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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.

 

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.

 

Adobe PDFNonprofit Organizations: Uniquely Positioned To Take Advantage of Immigration Benefits
Frida Popik Glucoft, Alexsondra S. Fixmer; Mitchell Silberberg & Knupp LLP;
Legal Alert/Article
December 22, 2008, previously published on November 2008
Nonprofit organizations are uniquely positioned to take advantage of immigration benefits which are not available to for-profit organizations.

 

HTMLMaterial Adverse Effect Clauses in the Wake of Hexion Specialty Chemicals, Inc. v. Huntsman Corporation
Matthew Kuhn, Jonathan L. H. Nygren; Faegre & Benson LLP;
Legal Alert/Article
December 22, 2008, previously published on November 11, 2008
Material adverse effect (MAE) clauses have become highly negotiated and detailed provisions in acquisition agreements.

 

HTMLDismissal Effective Once Dismissal Letter Read
Alex Denny, Christabel Oh; Faegre & Benson LLP;
Legal Alert/Article
December 22, 2008, previously published on November 27, 2008
The Employment Appeal Tribunal (EAT) held in Gisda CYF v Barratt UKEAT/0173/08/ZT that the effective date of termination of employment took place when the employee read the letter terminating her employment and not when the letter was received in the post.

 

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...

 

Adobe PDFDepartment of Labor Issues Final FMLA Regulations with a January 16, 2009 Effective Date
John D. Martini, Cher E. Wynkoop, William H. Nichols, Laurie S. DuChateau, Rachel Cutler Shim; Reed Smith LLP;
Legal Alert/Article
December 22, 2008, previously published on November 26, 2008
On Nov. 17, 2008, the Department of Labor ("DOL") published its final Family Medical Leave Act ("FMLA") regulations.

 

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).

 

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.

 

Adobe PDFDOL Issues Final Rule Implementing FMLA Amendments
Sandra J. McLelland; Miles & Stockbridge P.C.;
Legal Alert/Article
December 22, 2008, previously published on November 2008
On November 17, 2008, the Department of Labor (DOL) published its final rule to implement amendments to the Family and Medical Leave Act of 1993 (FMLA). The new regulations will become effective on January 16, 2009.

 


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