On July 24th, through its Office of Technology Blog, the Federal Trade Commission (FTC), reiterated its hardline stance that hashing does not meet its criteria for anonymization.
Continue readingFTC Reaffirms Strict Standards for Data Anonymization
New York Enacts the SAFE for Kids Act
The SAFE for Kids Act imposes new responsibilities on “covered operators”, defined as parties who operate or provide an “addictive social media platform.”
Continue readingNew York Enacts the New York Child Data Protection Act (NYCDPA)
This bill is a key step in protecting minors’ data, enforcing strict restrictions and consent requirements on businesses collecting their personal information.
Continue readingNavegando el cumplimiento en EE. UU. para gestores latinos
Los gestores latinos deben entender las regulaciones de EE. UU. para atraer inversores. Los errores pueden tener graves consecuencias legales o incluso penales.
Continue readingNavigating U.S. Compliance for Latin American Fund Managers
For Latin American fund managers targeting U.S.-based investors, understanding the intricacies of the United States regulatory environment is crucial. Mistakes can literally have legal, and even possibly criminal, consequences.
Continue readingCalifornia moves closer to regulations on automated decision making technology
In recent months, the California Privacy Protection Agency (“CPPA”) has taken significant strides towards regulating the use of automated decision-making technology (“ADMT”), marking a pivotal moment in the evolution of privacy protection laws.
Continue readingNew regulations on “employee” and “independent contractor” classification
The U.S. Department of Labor modified wage and hour regulations to replace its criteria for determining employee or independent contractor classification under the Fair Labor Standards Act. These changes most likely impact you if you hire independent contractors.
Continue readingUnveiling a New Era of Business Transparency with the Corporate Transparency Act
In the business world, transparency is not just a buzzword; it’s a pivotal aspect of corporate integrity. The Corporate Transparency Act (“CTA”) marks a significant shift in this realm, ushering in an era where understanding and complying with beneficial ownership reporting becomes crucial for every business entity.
Continue readingSEC ADOPTS RULES FOR PRIVATE FUND ADVISERS
Earlier this year, the U.S. Securities and Exchange Commission (the “SEC”) adopted several new rules affecting private fund advisers. This article discusses changes applicable to illiquid funds, which are those in which investors may not redeem their interests at will. Most venture capital, private equity and other similar closed-end funds would be considered illiquid funds so long as opportunities to redeem are limited.
Continue readingDOJ Announces New Mergers and Acquisitions Safe Harbor Policy
On October 4, 2023, Deputy Attorney General Lisa Monaco announced the new Mergers & Acquisitions (M&A) Safe Harbor Policy of the Department of Justice (“DOJ”). Under the new policy, acquiring companies that discover and disclose misconduct in a target or recently acquired company may, subject to certain conditions and limitations, enjoy the presumption of a declination to prosecute (that is, a formal statement that the DOJ will not prosecute the company) by the DOJ.
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