On or before July 1, 2024, most California employers must establish a Workplace Violence Prevention Plan (WVPP) in addition to their Injury, Illness & Prevention Programs. Employers also need to provide training on their WVPP and keep prescribed records.
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NY Gov Signs Amended LLC Transparency Act
On March 1, 2024, New York Gov. Hochul signed into law chapter 102 of the laws of 2024, which is a chapter amendment1 to the New York LLC Transparency Act (NYLTA). The amended NYLTA will go into effect Jan.…
Effective April 1, California’s ‘Fast Act’ Covers More Than ‘Fast Food,’ Comes with Significant Implications
AB 1228, commonly referred to as the “Fast Act,” takes effect in California on April 1, 2024, and the consequences for non-compliance are serious.
Many affected companies have closely followed this legislation and planned for its impact. However, many are…
Setting the Standard: CFPB to Codify Attributes for Standard-Setters Before Finalizing Personal Financial Data Rights Rule
On March 13, at the Financial Data Exchange Global Summit, CFPB Director Rohit Chopra delivered a keynote address that focused on “the role of standard setters and standard-setting” as the CFPB pushes towards finalizing is its proposed Personal Financial Data…
INTERVIEW: Innovative concepts are a gamechanger in commercial transaction negotiations
The tidal wave of loan maturities expected in 2024 will put pressure on lenders and borrowers, which will spill over to the transactional sphere, putting pressure on buyers and sellers to come to weighed and balanced solutions. Without a true…
New Florida Bill Creates Customer Complaint and Florida Office of Financial Regulation Investigation Process for House Bill 3, and Potentially Broadens the Scope of Financial Institutions Subject to House Bill 3
On Mar. 8, 2024, the Florida Senate passed (35 YEAS / 3 NAYS) Florida House Bill No. 989 (HB 989 or the Bill), potentially amending section 655.0323, Florida Statutes, Titled, “Unsafe and unsound practices,” which was created by 2023 Florida House Bill…
April 2024 Visa Bulletin Updates for the EB-5 Category
On March 8, 2024, the U.S. Department of State (DOS) published the April 2024 Visa Bulletin. The April 2024 Visa Bulletin reflects no advances in final action dates for India and China. Specifically, the priority dates are as follows:…
Document Review Protocols for Mass Tort and Product Liability Cases
eDiscovery document review can be time-consuming and expensive for companies. Depending on the results of the review, it also can be helpful for internal investigation or litigation purposes. To minimize the burden and maximize the benefit of document review, a…
EU Artificial Intelligence Act – EU Parliament Adopts Groundbreaking Regulatory Framework
On 13 March 2024, the European Parliament adopted the AI Act. Since the EU Commission presented its first draft almost three years ago, the use of AI and general purpose AI models has increased significantly. Hence, the regulatory proposal was…
Quick Guide to Partnership Profits Interests
The issuance of a partnership profits interest is a tax-efficient tool for a partnership (including an LLC or other entity treated as a partnership for tax purposes) to incentivize its employees or other service providers. If structured properly, the grant…