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August 17, 2023Insights
Employment and Labor Insight: DHS Updates Procedures for Virtual I-9 Inspections; Introduces Streamlined Form

As we previously reported, the temporary pandemic-era flexibilities that had allowed employers to remotely verify and inspect new employees’ Forms I-9 and supporting documents officially ended July 31, 2023.  Employers now have until August 30, 2023, to complete all mandatory inspections of employee Forms I-9 and supporting documents.

Fortunately, the U.S. Department of Homeland Security (DHS) has taken steps to ease the overall Form I-9 completion process.

First, on August 1, 2023, DHS published a simpler, streamlined version of the Form I-9.

July 26, 2023Insights
Client Insight: Legislating the Future of AI in Employment: NYC's Law on Automated Decision Tools & Other Important Developments

Companies are increasingly using automation and artificial intelligence (“AI”) to identify and hire qualified candidates more efficiently, accurately, and objectively. In response, regulators and legislators are enacting laws and rules specifically addressing AI’s potential for bias and perceived lack of transparency and accountability.

June 29, 2023Insights
PubCo Insight: SEC Augments Share Repurchase Disclosure Regime

Final rules, though less onerous than proposed, will require new and expanded quantitative and qualitative disclosures from public companies about repurchases of their equity securities, including quarterly reporting of daily share repurchase activity, and company Rule 10b5-1 trading plans

Calendar-year-end U.S. domestic issuers (including EGCs and SRCs) must comply with the new disclosure requirements starting with their next Form 10-K for any share repurchases made in the fourth quarter of 2023

June 21, 2023Insights
Data Privacy Insight: Irish Regulator Issues Record-Breaking Fine of €1.2 billion against Meta for Data Transfers to the U.S.

Last month, the Irish Data Protection Commission (“DPC”) issued a highly-anticipated decision in a multi-year enforcement action against Meta Ireland (“Meta”) stemming from Meta’s transfers of personal data from the European Economic Area (“EEA”) to the U.S. The decision directs Meta to stop transferring personal data from the EEA to the U.S. and cease processing personal data of EEA residents unlawfully.