Most Popular Corporate Law Posts – Feb 2012

For your reading pleasure, here’s a roundup of the most-read Corporate Law posts over the past month: human trafficking, HIPAA compliance, FATCA regulations, fracking, conflict minerals and more. 

1. California Transparency in Supply Chains Act Takes Effect January 1, 2012

“The California Transparency in Supply Chains Act of 2010 goes into effect on January 1, 2012. For retailers and manufacturers doing business in the state of California bringing in more than $100 million in annual gross receipts, that’s the date they must begin report on their efforts to eliminate slavery and human trafficking from their supply chains. For your reference, a Transparency in Supply Chains Act FAQ, from lawyers and law firms on JD Supra.” Read the post»

2. HIPAA Compliance: 6 Audit Questions (and Answers) for Covered Entities

“Late last year, members of the Senate Judiciary Committee challenged regulators to step up enforcement of the Health Insurance Portability and Accountability Act. Accordingly, the OCR has begun to audit organizations that are required to comply with HIPAA Rules. For your reference, here are six questions and answers regarding the 150 audits they are planning for 2012.” Read the post»

3. 5 Takeaways from New IRS FATCA Guidance

“On February 8, 2012, the Internal Revenue Service issued its long-awaited proposed regulations for implementing the Foreign Account Tax Compliance Act (FATCA). The new rules lay out a step-by-step process for US account identification, information reporting, and withholding requirements for non-US financial institutions and other foreign entities. For your reference, five takeaways from the proposed FATCA regulations.” Read the post»

4. International Labor: Legal Guide to Employing Workers Around the World

“According to the Organisation for Economic Co-operation and Development (OECD), in 2010 US corporations invested more than $350 billion in foreign direct investment projects across the globe: buying factories, setting up businesses, establishing joint ventures. For companies considering their own international investment, here’s a roundup of updates on labor laws in some common destinations of US FDI.” Read the post»

5. Investment Advisers: 3 Takeaways from SEC Risk Alert on Social Media Use

“On January 4, 2012, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations issued a National Examination Risk Alert on the use of social media by registered investment advisers. Issued the very same day that the SEC charged an investment adviser with offering to sell more than $500 billion of fictitious securities via LinkedIn, the Alert warns advisers that their ‘use of social media must comply with various provisions of the federal securities laws, including, but not limited to, the antifraud provisions, compliance provisions, and recordkeeping provisions.’ For your reference, here are three takeaways from the SEC alert.” Read the post»

6. Conflict Minerals and the Dodd-Frank Act: Long-Distance Accountability?

“…the SEC has proposed a Dodd-Frank Act provision that requires public companies to ‘disclose if and how they are involved in the manufacture, mining, or final-end use of conflict minerals.’ For your reference, here’s what law firms and lawyers on JD Supra are writing about the Dodd-Frank Conflict Minerals provision.” Read the post»

7. Human Trafficking & Slavery Law Comes to California Business

“We’re watching with interest law firm coverage of The California Transparency in Supply Chains Act of 2010, which goes into effect at the end of the year and aims to bring accountability to businesses in California regarding the awful practice of human trafficking and slavery.” Read the post»

8. Pennsylvania Oil & Gas Act Amendments Target Fracking Operations

“We’re seeing interest in Pennsylvania’s Marcellus Shale bill, as recently enacted amendments to the state’s Oil and Gas Act are known. Designed to strengthen environmental protections, the legislation imposes additional reporting and operating burdens on natural gas producers in the state.” Read the post»

9. The Fracking Debate: Legal Perspectives on Hydraulic Fracturing

“… the Environmental Protection Agency released a draft study linking fracking, a controversial process of drilling for natural gas, to contaminated well water in Wyoming. It’s the first time the EPA has found any connection between the practice of hydraulic fracturing (aka ‘fracking’) and groundwater contamination, and the preliminary results of the study (which won’t be completed until 2014) are likely to add fuel to the ongoing debate over the regulation of natural gas drilling.” Read the post»

10. Anti-Bribery: Prosecutorial Misconduct, Private Suits, IRS Enforcement, China, Mexico, and Other Updates

“For your reference, a roundup of recent law firm commentary touching upon some of the issues central to the ongoing, global fight against bribery and corruption.” Read the post»

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