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The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.

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Articles

Hong Kong Competition Commission publishes Advisory Bulletin on employers’ joint negotiations with employee bodies

By Machiuanna Chu, Partner and Sharon Pang, Principal Economist - Competition, Deacons

On August 29, 2022, the Hong Kong Competition Commission (“HKCC”) published an Advisory Bulletin regarding the sharing of competitively sensitive information on employees’ employment conditions (such as future wages) among employers in the context of “joint negotiations” (“Joint Negotiation Advisory Bulletin”). In the Joint Negotiation Advisory Bulletin the HKCC outlines a set of guidance on the circumstances under which the exchange of information on employment conditions among employers may be justified in the context of joint negotiations.

Articles

China’s Delegated Review of Certain Merger Control Filings

By Cunzhen Huang and Yiming Sun, Cleary Gottlieb Steen & Hamilton LLP

On July 15, 2022, China’s antitrust authority SAMR announced a three-year pilot program beginning August 1, 2022 to delegate the review of certain simplified-procedure merger filings that the agency currently handles on its own, to five of its local branches (“AMRs”) in Beijing, Shanghai, Guangdong, Chongqing, and Shaanxi. Each of the five local AMRs will be responsible for a specific geographic area (“Territory”) within China. This article discusses this first step to implement China’s “categorized and classified” merger control review regime under the new Anti-Monopoly Law.

Articles

UCC Digital Asset Amendments Finalized

By Sandra Rocks, Penelope Christophorou, and Brandon Hammer, Cleary Gottlieb Steen & Hamilton LLP

In July 2022, the sponsors of the Uniform Commercial Code (“UCC”) approved wide-ranging amendments to the UCC (“2022 UCC Amendments”) to provide workable rules for emerging technologies, such as distributed ledger technology and virtual currency. If adopted by individual state legislatures, these amendments should provide greater certainty regarding the rules governing security interests, competing claims, custodial risks, and other issues associated with digital assets. This article provides a high level summary of selected aspects of the 2022 UCC Amendments that may be of particular interest to financial market participants.

Articles

Amended ICSID Arbitration Rules Enter Into Force

By Christopher Moore, Ari MacKinnon, and Laurie Achtouk Spivak, Cleary Gottlieb Steen & Hamilton LLP

On July 1, 2022, the amendments to the Regulations and Rules of the International Centre for Settlement of Investment Disputes (“ICSID”) entered into force. This article summarizes and comments on the key changes. The 2022 ICSID Arbitration Rules apply to ICSID arbitrations commenced on or after July 1, 2022.

Articles
Checklists

Quick Guide to Data Breach Response

By Exterro, Inc.

Read this article from Exterro to verify that your breach response solution can help you automatically respond to incidents by using the checklists included.

Articles

Filling In Your Blind Spots: Implementing a Successful Data Retention Program

By Sheryl Falk , Partner, Chris Costello, Senior E-Discovery Attorney, Winston & Strawn, & Amy Olivares, Manager, Corporate Governance & Compliance, Blount International

Data risk was once thought of as a technical challenge. However, the onslaught of data breach and data privacy legislation, and subsequent litigation have changed this outlook. There is one activity that everyone is aware of which, if well-executed, can lower technical, legal, and privacy risks and increase compliance: a data retention/deletion program. Check out this whitepaper from Exterro to learn more about data retention programs.

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