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HTMLThe Apprenticeship Levy
Robert E. Collier-Wright, Naomi Feinstein, Russell D. Lamb; Greenberg Traurig, LLP;
Legal Alert/Article
December 21, 2016, previously published on December 19, 2016
The way apprenticeships are funded in the UK is changing as of Spring 2017. With this change, some employers will be required to contribute to a new apprenticeship levy and there will also be changes to the funding for apprenticeship training for all employers. The Apprenticeship Levy (the Levy)...

 

HTMLCouncil of Institutional Investors warns of “Zombie” Directors on Corporate Boards
Greenberg Traurig LLP;
Legal Alert/Article
December 21, 2016, previously published on December 19, 2016
The Council of Institutional Investors, or CII, released an advisory article on “zombie” directors on corporate boards. A zombie director is a director who failed to win majority support of shareholders in an annual election, regardless of the company’s vote requirement, but still...

 

HTMLIran Sanctions Extension Act Goes to President for Signature
Cyril T. Brennan, Sandra K. Jorgensen, Renee A. Latour; Greenberg Traurig, LLP;
Legal Alert/Article
December 21, 2016, previously published on December 6, 2016
On Dec. 1, 2016, the U.S. Senate voted 99 to 0 to extend the Iran Sanctions Act, which is set to expire at the end of 2016, maintaining the United States’ comprehensive sanctions against Iran for 10 more years. The vote sends the bill to President Obama, who is expected to sign it into law....

 

HTMLDivision of Corporation Finance Provides Guidance on Regulation S
Greenberg Traurig LLP;
Legal Alert/Article
December 21, 2016, previously published on December 19, 2016
On Dec. 8, 2016, the SEC Division of Corporation Finance issued six new CDIs applicable to Regulation S under the Securities Act, which provides a registration exemption for the issuance of securities in offshore transactions to persons other than “U.S. persons.” A U.S. person includes...

 

HTMLOSHA Gets a Green Light: Court Refuses to Stop OSHA from Enforcing its New Anti-Retaliation Standards
Michael G. Murphy, Adam Roseman; Greenberg Traurig, LLP;
Legal Alert/Article
December 21, 2016, previously published on December 2, 2016
On Nov. 28, 2016, the United States District Court for the Northern District of Texas declined to grant a nationwide preliminary injunction enjoining the Department of Labor (DOL) and the Occupational Safety and Health Administration (OSHA) from enforcing subparagraphs 1904.35(b)(1)(i), (iii), and...

 

HTMLThe Attorney-Client Privilege Post-Merger
Kenneth A. Gerasimovich, Sheran Sharafi; Greenberg Traurig, LLP;
Legal Alert/Article
December 21, 2016, previously published on December 5, 2016
Attorneys should keep in mind the importance of preserving the attorney-client privilege during the course of an M&A transaction and understand (and cause the client to understand) which communications regarding the transaction are protected by the attorney-client privilege and what actions may...

 

HTMLSEC Sanctions Demonstrate Broad Reach of Internal Controls and Books and Records Requirements
Greenberg Traurig LLP;
Legal Alert/Article
December 21, 2016, previously published on December 19, 2016
On Dec. 2, 2016, the SEC announced an agreement with a major airline to settle charges in connection with the company’s reinstatement of an unprofitable flight route to curry favor with a senior public official. The SEC alleged that the company violated Sections 13(b)(2)(A) and (B) of the...

 

HTMLOCC Consideration of Special Purpose Fintech Charters Draws Rapid Reaction from State Banking Regulators
Carl A. Fornaris, Gil Rudolph, Andrew S. Wein; Greenberg Traurig, LLP;
Legal Alert/Article
December 21, 2016, previously published on December 15, 2016
On Dec. 2, 2016, the Office of the Comptroller of the Currency (OCC) published a preliminary proposal to create a national bank charter for financial technology companies (fintech).1 The rationale in support of the proposal was that such a charter could promote the safety and soundness of fintech...

 

HTMLThe Potential for Unprecedented Use of the Congressional Review Act to Roll Back Obama Administration Rules
Charles F. Bass; Greenberg Traurig, LLP;
Legal Alert/Article
December 21, 2016, previously published on December 6, 2016
Much attention has been focused of late on the impact that the incoming president will have on President Obama’s executive orders and rulemaking relative to a great number of issues where the president determined that he could not work with the Republican Congress. President-elect Trump has...

 

HTMLDOJ and FTC’s Antitrust Division Issue Hiring and Compensation Guidance for Human Resource Professionals
James I. Serota; Greenberg Traurig, LLP;
Legal Alert/Article
December 21, 2016, previously published on December 5, 2016
On Oct. 20, 2016, the United States Department of Justice, Antitrust Division and the Federal Trade Commission issued antitrust guides for human resource professionals. The guides are intended to alert human resource professionals and others involved in hiring and compensation decisions to...

 


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