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Obama administration increases transparency requirements for financial institutions

Following the release of the Panama Papers, which leaked millions of documents from a Panamanian law firm, the Obama administration is using the opportunity to step up regulations and reporting on corporate transparency, especially in relation to the use of shell corporations.

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Pay gap reporting in the UK

Last summer, Prime Minister David Cameron vowed to take action to end the gender pay gap that exists between working men and women in the UK.

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SEC seeks public comment on its release on public company disclosure; includes possibility of mandated sustainability reporting

On April 13, 2016, the Securities and Exchange Commission issued a new Concept Release regarding public company disclosures through Regulation S-K. The public comment period will be open until July 21, 2016.

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Mandatory integration of renewable energy in China

China鈥檚 renewable energy sector has been growing faster than that of any other nation, as the country aggressively grew capacity in wind and solar generation. Recently, the country has run into something of a bottleneck as the growth rate in capacity is outpacing the ability to connect these renewable sources to the power grid.

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New rules on offshore oil and gas drilling

Building upon knowledge gained from investigations into the Deepwater Horizon spill in the Gulf of Mexico, the Bureau of Safety and Environmental Enforcement of the Department of the Interior has issued a final rule that aims to limit the risk of such accidents in the future.

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Banning micro-beads from beauty and health products

Some estimates suggest an average of eight million metric tons of plastic make their way into the world鈥檚 oceans and other bodies of water each year. On December 30, 2015, the United States took a small step in reducing these levels by signing into law The Microbead-Free Waters Act of 2015.

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Department of Labor issues new overtime rules

On May 18, 2016 the Department of Labor (DOL) announced its final rule regarding overtime pay under the Fair Labor Standards Act (FLSA).

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Defend Trade Secrets Act protects intellectual property

After easily passing through Congress, the Defend Trade Secrets Act of 2016 was signed into law by President Obama on May 11.

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Modernization of Toxic Substances Control Act

Flaws in the Toxic Substances Control Act, now 40 years old, have been apparent for some time. Now, Congress is set to pass an update to the bill that would seek to address many of those concerns with the Frank R. Lautenberg Chemical Safety for the 21st Century Act.

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New EU customs code comes into force

The new Union Customs Code (UCC) (Regulation (EU) No 952/2013), passed back in 2013, took effect on May 1, 2016.

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EEOC employee wellness program rules

On May 17, 2016, the U.S. Equal Employment Opportunity Commission (EEOC) took steps to clarify what had been viewed by many as a conflict between the Americas with Disabilities Act (ADA), the Genetic Information Nondiscrimination Act (GINA), and the Affordable Care Act (ACA) as they relate to employer-sponsored wellness programs.

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Environmental disclosures for U.S. government suppliers

Under a new proposal from the Obama Administration earlier this month, the U.S. government will pay stricter attention to the carbon footprint of many of its suppliers as it seeks to manage greenhouse gas (GHG) emissions in its massive, $400 billion-a-year supply chain.

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