Page 40 - Client Alert News Today

To embed, copy and paste the code into your website or blog: On March 29, 2021, the Japan Fair Trade Commission ("JFTC") and Ministry of Economy, Trade and Industry ("METI") issued Guidelines for Business Collaboration with Startups ("Guidelines") for the purpose of promoting open innovation and ensuring fair and free competitive environments. 1 The Guidelines are expected to further improve Japan’s competitiveness by fostering and utilizing human resources with challenging spirits, especial...

To embed, copy and paste the code into your website or blog: Today, we issued a Client Alert summarizing the White House Climate Change Summit from last week.  We are replicating it below for the benefit of our blog readers. President Biden hosted the Leaders Summit on Climate (Climate Summit) on 22-23 April. The Climate Summit is a next step in the President’s plan to employ a “whole of government” approach to combat climate change. The Climate Summit, which was attended by 40 world l...

To embed, copy and paste the code into your website or blog: Following the enactment of the Anti-Money Laundering Act of 2020 (AMLA), which encompasses the Corporate Transparency Act (CTA), the Financial Crimes Enforcement Network (FinCEN) published an Advance Notice of Proposed Rulemaking (ANPR) on April 5, 2021, to implement Section 6403 of the CTA, relating to beneficial ownership reporting. In the ANPR, FinCEN solicits comment within 30 days on 48 questions that cover, among other topics, r...

To embed, copy and paste the code into your website or blog: On March 25, 2021, the United States imposed sanctions on Myanma Economic Holdings Public Company Limited ("MEHL") and Myanmar Economic Corporation Limited ("MEC"), Burmas two largest military conglomerates. 1 On the same day, the United Kingdom announced sanctions on MEHL. On April 8, the United States imposed sanctions on Myanma Gems Enterprise ("MGE"), a Burmese state-owned entity responsible for all gemstone activities in Burma, 2...

To embed, copy and paste the code into your website or blog: The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships and numerous other economic development initiatives, was signed into law by Governor Phil Murphy on January 7, 2021.   This Client Alert focuses on the Personal Protective Equipment (PPE) Manufacturing Tax Credit Program,...

To embed, copy and paste the code into your website or blog: The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and numerous other economic development initiatives, was signed into law by Governor Phil Murphy on January 7, 2021. This Client Alert focuses on the Food Desert Relief Program, enacted as part of the ERA legislation to a...

To embed, copy and paste the code into your website or blog: In March, we reported on a new law enacted in New York at the end of last year, Senate Bill 5470-B that imposes certain Truth-in-Lending Act modeled disclosure obligations on those making or brokering certain commercial loans of $500,000 or less. We also reported on the existing New York Licensed Lenders Law that imposes a licensing obligation to make commercial loans of $50,000 or less with an annual interest rate in excess of 16 per...

To embed, copy and paste the code into your website or blog: There’s been a non-stop bombardment of recent export amendments involving China and other “countries of concern” within the last six months. The main driver behind these has been the U.S. Government’s concern about the Chinese national strategy of “military-civil fusion” – using civilian companies to help support Chinese military and intelligence activities. It is believed that U.S. companies that have historically sold ...

To print this article, all you need is to be registered or login on Mondaq.com. The IRS recently issued Notice 2021-15 to provide guidance on certain provisions of the Consolidated Appropriations Act of 2020 (the "CAA") affecting the administration of flexible spending accounts ("FSAs").  The CAA changes are intended to address the reality that many participants were not able to incur a sufficient amount of health care or dependent care expenses in 2020 to zero out thei...

To embed, copy and paste the code into your website or blog: The IRS recently issued Notice 2021-15 to provide guidance on certain provisions of the Consolidated Appropriations Act of 2020 (the "CAA") affecting the administration of flexible spending accounts ("FSAs").  The CAA changes are intended to address the reality that many participants were not able to incur a sufficient amount of health care or dependent care expenses in 2020 to zero out their FSAs by the end of the 2020 plan year, an...