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HTMLNew York Regulation Expected to Reduce Level-Term Life Insurance Reserves by a Third
Amber S. Mills; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 16, 2014, previously published on April 14, 2014
In a letter addressed to the National Association of Insurance Commissioners, Benjamin Lawsky, Superintendent of the New York Department of Financial Services (the “DFS”), said the DFS will be issuing a regulation in the coming weeks that is expected to reduce the amount of reserves...

 

HTMLThe United States Begins Move Towards Transparency on Beneficial Ownership
Antonio Suarez-Martinez; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 16, 2014, previously published on April 14, 2014
The White House has publicised a legislative proposal as part of the President’s budget to help law enforcement investigate the use of shell companies for unlawful purposes including money laundering. The purpose of the legislation is to allow the Inland Revenue Service to share beneficial...

 

HTMLThe UK Government’s Cyber Essentials Scheme Launched on 7 April 2014 - Will It have Any Impact on the Cyber-Security Landscape?
Jonny McDonald, Sarah Pearce; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 16, 2014, previously published on April 14, 2014
The Scheme (in its own words) “identifies the security controls that organisations must have in place within their IT system in order to have confidence that they are beginning to mitigate the risk from internet-based threats”. Moreover, “all organisations are free to implement it...

 

HTMLDOL Issues Proposed Amendment Requiring a Summary Guide for Section 408(b)(2) Disclosures
Lori A. Basilico; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 14, 2014, previously published on April 2014
The Department of Labor (“DOL”) issued a proposed amendment to the final regulations under Section 408(b)(2) of ERISA (the “Fee Disclosure Regulations”). The Fee Disclosure Regulations require that covered service providers to 401(k) plans and other ERISA covered retirement...

 

HTMLThe United States Restricts Trade with Russia
John C. Fusco; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 14, 2014, previously published on April 10, 2014
In response to the ongoing crisis in the Ukraine, the United States has imposed various trade sanctions, export license restrictions, asset freezes and visa restrictions against designated persons and industry groups, including high ranking Russian and Ukrainian officials. Throughout the month of...

 

HTMLU.S. House of Representatives Passes Bill to Redefine Full-Time Employee Under the Affordable Care Act
Lori A. Basilico; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 14, 2014, previously published on April 2014
Last week, the United States House of Representatives passed a bill that would change the definition of a full-time employee for purposes of the employer mandate in the Patient Protection and Affordable Care Act (the “ACA”).

 

HTMLCourt Finds FTC Has Section 5 Unfairness Authority To Bring Enforcement Action Against Hotel Chain Victimized By Cyber Intrusion
Edward F. Glynn, Lisa S. Simmons; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 14, 2014, previously published on April 9, 2014
In a closely watched case of first impression, New Jersey federal judge Esther Salas has issued a ruling sustaining the FTC’s enforcement complaint alleging Wyndham Hotels Group violated both the deception and the unfairness prongs of Section 5(a) (15 U.S.C. § 45(a))* in connection with...

 

HTMLFrench Law Grants French Data Protection Authority New Powers to Conduct Remote Inspections Online
Jane Elphick, Sarah Pearce; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 8, 2014, previously published on April 3, 2014
A new French consumer law (No. 2014-344), passed on March 17, 2014 has granted the French Data Protection Authority (Commission Nationale de l’Information et des Libertés (CNIL)) the ability to conduct remote inspections online.

 

HTMLFCC Adopts Rule Limiting Joint Retransmission Consent Negotiations; Initiates Further Rulemaking on Repeal of Cable Blackout Rules
Seth A. Davidson, Craig A. Gilley, Arthur H. Harding; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 8, 2014, previously published on April 2014
On Monday, March 31, 2014, the Federal Communications Commission (FCC) voted unanimously to amend its “good faith negotiation” rules to prohibit the joint negotiation of retransmission consent by two or more stations that are among the four most highly rated stations in a market and are...

 

HTMLSenate Approves Bill to Extend "Doc Fix" and Delay ICD-10
Leslie J. Levinson, Michaela ("Kayla") Tabela; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 2, 2014, previously published on April 2014
On March 31, 2014, the Senate passed legislation to extend the current Medicare physician pay rates by 12 months. The approval came just in time to avoid the scheduled 24 percent cut under Medicare’s Sustainable Growth Rate (“SGR”) formula. Congress has not been able to...

 


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