The non-profit landscape, a sizeable contributor to the U.S economy, is characterized by the tax-exempt sector that employs around 29% of the American workforce while controlling assets close to $53 trillion. Based on IRS statistics, these tax-exempt organizations account for nearly 26% of the $1.5 trillion federal tax expenditures, primarily due to their tax-exempt status….
The smooth functioning of the United States government hinges on an agreed annual cycle of budget allocation and spending involving the House, Senate, and President. Typically, the President’s annual budget request is floated to Congress. The House and Senate then, independently, craft their budget resolutions. If there are discrepancies between these resolutions and the President’s…
The European Court of Human Rights (ECHR) has held Turkey accountable for violations of fair trial rights. The judgment, released on Tuesday, pertains to criminal convictions based on the use of the encrypted messaging application ByLock. ByLock drew the attention of Turkish authorities following the failed coup attempt in 2016coup attempt. The government alleged that…
In considering plan provider alterations, the motivations behind such decisions need to be guided by proper rationale and not monetary incentives. The opinion of a knowledgeable, independent advisor can often be the key to making beneficial changes, as opposed to arguments stemming from profit-motivated directives. In the highly competitive, fast-paced business environment, it can be…
With a history rooted in the aftermath of the 2008 financial crisis, the task of enforcing federal consumer finance laws was consolidated into one agency, the Consumer Financial Protection Bureau (CFPB). The CFPB’s mandate was to safeguard consumers in the marketplace and, in part, regulate predatory financial products, akin to the high-risk mortgages that had…
Artificial Intelligence (AI) continues to bring about a plethora of opportunities for corporations globally, while also presenting significant risks and challenges. Business applications of this technology are not a new concept. However, the recent advent of generative AI tools such as ChatGPT has begun to stir interest within Wall Street circles. As per a 2021…
In the world of corporate law, the term “salary” is a common point of confusion due to differences in usage across employee categories. Despite its ubiquity, it carries specific nuances when applied to distinct employee groupings: exempt and non-exempt. Often, these implications can have significant legal consequences that tend to baffle employers. According to a…
In a recent legal development emanating from Texas, the state Supreme Court remanded a case in accordance with a latest ruling that has determined an arbitrator must establish arbitrability for AAA Arbitration Agreements. The case in question revolved around a lawsuit brought by Lone Star, a car dealership, against Alliance, a car auction company. Alliance…
As digital presence becomes more critical in the legal sector, many firms grapple with whether to redesign their websites or shift their Search Engine Optimization (SEO) approach. While some might see this as an either-or situation, the reality is more nuanced. In an article for JDSupra, Omnizant highlights the complexities of online marketing and SEO,…
In the past year, interpretations related to the application of the coastwise laws to the developing offshore wind industry in the United States have shed light on how the construction and operation of offshore wind farms will progress. The US coastwise laws, which place restrictions on the transportation of merchandise and passengers, as well as…
In a recent development that has raised eyebrows in the legal community, the jurisdiction of the Commodity Futures Trading Commission (“CFTC”) over Total Return Swaps (TRS) on Exchange Traded Funds (ETFs) and custom baskets has come into question. This civil action against Archegos Capital Management LP, along with its CFO, is part of a larger…
Canadian law firm Blake, Cassels & Graydon LLP recently published its September issue of Blakes Competitive Edge. This regular publication from the firm’s Competition, Antitrust & Foreign Investment group covers a plethora of evolving trends and crucial enforcement activities in Canadian competition law and foreign investment. The in-depth exploration promises legal professionals an edge in…
Corporate legal professionals across the globe, particularly those involved with U.S. companies, should be cognizant of the increasing examination of their environmental, social and governance (ESG) efforts. The spotlight is intensifying as European Union (EU) incorporated companies, along with companies incorporated outside the EU but operating within its territories, face the consequences of fresh legislation…
In a significant update for the world of antitrust law, Jonathan Kanter, Assistant Attorney General for the Antitrust Division at the U.S. Department of Justice (DOJ), has recently provided insights into the DOJ’s current enforcement strategy during his speech at the annual Fordham Competition Law Institute’s International Antitrust Law and Policy Conference. In his remarks,…
In a decisive turn of events in the gaming world, Riot Games, the creators of the highly regarded multiplayer game, League of Legends, filed a lawsuit on January 20th, 2022 against two Asian video game companies, Suga and Imba. The filing took place in the Central District of California for allegations on infringement of Riot’s…
On August 23, 2023, the United States Securities and Exchange Commission (SEC) adopted fresh rules and amendments termed “PFA Rules”. These were added under the Investment Advisers Act of 1940 (the “Advisers Act”). The PFA Rules have introduced new obligations and requirements for investment advisers to private funds. As outlined by Robinson Bradshaw, these amendments…
In the complex world of law, particularly property law, the doctrine of Constructive Taking still holds relevance, given its impacts on such diverse areas as fisheries, mineral territories, transportation infrastructure, and recreational parks. If we look at a recent legal case, the relevance of this legal doctrine is all too clear. The concept of ‘taking’…
The California Revised Uniform Limited Liability Company Act (CRULLCA), more specifically, Section 17701.7 of the California Corporations Code, introduces two arguably conflicting rules. A careful interpretation and application of these principles, especially in a notoriously complex legal environment like California’s, can deeply impact legal professionals navigating corporate law in the state. As per this statute,…
In 2023, a significant legal shift occurred altering the landscape for contractors and subcontractors active in the construction industry in DC. The Private Contractor and Subcontractor Prompt Payment Act of 20131, commonly referred to as the Act, was amended to offer additional protections to subcontractors engaged in private projects. A significant change was the limitation…
In a recent legal development, the False Claims Act has found increasing application in the field of cybersecurity enforcement. This trend is marked by the recent unsealing of a False Claims Act qui tam complaint lodged against the renowned Pennsylvania State University (Penn State). This case, entitled United States ex rel. Matthew Decker v. Pennsylvania…
The US Department of State has released its Visa Bulletin for October 2023, announced by the US Citizenship and Immigration Services (USCIS). It includes several adjustments to the dates for filing for different visa classifications. That’s according to a report by Morgan Lewis. Notably, the USCIS will use the ‘Dates for Filing’ chart this forthcoming…
In a recent development that has drawn attention in both the legal and franchisor community, a Utah federal judge has denied the request of cookie franchisor Crumbl for an injunction against the competitor, Dirty Dozen. The injunction would have prevented Dirty Dozen from opening new locations amidst ongoing litigation between the two franchises. The full…
Entering the fold January 1, 2024 is the Corporate Transparency Act (“CTA”). Important for all legal professionals involved in corporate law, understanding your obligations under the CTA will be crucial leading into 2024. Spawned from increasing demands for corporate accountability and clarity in reporting, the CTA aims to arm legal and regulatory bodies with actionable…
The legal industry is in a state of flux, necessitating a new comprehension of what clients genuinely require. Taking inspiration from Maslow’s hierarchy of needs, a psychology model that illustrates the evolution of human motivations, Firesign proposes a fresh perspective on understanding clients’ needs. The article suggests that similar to the way human’s needs progress…
Trademark protection continues to pose challenges to numerous businesses across the globe. Especially if we turn our gaze towards Colombia, the increasing number of inquiries from clients, who wish to secure their trademarks, speaks volumes about the subject’s complexity. The International Lawyers Network has recently compiled a series of answers to some of these frequently…