Regions

Information about shareholders will become accessible by the general public

After the information system of participants in legal entities (JADIS) started to operate in August 2014, data about participants in legal entities became accessible only by state institutions and authorities entitled to receive such information, as well as by persons, who have such a right prescribed by legal acts. After amendments to the Regulations of JADIS made by an order of the Minister of Justice of the Republic of Lithuania on 3 November 2014, starting from 1 January 2015 any natural persons and legal entities will have access to the following data:

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Employment Law Risk Management Series: How to say "you’re fired!" Avoiding Mistakes in Terminating Employees

This is the fourth in a series of “Avoiding Common Employment Mistakes” sessions designed to provide practical strategies to handle tough employment issues, including advice and solutions for real-life compliance issues.

Faced with aggressive governmental agencies and increasingly knowledgeable employees, employers must be prepared with effective offensive and defensive strategies for addressing employment-related issues.

In this session, we will discuss:

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Warburg confirms independence

My daily walks between station and office take me past the Warburg Institute, housed in a drab 1950s building in Woburn Square.  My knowledge of the Institute was until now limited to a vague recollection that the disgraced art historian and Soviet spy Sir Anthony Blunt had the title of Warburg Institute Professor. I could not find that on the Institute’s website, but perhaps it would prefer to be known for other things.  That should now be helped, at least in the English legal world, by the judgment in University of London v John Prag and HM Attorney General [2014] EWHC 3564 (Ch).

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Open the Throttle: Dominate Your Marketplace (Richik Sarkar)

McDonald Hopkins attorney Richik Sarkar will be a presenter for the Ohio Bankers League’s Annual Meeting and Professional Development Event “Open the Throttle: Dominate Your Marketplace.”

Data breaches have come thick and fast this year, with retailers scrambling to secure customer information and the banking industry left to pick up the pieces.

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Sanctions and Bribery, Oh My! (Armstrong and Edquist)

The Presentation

Do you really know what the Foreign Corrupt Practices Act (“FCPA”) means to you and your international business? This is your chance to come and learn:

  • Common sense tips on how to mitigate the inherent risks presented by business gifts and entertainment,
  • Five key points all companies should know about the FCPA, and
  • How to identify red flags of third-party corruption.
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Non-specific Testimony Regarding “Typical” Hours Cannot Sustain a Claim for Unpaid Overtime

In Holaway v. Stratasys, Inc., the plaintiff was employed as a field service engineer and classified as exempt from the FLSA’s overtime requirements.  Based on that classification, the plaintiff’s employer did not keep records of his hours worked.

After being discharged, the plaintiff filed lawsuit in the U.S. District Court for the District of Minnesota claiming he was non-exempt, seeking overtime wages and alleging that he worked sixty hours per week every week of his employment.  The District Court concluded that the plaintiff failed to produce sufficient evidence to show he worked more than forty hours per week, and granted the employer’s motion for summary judgment.

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Higher Minimum Wages Win at the Polls

By Nancy L. Gunzenhauser

Election Day 2014 proved to be a big win for employees who earn minimum wage.  Several states and cites approved measures to increase the minimum wage.  The city of Oakland, CA established its first ever minimum wage at $12.25/hour, which will go into effect on March 2, 2015.  Over the past few years, many states and cities have passed legislation that will increase minimum wage based on inflation rates, as tied to the Consumer Price Index.  While some states have not yet announced the new minimum wage, they may still see increases in the new year (e.g. Colorado).  Below is a chart with the minimum wage increases that are currently set to begin in 2015.

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Criminal Conviction Affirmed By Ninth Circuit For Trade Secret Theft

Co-authored by Ted A. Gehring.

On November 5, 2014, the United States Court of Appeals for the Ninth Circuit, in an unpublished disposition, issued its opinion in U.S. v. Suibin Zhang. There, the Ninth Circuit upheld the criminal conviction of Suibin Zhang under 18 U.S.C. Section 1832 for the theft of Marvell Semiconductor Inc.’s trade secrets. According to an FBI release, Zhang was an employee of Netgear, Inc., and through that employment had access to Marvell’s secure extranet. According to the release:

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IRS Releases 2015 Income and Transfer Tax Adjustments

INFLATION-ADJUSTED THRESHOLD AND CEILING INCREASES

The Social Security Administration and the IRS have released their 2015 list of CPI-adjusted items that will affect individual income, payroll and transfer tax calculations for 2015. We have provided you with some of the key provisions in the following grids.

INCOME TAXS

Threshold amounts above which the top regular and alternative minimum tax (AMT) rates apply.

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Complimentary Webinar – A Year in Review: What’s New in the World of Trade Secrets and Non-Competes

To register for this webinar, please click here.

Please join us on Tuesday, December 16, 2014 at 1:00 p.m. EST as we review developments in 2014 and what employers should expect and prepare for in 2015.

During this one hour webinar, we will discuss:

  • Recent decisions regarding what constitutes adequate consideration for a non-compete
  • The trend toward criminal prosecution of trade secret theft, especially in the international context
  • Interesting decisions determining choice-of-law issues
  • New and pending state and federal legislation
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