Monthly Archives: August 2012

Randall L. Sidlosca quoted in Fox Latino, Yahoo news, Univision Noticias articles on extending the EB-5 visa program as good way to spur the U.S. economy

Arnstein & Lehr Attorney Randall L. Sidlosca

Randall L. Sidlosca

Arnstein & Lehr Miami Partner Randall L. Sidlosca was quoted in two Spanish-speaking news sites on August 23, Yahoo news and Univision Noticias, regarding the EB5 visa program for foreign investors. The articles, titled “Experts ask for extension of visas that benefit LatAm businessmen,” discuss how the EB5 was created in 1990 and will expire on September 30; so far, the Senate has approved a new extension for another three years, however, it is not clear whether the House will vote on it. Mr. Sidlosca comments that the EB5 program is very popular among investors in Latin America, especially in Venezuela and Mexico, seeking a “safe” place for their investments. Fox News Latino has also picked up the EFE story and translated the article into English. Fox Latino has 829,467 unique visitors per month.

To read the article in full, please click here.

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Vanessa N. Cohn’s donation to Troop 222 offsets summer camp cost for 13 Boy Scouts

Arnstein & Lehr Attorney Vanessa Negron Cohn

Vanessa N. Cohn

A donation from Arnstein & Lehr Tampa Partner Vanessa N. Cohn has helped local Boy Scouts attend summer camp. Thirteen scouts from Tampa’s Troop 222 attended Camp Sidney Dew in the Appalachian foothills of northwest Georgia this summer. The eight-day camp supports the troop’s mission to teach life skills like leadership, first aid, physical fitness, camping, swimming, communication, citizenship, cooking and more. Part of the Gulf Ridge Council’s Tocobaga District, Troop 222 serves the South Tampa area. Scouts in Troop 222 have completed 5th grade and are at least 10 years old.

To learn more about the Gulf Ridge Council Boy Scouts, please click here.

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ILN Today Post

Interpretation of Dividends’ Taxation

The Ministry of Finance of the Russian Federation gave interpretation to the taxation of dividends paid in disproportion to the amount of participatory interest in the charter capital of the company (letter # 03-03-10/84 dated 30 July, 2012).

According to the ministry, in case the company’s net income is distributed in disproportion to the amount of participatory interest in the charter capital of the company, the respective payments are taxed differently: payments inproportion to the participatory interest of the participant are treated as dividends and are taxed as dividends at the standard rates set forth in article 284 of the Tax Code of Russian Federation. The payments exceeding suchproportion are not treated as dividends and are taxed at 20%. When holder of the participatory share is an individual, tax rate of 13% and 30% will be applied to tax residents and nonresidents respectively.

Clarifications on taxation of netprofit distribution in joint-stock companies were also given in the letter. The payment of dividends onpreferred shares with amount of dividend set forth in the charter is treated for taxation purposes exclusively as dividends.

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ILN Today Post

THE JOBS ACT EASES REGISTRATION REQUIREMENTS AND RESTRICTIONS

The Jumpstart Our Business Startups (JOBS) Act, which was signed by President Obama
on April 5, 2012, could significantly improve fundraising prospects for many businesses.

BACKGROUND
The regulatory requirements currently affecting financing efforts by companies in the United States are often characterized as overly burdensome and expensive, discouraging entrepreneurship and economic growth. The JOBS Act promises to alleviate some of these
regulatory burdens by loosening registration requirements under the Securities Act of 1933 (the Securities Act), and the Securities Exchange Act of 1934 (the Exchange Act). More…

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ILN Today Post

Common development issues: restrictive covenants

Developers and landowners often find that development sites are subject to covenants which prohibit certain actions, such as a change of use, construction or alteration to a building.

These covenants are known as restrictive covenants and can have a significant impact on the proposed development. It is, therefore, very important to identify such a restriction and to undertake a full analysis of it. Having examined it closely, it should then be clear whether the restriction properly affects the land, is still enforceable, and who (if anyone) has the benefit of it.

In this article, we will consider these points and some possible solutions: More…

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Update of the Forest Industry Manual

Linda Štrause

Current update to the Forest Industry Manual prepared by TARK GRUNTE SUTKIENE in cooperation with Dienas Bizness has been pulished. TARK GRUNTE SUTKIENE makes sure that the Forest Industry Manual reflects current information on the forest industry legal requirements and includes the newest amendments to the laws and regulations and court practice.

Click here to read the publication (available in Latvian).

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Blogging for Clients: How Online Relationships Lead to Real-World Clients (A Re-cap) Part III

After sharing all of their valuable content with us, Kevin and Lee were happy to answer some questions from the audience.

What’s the correlation of a strong brand with online lead generation? 

Lee clarified the essence of the question as being “how is your brand going to impact your lead generation and online presence?” Kevin said that he wanted to say that larger brands would have more impact, but he wasn’t sure that this was true. He used Coca Cola as an example, saying that if they didn’t form the right strategy online with the people who want to drink Coca Cola, they’re not going to go anywhere. 

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Stage 2 Meaningful Use Final Rules Announced

After much delay and anticipation, the Stage 2 Meaningful Use Final Rules were announced late last week.  Though the primary focus of the new rules were to update (and increase) the meaningful use objectives and measures for the Medicare and Medicaid EHR Incentive Program, significant additional components regarding the EHR Incentive Program were also included.  To read the 672 pages of the Final Rule click here.  CMS has also posted a fact sheetwhich provides a good high level summary of some of the main topics of the Final Rule.  In addition to the Meaningful Use final rules, the Office of the National Coordinator has released its new standards governing certified EHR technology and a fact sheet.  The National eHealth Collaborative hosted a helpful webinar with an overview of these new rules, which can be accessed here.  

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Me Michel Green named by Best Lawyers® as Insurance Law “LAWYER OF THE YEAR” for 2013

Best Lawyers® has announced that Me Michel Green has been named Best Lawyers’ 2013 “Lawyer of the Year” for Insurance Law. In the announcement, Best Lawyers noted that “lawyers being honored as “Lawyer of the Year” are selected based on particularly impressive voting averages received during the exhaustive peer-review assessments we conduct with thousands of leading lawyers each year. Receiving this designation reflects the high level of respect a lawyer has earned among other leading lawyers in the same communities and the same practice areas for their abilities, their professionalism, and their integrity.”

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Alan Kipnis named managing partner of Fort Lauderdale office

Attorney Alan G. Kipnis has recently been renamed managing partner of the firm’s Fort Lauderdale office, a role he maintained from 2008 to 2011.  In this role, Mr. Kipnis will oversee the administrative duties and operations, as well as manage the personnel in the office which includes 10 attorneys and support staff.  Mr. Kipnis has been a partner with the firm since 2006.  He focuses his practice in the areas of commercial, business, banking, construction, and complex litigation and has extensive experience representing financial institutions, public and non public companies, and individuals in all aspects of commercial litigation.

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