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In Focus
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In Memoriam - Bob BlochWith great sadness, we mourn the passing of our longtime Washington DC partner Bob Bloch.
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Hong Kong Employer Found Liable for Workplace Pregnancy DiscriminationIn the recent case of 周露娜 v. 中旅货运物流中心有限公司 [2023] HKDC 1115, the Court found that a logistics company had unlawfully discriminated against a former employee who headed its logistics business unit and sales and marketing unit on the ground of her pregnancy by refusing to renew her employment contract and pay her a year-end bonus.
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Collateralized Fund Obligations: A Growing CDO/CLO and Fund Finance Liquidity SolutionFor the past several years, collateralized fund obligations ("CFOs") have been quietly gaining traction while keeping a relatively low profile—until recently. With their enhanced flexibility, available credit ratings, and customizable terms, CFOs have become increasingly attractive to investors, funds, and portfolio companies as a structured alternative investment vehicle allowing a specific risk/reward choice for the related underlying fund exposures.
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September 2023
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September 262023
Two new bills have been passed in California as part of a “Climate Accountability Package” that require US-based companies “doing business” in California to make disclosures about their emissions and climate-related financial risks. These are (a) the Climate Corporate Data Accountability Act (California Senate Bill 253 (SB-253)) and (b) the Climate-Related Financial Risk Act (California Senate Bill 261 (SB-261)). The laws remain subject to approval by the California Governor (who has until October 14, 2023, to sign or veto them).
To assist companies in preparing for these new climate-related disclosure requirements, we have provided a summary of some of the key requirements below.
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September 262023Europe Daily News, the latest policy and legal developments in the European Union