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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 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.

 

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).

 

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.

 

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.

 

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 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").

 

HTMLSpotlight on Alabama: State and Local Tax Developments in 2008
Baker, Donelson, Bearman, Caldwell & Berkowitz, PC;
Legal Alert/Article
December 22, 2008, previously published on November 21, 2008
There have been several important Alabama legislative, administrative and legal developments that individuals and businesses should note.

 

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.

 

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.

 


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