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On April 4, 2022, the Department of Justice (“DOJ”) Antitrust Division (the “Division”) announced important policy and practice changes to its leniency program (the “Leniency Program”) — the first substantive changes to the Antitrust Division Leniency Policy and Procedures (the “Policy”) since its inception in 1993.
V&E Antitrust Update
On January 1, 2023, absent intervention from the California legislature, the nation’s first comprehensive data privacy law, the California Consumer Privacy Act (“CCPA”) as amended by the California Privacy Rights Act (“CPRA”), will not only regulate consumer data but will also regulate previously exempt human resources data as well.
Speaking at the Munich Cyber Security Conference on February 17, 2022, Deputy Attorney General Lisa O. Monaco announced that the U.S. Department of Justice (“DOJ”) plans to prioritize “cyber disruption,” foster international partnerships, and increase its investigative and deterrent capabilities to bolster its crypto-enforcement arsenal and to combat cyber threats.
Update: The UCPA was signed into law by Governor Spencer J. Cox without amendment on March 24, 2022.
V&E Cybersecurity Update
This week, Financier Worldwide Magazine released their 2022 Sanction Compliance and Enforcement RoundTable report in their March issue. David Johnson, who leads V&E’s Government Contracts, and Export Controls and Economic Sanctions practices, contributed as a panelist in the conversation, which highlights the most pressing sanctions-related issues and enforcement activity in international trade in the past year.
Published in Financier Worldwide
For over a century, the National Collegiate Athletic Association (“NCAA”) barred student-athletes from monetizing their name, image, and likeness (“NIL”).
On December 21, 2021, the U.S. Department of Justice (“DOJ”) announced a resolution of its criminal investigations into NatWest Markets Plc (“NatWest”), a global banking and financial services firm based in the United Kingdom.
On December 8, 2021, President Biden signed Executive Order 14057, Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability (“EO 14057”). Below we summarize EO 14057 and call out what matters for business, and what to watch for. EO 14057 makes clear that the federal government intends to use its purchasing power to achieve the overall goal of net-zero emissions by 2050.
On October 5, 2021, the Bureau of Industry and Security (“BIS”) issued a final rule formally expanding its controls over the export of biotechnology software.
Originally Published June 29, 2021
As a strong signal that it intends to increase its focus on illicit crypto transactions, the Department of Justice (“DOJ”) announced the creation of an enforcement team, the National Cryptocurrency Enforcement Team (“NCET”), on October 6, 2021.
On October 13, 2021, the American Bar Association’s Section of Public Contract Law held its annual public procurement symposium to discuss important issues related to federal, state, and local government contracting.