On Nov. 8th, 2022 the European Court of Justice, EU’s highest court, overturned a tax ruling against Fiat Chrysler from 2015. The decision annuls the EU commission’s 2015 finding that Luxembourg granted selective tax advantages to Fiat through a transfer pricing ruling. The commission said the deal in 2015 amounted to a state subsidy and […]

Technology companies laid off over twenty-two thousand workers in the first ten days of November. The pandemic era of cheap money and long leashes for startups appears to have ended, and belts have begun to tighten. As the federal reserve continues to wrangle inflation through precedent-busting rates increases, venture capital firms and the startups they […]

Corporations acquire companies for a variety of motives which often affect the success of a merger. A merger can increase the value of a corporation by spreading the fixed cost of production over a larger output or by spreading the cost of expertise over a wider range of employees. Alternatively, successful mergers may align supply […]

After years of unprecedented growth, the tech industry has recently come to a slowdown and some of the biggest tech companies have announced hiring freezes and job cuts. On November 2nd, 2022, Amazon decided to halt new incremental hires in their corporate workforce for the next few months in face of the “unusual macro-economic environment.” […]

The #MeToo movement is often described as having sparked a “conversation.” Indeed, survivors have spoken, and collectively their voices have been heard. Although the response has certainly been substantial, the conversation is still in many ways one-sided. In a recent Bloomberg Law article, Proskauer Rose attorneys Sydney Cone, Kate Gold, Atoyia Harris, and Sehreen Ladak […]

As an impact of the pandemic and Russia’s invasion of Ukraine, the US economy is predicted to face a recession that may result in massive layoffs in 2023. In June, thousands of Tesla’s employees were laid off based on Tesla’s “super-bad feeling” about the economy. In August, Apple laid off roughly 100 contractors as part […]

Corporate social responsibility, or the idea that corporations should consider the needs of the community as much as the needs of their shareholders, is nothing new. In the famous case of Dodge v. Ford Motor Co., Henry Ford declared the purpose of Ford was to benefit others including his community, his customers, and his employees. […]

Federal benchmark rates continued to rise after the Federal Reserve approved its third-consecutive increase this year by adding 75 basis points while projecting another increase. They expect the rate will increase until reaching 4 to 4.5 percent by the end of this year, a level we have not seen since 2008. This increase comes as expected […]

Legislators all around the world are looking at fast fashion industries with greater scrutiny. In March 2022, the European Union published the Ecodesign for Sustainable Products Regulation (ESPR) to improve product circularity and identify substances that may prevent products from being recycled.  ESPR specifically set single-fiber, or monofiber, clothes as the new standard, which makes […]

The Uffizi Galleries in Florence, Italy, are suing French fashion label Jean Paul Gaultier for “unauthorized use” of imagery from The Birth of Venus, a 15th-century painting by the famous early renaissance artist Sandro Boticelli. “Le Musée,” the capsule collection at the center of the lawsuit, was intended to be Jean Paul Gaultier’s tribute to […]