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Precision Anesthesia Billing Data Breach Affects 209,000 Individuals, Highlights Cybersecurity Risks

Pieter Gunst3 years ago02 mins

Precision Anesthesia Billing, LLC (PAB) has recently announced a substantial data breach, impacting around 209,000 individuals. This instance contributes to a growing number of high-profile data breaches in recent years, increasingly targeting corporations in sensitive industries. As reported in JD Supra, PAB discovered that an unauthorized party had gained access to confidential patient information provided…

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New EU Foreign Subsidies Regulation Set to Impact US and Non-European M&A Activities

Pieter Gunst3 years ago04 mins

Changes are coming to the way American companies, along with others outside the European Union (EU), engage in large M&A transactions and public tenders within the EU’s single market. From July 12, 2023, under the EU’s new Foreign Subsidies Regulation (FSR), these entities must adhere to a stringent set of provisions if they have benefited…

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SEC Adopts Final Rules to Enhance Cybersecurity Risk Management and Reporting for Public Companies

Pieter Gunst3 years ago03 mins

On July 25, 2023, the United States Securities and Exchange Commission (SEC), by a slim majority (3-2 vote), embraced final rules revolving around cyber security risk management, strategy, governance, and incident reporting by public companies. The news was reported by JD Supra. These newly adopted rules, known as the Final Rules, serve a twofold purpose….

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Unveiling of Tri-Seal Compliance Note: Streamlining Voluntary Disclosures for Export Controls and Sanctions Violations

Pieter Gunst3 years ago03 mins

In a recent development, the Departments of Justice (DOJ), Commerce, and Treasury made a joint announcement on June 26, 2023. They issued a Tri-Seal Compliance Note that seeks to bring clarity to agency policy memoranda and existing regulations pertaining to voluntary self-disclosures (VSDs) of export controls and sanctions violations. This move comes as an essential…

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Cayman Islands Hedge Fund Directors Emphasize Transparency Amid Updated CIMA Regulations

Pieter Gunst3 years ago02 mins

Updating the 2023 relations between investors and the Cayman Islands Monetary Authority (CIMA), it’s evident that the responsibilities of the directors of Cayman Islands hedge funds have further underscored the need for transparency and honesty. To uphold their duties, they are tasked with continuously ensuring all affairs of the funds are not only transparent but…

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EEOC’s Proposed Rule Advances Pregnant Workers Fairness Act Implementation

Pieter Gunst3 years ago02 mins

The U.S. Equal Employment Opportunity Commission (EEOC) has recently issued a Notice of Proposed Rulemaking (NPRM) to put into action the Pregnant Workers Fairness Act (PWFA). The notice for the proposed ruling was posted by the Federal Register for public review and comment, ultimately shedding light on the imminent enactment and enforcement of the PWFA….

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OFCCP Modifies Pre-Enforcement Notice and Conciliation Procedures, Impacting Federal Contractors

Pieter Gunst3 years ago02 mins

On August 4, 2023, the Office of Federal Contract Compliance Programs (OFCCP) issued its final rule, dubbed as the “Pre-Enforcement Notice and Conciliation Procedures”, which has substantially altered the procedures and standards used when circulating pre-enforcement notifications and ascertaining compliance via conciliation. This rule’s publication denotes a significant procedural and operational shift within the OFCCP,…

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EPA Revisions to Greenhouse Gas Reporting Requirements Signal Expansion of Industry Regulations

Pieter Gunst3 years ago02 mins

The United States Environmental Protection Agency (EPA) recently proposed significant revisions to the greenhouse gas reporting requirements, particularly applicable to Subpart W, as reported by JD Supra. This comes as part of a broader move to expand the mandate of the Greenhouse Gas Reporting Program (GHGRP), initially launched by the EPA in 2009. Originally, the…

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Lakewood Resident Admits to Wire Fraud in Large-Scale DME Healthcare Conspiracy

Pieter Gunst3 years ago02 mins

The U.S. Attorney’s Office for New Jersey recently unveiled that Alexander Schleider, a resident of Lakewood, has admitted to wire fraud and conspiracy to commit healthcare fraud. The fraudulent scheme was centered on durable medical equipment (DME). Schleider pleaded guilty to his actions as part of a large-scale kickback plot, which resulted in massive losses…

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Tri-Seal Compliance Note: Navigating Voluntary Disclosure in National Security Law

Pieter Gunst3 years ago03 mins

On July 26, 2023, an important message was delivered from the offices of the Commerce, Justice, and Treasury Departments in the form of a “Tri-Seal Compliance Note”. This second-ever issued note marks a significant moment in the development of corporate compliance and violation disclosure standards, aiming to guide businesses towards a path of self-regulatory transparency….

