As of January 1, 2024, the Corporate Transparency Act (CTA) is effective, impacting millions of entities. On September 30, 2022, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a final rule to implement the beneficial ownership
Steptoe & Johnson LLP
In more than 100 years of practice, Steptoe has earned an international reputation for vigorous representation of clients before governmental agencies, successful advocacy in litigation and arbitration, and creative and practical advice in structuring business transactions. Steptoe has more than 500 lawyers and other professional staff across offices in Beijing, Brussels, Chicago, London, Los Angeles, New York, San Francisco, and Washington. For more information, visit www.steptoe.com.
Latest from Steptoe & Johnson LLP - Page 3
The FTC Updates Size of Transaction Thresholds and Filing Fees for Premerger Notification Filings for 2024
The Federal Trade Commission (“FTC”) has announced updated size-of-transaction thresholds for premerger notification (Hart-Scott-Rodino or “HSR”) filings, as well as updates to the HSR filing fees and transaction value categories. Separately, the FTC has also updated the de minimis thresholds…
New York Enacts Prohibition Against Employers Collecting Employee Communications from Personal Accounts
Amid the reporting of the newest round of settlements by broker-dealers and financial advisers in late September for employee engagement in off-line business communications, last month also saw New York Governor Kathy Hochul sign legislation (A.836) prohibiting employers from requesting…
What Does the BTC ETP Approval Mean for the SEC’s Regulatory Approach to Crypto? Five Observations on the Immediate, Near Term, and Post-2024 Impact
On January 10, 2024, the Securities and Exchange Commission (“SEC” or the “Commission”) approved the listing and trading of eleven spot bitcoin exchange traded products (“ETPs”). [1] The Commission declared effective the registration statements for ten of the ETPs on…
The Top Ten Asia-Pacific FCPA Enforcement Actions of 2023
Please check out our most recent publication in our International Compliance Blog.
The Top Ten Asia-Pacific FCPA Enforcement Actions of 2023
Enforcement of the Foreign Corrupt Practices Act (FCPA) in 2023 has been described as a lull, a continued downward trend, or a slump, but that may be “bullsh*t,” to quote an FCPA academic. However they are described, the 2023 FCPA…
New Secondary Sanctions Target Non-US Banks That Engage in Transactions with Russia’s Military-Industrial Base
On December 22, 2023, President Biden issued a new Executive Order (“EO”) 14114 “Taking Additional Steps With Respect to the Russian Federation’s Harmful Activities” which amended EOs 14024 and 14068. These amendments introduce the authority to impose secondary sanctions with…
UK’s Department for Business & Trade Issues New General Trade Licence for Third-Country Processed Iron and Steel Measures
On December 11, 2023, the UK’s Department for Business & Trade (“DBT”) published a General Trade Licence of indefinite duration concerning measures related to third-country processed iron and steel, pursuant to The Russia (Sanctions) (EU Exit) Regulations 2019 (the “Russia…
DOJ and FTC Finalize Merger Guidelines
On December 18, 2023, the DOJ and FTC jointly released the final 2023 Merger Guidelines that describe how the agencies will evaluate proposed merger and acquisition transactions. Despite significant editing, and calls from industry to moderate the guidelines, the agencies…
UK Issues New Package of Russia Financial and Trade Sanctions
On December 14, 2023, the UK government issued new Russia sanctions legislation under The Russia (Sanctions) (EU Exit) (Amendment) (No.4) Regulations 2023 (“Amendment No. 4”) and The Russia (Sanctions) (EU Exit) (Amendment) (No.5) Regulations 2023 (“Amendment No. 5”). The new…