The headlines are rampant: “Federal Trade Commission Bans Noncompetes”. But don’t tear up those agreements just yet. Staying informed about…
Advisories
Rules Requiring Privately Held Companies to Report Beneficial Ownership to the U.S. Government Go Into Effect January 1, 2024
Beginning in 2024, the Corporate Transparency Act (CTA) requires many U.S. and foreign LLCs, corporations, and other entities created or…
SEC Rules Changes and Amendments Impact Private Investors Especially at Private Equity and Hedge Funds
The Securities and Exchange Commission adopted new rules and amendments to the Advisers Act of 1940 on August 23, 2023,…
Sold! Borrowers Beware that Common Flaws in Asset Sales Covenants under Middle-Market Secured Leveraged Loan Facilities Could Result in Unexpected Defaults
Summary It is not unusual for a lender’s form of credit agreement for middle-market secured leveraged loan facilities with banks…
Proposed New York Law Would Require Public Disclosure of LLCs’ Beneficial Owners
Summary of the Proposed Bill On June 20, 2023, the New York Assembly passed the proposed New York State LLC…
New York Ban on Non-Compete Agreements Passes Legislature
A historic change in New York competition law is potentially on the horizon: entering into non-compete agreements may become unlawful.…
Fifth Circuit Enjoins U.S. DOL’s “80/20/30” Rule for Tip Credit Wages
On April 28, 2023, the U.S. Court of Appeals for the Fifth Circuit reversed a decision by the Western District…
Transitional Return-to-Work Programs After Parental Leave
Transitional Return-to-Work programs have been a part of the employment-law lexicon for decades. Traditionally, these programs have arisen in the…
Force Majeure – Ignore this Provision at Your Own Peril
Generally buried at the end of various types of real estate agreements (leases, purchase and sales agreements for real estate,…
New York City Pay Transparency Law to Take Effect November 1, 2022
In January 2022, New York City enacted legislation requiring all covered employers advertising jobs in (or that could be performed…