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Federal Banking Agencies Propose Amendments to Capital Rules for Large Organizations

Pieter Gunst3 years ago01 mins

On July 27, 2023, a significant regulatory proposal was issued by the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. Collectively known as the Federal Banking Agencies (FBAs), they proposed the amendment of the banking regulatory capital rules that impact…

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Clashing AGs: Environmental Regulation and the High Stakes for Industries

Pieter Gunst3 years ago03 mins

In recent news, regulatory decisions by state and federal regulators continue to provoke significant impacts across The United States. One major focus in this arena lies within a clash between Republican and Democratic Attorneys General (AGs) regarding plastic pollution prevention. Such disputes reflect the highly political nature of environmental regulation and the divergent approaches towards…

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SEC Gains Upper Hand as Judge Rules Cryptocurrency Trading as Securities Transactions

Pieter Gunst3 years ago02 mins

In a notable decision on July 31, 2023, Judge Jed Rakoff of the Southern District of New York (“SDNY”) has made a decision in favor of the Securities and Exchange Commission (SEC) against Terraform Labs Pte. Ltd. in the case SEC v. Terraform Labs Pte. Ltd. He ruled that trading of cryptocurrency assets to retail…

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Navigating the Complexities of Business Succession Planning for a Prosperous Future

Pieter Gunst3 years ago04 mins

Business succession planning, though possibly uncomfortable to consider, is paramount to the longevity and prosperity of an enterprise following a transition in ownership. In an insightful article by Husch Blackwell LLP, several strategies that business owners may contemplate in the construction of their succession plans are brought to light. At the larger end of the…

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Biden Administration Targets Zoning Policies to Address Housing Crisis

Pieter Gunst3 years ago02 mins

The Biden administration has announced several new measures intended to lower housing costs and bolster supply. Central to these steps is an effort to incentivize municipalities to loosen restrictive land use and zoning policies. This will be achieved by adopting these considerations into the grant criteria for key government programs. As part of the strategy,…

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US and Mexico Strengthen Fight Against Illicit Finance at Strategic Dialogue Event

Pieter Gunst3 years ago02 mins

On August 2-3, 2023, Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes, Elizabeth Rosenberg and Acting Director of the Financial Crimes Enforcement Network, Himamauli Das, convened with their counterparts from the Government of Mexico. The meeting took place at the Strategic Dialogue on Illicit Finance (SDIF) event in Mexico City. The SDIF…

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Texas Clinical Lab Settles $5.7 Million False Claims Act Judgment, Reinforces Importance of Regulatory Compliance

Pieter Gunst3 years ago03 mins

In a recent development, Texas Clinical Laboratory, BestCare Laboratory Services LLC, and its founder, have agreed to pay $5.7 million to settle a 2018 False Claims Act (FCA) judgement. Arising under the Department of Justice’s ability-to-pay policy, the judgement was imposed based on assertions of fraudulent claims to federal healthcare programs. This resolution seems poised…

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Startups and the Corporate Transparency Act: New Beneficial Ownership Reporting Obligations Looming

Pieter Gunst3 years ago03 mins

Industry insiders warn founders and operators of startups about the impending requirement potentially impacting their businesses. Specifically, their firms may be required to report the Beneficial Ownership Information (BOI) unless there is an exemption under the Corporate Transparency Act (CTA). This obligation comes into effect as of January 1, 2024, and is detailed in this…

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DHS Rule Enables Remote Form I-9 Inspections for E-Verify Employers

Pieter Gunst3 years ago04 mins

As part of significant developments in the legal and labor landscape, a new rule introduced by the federal Department of Homeland Security (DHS) is set to take effect from August 1, 2023. Under this new mandate, employers who maintain good standing and are active participants in E-Verify will now have the choice to perform remote…

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National Asbestos Litigation Conference to Address Key Challenges and Trends

Pieter Gunst3 years ago02 mins

Legal professionals working in the asbestos litigation field are preparing to gather for the National Asbestos Litigation Conference, this year taking place from September 12th to 13th in Charleston, South Carolina. This two-day conference, highlighted in JD Supra, aims to bring together experts in the field to facilitate networking, knowledge-sharing, and discussions on the latest…

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New Form I-9 and Compliance Procedures for US Employers Amid Remote Work Shift

Pieter Gunst3 years ago03 mins

The United States has introduced a new Form I-9 and updated procedures for U.S. employers to verify the identity and employment authorization for individuals hired in the country. These changes come under the aegis of the Department of Homeland Security (DHS) and U.S. Citizenship and Immigration Services (USCIS) and is mandated for all employers operating…

