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October 2020

Since the beginning of the Brexit process in 2016, Covington’s Brexit Task Force–comprised of over 40 lawyers and former senior diplomats and policymakers, in London, Brussels, Frankfurt, Dublin, and Washington–has advised clients in a wide range of industries on the challenges and opportunities created by this historic event. While the EU-UK negotiations have ...

November-December 2020, Journal of Robotics, Artificial Intelligence & Law

October 23, 2020, Covington Alert

On October 21, 2020, the National People's Congress (“NPC”), China’s top legislative body, released its first draft of the Personal Information Protection Law (the “Draft Law”) for public comment (official Chinese version available here).  The period for public comment ends on November 19, 2020 and comments can be submitted through NPC’s official website.    

October 23, 2020, Covington Alert

Since Covington's last global Business and Human Rights update, there have been significant developments in national, regional, and international regulatory and enforcement initiatives, which have continued to exert pressure on companies to develop or enhance their processes for identifying and mitigating human rights risks in their global operations and value ...

October 22, 2020, Covington Alert

Whether or not a deal is reached with the EU prior to the end of the Brexit transition period on 31 December 2020, the period leading up to 2021 and for some time afterwards is likely to be an uncertain time for many businesses in the UK and beyond. In particular, the commercial effects of Brexit may cause a previously favourable contract to become a bad ...

October 22, 2020, Covington Alert

On October 20, 2020, the federal banking agencies adopted a final rule to implement the net stable funding ratio (“NSFR”), a standardized liquidity requirement that the agencies proposed in May 2016. Once effective on July 1, 2021, the final rule will require certain larger banking institutions to maintain a minimum level of stable funding as measured over a ...

October 22, 2020, Covington Alert

This is a playbook for a virtual meeting of shareholders of a public company. This playbook answers questions that companies may have about planning and holding such a meeting.

October 21, 2020, Covington Alert

On Tuesday, October 20, 2020, the Federal Deposit Insurance Corporation issued a proposed rule that would supersede and codify, with certain changes described below, a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance (the “2018 Statement”). Like the 2018 Statement, the proposed rule would be adopted on an interagency basis with the Board of ...

October 21, 2020, Covington Alert

Recently, the Standing Committee of the National People’s Congress of China approved an amendment to the Patent Law.  The amended Patent Law is slated to take effect on June 1, 2021. Most notable among the 29 amended provisions are changes to rules for patent litigation. Below are some highlights that we believe may particularly interest international companies ...