Monthly Archives: July 2015

“Walter | Haverfield attorney building a budding business in pot law” Bruce Reinhart quoted in Crain’s Cleveland Business

While of growing interest to the legal market, not all firms are as actively entertaining new clients tied to cannabis and its related industries because of their own concerns with legality; but (Kevin) Murphy says that just creates additional opportunity for attorneys like him.
Bruce Reinhart, a partner with McDonald Hopkins who co-chairs the firm’s government compliance, investigations and white collar defense group, said many firms — including his — will provide advice to a business regarding the legal climate they’re facing, but they won’t help with actual work, like negotiating operating or lease agreements.

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“Possible probe of Hillary Clinton emails” Bruce Reinhart for Newsmax Prime

Bruce Reinhart provided commentary on the Hillary Clinton email situation on a recent episode of Newsmax Prime

Click here to view the clip.

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“Head in the cloud? Many companies remain uninsured against cyberattacks” Jim Giszczak quoted in Crain’s Detroit

Despite all the publicity generated by cybersecurity breaches last year at Target, Sony, Goodwill, UPS and other companies, along with the massive breach disclosed this year at the U.S. government’s Office of Personnel Management involving 21 million current and former federal employees, too many companies remain ignorant of the risk, local insurance and legal experts say.

“Companies often assume they’re covered by their regular insurance policies, but if they haven’t bought specific cybersecurity policies, they aren’t,” said Jim Giszczak, who specializes in cyber-related legal issues for Bloomfield Hills-based law firm McDonald Hopkins PLC. “It’s still a relatively new area of coverage, and most clients don’t realize they need it.

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ILN Today Post

Stamp Duty Amendment & the New Real Estate VAT Rule

In January, 2015 The Government of The Bahamas implemented Value Added Tax (“VAT”) at 7.5% to be charged on all goods and services. This new VAT tax affected many businesses, as businesses were required to update their computer systems in order to implement VAT in compliance with the new law. Food stores and other stores selling goods were not the only businesses that were affected, but also those businesses providing services. Law firms were affected and were forced to increase their fees. Six months later, it appears that this 7.5% was not sufficient for the Government as it relates to real estate transactions. When one is selling or buying property one must consider the additional costs of VAT associated with the transaction as VAT is charged on the appraisal report, legal fees, search fees and now on the consideration or appraised value of the property (which ever is accepted and approved by the Controller of VAT). More…

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Sexual Orientation: Ensuring Equality in the Workplace

Same-sex couples are able to get married or register a civil partnership in England, Scotland and Wales, which gives them many of the same rights as heterosexual couples. Now that the US has also recognised same-sex marriage as legal in Obergefell v Hodges, the issue of sexual orientation is likely to move into the spotlight of ensuring equality under employment law.

Recognising what protections UK employment law offers gay and lesbian people, and what conduct may be identified as discriminatory can be good practice for all employers as they look to promote an equal and productive work environment.

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Week of July 20, 2015 on ILNToday – A Roundup!

roundupWe’ve got some really interesting posts for you in this week’s roundup, covering everything from intellectual property to labor law to the 2016 Olympics! So before you head out for the weekend, make sure to take a look through this week’s roundup from ILNToday!

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Regulators Issue Final Dodd-Frank Standards for Assessing Diversity Policies and Practices of Covered Entities in the Financial Services Industry

On June 10, 2015, the much-anticipated joint final standards (“Final Standards”) issued by six federal agencies (“Agencies”) in accordance with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Act”) for assessing the diversity policies and practices of the entities that they regulate (“Covered Entities”) were published and became effective.   Covered Entities include financial institutions, investment banking firms, mortgage banking firms, asset management firms, brokers, dealers, financial services entities, underwriters, accountants, investment consultants, and providers of legal services.  In issuing the Final Standards, the Agencies stated that their goal is to provide a framework for an entity “to create and strengthen its diversity policies and practices . . . and to promote transparency of organizational diversity and inclusion.”

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ILN Today Post

Don’t end up Breaking Bad

A right to break in a lease is often something that is fiercely fought over at heads of terms stage. If the tenant successfully obtains such a right, it should be cherished, since it provides a hugely beneficial flexibility that could be crucial in the future.

This flexibility can be useful as a negotiating point, forcing a landlord to consider offering a re-gear or other incentive to prevent the tenant from moving premises as the break date comes around. Or it can of course provide for a convenient exit strategy from a property that is no longer needed, too expensive or not performing as expected. More…

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McDonald Hopkins Government Strategies Advisory: This Week in Washington — July 24, 2015

On Wednesday, the Senate passed an important procedural hurdle, voting for cloture by a vote of 62 to 36. Despite the vote, hurdles remain for the bill.

The Senate bill under consideration would extend the highway trust fund for six years, but provides funding for only the first three years. The pay-fors the Senate does identify include a $16.3 billion proposal derived from cutting dividends paid by the Federal Reserve to large banks, another $9 billion would come from a drawdown and sale of excess oil in the Strategic Petroleum Reserve.

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Legal Marketing Goes Global – A Panel Recap

eDLHCtzRR0yfFtU0BQar_sylwiabartyzel_themapToday, I had the pleasure of attending (via Skype along with the LMA NJ City Group) the Metro New York’s presentation of “Legal Marketing Goes Global: Maximizing International Success for your Firm.” The session was a panel discussion (with questions from the audience throughout) that featured moderator Bob Robertson, the Director of Strategic Business Development at Cadwalader, Wickersham & Taft, LLP, and panelists, Howard Kravitz, the US Marketing Leader for PwC and Joanne Southern, the Chief Marketing Officer for Proskauer.

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