News, Insights & Events
Many of the attorneys in the Law Firm Alliance author articles and thought leadership pieces on important topics and trends covering a wide variety of practices.
While these articles are correct on matters of law when they are produced, verdicts, rulings, legislation and other actions may affect the applicability of some of the information. Please consult your legal advisor before making decisions on the information you read here.
Articles
What Tax-Exempt Entities with No Million-Dollar-Plus Employees Should Know About Section 4960 Excise Taxes
April 17, 2019
Sharon Freilich, Pullman & Comley
The Tax Cuts and Jobs Act of 2017 added several new provisions to the Internal Revenue Code (the “Code”) which impose new excise taxes on tax-exempt entities. One of these new provisions is Code Section 4960, Tax on Excess Tax-Exempt Executive Compensation.
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Your Opinion Matters: Submit Comments to a Newly Proposed Federal Overtime Rule
April 14, 2019
Emily Green - KRCL - Under the Fair Labor Standards Act (FLSA), employees must receive at least time and one-half their regular pay rate for all hours worked over 40 in a workweek unless an exemption applies. For an exemption to apply, an employee’s specific job duties and salary must meet certain minimum requirements under the FLSA.
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Proceed with Caution! Understanding Ipso Facto Clauses In Bankruptcy
April 11, 2019
Paul Hammer - KRCL - The phrase ipso facto is Latin for “by the fact itself.” Ipso facto clauses are sometimes included in lease and purchase contracts, and they assert that if the lessee or purchaser becomes insolvent, or files for bankruptcy protection, then the contract has been breached. In other words, under such a clause the very act of filing for bankruptcy protection constitutes a breach of contract that absolves the other party of any further contract obligations.
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New York Amends Law Regarding Employee Paid Time Off to Vote
Labor and Employment Law
Theresa E. Rusnak, Bond, Schoeneck & King
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What! My Flood Policy Doesn’t Cover Flood Damage?!
April 4, 2019
This, and Other Pitfalls of NFIP Flood Insurance Policies
Michael J. Parrish,
Ward and Smith, P.A.
Congress created the National Flood Insurance Program (the "NFIP") to help make flood insurance more affordable in higher-risk areas.
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Brexit - Check up your REACH Compliance!
April 4, 2019
Dr. Markus Wintterle
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Navigating The Crucial Initial Days Of A Chapter 11 Filing – First Day Motions
April 4, 2019
Paul Hammer - KRCL - The initial stage of a Chapter 11 filing is the most crucial and debtors must be ready for the tactics of aggressive creditors and stakeholders jockeying for priority in the restructuring proceedings. As part of this phase, “first day motions” are typically filed on the first day of a case.
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Weathering the Weather: Severe Weather Events and the Housing Market
April 3, 2019
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Decoding the Petroleum Marketing Practices Act (PMPA) as It Pertains to Bankruptcy
March 28, 2019
Paul Hammer - KRCL - A gasoline retailer defaults on its obligations under an ongoing Franchise Agreement that it has with a brand name in the oil & gas industry. What steps are available to the franchisor to protect its economic interests in that particular station or station(s)?
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GDPR Basics for Mortgage Professionals
March 27, 2019
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New York's Highest Court Upholds "13 Hour Rule" for Home Health Aides Working 24-Hour Shifts
Labor and Employment Law
Michael D. Billok and Mary E. Aldridge, Bond, Schoeneck & King
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Virginia Caps Supplier Liability in Major IT Procurement Contracts
March 27, 2019
Bobby N. Turnage, Jr. ,
Sands Anderson PC
Sands Anderson Cybersecurity & Technology Team Leader Bobby Turnage writes on a new Virginia law that will affect major information technology supplier procurement contracts.
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