Business Law and Corporate Law

The European Union’s (EU) revamped sustainability reporting framework is now final. On September 21, 2026, the revised European Sustainability Reporting Standards (ESRS) and a new Voluntary European Sustainability Reporting Standard (VS) were published in the Official Journal, marking yet another significant step toward more proportionate sustainability reporting in Europe. In addition to previously raising applicable financial thresholds triggering compliance under the Corporate Sustainability Reporting Directive (CSRD), the revised ESRS cut mandatory datapoints for in-scope companies (i.e., undertakings under CSRD) by more than 60% and total datapoints by more than 70%.

Colorado's Department of Law has released a revised draft of its Automated Decision-Making Technology and Conversational AI Service Rules, introducing significant changes to the state's AI regulatory framework. The updated rules address critical definitions around material influence and establish new standards for consumer rights, adverse outcomes, and reviewer qualifications. Organizations operating under the Colorado AI Act face important compliance considerations as the public hearing approaches.

Colorado's Attorney General has published proposed rules implementing the state's Automated Decision-Making Technology Act, which would impose significant compliance burdens on businesses using AI systems that materially influence consequential decisions in domains like employment, housing, and financial services. With a formal rulemaking hearing scheduled for October 2026 and an effective date of January 1, 2027, covered businesses face tight deadlines to establish documentation workflows, consumer notice