On May 29, 2020, President Donald Trump issued a proclamation to block certain Chinese nationals associated with entities in China that implement or support China’s “military-civil fusion strategy”1 from entering the United States on F or J visas. The proclamation become effective June 1, 2020, at Continue Reading
Benefit Plan Deadlines Extended, Enforcement Standards Relaxed by DOL and IRS During Pandemic
The U.S. Department of Labor’s Employee Benefits Security Administration and the IRS recently issued the following coordinated guidance providing additional relief to employee benefit plan sponsors, fiduciaries, participants, and beneficiaries navigating the challenges of complying with Continue Reading
The Delaware Court of Chancery Finds Negotiated Settlement with CEO a Proper Exercise of Business Judgment
The Court of Chancery’s ruling in Lululemon is the most recent example of the Delaware courts’ deference to a board of directors’ business judgment. The plaintiff’s rush to file suit resulted in numerous pleading deficiencies, which the disgruntled shareholder was ultimately unable to overcome. Continue Reading
SBA Issues Interim Final Rules on PPP Loan Forgiveness Requirements, Loan Review Procedures
On May 22, 2020, the U.S. Small Business Administration (“SBA”) released two Interim Final Rules (“IFRs”) providing additional guidance on Payment Protection Program (“PPP”) loan forgiveness rules and the procedure by which PPP Loan Forgiveness Applications (“Loan Forgiveness Applications”) will be Continue Reading
Venture Capital & Emerging Growth Companies May 2020 Highlights
While the world around us is shifting minute by minute and people and businesses are facing unthinkable challenges, we are steadfast in our commitment to you and your success. Keeping clients informed on matters important to their operations. The BE-10 Benchmark Survey of U.S. Direct Investment Continue Reading
Voluntary Disclosures and the SEC’s Public Statement Regarding the Importance of Disclosure for Our Municipal Markets
On May 4, 2020, the U.S. Securities and Exchange Commission (the “SEC”) released a public statement from Chairman Jay Clayton and Rebecca Olsen, Director of the SEC’s Office of Municipal Securities (“OMS”), titled, “The Importance of Disclosure for our Municipal Markets,” wherein they encouraged Continue Reading
Mandatory Deadline to File BE-10 Benchmark Survey is May 29
The BE-10 Benchmark Survey of U.S. Direct Investment Abroad is a mandatory survey conducted once every five years by the Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce to obtain current economic data on direct foreign investments by U.S. persons or businesses (U.S. Reporters). Continue Reading
True Colors Shining Through: Update on Protection for Product Packaging
Brands have long struggled to protect product and packaging designs from competitors and copycats seeking to trade on their looks. But even after committing significant resources to creating a design that will resonate with the public, companies may find it hard to convince the U.S. Patent and Continue Reading
COVID-19 Labor & Employment Frequently Asked Questions
As the COVID-19 pandemic expands, disrupting lives of everyone around the globe, employers should keep a few guiding principles in mind. Keep up with and follow the best public health advice available. The Centers for Disease Control and Prevention (CDC) has guidance for businesses here; state Continue Reading
SBA Provides Answers to PPP Loan Forgiveness in Newly Released Forgiveness Application
The Paycheck Protection Program (“PPP”) has provided more than half a trillion dollars in potentially forgivable loans to small businesses trying to weather the medical and economic storm caused by the COVID-19 pandemic and the efforts to control and contain it. As a part of the CARES Act, the PPP Continue Reading