Document(s) published by this organization: 75
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|U.S. Supreme Court Decision Will Lead to Intense Scrutiny of ESOP Fiduciaries|
Barry L. Klein, Frederick G. Sandstrom; Blank Rome LLP;
July 9, 2014, previously published on June 2014The United States Supreme Court issued a decision yesterday that will result in significant changes to employee stock ownership plan ("ESOP") administration and design, which could jeopardize the viability of stand-alone traditional ESOPs.
|Offshore Tax Enforcement Update: IRS Unveils Major Changes to Voluntary Disclosure Program|
Jennifer Lynn Bell, Matthew D. Lee, Jeffrey M. Rosenfeld; Blank Rome LLP;
July 9, 2014, previously published on June 2014Since the 1970s, U.S. taxpayers with foreign banks accounts have been required to annually report their foreign bank account information to the Department of Treasury on a Report of Foreign Bank and Financial Accounts (“FBAR”) by June 30th of each year. In addition to requiring the...
|Exports of Condensate Reflect Evolution, Not Revolution, In Crude Export Regulation|
Jeanne M. Grasso, Margaret Anne Hill, Michael L. Krancer, Matthew J. Thomas, Jonathan K. Waldron; Blank Rome LLP;
July 9, 2014, previously published on June 2014On June 24, 2014, various news sources reported that the Department of Commerce (“DOC”) had allowed two companies to export processed condensate, suggesting a breakthrough in the 40-year ban on crude oil exports. The reality might not match the dramatic headlines, however. It appears...
|Wyndham Secures Interlocutory Appeal Challenging the FTC’s Authority to Regulate Cybersecurity Practices|
Steven L. Caponi, Elizabeth A. Sloan; Blank Rome LLP;
July 9, 2014, previously published on June 2014As part of our ongoing effort to advise clients on significant developments in cybersecurity that are likely to impact their businesses, we have been actively reporting on the case of in FTC v. Wyndham Worldwide Corporation, et al., pending before U.S. District Judge Esther Salas in New Jersey. In...
|Offshore Tax Enforcement Update: Foreign Bank Account Disclosure Deadline Is June 30, 2014|
Matthew D. Lee, Jeffrey M. Rosenfeld; Blank Rome LLP;
July 1, 2014, previously published on June 2014The annual deadline for filing FinCEN Form 114, Report of Foreign Bank and Financial Accounts (commonly known as the “FBAR” form), is fast-approaching. Any U.S. taxpayer with a financial interest in, or signature or other authority over, a foreign bank account (which includes bank,...
|Supreme Court Leaves Its 1988 Decision in Basic, Inc. v. Levinson Basically Intact|
Harris N. Cogan, Michelle Gitlitz-Courtney, Evan H. Lechtman, Alan M. Lieberman; Blank Rome LLP;
June 27, 2014, previously published on June 2014In Halliburton Co. et al v. Erica P. John Fund, Inc., 573 U.S.--- (2014), the Supreme Court revisited its decision in Basic, Inc. v. Levinson, 485 U.S. 224 (1988), in which it held that class action plaintiffs bringing Rule 10b-5 actions could establish the reliance element by invoking a rebuttable...
|Department of Energy Proposal Upends Process for Authorizing LNG Exports|
Stefanos N. Roulakis, Matthew J. Thomas, Jonathan K. Waldron; Blank Rome LLP;
June 26, 2014, previously published on June 2014On June 4,.2014, the Department of Energy (“DOE”) issued a Notice of Proposed Procedures (“NPP”) for Liquefied Natural Gas Export Decisions outlining proposed changes to the way liquefied natural gas (“LNG”) export permits would be issued. In short, the DOE is...
|Historic Water Resources Reform and Development Act Enacted into Law|
Joan M. Bondareff, Stefanos Roulakis, Jonathan K. Waldron; Blank Rome LLP;
June 26, 2014, previously published on June 2014On June 10, 2014, President Obama signed into law the Water Resources Reform and Development Act of 2014 (“WRRDA”) (Public Law No: 113-121). The primary purpose of the bill is to provide funding for improvements to rivers and harbors, dredge East Coast ports to 50 feet to accommodate...
|Second Circuit Court of Appeals Rules that U.S. Law Determines Whether Action Seeking Enforcement of Foreign Judgment is “Maritime”|
Thomas H. Belknap, William R. Bennett; Blank Rome LLP;
June 26, 2014, previously published on June 2014The United States Court of Appeals for the Second Circuit confirmed in a decision last week that U.S. federal courts have subject matter jurisdiction to enforce foreign maritime judgments. This, by itself, is hardly news; however, in a ruling of first impression at the appeals court level, the...
|Part Three: Unmanned Aircraft Systems (“UAS”) - Aka Drones Insurance Issues: Where Are We Headed?|
Elaine D. Solomon; Blank Rome LLP;
June 26, 2014, previously published on June 2014Although the use of Unmanned Aerial Vehicles (“UAVs”) is not new, as commercial usage explodes over the next several years, unique insurance issues will arise. How will underwriters handle this topic when risks are largely unknown? What insurance will be required for each type of entity...