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New Form I-9 Edition Addresses Remote Document Review, Streamlines Employment Verification Process

Pieter Gunst3 years ago02 mins

On August 1, 2023, U.S. Citizenship and Immigration Services rolled out a new edition of Form I-9. This immediately usable document will become mandatory on November 1, 2023, according to JD Supra. Employers have two versions of the Form I-9 at their disposal until the end of October 2023. They can either use the new…

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Navigating the Complexities of Worker Classification: The Impact on Employment Law and Corporate Compliance

Pieter Gunst3 years ago03 mins

In the current complex legal landscape, the classification of workers as employees or independent contractors continues to generate much debate, as evidenced by the ongoing deliberations at the National Labor Relations Board (NLRB). The decision-making criteria employed by ongoing government entities, the NLRB included, carry notable ramifications for corporations and their HR departments, especially considering…

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GFSC Granted Permission to Appeal, Prolonging Domaille, Clarke & Hannis Legal Saga

Pieter Gunst3 years ago01 mins

The Guernsey Financial Services Commission (GFSC) has recently been granted permission to appeal in the case involving Domaille, Clarke & Hannis, further extending the unfolding legal drama. This case follows an appeal that was previously made against sanctions imposed on Domaille, Clarke & Hannis by a Senior Decision Maker (SDM) chosen by the GFSC. The…

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NLRB Overturns Framework, Corporations Must Reevaluate Workplace Rules

Pieter Gunst3 years ago03 mins

Law professionals serving in the corporate sphere need to be well-acquainted with an important development from the National Labor Relations Board (NLRB). On August 2, 2023, a verdict was passed in Stericyle Inc., which overturned the legal framework the NLRB had been using since 2017 to evaluate the legality of workplace rules, such as those…

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First Circuit Court Revives Ricky Martin Copyright Lawsuit, Emphasizes Need for Discovery in Complex Intellectual Property Disputes

Google Takes Legal Action Against Chinese Cybercriminals Exploiting AI for Phishing Scams

X Corp Invokes Supreme Court Precedent in Bid to Dismiss Tennessee Copyright Case

Centripetal Networks Patent Invalidated Again in PTAB Ruling Amid Ongoing Litigation with Cisco Systems

Caterpillar Sues Startup in Landmark Patent Infringement Case Over Autonomous Technology

Precision Anesthesia Billing Data Breach Affects 209,000 Individuals, Highlights Cybersecurity Risks

New EU Foreign Subsidies Regulation Set to Impact US and Non-European M&A Activities

SEC Adopts Final Rules to Enhance Cybersecurity Risk Management and Reporting for Public Companies

Unveiling of Tri-Seal Compliance Note: Streamlining Voluntary Disclosures for Export Controls and Sanctions Violations

Cayman Islands Hedge Fund Directors Emphasize Transparency Amid Updated CIMA Regulations

EEOC’s Proposed Rule Advances Pregnant Workers Fairness Act Implementation

OFCCP Modifies Pre-Enforcement Notice and Conciliation Procedures, Impacting Federal Contractors

EPA Revisions to Greenhouse Gas Reporting Requirements Signal Expansion of Industry Regulations

Lakewood Resident Admits to Wire Fraud in Large-Scale DME Healthcare Conspiracy

Tri-Seal Compliance Note: Navigating Voluntary Disclosure in National Security Law

Federal Banking Agencies Propose Amendments to Capital Rules for Large Organizations

Clashing AGs: Environmental Regulation and the High Stakes for Industries

SEC Gains Upper Hand as Judge Rules Cryptocurrency Trading as Securities Transactions

Navigating the Complexities of Business Succession Planning for a Prosperous Future

Biden Administration Targets Zoning Policies to Address Housing Crisis

US and Mexico Strengthen Fight Against Illicit Finance at Strategic Dialogue Event

Texas Clinical Lab Settles $5.7 Million False Claims Act Judgment, Reinforces Importance of Regulatory Compliance

Startups and the Corporate Transparency Act: New Beneficial Ownership Reporting Obligations Looming

DHS Rule Enables Remote Form I-9 Inspections for E-Verify Employers

National Asbestos Litigation Conference to Address Key Challenges and Trends

New Form I-9 and Compliance Procedures for US Employers Amid Remote Work Shift

New Form I-9 Edition Addresses Remote Document Review, Streamlines Employment Verification Process

Navigating the Complexities of Worker Classification: The Impact on Employment Law and Corporate Compliance

GFSC Granted Permission to Appeal, Prolonging Domaille, Clarke & Hannis Legal Saga

NLRB Overturns Framework, Corporations Must Reevaluate Workplace Rules