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HTMLDepartment of Labor Issues Final Rule Revising Sex Discrimination Guidelines for Federal Contractors
Johnine P. Barnes; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 17, 2016
On June 14, the U.S. Department of Labor (DOL) issued the final rule updating the Office of Federal Contractor Compliance Program’s regulations prohibiting discrimination on the basis of sex. The updated regulations prohibit federal contractors with contracts or subcontracts totaling $10,000...

 

HTMLSupreme Court Upholds Implied Certification Theory
Felicia V. Manno, Mark L. Mattioli; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 20, 2016
On June 16 the Supreme Court of the United States issued a unanimous decision upholding a variation of the “implied certification” theory often used by Relators, especially in healthcare cases, as the basis for a False Claims Act (FCA) claim. Under an implied certification theory, the...

 

HTMLEU Network and Information Security Directive Expected to Enter into Force August 2016: Will Your EU Operations be Affected?
Ian C. Ballon, Viola Bensinger, Luke Dixon, Françoise Gilbert, Lori S. Nugent; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 20, 2016
The European Parliament is expected to adopt the Network and Information Security Directive (the NIS Directive) during its plenary session in early July, following which the NIS Directive should enter into force August 2016. Each EU Member State (Member State) will then have 21 months to implement...

 

HTMLBrexit: The UK Votes to Leave the European Union
Naomi Feinstein, Graham Iversen, Lisa Navarro, Cate Sharp, Gillian Sproul; Greenberg Traurig Maher LLP;
Legal Alert/Article
July 7, 2016, previously published on June 24, 2016
The UK voted yesterday to leave the European Union. The timetable for the UK’s exit, the terms of exit, and the UK’s post-exit relationship with the European Union (EU), are still to be determined, which will take time. Until these issues are clarified, firms with a UK presence, or UK...

 

HTMLA Decent Proposal to Reform the Tax Treatment of Derivatives?
John Kaufmann; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 10, 2016
At the American Bar Association midyear meeting in January of this year, two panelists who spoke about the straddle rules contained in Internal Revenue Code (Code) section 1092 were asked what they expected would happen to the straddle rules over the subsequent 10 years. One panelist said that she...

 

HTMLFinCEN Proposes New Rule to End North Korea’s Access to U.S. Financial System
Kara M. Bombach, Elana Broitman, Carl A. Fornaris; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 20, 2016
In the wake of North Korea’s nuclear tests that violated United Nations (UN) sanctions, on June 1, 2016, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) released a Notice of Finding that concludes that the Democratic People’s Republic of Korea (DPRK or...

 

HTMLThe 11th Circuit Finds the SEC’s Claim for Disgorgement Time-Barred, Thereby Creating a Circuit Split
David A. Coulson, Robert A. Horowitz, Jared R. Kessler; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 10, 2016
Creating a split with the United States Courts of Appeals for the D.C. Circuit, the 11th Circuit Court of Appeals recently determined that the five-year limitations period applicable to SEC enforcement actions bars not only civil monetary penalties, but also declaratory relief and disgorgement. See...

 

HTMLNew Rules Concerning the Correction of Errors in Assessment of Real Property Taxes Will Go Into Effect in NYC
Glenn Newman; Greenberg Traurig, LLP;
Legal Alert/Article
July 7, 2016, previously published on June 14, 2016
On June 16, 2016, new Rules issued by the New York City Department of Finance (the Department) regarding the correction of errors concerning the assessment of real property taxes go into effect. Title 19 of the Rules of the City of New York was amended to add a new Chapter 53 authorizing the...

 

HTMLVirginia Letter Ruling Finds Nexus Based on Employee Working From Home
Burt Bruton, C. Stephen Davis, G. Michelle Ferreira, William H. Gorrod, Courtney A. Hopley; Greenberg Traurig, LLP;
Legal Alert/Article
June 14, 2016, previously published on June 3, 2016
The Virginia Department of Taxation recently issued a letter ruling which determined that an employee working from home within the state creates corporate income tax nexus.

 

HTMLView from Israel: A Guide to Understanding Anti-Assignment Clauses
Aaron R. Katz; Greenberg Traurig, LLP;
Legal Alert/Article
June 14, 2016, previously published on June 2, 2016
With the increasing trend of globalization in the business world, Israeli companies and investors are commonly entering into agreements with U.S.-based entities. One of the most frequently found clauses in U.S. commercial agreements is an anti-assignment provision that prevents either or both of...

 


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