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HTMLProceed with Caution When Foreclosing in Washington State: Split Decisions Regarding Deficiency Claims
Duane Morris LLP;
Legal Alert/Article
March 6, 2014, previously published on February 27, 2014
Last week, the Washington Court of Appeals, Division One, ruled that, notwithstanding the anti-deficiency provision in the state's Deeds of Trust Act, a lender can pursue a deficiency judgment against a guarantor following a non-judicial foreclosure of the property securing the underlying...

 

HTMLFDA's New Interpretation of the Five-Year NCE Exclusivity Provisions of Federal Food, Drug, and Cosmetic Act
Duane Morris LLP;
Legal Alert/Article
March 6, 2014, previously published on February 26, 2014
The U.S. Food and Drug Administration (FDA) recently published its response to three citizen petitions and its draft Guidance for Industry relating to the determination of the five-year new chemical entity (NCE) exclusivity for fixed-combination drugs.

 

HTMLNew York Appeals Court Reverses Itself in K2 Investment Group Decision; Reaffirms Earlier Ruling in Servidone
Duane Morris LLP;
Legal Alert/Article
February 25, 2014, previously published on February 19, 2014
In a decision notable for several reasons, the New York State Court of Appeals—the state's highest court—reversed itself in K2 Investment Group, LLC v. American Guarantee & Liability Insurance Co. [21 NY3d 384 (2014)] and reaffirmed its earlier ruling in Servidone Construction Corp....

 

HTMLFERC Continues Its Enforcement of Hydropower Safety Regulations with Approval of Stipulation and Consent Agreement
Duane Morris LLP;
Legal Alert/Article
February 25, 2014, previously published on February 20, 2014
On January 15, 2014, the Federal Energy Regulatory Commission (FERC) approved a stipulation and consent agreement between the FERC's Office of Enforcement (Enforcement), Erie Boulevard Hydropower, L.P. (Erie) and Brookfield Power US Assets Management, LLC (Brookfield). The agreement is significant...

 

HTMLWhat's New for Tax Year 2013 (When Filing in 2014)
Duane Morris LLP;
Legal Alert/Article
February 25, 2014, previously published on February 21, 2014
The following are select tax topics affecting individuals and businesses for tax year 2013.

 

HTMLSignificant New Transition Relief Set Forth in Final ACA Shared Responsibility Regulations
Duane Morris LLP;
Legal Alert/Article
February 18, 2014, previously published on February 12, 2014
On February 10, 2014, final regulations were published providing guidance to employers that are subject to the shared responsibility provisions regarding employee health coverage under the Affordable Care Act (ACA). Of the many issues addressed, the most significant is the additional one-year delay...

 

HTMLFDA's Guidance for Industry Concerning Receipt Dates
Duane Morris LLP;
Legal Alert/Article
February 18, 2014, previously published on February 14, 2014
The U.S. Food and Drug Administration (FDA) on February 10, 2014, published its Guidance for Industry on the receipt date for regulatory submissions. The Guidance applies to submissions that are in electronic or paper format, including submissions that are a hybrid of both.

 

HTMLProposed Amendments to Export Administration Regulations on “Routed Transactions” Issued by Commerce Department Bureau of Industry and Security
Duane Morris LLP;
Legal Alert/Article
February 10, 2014, previously published on February 6, 2014
Generally, a routed transaction involves a situation where the foreign principal party in interest (FPPI)—defined in the EAR—is responsible for the transportation of items that are subject to the EAR out of the United States. In such transactions, the U.S. principal party in interest...

 

HTMLFlorida Legislature Unanimously Approves New Limited Liability Company Act
Duane Morris LLP;
Legal Alert/Article
February 6, 2014, previously published on January 31, 2014
The Florida Legislature unanimously passed the new Florida Revised Limited Liability Company Act (the "New Act"), and Governor Rick Scott signed the bill into law on June 14, 2013. The New Act is codified as new Chapter 605 of the Florida Statutes and became effective on January 1, 2014....

 

HTMLNew Temporary Regulations Expand Reach of U.S. Anti-Inversion Rules and Permit De Minimis Continuing Ownership in Foreign Acquirer
Duane Morris LLP;
Legal Alert/Article
February 6, 2014, previously published on January 28, 2014
On January 16, 2014, temporary regulations were issued by the U.S. Department of the Treasury and the Internal Revenue Service (IRS) with respect to corporate inversions under Section 7874 (the "New Regulations"), which implement and expand rules first announced by the IRS in 2009 (See...

 


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