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HTMLSection 162(m): Actions that Should be Taken by March 30, 2016, and/or in this Year’s Proxy to Avoid the $1,000,000 Deduction Limitation
Michael R. Einig, Ian A. Herbert, Leslie A. Klein, Steven B. Lapidus, Mindy B. Leathe; Greenberg Traurig, LLP;
Legal Alert/Article
April 7, 2016, previously published on March 22, 2016
This GT Alert serves to remind our publicly held clients of things that need to be done early this year to minimize or avoid the application of the deduction limitations imposed by Section 162(m) of the Internal Revenue Code of 1986, as amended. The Alert also provides an overview of the basic...

 

HTMLRegulation of Bisphenol A (BPA) Will Soon Affect Consumer Products Distributed in California - Comments on Regulation due April 29, 2016
Anthony J. Cortez, Maria C. Garcia, Greg Sperla; Greenberg Traurig, LLP;
Legal Alert/Article
April 7, 2016, previously published on March 22, 2016
Despite positive reviews from the EPA and European Food Safety Authority, Bisphenol A (BPA), a synthetic compound used to line canned goods and other consumer products, was added to the Proposition 65 list on May 11, 2015, as a chemical known to cause reproductive toxicity. Effective May 11, 2016,...

 

HTMLU.S. Further Eases Restrictions on Cuba Travel and Financial Transactions
Kara M. Bombach, Cyril T. Brennan, Yosbel A. Ibarra, Sandra K. Jorgensen; Greenberg Traurig, LLP;
Legal Alert/Article
March 30, 2016, previously published on March 16, 2016
In its most recent move in a series of changes designed to increase engagement between the United States and Cuba, and in line with the Administration’s policy, on March 16, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the existing Cuban...

 

HTMLPrivate Rights of Action for Exempt Energy Transactions: the CFTC EEMAC Committee Meeting
Harris L. Kay, Gregory K. Lawrence; Greenberg Traurig, LLP;
Legal Alert/Article
March 22, 2016, previously published on February 29, 2016
On May 19, 2015, the United States Commodity Futures Trading Commission (CFTC) issued a proposed order exempting certain categories of Southwest Power Pool, Inc. (SPP) electric energy transactions from all but the antifraud and anti-manipulation provisions of the Commodity Exchange Act (CEA) (the...

 

HTMLDetails of EU-U.S. Privacy Shield Revealed - What Does the Future of Transatlantic Data Transfer Look Like?
Viola Bensinger, Françoise Gilbert; Greenberg Traurig Germany, LLP;
Legal Alert/Article
March 14, 2016, previously published on March 03, 2016
On Feb. 29, 2016, the EU Commission and the U.S. government published the long-awaited legal documentation that will put in place the new EU-U.S. Privacy Shield. Once enacted, the EU-U.S. Privacy Shield will replace the former Safe Harbor regime for the transfer of personal data from the EU1 to the...

 

HTMLNew NYSE Rule Requires Foreign Private Issuers to File Semi-Annual Unaudited Financial Information
Emilio J. Alvarez-Farré, Deryk Loiacono; Greenberg Traurig, LLP;
Legal Alert/Article
March 7, 2016, previously published on February 23, 2016
The New York Stock Exchange (NYSE) announced the adoption of a rule change (the Rule Change) to its Listed Company Manual (the Manual) that would affect listed foreign private issuers (FPIs).1 In adopting the Rule Change, the NYSE has narrowed the gap in reporting requirements that currently exists...

 

HTMLIn the ‘Shadow Wood’ of SFR: Nevada Supreme Court Weighs in on Lender HOA Challenges
Jacob D. Bundick, Sean A. Gordon, Jennifer L. Gray; Greenberg Traurig, LLP;
Legal Alert/Article
March 7, 2016, previously published on February 23, 2016
In a September 2014 ruling, the Nevada Supreme Court jolted the lending community by holding that a homeowners association’s (HOA) non-judicial foreclosure sale can extinguish a mortgage lender’s previously-recorded first deed of trust on a property if that foreclosure is to recover...

 

HTMLEU Lifts Majority of Belarus Sanctions
David Baron, Cyril T. Brennan, Marie-José van der Heijden; Greenberg Traurig, LLP;
Legal Alert/Article
March 3, 2016, previously published on February 19, 2016
On Feb. 15, 2016, European Union (EU) foreign ministers met in Brussels and agreed to permanently lift most EU sanctions against Belarus. The unanimous decision, effective March 1, 2016, will result in the termination of travel bans and asset freezes currently in place against 170 Belarusian...

 

HTMLFDA Issues Guidance for Blood Banks to Reduce Risk for Collection of Zika Infected Blood
Nancy E. Taylor; Greenberg Traurig, LLP;
Legal Alert/Article
March 3, 2016, previously published on February 19, 2016
On Feb. 16, 2016, the Food and Drug Administration issued guidance for blood banks with recommendations for donor screening, donor deferral, and product management to reduce the risk of transmission of the Zika virus through transfusion. The FDA issued this guidance because the risk of transmission...

 

HTMLGovernmental Regulations Do Not an Employee Make
Laurent Badoux; Greenberg Traurig, LLP;
Legal Alert/Article
March 2, 2016, previously published on February 25, 2016
The Seventh Circuit recently affirmed the district court’s decision in Callahan v. City of Chicago, 75 F. Supp. 3d 791 (N.D. Ill. 2015). Callahan, a taxi driver in Chicago, brought suit in district court against the city, pursuant to the Fair Labor Standards Act (FLSA), arguing that the...

 


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