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HTMLBankruptcy Court Holds that Private Label Credit Card Program is Not a Contract to Make a Loan or to Extend a Financial Accommodation and Thus May Be Assumed and Assigned Over the Credit Card Issuer's Objection
Richards, Layton & Finger, P.A.;
Legal Alert/Article
December 22, 2008, previously published on November 26, 2008
In a recent hearing to consider the sale of the Boscov's department store chain, the United States Bankruptcy Court for the District of Delaware held that Boscov's private label credit card program agreement was not a "contract to make a loan or extend a financial accommodation" and...

 

HTMLEFCA: How President-Elect Obama Might Change Labor Management Relations
John W. Polley; Faegre & Benson LLP;
Legal Alert/Article
December 22, 2008, previously published on November 11, 2008
The just-ended political campaigns have familiarized many voters with the fact that some candidates have promised to support a bill called the "Employee Free Choice Act," and that the bill would take away the right of working people to vote in private about whether they want to be...

 

Adobe PDFFederal Reserve of New York Establishes a Term Asset-Backed Securities Loan Facility to Boost Consumer Credit Markets
Gabriel Walvatne; Miles & Stockbridge P.C.;
Legal Alert/Article
December 22, 2008, previously published on November 2008
On November 25, 2008, the Federal Reserve Bank of New York announced the latest U.S. government-sponsored program to stimulate the credit markets: the creation of a Term Asset-Backed Securities Loan Facility (TALF).

 

HTMLEmployee Free Choice Act: What It Means and Why Non-Unionized Employers Should Care
Richard A. Ross, Karen G. Schanfield, Krista Hatcher; Fredrikson & Byron, P.A.;
Legal Alert/Article
December 22, 2008, previously published on November 2008
The Employee Free Choice Act (EFCA) is proposed national legislation that would overturn nearly 60 years of labor law by amending the National Labor Relations Act (Act) in several unprecedented ways.

 

Adobe PDFTreasury Department Releases Final Exon-Florio Regulations
Paul D. Ginsberg, David K. Lakhdhir, Toby S. Myerson, Robert B. Schumer, Richard S. Elliott; Paul, Weiss, Rifkind, Wharton & Garrison LLP;
Legal Alert/Article
December 22, 2008, previously published on November 26, 2008
On November 14, 2008, the Treasury Department issued in final form new regulations implementing the so-called "Exon-Florio Amendment" to the Defense Production Act of 1950 (50 U.S.C. app § 2170), as amended by the Foreign Investment and National Security Act of 2007 ("FINSA").

 

HTMLBusiness Transfers and Migrant Worker Sponsorship
Alex Denny, Christabel Oh; Faegre & Benson LLP;
Legal Alert/Article
December 22, 2008, previously published on November 27, 2008
Where there is a transfer of a business or part of a business from one organisation to another and there are sponsored migrant workers who are transferring with the business, the incoming employer will need a sponsor's licence when it takes over the business.

 

HTMLThe Move toward Mandatory Encryption of Sensitive Personal Information
Craig Komanecki; Faegre & Benson LLP;
Legal Alert/Article
December 22, 2008, previously published on November 13, 2008
One of your employees returns late from her lunch break with bad news. Her work-issued laptop was stolen from her car while she visited a local restaurant.

 

HTMLHo Ho Ho: IRS Says Holiday Gift Coupons are Taxable
Faegre & Benson LLP;
Legal Alert/Article
December 22, 2008, previously published on November 21, 2008
An IRS Technical Advice Memorandum released in 2004 concludes that certain employer-provided gift coupons are taxable income to the employees receiving them, and therefore need to be taken into account in computing income and FICA tax withholding.

 

HTMLLayoffs and Increased Scrutiny on Labor Certification Applications
Gregory P. Adams, Linda A. Ash, Susan A. Smith, Eliza A. Rechul-Stone, Douglas Halpert, Lindsay L. Chichester; Dinsmore & Shohl LLP;
Legal Alert/Article
December 22, 2008, previously published on November 26, 2008
U.S. employers interested in sponsoring foreign nationals for permanent resident (green card) status in the United States are often required first to obtain a labor certification approval from the U.S. Department of Labor (DOL).

 

Adobe PDFUK Pre-Budget Report 2008
Adam Ferguson Blakemore, Oliver Iliffe; Cadwalader, Wickersham & Taft LLP;
Legal Alert/Article
December 22, 2008, previously published on November 27, 2008
On Monday 24 November 2008, the Chancellor of the Exchequer delivered an anxiously awaited Pre-Budget Report which was dominated by commentary on the state of the UK economy and proposals to provide a fiscal stimulus through increased public spending and tax reductions.

 


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