With offices in California, New York and Singapore, MagStone Law, LLP is a modern law firm dedicated to providing solution-focused, cost-effective, and high quality legal services to our clients. We are all experienced lawyers with backgrounds from the most prominent international law firms. Our practice covers all aspects of corporate transactional law, including business formation, financing, licensing, corporate governance, mergers & acquisitions and SEC compliance. We also provide legal services in intellectual property, real estate transactions, tax controversy, litigation and dispute resolution services. Known for our expertise on U.S.-China cross-border transactions, we have become the go-to law firm for many Chinese companies exploring the U.S. market and U.S. companies entering into the Chinese market.
December 13, 2019: CA AB51 Bans Mandatory Employment Arbitration
On October 10, 2019, Governor Gavin Newsom signed Assembly Bill 51 (AB51) into law, which prohibits employers from (a) conditioning employment, continued employment or the receipt of any employment benefit on the applicant or employee waiving rights under California’s Fair Employment and Housing Act (FEHA) or the California Labor Code or (b) threatening, retaliating or discriminating against, or terminating the applicant or employee for refusing to waive employment-relate rights. Notably, AB51 explicitly carves out any written arbitration agreement that is otherwise enforceable under the Federal Arbitration Act (FAA). The new law will become effective on January 1, 2020. Although some practitioners...
December 6, 2019: California Consumer Privacy Act Set to Become Effective January 1, 2020
California Consumer Privacy Act (“CCPA”), widely applauded to be the most comprehensive consumer privacy legislation in the United States thus far and the US counterpart of the European Union’s General Data Protection Regulation, is set to take effect January 1, 2020. The CCPA covers...
December 2, 2019: USTR Announced Exclusion Procedure for Section 301 Tariff List 4A
The U.S. Trade Representative’s (USTR) issued the procedures for parties adversely affected by the List 4A Section 301 China tariffs to seek an exemption on October 24, 2019. List 4 Section 301 China tariffs (US $300 billion trade action) is the fourth round of tariffs on an estimated $300 billion of Chinese goods the U.S. imposed pursuant to USTR’s investigation and determination under Section 301 of the Trade Act of 1974. Goods from China listed under List 4A are subject to an additional 15% tariff effective on September 1, 2019. Read More...
November 18, 2019: Otto Bock-Freedom Merger Transaction Ordered to be Unwound
On November 6, 2019, the Federal Trade Commission (“FTC”) ordered to unwind a consummated merger between Otto Bock Healthcare North America Inc. (“Otto Bock”) and FIH Group Holdings, LLC (“Freedom”), the largest and third largest manufacturers of microprocessor-driven prosthetic knees (“MPK”) in the United States by revenue. Please click here to read more.
November 4, 2019: Data Protection for Cayman Islands Investment Funds
The Cayman Islands Data Protection Law (the “DPL”) became effective on 30 September, 2019. The DPL governs how a “data controller” may process, use and retain personal data. Please click here to read more.
Hot topic: CFIUS and FIRRMA
Hot topic: business compliance
regarding AB5 or how it may impact your company, please contact us.
hot topic: Export Control
October 17, 2019: 28 China-Based Entities included in BIS List
The U.S. Department of Commerce, Bureau of Industry and Security (“BIS”) recently issued a rule to amend the Export Administration Regulations (“EAR”) by adding twenty-eight additional entities located in China to the Entity List. The rule became effective on October 9, 2019. A copy of the rule, together with the newly added entities, can be viewed here.
For the entities listed in the Entity List, including those newly listed entities, BIS imposes a license requirement for all items subject to EAR and a license review policy of case-by-case review for items under certain Export Control Classification Numbers. BIS has also adopted a license review policy of presumption of denial for license applications to these entities with limited exceptions.
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