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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.

 

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 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").

 

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.

 

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).

 

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.

 

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 PDFUpdate: Expiration of Shelf Registration Statements Begins December 1, 2008 - Filing Deadline November 28, 2008
Abigail Arms, Lisa L. Jacobs; Shearman & Sterling LLP;
Legal Alert/Article
December 21, 2008, previously published on November 25, 2008
As part of the 2005 Securities Offering Reform, the Securities and Exchange Commission (the "SEC") amended Rule 415 ("Rule 415") to provide that most shelf registration statements on Form S-3 filed under the Securities Act of 1933, as amended, expire after three years.

 

HTMLEmployers Beware: Change Is In the Air
Francine Wilkins Breckenridge; Strasburger & Price, LLP;
Legal Alert/Article
December 21, 2008, previously published on November 12, 2008
Now that the election dust has settled, employers need to gear up for potential major changes in labor and employment law.

 

Adobe PDFSEC Provides 2nd Year Observations on Executive Compensation Disclosure
Edward C. Normandin; Pryor Cashman LLP;
Legal Alert/Article
December 21, 2008, previously published on November 20, 2008
In 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.

 


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