Catalina Camia

1 week ago | news.bloombergtax.com | Andrew Ramonas |Catalina Camia

Build-A-Bear Workshop Inc. is bracing for fewer profits as its stuffed animals and other merchandise imported from China and Vietnam are expected to cost more amid the Trump administration’s trade war. The teddy bear retailer told investors in its annual 10-K report Thursday that President Donald Trump’s tariffs on Chinese and Vietnamese goods pose a “significant risk to our business operations.” Trump has put levies of at least 145% on imports from China.

2 weeks ago | news.bloombergtax.com | Catalina Camia

The EU’s sweeping AI Act went into effect earlier this year, with some of the law’s most important provisions still on the horizon. Corporate leaders shared best practices for setting up teams and procedures to prepare for the EU AI Act, and discussed how a good privacy and data governance program is the most useful foundation for complying with the new law. Their email responses to Bloomberg Law’s questions were edited for clarity. Download our full report on the EU AI Act.

2 weeks ago | news.bloombergtax.com | Evan Ochsner |Catalina Camia |David Jolly

For in-house legal ops pros trying to decide what tech to buy, there’s a checklist to review before spending company money. It’s a core job function for the professionals, many of whom essentially serve as their legal department’s chief operating officers. And trying to decide on a contract lifecycle management or e-discovery tool comes with higher stakes than buying a stapler or printer.

1 month ago | news.bloombergtax.com | David Jolly |Catalina Camia

President Donald Trump’s tariffs have companies scurrying to revise commercial contracts to mitigate the damage. Force majeure and change-of-law clauses are among the measures companies are employing to avoid bearing the full brunt of 25% increases in the price of goods crossing the Canadian or Mexican border into the US, as well as reciprocal tariffs going the other way—depending on how they’re written.

1 month ago | news.bloomberglaw.com | Catalina Camia

Berkshire Hathaway Inc. nearly doubled the fees it paid to Munger, Tolles & Olson following questions about the company’s ties to its longtime outside counsel. Billionaire Warren Buffett’s Nebraska-based holding company paid $21.2 million to Munger Tolles last year, Berkshire disclosed in a late Friday proxy filing. That’s up from the $12.5 million it paid the law firm for work in 2023.