January 10, 2024
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Technology companies are grappling with unprecedented changes that promise to accelerate exponentially in the challenging period ahead. We invite you to join Covington experts and invited presenters from around the world to explore the key issues faced by businesses developing or deploying cutting-edge technologies. These highly concentrated sessions are packed with immediately actionable advice. Each…
Over the last few weeks, hopes have been rising that a way could be found out of the political deadlock that has paralysed the N Ireland Assembly over the last two years. Those hopes were cruelly dashed on 18 December, but the fact that the discussions had reached such an advanced stage gives hope that…
On December 14, 2023, the U.S. Congress passed the National Defense Authorization Act for FY 2024 (NDAA), authorizing $886 billion in defense spending. Amid its numerous provisions, there is the concept of the “national technology and industrial base,” which now includes the United States, Canada, the United Kingdom, Australia, and New Zealand and could potentially…
On December 12, the U.S. House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party (the “Select Committee”) adopted a broad set of policy recommendations intended to reduce the United States’ economic and technological ties with China across a broad swath of the economy.
The Select Committee passed the…
Latin America
The Brazilian National Congress approved a historic tax reform that revamps the existing consumption tax system, in place since the 1960s. The reform generally simplifies the Brazilian tax system, reducing the compliance cost for business. However, it also creates a new tax on certain goods and services.
The reform takes…
In the early hours of December 14, 2023, the Council of the EU (“Council”) and the European Parliament (“Parliament”) reached a provisional political agreement on the Corporate Sustainability Due Diligence Directive (“CSDDD”). Described as a “historic breakthrough” by Lara Wolters, who has led this file for the Parliament, the CSDDD will require many companies in…
From as soon as 1 January 2024, the UK Government is implementing a wide range of new employment law that will affect organizations with UK operations. Below is a handy table summarizing key changes and start dates.
Some critical issues for employers include: (i) stronger workplace protections against sexual harassment; (ii) increased employee flexible working…
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Recently, a bipartisan group of U.S. senators introduced new legislation to address transparency and accountability for artificial intelligence (AI) systems, including those deployed for certain “critical impact” use cases. While many other targeted, bipartisan AI bills have been introduced in both chambers of Congress, this bill appears to be one of the first to propose…
