Monthly Archives: September 2011

Nonprofit Laws: IRS Exemption, Social Media Policies, Contracts, L3Cs, Marketing, and More

For your reference, a roundup of recent updates on legal issues (and challenges) facing nonprofit organizations, from lawyers and law firms on JD Supra: New Guidance for Nonprofits Regarding Social Media Policies and Punishment (Venable LLP): “… rapidly developing law in the area of disciplining employees for voicing workplace gripes in social media such as… Read more »

Human Trafficking & Slavery Law Comes to California Business

“Although the law does not require companies to take specific actions other than the disclosures, companies affected by the law should see this as an opportunity to actually take steps to make their supply chains free of slave labor or human trafficking…” We’re watching with interest law firm coverage of The California Transparency in Supply… Read more »

Doing Business in China: M&A Security Review, Competitive Influence, Counterfeits, Info Protection, and More

For your reference, a roundup of recent China-related business updates and legal commentary, including analysis of two important sets of rules issued earlier this month by the Chinese Ministry of Commerce. From lawyers and law firms on JD Supra: Provisions on the Implementation of the Security Review System for Mergers and Acquisitions of Domestic Enterprises… Read more »

Children’s Online Privacy Protection Act: FTC Proposes COPPA Rule Revisions

On September 15, the Federal Trade Commission proposed several important revisions to the Children’s Online Privacy Protection Act Rule, which requires operators of websites and online services to obtain parental consent before collecting personal information from children under the age of 13. Here’s a first look at what you need to know about the proposed… Read more »

Dodd-Frank Update: FDIC Final Rule for “Living Wills”

On September 13, the Federal Deposit Insurance Corporation approved its final rule requiring banks and other financial institutions to file “living wills:” road maps for rapidly liquidating the institutions in the event of severe financial distress. For your reference, a roundup of legal commentary and analysis regarding the rule, from leading law firms on JD… Read more »

Employee Cell Phones: IRS Issues Tax Guidance

Employers and employees across the country breathed a collective sigh of relief last week when the Internal Revenue Service released Notice 2011-72, reversing its position on the tax treatment of employer-provided cell phones:  On September 14, 2011, the Internal Revenue Service (IRS) issued guidance indicating that employers can provide cell phones and similar telecommunications equipment… Read more »

3 International Law Updates from the Department of “What Were They Thinking?”

For your weekend reading pleasure, this just on from the International Department of “What Were They Thinking?” -» – Telecom Executive Sentenced to 4 Years in Prison for Violations of the Foreign Corrupt Practices Act (Morrison & Foerster): “Last Wednesday, a United States District Court judge in the Southern District of Florida sentenced the former… Read more »

Doing Business in China: A Legal Reading List – Sept 2011

For your reference, a roundup of recent China-focused business updates from lawyers and law firms on JD Supra: Conducting Clinical Trials in China Requires Compliance at Home and Abroad (Snell & Wilmer L.L.P.): “China has been home to more than 1,800 clinical trials of pharmaceuticals intended for U.S. use. With its large and growing English-speaking population,… Read more »

Global Compliance and FCPA: 20 Ideas from Thomas Fox for Playing by the Rules

Today’s post brings together some of the collected writings of Foreign Corrupt Practices Act attorney Thomas Fox, who provides regular updates on a wide variety of global compliance topics aimed at businesses seeking to operate profitably, legally and ethically around the world:  1. Whatever business you are in, the requirement is for you to understand… Read more »

Data Breach! Who’s Liable? What Next? (A Tech Law Reader)

“In case you haven’t heard, the days of having no obligation to notify consumers of a data breach or loss that involves only email addresses may have ended. This should be a major wakeup call for every CIO…” Your company’s data is in the cloud – including vital employee, investor, and customer information – and… Read more »

Religion in the Workplace: More Than Just Faith in the System

From Small Business Support: “…it is not necessary to get into theological debates when asked for a religious accommodation. This is the case even if the employee’s belief seems ‘ridiculous’ to the employer.” For your reference, here are a handful recent law firm updates covering the myriad issues around religious… Keep the faith – read… Read more »

Credit Crunch Digest – by Sedgwick

All kinds of interesting from law firm Sedgwick:“This issue focuses on recent significant developments in the New York Attorney General’s challenge to the Bank of America/Countrywide settlement; the Wachovia Bondholders settlement; AIG’s lawsuit against Bank of America for mortgage securities losses; updates on recovery efforts in the Madoff Ponzi scheme; and the status of financial… Read more »