White House Says No Decision Made On Student Loan Forgiveness
The administration of President Joe Biden has not made a final decision on student loan cancellation, a White House spokesperson said on Friday, after a news report said it was planning to cancel $10,000 in student debt per borrower. To reach the relevant article;
- Published in Law
ABA Council Seeks Views On The Fate Of Law School Admissions Tests
The public will get the opportunity to weigh in on whether the American Bar Association should eliminate a requirement that law schools use a standardized test, like the Law School Admission Test, to assess applicants. That would leave the choice up to law schools on whether to make standardized tests optional. The ABA has in the past taken steps to remove the testing requirement. To see the article;
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China Opens Exchange Bond Markets to Overseas Investors
China will allow foreign institutional investors to trade bonds on its smaller exchange market in order to attract more capital inflows. Qualified foreign institutional investors, which can include central banks, sovereign funds, commercial banks and pension funds, will be allowed to invest in bonds on the exchange market. For the whole article;
https://news.bloomberglaw.com/banking-law/china-opens-exchange-bond-markets-to-overseas-investors
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New York Attorney Gets 6-Month Suspension for H-1B Visa Failures
A member of the New York State bar was suspended for six month after an intermediate-level appellate court held that she had failed to file H-1B visa applications and engaged in dishonesty to conceal her failure. The attorney failed to timely file several H-1B applications, and then took a series of steps to conceal those filing failures. To read the full article;
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Australia election: Anthony Albanese signals climate policy change
Anthony Albanese, who won Saturday’s election with the opposition centre-left Labor Party, said Australia could become a renewable energy superpower.
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Law School Admission Test Would be Optional Under ABA Proposal
An ABA group on Friday took another step toward allowing schools to decide whether or not to require the test for prospective students. The Council of the ABA Section of Legal Education and Admissions voted to put the proposal out for public comment.
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Ruling on SEC Judges Could Have Broad Impact
A ruling finding that the U.S. Securities and Exchange Commission’s in-house courts violate the constitution raised thorny issues of administrative law. If upheld, the decision could drastically change how numerous U.S. government agencies work, legal experts told Reuters.
https://www.reuters.com/legal/government/ruling-sec-judges-could-have-broad-impact-2022-05-20/
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ABA Recommendations Criticised By Conservatives
The ABA is officially recommending the elimination of the standardized test requirement for admission to law school, in accordence with the memorandum regarding revisions on Standards 501 and 503. Many of the conservative lawyers and scholars believe ABA has stepped out of its line. To see the Memorandum, you may visit:
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SEC Proposes New Rules Regarding GP-Led Transactions
U.S. Securities and Exchange Commission (SEC) proposed sweeping new rules to provide greater transparency and increase competition and efficiency that shall impact both registered and unregistered private fund advisers. For further information, you may visit:
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Musk Gets Twitter For $44 Billion
Elon Musk clinched a deal to buy Twitter Inc for $44 billion dollars. Musk calls himself a free speech absolutist and criticizes Twitters free speech policy, and he is willing to change that policy based on his point of view. For further information, you may visit:
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