On April 1, 2021, the Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) published an advance notice of proposed rulemaking giving companies and individuals the chance to comment on the new beneficial ownership disclosure requirements contained in the recently-enacted Corporate Transparency Act (“CTA”), which is part of the Anti-Money Laundering Act of 2020 (“AMLA”) included in […]
An article by Vince Farhat titled “Cyber Attacks: Prevention and Proactive Responses” was published by Practical Law in May 2017. It was updated and republished by Practical Law in March 2021.
The March 2020 Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) created enormous incentives for companies to apply for economic stimulus funding and grants to alleviate the devastating economic impacts from the worldwide pandemic. Until recently, the U.S. Department of Justice (“DOJ”) focused mainly on filing criminal actions against individuals who allegedly committed fraud […]
An article by Stan Gibson and Samuel Buchman titled “How to Safeguard AI Technology: Patents versus Trade Secrets” was published by IPWatchdog on February 25, 2021.
Changes in administrations often bring changes in law enforcement priorities. Whereas fines and prosecutions of white collar offenses declined under the previous administration, we can expect increased white collar enforcement under the Biden administration as new federal anti-money laundering laws take effect and new leadership is installed at the U.S. Department of Justice and other […]
In a decision published on April 27, 2020, the United States Patent and Trademark Office determined that only a human can be considered an inventor. So, who owns the patent when artificial intelligence makes the invention? What are the practical and logistical complications inherent in artificial intelligence-created inventions? With technology advancing faster than the legal […]
On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (“2021 Act”), which contains the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“Economic Aid Act”). The acts contain changes to the Paycheck Protection Program (“PPP”) that are intended to limit assistance to small businesses that need the financial support. The […]
As President-elect Joe Biden prepares to take office in January, employers across the nation are best advised to prepare for the likely changes coming under his administration. Biden himself made that very clear on the campaign trail when he pledged to “check the abuse of corporate power over labor” and to “hold corporate executives personally […]
Assembly Bill 5 (AB 5), California’s statute governing the classification of independent contractors, underwent fundamental changes on September 4, 2020 when AB 2257 became law. The new exemptions and revisions apply to exemptions for business-to-business relationships, referral agencies, professional services, performance artists, and other classifications. AB 5 codified the rigid “ABC” test for determining whether […]
Several new pieces of California legislation have either recently gone into effect or will take effect on January 1, 2021, impacting nearly all employers and how they handle COVID-19 related issues, leaves of absence, workers’ classification, discrimination disputes, arbitration agreements, union relations, and other miscellaneous issues. Our round-up will help you determine which key issues […]