On August 8th, an important directive was issued by The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) titled ‘Guidance for the Provision of Humanitarian Assistance to Syria’. The provision of such assistance is a complex topic that requires the utmost attention due to the intricate nature of the U.S. sanctions against…
Donors who hold ownership interests in privately held businesses such as corporations, limited liability companies and partnerships have the potential to use these interests to make charitable contributions. This course of action becomes particularly beneficial and pertinent when the donor is in the process of selling their company to an external party, according to the…
Earlier this week, a significant shift in the financial landscape took place when Moody’s Investor Services downgraded the credit ratings of 10 regional banks, shaking their foundation and eliciting widespread reactions from the legal community, as reported by JDSupra.com. Beyond the initial downgrades, 17 other banks have been placed under review or have had their…
In a noteworthy move that has the potential to affect federally funded research at US institutions of higher education, a new set of risk-based security requirements has recently been introduced. The driving force behind these changes is the protection and promotion of key American values and interests. Recognizing the critical importance of international cooperation in…
Significant developments were marked in the U.S.-China policy front this August 2023, driving major interests amongst legal professionals and international investors alike. These policy updates imply consequences on a wide-range of legal and business operations across multinational corporations and big law firms. The most notable of these policy changes includes President Joe Biden issuing a…
On August 8, 2023, the United States Securities and Exchange Commission (SEC), announced that 11 Wall Street firms have agreed to settle charges for recordkeeping violations. According to the Commission, these institutions, composed of ten broker-dealer firms and one dually-registered investment adviser, did not adequately maintain and preserve electronic communications related to their businesses. The…
As the global pandemic continues, we find ourselves in the midst of a medical device and equipment shortage. The shortage has compelled medical providers to invest heavily in alternative sterile medical products and, in some instances, to implement rationing. Amidst these already tense dynamics, the FDA has requested that the EPA pump the brakes on…
In a recent development, the US Department of Health and Human Services Office of Inspector General (OIG) has shared Advisory Opinion No. 23-04 on per-click marketing arrangements involving online healthcare directories. This move is highly significant for legal professionals, both in the corporate world and in law firms, given its implications for online healthcare marketing…
Several leading industry organizations, including the American Chemistry Council, American Fuel & Petrochemical Manufacturers, U.S. Tire Manufacturers Association, and Vinyl Institute (collectively known as “ACC”) have formally submitted comments to the United States Environmental Protection Agency (EPA) on its proposed New Source Performance Standards (NSPS) and National Emission Standards for Hazardous Air Pollutants (NESHAP) for…
In an unprecedented joint action, bankers associations from every U.S. state penned a shared letter to the Consumer Financial Protection Bureau (CFPB or Bureau) on August 8, voicing their collective request for a delay in the enforcement and implementation of the small business data collection and reporting final rule stipulated under § 1071 of the…
A major legal battle is underway, with a coalition of 21 Attorneys General (AGs) throwing their weight behind former Saks retail store employees’ allegations in a no-poach agreement case. The AGs have filed an amicus brief in the U.S. Court of Appeals for the Second Circuit, in support of the former employees who allege they…
In an update that signals a maturing regulatory landscape for global businesses, a joint initiative between the Justice, Commerce, and the Treasury Departments of the United States has been announced. This initiative sets out comprehensive tri-party voluntary disclosure guidelines for sanctions and export control violations. As indicated by The Volkov Law Group, this signifies a…
As the global landscape of data privacy and security regulations continues to expand and become more complex, it is imperative for businesses to remain vigilant and well-informed. Jason Patel of Cheq.ai, a known name in go-to-market security, recently shed some light on this issue during his conversation with Compliance Evangelist, Thomas Fox. Thomas Fox’s conversation…
In the realm of New Jersey Regulations pertaining to Assisted Living Residence Admission Agreements, journalism’s Betteridge’s law finds itself contradicted. Unlike the common journalistic adage suggests, the answer to the question about whether these regulations require specific language in admission agreements is, in fact, a resounding “yes”. In a recent discussion, a focus was placed…
In a significant turn of events, the National Labor Relations Board (NLRB or “the Board”) has shifted gears on its standing approach towards employment policies. Aimed at all employers, including those without union workers, the Board has changed its approach towards written employment policies and their potential to constitute unfair labor practice—a violation of the…
In the context of family-owned businesses, there are often scenarios where the matriarch or patriarch not only serves in the role of the family head but also leads the business. The person at the helm might be the founder of the business or have a lengthy tenure that surpasses common reminiscence. However, the death of…
The past week in London’s litigation scene has brought forward several key cases, including a breach of contract claim against Eversheds Sutherland by the University for the Creative Arts. Alongside this, we’ve seen a dramatic energy regulation dispute worth €41.8 million (£35.6 million) initiated by solar energy investor 9REN against Spain in the High Court….
In what can be considered a major victory for the federal government, the Association of Air Medical Services’ case against the No Surprises Act encountered a defeat at summary judgment. This occurrence marks the government’s first distinction in the fold of court challenges against the No Surprises Act. The case was decided in U.S. District…
On August 9, 2023, an Executive Order was issued by President Biden which gives the U.S. Department of Treasury the power to establish a highly restrictive, unprecedented regulatory regime to limit outbound U.S. investments in China. The Treasury Department also took the step of issuing an advance notice of proposed rulemaking on the same day….
In a significant recent case, the American Alliance for Equal Rights (AAER) has filed a lawsuit against Fearless Fund Management LLC, a black women-run company. The crux of the litigation is claims of racial discrimination and violations of Section 1981 of the Civil Rights Act of 1866. This lawsuit, filed in federal court in Atlanta…
The Committee on Foreign Investment in the United States (CFIUS) has recently released its statutory annual report for the calendar year 2022. This unclassified edition of the report – issued on July 31, 2023 – offers an overview of crucial trends within the realm of inbound foreign investment reviews by the U.S. government. The report…
Welcome to another installment of our review of the most significant recent legal cases and developments. Our review brings together a variety of key sources to deliver a concise summary tailored specifically for legal professionals. One of the notable developments covered in the How Appealing blog this week is a U.S. Appeals Court case from…
Radius Global Solutions, LLC, a major player in the business services arena, recently disclosed that they suffered a significant data breach due to vulnerabilities in their MOVEit server. The details surrounding the breach were clarified in a notice, filed with the U.S. Department of Health and Human Services Office for Civil Rights on August 4,…
The Centers for Medicare and Medicaid Services (CMS) continue to make their mark on hospital price transparency regulations as they recently issued three civil monetary penalty (CMP) notices. The CMP notifications were administered due to violations of the Hospital Price Transparency (HPT) Rule. For context, the HPT Rule calls for hospitals to publicly disclose their…
The Consumer Financial Protection Bureau (CFPB) has reportedly initiated a lawsuit against the car loan servicer, USASF Servicing, LLC. The lawsuit alleges that USASF Servicing engaged in illegal practices harmful to consumers with car loans, described as a violation of the Consumer Financial Protection Act of 2010. The car loan servicer is accused of exploiting…