On June 19, 2025, the New York State Fashion Workers Act (the “Act”) goes into effect, triggering numerous changes to the current employment structure for models in New York. The Act,[1] which Governor Hochul signed into law in December 2024, amends New York’s Labor Law to establish new responsibilities and penalties for agencies in
In recent years, non-bank lending to private equity-owned, small- and middle-market companies has increased significantly. Within this growing sector, private and non-traded BDCs have outperformed other non-bank lenders in many respects. Private and non-traded BDCs have demonstrated notable advantages in terms of portfolio return and quality and investor alignment, and they often benefit from less
On June 12, 2025 the Securities and Exchange Commission (“SEC”) formally withdrew fourteen outstanding rule proposals issued by the prior administration. Although most observers doubted that the current Commission would adopt these proposals, the SEC’s action confirms that any future rulemaking on these topics must start anew with a new proposal and a fresh opportunity
The Trump administration‘s antitrust landscape continues to evolve, with a return to structural remedies, increased transparency in merger settlements, and skepticism toward innovation defenses in tech deals. The US Department of Justice (DOJ) and Federal Trade Commission (FTC) are also actively promoting faster merger reviews and emphasizing strong divestiture standards. Read more here.
China Trademarks: The Goldilocks Principle of When to Register
When it comes to China trademark registration, timing is everything. File too late, and someone else might beat you to your own brand. File too early, and you risk losing your trademark for non-use. Like Goldilocks, you need to get it just right.
The Cautious Client:
On May 29, 2025, the First Department issued a decision in Martin v. William & Cindy Abrams Family Trust, 2025 NY Slip Op. 03253, holding that an agreement did not provide for the forfeiture of an ownership interest in a corporation because it did not clearly provide for it, explaining:
Supreme Court properly found
The Securities and Exchange Commission (SEC) formally withdrew the following proposed Gensler era rulemakings:
Pre-answer motions to dismiss for untimeliness are exceptionally common in business divorce litigation. Statute of limitations analysis can be deceptively simple in theory, but elusively difficult in practice, even for veteran judges. Identifying the applicable statute of limitations is just one of three steps a court must perform as part of its decision making process:
It should come as no surprise that the current Securities and Exchange Commission under Chair Atkins would retreat from the rule-making of the SEC under Chair Gensler. We’ve seen it with the rapid retreat on crypto. Last week the SEC formally withdrew 14 proposed rule-makings.
Happy to see the Safeguarding Advisory Client Assets proposal
Unfortunately, writing an NNN Agreement after your manufacturer has copied your products is the equivalent of shutting the barn door after all the cows have left. I cannot help be candid here: your factory is demonstrating unethical business practices. And while I wish a piece of paper could magically transform such behavior, the reality is
