The chemical industry is subject to complex and ever-evolving laws and regulations. New standards governing the production and use of chemicals are implemented every year worldwide, and existing laws and regulations are constantly changing to keep pace with new information and scientific advancements. Chemical Industry Regulatory Update provides a monthly digest of recent legislative and regulatory developments and related industry news.
2023 Executive Leadership Conference | Ponte Vedra Beach, FL
Join top adhesive and sealant industry executives at ASC’s Executive Leadership Conference in Ponte Vedra Beach Florida, October 23-25, 2023. This exclusive event is uniquely designed for senior level leadership within the industry value chain. Sessions and speakers focus on topics relevant for industry executives to stay ahead of the curve in 2024 and beyond. Hear from some of the most influential voices inside and outside of the industry on topics ranging from AI and digitization to the economy, M&A and leadership in sustainability initiatives.
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Preparing for New California Climate Risk and Emissions Disclosure Laws
Jurgita Ashley, Heidi B. (Goldstein) Friedman, Tanya C. Nesbitt, Julia Miller
Recently, the California Legislature passed two bills relating to climate risk and emissions disclosures that could impact thousands of companies doing business in California. The Climate-Related Financial Risk Act would require companies to report biennially on climate-related financial risk, and the Climate Corporate Data Accountability Act would require companies to publicly disclose their scope 1, 2 and 3 greenhouse gas emissions. Continue reading.
Creative Solutions for Buyers as Non-Compete Bans Increasingly Affect M&A Deals
You may have heard murmurs about significant new prohibitions on non-compete covenants (“non-competes”) and might be concerned about how these developments could threaten your current, past and future deals. In the M&A context, buyers often rely on non-competes as part of a broader strategy to retain the value of the businesses they are purchasing. If any of the target company’s executives, salespeople, owners, developers of IP or others who hold important client relationships or trade secrets can easily leave and compete against the target company, the buyer immediately loses some of the assets and value they just purchased. On the other side, sellers might worry about not receiving the anticipated or desired price for their businesses if they feel they cannot adequately assure buyers that they will receive the full benefit of the transaction. Read more.
So, You’re Thinking About Buying an ESOP? Initial Considerations When Acquiring an ESOP-owned Corporation
According to the National Center for Employee Ownership, there are currently over 6,000 ESOPs. Although the total number of ESOPs has remained relatively steady from year to year, there are around 250 new ESOPs formed each year. Those numbers suggest that ownership of ESOPs is being transitioned to third parties at a similar rate to the formation of new ESOPs. ESOPs are not particular to any specific industry, but over half of ESOPs are in the professional services, manufacturing, and construction industries. If your company is thinking about acquiring an ESOP-owned company, below are some initial matters to consider. Continue reading.
Questions to Ask Your Law Firms About Their Use of Artificial Intelligence
William T. Garcia, Matthew D. Coatney, Julie D. Honor
Even the most casual observer of current news appreciates the projected use of artificial intelligence or “AI” to improve service delivery across a variety of industries. Artificial intelligence techniques such as natural language processing, machine learning, and deep learning have been commercially available for several years and are incorporated into some of the more widely adopted software applications (for example, Lex Machina which analyzes court dockets to predict case timing and judges’ penchants). Read more.
Check out the latest Employment Legislation Outlook. This monthly digest is designed to keep you apprised of upcoming major state law changes in areas including paid sick and safe leave laws, family and parental leave, recreational and medicinal marijuana use, workplace gun laws, asking candidates about salary history and unpredictable scheduling.
For more information, contact the editor, Devin A. Barry, or any of the authors.
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Chemical Industry Regulatory Update is compiled by Thompson Hine lawyers on behalf of The Adhesive and Sealant Council. It should not be construed as legal advice, and the views and opinions expressed herein are those of the authors and do not necessarily reflect those of the ASC or its members.