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HTMLNYSE and NASDAQ Compensation Committee Adviser Independence Rules Effective July 1, 2013
Ali D. Fawaz, Joshua M. Miller; Proskauer Rose LLP;
Legal Alert/Article
May 24, 2013, previously published on May 21, 2013
Publicly traded companies are reminded of the approaching deadline for compliance with certain of the SEC-approved final amendments of the NYSE and Nasdaq stock exchange listing rules governing compensation committee independence: By July 1, 2013, compensation committees must have the authority to...

 

HTMLHMRC Turns Up the Pressure on UK LLPs
James Anderson, Chris Hutley-Hurst; Skadden, Arps, Slate, Meagher & Flom (UK) LLP;
Legal Alert/Article
May 24, 2013, previously published on May 22, 2013
Following the announcement in Budget 2013, HM Revenue & Customs (HMRC) issued a consultation document on May 20, 2013 that focuses on two areas of partnership taxation where HMRC perceive “unintended inconsistencies”:

 

HTMLGuidance For Employers' Hurricane and Disaster Preparation
Duane Morris LLP;
Legal Alert/Article
May 23, 2013, previously published on May 22, 2013
With hurricane season approaching and in light of Hurricane Sandy and its aftermath last year, employers should be aware of employment laws that may be implicated in the event of a natural disaster. As a refresher on key areas for employers to consider should they be faced with such a circumstance,...

 

HTMLVarious Legal Issues May Arise in Implementing Wellness Programs
Manes M. Merrit, Barry L. Salkin; Olshan Frome Wolosky LLP;
Legal Alert/Article
May 23, 2013, previously published on May 20, 2013
In an effort to address the issue of rising health care costs, employers are focusing on wellness programs. This effort has been reinforced by the Affordable Care Act (the “Act”), which, effective January 1, 2014, not only codified the existing Health Insurance Portability and...

 

HTMLThe Stockton Saga Continues: Untouchable Pensions on the Chopping Block?
Barbara Altimus Shreero; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
May 23, 2013, previously published on May 21, 2013
Judge Christopher M. Klein's decision to accept the City of Stockton's petition for bankruptcy on April 1, 2013 set the stage for a battle over whether public workers' pensions can be reduced through municipal reorganization.

 

Adobe PDFPBGC Proposed Regulations: Reportable Events and Certain Other Notification Requirements
Amy L. Blackman, Donald P. Carleen, Stephanie Matko, Jeffrey Ross; Fried, Frank, Harris, Shriver & Jacobson LLP;
Legal Alert/Article
May 22, 2013, previously published on May 21, 2013
On April 3, 2013, the Pension Benefit Guaranty Corporation (the “PBGC”) issued proposed regulations (the “Proposed Rules”) to effect changes in the PBGC’s reportable event program which are expected to relieve more than 90% of plans and sponsors from many of the...

 

HTMLCFTC Mandatory Clearing Rules - June 10 Phase-in Date for Financial Entities
Joshua Cohn, Curtis A. Doty, Pamela J. Sackmann; Mayer Brown LLP;
Legal Alert/Article
May 22, 2013, previously published on May 16, 2013
The next milestone date in the Commodity Futures Trading Commission’s (“CFTC’s”) phase-in of mandatory clearing occurs on June 10, 2013, when so-called “Category 2 entities” must begin clearing swaps subject to the mandate. Securitization vehicles, insurers,...

 

HTMLNew Affordable Care Act Notice to Employees Must Be Provided by October 1, 2013
Jones Day;
Legal Alert/Article
May 22, 2013, previously published on May 2013
The Affordable Care Act provides employees who are not offered health coverage by their employers with the option of purchasing health coverage through new health insurance marketplaces (also known as health insurance exchanges) that will operate in every state. Even employees who are offered...

 

HTMLModel Notices Issued to Meet Affordable Care Act Requirements - Notices Must Be Issued By October 1, 2013
Lowenstein Sandler LLP;
Legal Alert/Article
May 21, 2013, previously published on May 17, 2013
On May 8, 2013, the U.S. Department of Labor (DOL) issued guidance and model forms to assist employers in fulfilling their obligations under the Affordable Care Act (ACA) to notify employees of the availability of health care exchanges. Notification is required by October 1, 2013. Model COBRA forms...

 

HTMLHealth Insurance Providers May Feel the Pinch of the Internal Revenue Code's New Sting
Cynthia J. Borrelli, Rania V. Sedhom; Bressler, Amery & Ross A Professional Corporation;
Legal Alert/Article
May 21, 2013, previously published on May 16, 2013
One unquestionable outcome of the Affordable Care Act is that next year health insurance companies will see increased revenues as a result of the growing population of individuals purchasing health insurance. To curtail executive pay directly correlated to these additional insureds, a new tax rule...

 


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