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|Bankruptcy 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.;
December 22, 2008, previously published on November 26, 2008In 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...
|EFCA: How President-Elect Obama Might Change Labor Management Relations|
John W. Polley; Faegre & Benson LLP;
December 22, 2008, previously published on November 11, 2008The 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...
|Ho Ho Ho: IRS Says Holiday Gift Coupons are Taxable|
Faegre & Benson LLP;
December 22, 2008, previously published on November 21, 2008An 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.
|Department 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;
December 22, 2008, previously published on November 26, 2008On Nov. 17, 2008, the Department of Labor ("DOL") published its final Family Medical Leave Act ("FMLA") regulations.
|UK Pre-Budget Report 2008|
Adam Ferguson Blakemore, Oliver Iliffe; Cadwalader, Wickersham & Taft LLP;
December 22, 2008, previously published on November 27, 2008On 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.
|New Family and Medical Leave Act Regulations Issued|
Anne M. Radolinski; Fredrikson & Byron, P.A.;
December 22, 2008, previously published on November 2008On November 14, 2008, the U.S. Department of Labor issued the long-awaited new Family and Medical Leave Act ("FMLA") regulations.
|New Acas Code on Disciplinary and Grievance Procedures|
Alex Denny, Christabel Oh; Faegre & Benson LLP;
December 22, 2008, previously published on November 27, 2008The revised Acas Code of Practice on Disciplinary and Grievance Procedures was published on 7 November 2008 and has been approved by the Secretary of State for Business, Enterprise and Regulatory Reform.
|DHS Tests Authority in Regulating Social Security No-Match Letters|
Rebecca L. Sigmund; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
December 21, 2008, previously published on November 25, 2008The Department of Homeland Security (DHS) published its final rule making employers accountable for resolving mismatched social security numbers of employees.
|SEC Provides 2nd Year Observations on Executive Compensation Disclosure|
Edward C. Normandin; Pryor Cashman LLP;
December 21, 2008, previously published on November 20, 2008In a recent speech, John W. White, Director of the SEC's Division of Corporation Finance, provided his second year observations on the adequacy of executive compensation disclosures by public companies.
|UK Employers' Liability Policy "Trigger" Litigation|
Richard Hopley; Edwards Angell Palmer & Dodge LLP;
December 21, 2008, previously published on November 2008On 21 November, Mr. Justice Burton handed down his long-awaited decision in the six test cases comprising the Employers' Liability Policy 'Trigger' Litigation.