In This Issue: - BILL AMENDMENT OF THE GAMBLING ACT PASSED SECOND TEST SUCCESSFULLY by Nadya Hambach and Parvan Rusinov (Velchev & Co.): On December 12th, a Bill amending and liberalizing the Gambling Act (“Bill”) successfully passed second...
Developments in technology have revolutionised the way in which business is conducted. The increasing use of cloud services, mobile devices and social media have led to a dramatic rise in the volume of day-to-day business communication. The quantity...
As we previously reported, FERC hosted a workshop December 11 on filing reactive power rate schedules for which there is no compensation. The clear message to FERC from the industry panelists was: "Slow down the train, there are a wide variety of...
On December 6, 2013, Frank Peake, former president of Sea Star Line LLC, was sentenced to five years in prison and ordered to pay a $25,000 fine for his role in fixing prices for rates and surcharges for freight transportation in coastal waters...
On January 6, New Jersey employers must begin complying with new posting and notice requirements under the New Jersey Equal Pay Act. On December 11, the New Jersey Department of Labor and Workforce Development (NJDOL) released the new mandatory...
The U.S. government, through a brief submitted by the Solicitor General, is urging the U.S. Supreme Court to consider clarifying when a plaintiff may state a claim against plan fiduciaries for the continued holding of employer securities in a plan....
The Dodd-Frank Act requires or authorizes various federal agencies to issue hundreds of rules to implement reforms intended to strengthen the financial services industry. As amended by Public Law No. 112-10, the act also mandates that the Government...
On November 27, the U.S. Court of Appeals for the Sixth Circuit held that HUD’s supplemental ten factor test for determining whether RESPA’s affiliated business arrangements safe harbor applies is not entitled to deference or persuasive weight, and...
On December 5, 2013, the Internal Revenue Service (“IRS”) finalized temporary regulations and issued new proposed regulations under Section 871(m), the Internal Revenue Code provision that treats “dividend equivalents” paid under securities lending...
Copyright - ..Court of Appeal Confirms High Court Decision and Finds no Copyright Infringement in Software With Same Functionality: In SAS Institute Inc v World Programming Ltd [2013] EWCA Civ 1482 (21 November 2013), the Court of Appeal of...
