MCIA forms new 25-member Council of global practitioners
The Mumbai Centre for International Arbitration (MCIA) Council is responsible for the implementation of the MCIA Rules.
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Information about Foreign Legislation and notifications
Monetary Authority of Singapore introduces new Regulations under Securities and Futures Act for Corporate Governance of approved entities
The Regulations define components relevant to the corporate governance regulation of Approved Exchanges, Clearing Houses, Licensed Trade Repositories, and Holding Companies considering security futures.
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Competition Commission of South Africa revises its Public Interest Guidelines relating to merger control
Guided by the Competition Amendment Act, 2018, the revised Guidelines present the general methodology the Commission will follow in assessing Public Interest issues in merger analyses.
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FTC issues final rule banning non-competes across the US; Finds them to be violative of S.5 of the FTC Act
The Commission determined that it is an unfair method of competition, for employers to enter into non-competes with workers and therefore a violation of Section 5 of the FTC Act.
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US Department of Labor finalises rule to revise compensation thresholds for overtime eligibility
The Rule updates the present annual salary threshold from $35,568 to $58,656 by 01 January 2025
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Central Bank of UAE launches ‘Sanadak’, UAE’s first Financial & Insurance Ombudsman
Sanadak is the first Ombudsman Unit both in the UAE and the MENA region, catering to consumers of Financial Institutions and Licensed Insurance Companies.
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EU adopts Artificial Intelligence Act which lays down harmonised rules to regulate AI
In a pioneering step, the European Parliament on 13-03-2024, adopted 459-pages long Regulation drafted to ensure safety, compliance with fundamental rights and boost innovation.
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Right to Abortion | French Senate votes in favour of enshrining Freedom of Women to Voluntarily Terminate Pregnancy in the French Constitution
The aim to enshrine the right to abortion in the French Constitution which gained impetus after SCOTUS overruled Roe v. Wade in 2022 was finally fulfilled with 780 MPs favouring the inclusion.
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EU passes proposal to Regulate Artificial Intelligence
The Member of European Parliament adopted the EU’s AI Act with 499 votes in favour.
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Texas Senate Bill- 1070 introducing a Private Sector Data System to identify voters, passed by the House of Representatives
The House of Representatives for the State of Texas on 23-05-2023 passed SB-1070 amending Section 18.062 of the Election Code. Under new
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NYC adopts Final Regulations on Use of AI in Hiring and Promotion
The New York City Department of Consumer and Worker Protection (DCWP) adopted its Final Rule to implement Local Law 144, which regulates
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Michigan Repeals Right to Work Law
On 24-03-2023, Michigan Governor Gretchen Whitmer signed the Bill for repealing the law on “right to work” which allowed workers to opt
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U.S. Copyright Office Issues Guidelines for AI- Generated Work
On 16-03-2023, the Copyright office (office) has issued the guidelines for Copyright Registration for AI Generated Material to elucidate its practices for
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Switzerland adopts Ordinance on Climate Disclosures
Switzerland has adopted an Ordinance on Climate Disclosures. The Ordinance governs disclosures on climate issues by companies in accordance with Article 964a
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South Africa declares crypto as financial product vide Financial Advisory and Intermediary Services Act, 2022
On 19-10-2022, the Financial Sector Conduct Authority has declared crypto asset as a financial product under paragraph (h) of the definition of
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US- California | Governor signs law of mandatory bereavement leave
On 29-09-2022, Governor Newsom signed AB 1949, which creates protected bereavement leave under the California Family Rights Act (CFRA). As
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US- Minnesota legalises usage of Edible cannabinoid products
The Governor of Minnesota has assented to the bill based on sale of certain Cannabinoid Products under Section 151.72., making it a
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US President signs Inflation Reduction Act, 2022
On 16th August, 2022, the Inflation Reduction Act, 2022 was signed by the President of USA. The Act includes law over climate,
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US-Colorado| Wage Theft Bill receives Governor’s assent
The Colorado’s Governor gives assent to the Wage Theft Bill thereby making it a law On 9th June, 2022 Colorado’s Governor signed
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Governor of Massachusetts signs the Crown Act and makes hair discrimination illegal
Governor of Massachusetts approves the Crown Act CROWN ACT which stands for Creating a Respectful and Open World for Natural
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