Corporate Law Update – Macfarlanes

FRC consults on proposed changes to the UK Corporate Governance Code The Financial Reporting Council (FRC) is consulting on changes to its UK Corporate Governance Code which, if implemented, would take effect for financial years beginning on or after 1 January 2025. The main purposes of the changes are to implement the recommendations of the UK Government’s 2021 white paper on restoring trust in governance and audit and to improve the quality of narrative reporting. You can read more about the consultation in our separate in-depth piece. In summary, the key proposed changes to the Code include the following. A…

TikTok content creators file lawsuit against Montana over first-in-nation law banning app

Helena, Mont. – Five TikTok content creators have filed a lawsuit seeking to overturn Montana’s first-in-the-nation ban on the video sharing app, arguing the law is an unconstitutional violation of free speech rights. The Montana residents also argued in the complaint, filed in federal court late Wednesday without public notice, that the state doesn’t have any authority over matters of national security. Republican Gov. Greg Gianforte signed the bill into law Wednesday and said it would protect Montana residents’ private data and personal information from being harvested by the Chinese government. The ban is scheduled to take effect on Jan.…

Justice Ketanji Brown Jackson tells law students ‘Survivor’ offers helpful lessons

Jackson, the court’s first Black female justice, is coming to the end of her first term on the court. The justices are done hearing arguments for the term and are expected to issue all their remaining opinions by the end of June before going on summer break. Major decisions on affirmative action and President Joe Biden’s student loan forgiveness plan have yet to be announced. In her address, Jackson described “Survivor,” in which contestants are deposited in a remote tropical location and undertake challenges in the hopes of ultimately winning $1 million, as “great fun to watch.” But she also…

Children 12 and under don’t have to wear a life-jacket in Ontario, but a new law would change that

Children ages 12 and under aren’t required by law to wear a life-jacket when they’re in a boat in Ontario. But that could change thanks to a new bill. Carleton MPP Goldie Ghamari has introduced a private member’s bill, called Joshua’s Law, that would make it mandatory for children ages 12 and under to wear a life-jacket or personal flotation device while on a boat in Ontario waters. Bill 93 takes its name from Joshua Steinberg, who was 11 when he died in a boating accident in 2018. He was not wearing his life jacket at the time. Since then,…

Top law firms invest in content marketing “which does not work”

Emails: Only some firms send regular updates A “significant proportion” of large law firms are investing in content or ‘inbound’ marketing schemes that “simply don’t work as they should” and could even damage their reputation, a report has been found. Researchers said a “staggering” 19% of the top 100 law firms let people sign up for legal updates – often with quite complex preference forms – only to never actually send any. Marketing consultancy Thought Spark said it was essential for law firms to develop inbound strategies to “engage and retain potential clients”, leveraging platforms and data to build a…

New California gas price law is another defeat for the oil industry

SACRAMENTO, Calif. – It was just a few weeks ago that California Gov. Gavin Newsom called the oil industry the second most powerful force on earth, trailing only Mother Nature in its ability to bend the elements — both physical and political — to its will. Yet on Tuesday, Newsom signed a new law that gave state regulators the power to penalize oil companies for making too much money, the first of its kind in the country. It’s the type of legislation the oil industry might have crushed in the past. But on Monday, the bill cleared the state Assembly…

Serial Subject Adnan Syed’s Murder Conviction Reinstated

An update has been made in Adnan Syed‘s legal journey. Syed, the subject of the true crime podcast Serialhas had his murder conviction for the 1999 killing of Hae Min Lee reinstated by a Maryland’s appeals court, per NBC News. The decision comes as a result of a procedural problem, according to the outlet. After Syed was asked to be released from prison in September, Lee’s family filed a notice of appeal that same month that his conviction be reinstated as they were not given sufficient notice of the Sept. 19 hearing that led to his eventual release. On March…

Torys, Denton lawyers defect to Mintz Levin as US law giant invades Bay Street

Pictured left to right: Lee Johnson, Mitch Frazer, Cheryl Reicin, Eric Foster, Michael Akkawi. Boston-based Mintz Levin, Cohn, Ferris, Glovsky and Popeo is establishing a Toronto office with three partners who are leaving Torys LLP’s Toronto office.Matthew Bennett A giant US law firm is making a splash on Bay Street, poaching five high-profile partners from three firms to establish a Canadian foothold. Boston-based Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC will stock a new Toronto office with three partners who are leaving Torys LLP – Michael Akkawi, Mitch Frazer and Cheryl Reicin – as well as Dentons Canada LLP…