produced models from obtaining the equipment authorization required for lawful…
Brazil: ANPD regulates Digital ECA transparency reports
First transparency report due by September 17 ANPD establishes minimum content and a deadline for September 17 for the first Digital ECA transparency report.
In brief
On August 11, 2026, the Brazilian Data Protection Agency (ANPD) issued Decision Order CD/ANPD…
BIS Restricts Exports of Black Mass and Tungsten Waste and Scrap without a License
On August 6, 2026, the US Department of Commerce’s Bureau of Industry and Security (“BIS”) published a temporary final rule (the “Rule“) that restricts exports of black mass and tungsten waste and scrap without a license. Beginning August 27, 2026,…
The GENIUS Act’s Vanishing Compliance Window: Will Stablecoin Issuers Have Enough Time to Prepare?
Baker McKenzie Partner David Zaslowsky recently published an article in Law360 titled, “Tips for Issuers Left in Lurch Without GENIUS Act Final Rules.” The piece examines how delays in enacting the final regulations for the GENIUS Act could leave stablecoin…
United Kingdom: Government publishes the Fifth Annual Report on the UK’s Foreign Investment Review Regime
The publication of the Fifth Annual Report takes place against the backdrop of new reforms expected to be made to the UK’s foreign investment review regime in order to reduce regulatory burdens whilst also adapting to new national security concerns.…
Litigating Online Harms: Content, Courts and Corporate Responsibility
By Sarah West
At London International Disputes Week 2026, Baker McKenzie and 11KBW hosted a panel on “Litigating Online Harms: Content, Courts and Corporate Responsibility”, featuring Sarah West (Baker McKenzie), Anya Proops KC (11KBW), Raphael Hogarth (11KBW), and Telha Arshad (Google). Three years…