Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates

This mailing details the periodic reporting requirements under Illinois, Maryland, New Jersey, Pennsylvania, Philadelphia and Rhode Island laws for certain companies to file reports regarding their business relationships with and political contributions in these jurisdictions. Ki Hong | Charlie Ricciardelli | Tyler Rosen | Melissa (Levine) Miles | Teddy Grodek | Kirin Gupta | Lucy Kalar | Pavla Ovtchinnikova | Alexa Santry #politicallaw #compliance #pacs

Emerging from the FTC’s recent decision to set aside the Rytr Order, the agency has staked out a dual approach to regulation of AI: Reduced and in some cases revoked enforcement related to the actual capabilities of AI products — even in cases where the AI could potentially be used to trick consumers — but continued enforcement related to false statements companies make about the capabilities of their AI products. Partner Margaret Krawiec, counsel Todd Kelly and associate Chelsea Cooper discuss how this evolving enforcement landscape signals that, though the enforcement path may be narrower, the commission does not intend to ignore AI companies and products in their entirety. #artificialintelligence #litigation #regulatory #enforcement

FDA has relaxed its enforcement posture on some “no artificial colors” claims for foods that do not contain certain petroleum-based dyes. It does not provide a safe harbor from state regulation or private litigation. Rachel Turow | Avia Dunn #litigation #regulatory #fda

New final guidance from the Financial Conduct Authority addresses serious non-financial misconduct. It extends parts of the FCA Code of Conduct to non-bank financial firms and clarifies expectations for fitness and propriety. It is part of the authority’s long-term goal of bringing firm culture within the authority’s purview. Sebastian Barling | Olorunseun Braimoh | Wilf Odgers #capitalmarkets #corporategovernance #financialinstitutions #regulatory #investmentmanagement

The U.S. capital-raising landscape shifted in meaningful ways last year, with the federal government moving beyond its traditional role as a grant-maker and deploying capital directly through equity investments, loans and commercial arrangements in sectors deemed strategically critical. Partner Michelle Gasaway and associate Blake Bainou discuss how attorneys can navigate hybrid capital structures, evolving regulatory considerations and the alignment of financing terms with long-term business and strategic objectives. #regulatory #financings #capitalmarkets #ipos

UK financial sanctions enforcement procedures will be changed to provide additional certainty and transparency. In addition, under the revised policies, base penalties may be discounted by up to 70% if companies meet certain criteria. However, the maximum statutory penalty will rise if parliament approves. Ryan Junck | Jonathan Benson | Jason Williamson | Jack Zaher | Deepali Shirkay https://lnkd.in/gM2MtgSj #sanctions #enforcement #europe #internationaltrade

Skadden is pleased to announce that Samuel Pape has joined the firm’s International Litigation and Arbitration Group in London as partner. Samuel has a well-established track record as a strategic adviser and advocate in commercial and investor-state arbitrations, and frequently works on global disputes involving Francophone jurisdictions and Latin America.   Read more: https://lnkd.in/gmTMT_GA #arbitration #litigation #london

Please join us in welcoming Sophie Lamb KC as a partner in Skadden’s International Litigation and Arbitration Group in London. Sophie brings more than 25 years of experience litigating before international tribunals and courts and is renowned for her powerful advocacy in “bet-the-company” arbitrations and complex litigation. Read more: https://lnkd.in/gkF2NKkm #arbitration #litigation #london

Prosecutors in the Southern District of New York announced changes to their policy encouraging voluntary self-disclosure of violations. Conditional letters of declination will now be provided early on, and companies can be credited with self-disclosure even if the information they provide is known to the government, provided the company believed it was not known. Andrea Griswold | Mary Kavaloski #investigations #compliance #financialinstitutions #litigation #securities

The Delaware Supreme Court has held that an equity agreement will not be rendered unenforceable under Delaware law simply because the company enforces an automatic forfeiture provision. Faiz Ahmad | Art Bookout | Steve Daniels | Joseph Larkin | Edward Micheletti | Jenness Parker | Rick West #delawarelaw #corporategovernance #executivecompensation #litigation