Monthly Archives: December 2015

Gary M. Feldman to Present at CCUA’s Southern Massachusetts Chapter Meeting

Mr. Feldman will discuss current employment law issues, including medical marijuana in the workplace, the enactment of new employee leave laws, recent social media court cases, and employee misclassification of consultants of consultants and exempt employees under the National Labor Relations Act. 

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Week of November 30, 2015 on ILNToday – A Roundup!

roundupWe’ve got a really international roundup for you this week, with posts from the UK, Thailand, the US, and taking a peek into the much-discussed TPP from a trade secrets perspective. If you missed any of these, make sure to check them out today!

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ILN Today Post

The UK implements the remainder of the Transparency Directive Amending Directive changes

Summary of the changes

On 26 November 2015, the UK completed the implementation of the Transparency Directive Amending Directive.  This has entailed amendments to the Financial Services and Markets Act 2000 (FSMA) and to the Disclosure and Transparency Rules (DTRs).  Key changes include:

  • a new power for the Financial Conduct Authority (FCA) to apply to court for an order suspending the voting rights of shares, for serious breach of the major shareholdings notifications regime;
  • a requirement for the FCA to publish information on the type and nature of breaches of the transparency regime, together with the identity of the person sanctioned, subject to a discretion to publish anonymously in certain circumstances;
  • extending the deadline for publishing half-yearly financial reports from two to three months after the end of the reporting period;
  • increasing the period during which half-yearly financial reports must remain publicly available from five to ten years;
  • a new exemption from the notification obligations for voting rights attached to shares that have been acquired for stabilisation purposes; and
  • removing the exemption for stock lending, so that it must be disclosed by both lender and borrower at the 5%, 10% and higher thresholds required by the Transparency Directive.

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Christmas Crackers – Top Tips For Employers This Christmas

Christmas comes but once a year – and brings a whole set of employment issues with it. This post looks at some of the most common issues raised by the festive season and offers guidance to employers for making it through the most wonderful time of the year. 

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ILN Today Post

Failure to Prove Probability of Harm from Alleged Data Breaches Dooms FTC’s Complaint

In a rare loss for the Federal Trade Commission (FTC) in a data security case, an administrative law judge has rejected the agency’s complaint against LabMD, Inc. The FTC claimed that LabMD failed to provide “reasonable and appropriate” security for personal information maintained on LabMD’s computer networks and that this conduct “caused” or was “likely to cause” substantial consumer injury, in violation of Section 5(a) of the Federal Trade Commission Act.

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McDonald Hopkins Government Strategies Advisory: This Week in Washington – December 4, 2015

Congress has until December 11 to either pass an omnibus appropriations spending bill or pass a continuing resolution (CR) to avoid a government shutdown. After this week, neither side seems particularly optimistic that an omnibus deal will be reached in time.

House Republicans sent over their initial offer to House Democrats on Tuesday night of this week. House Democrats responded by saying the GOP hadn’t sent over a “real offer” – decrying policy riders in the Republican proposal relating to Wall Street, EPA, and Syrian refugees. Democrats are said to be working on a spending bill of their own.

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“What happens to your social media accounts when you die?” Sara Jodka featured in Columbus Business First

Email, social networks and online accounts for everything from banking to music all hold value. Digital assets include life stories told through social networks and photos, songs, blogs, musings and notes stored online. An entrepreneur’s business plans or registered domain names can be worth millions of dollars. All of these assets need to be protected, and companies and individuals should take steps to preserve access to these records and items of value, especially after a person’s death. Individuals can address the issue through estate planning. Businesses need a more detailed approach. 

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ILN Today Post

Dej-Udom & Associates Newsletter – November 2015

Community Declaration Signed

The leaders of the 10-member Association of Southeast Asian Nations (ASEAN) signed the declaration which established the ASEAN economic, political, security, and sociocultural community at the annual summit this month. One of the pillars of the new community, the ASEAN Economic Community (AEC), will be launched on December 31, 2015 and will allow freer movement of workers, trade, and capital and remove barriers that impede growth and investment. ASEAN’s current combined GDP of US$2.6 trillion is expected to grow to US$4.7 trillion by 2020, and the new community is expected to be the world’s fourth largest economy by 2030.

Transport Ministers Meeting

At the annual ASEAN Transport Minister’s Meeting, the Kuala Lumpur Transport Strategic Action Plan (KLTSAP) was adopted by the transport ministers from the ASEAN member countries. The 10-year master plan focuses on the connectivity, efficiency, integration, safety, and sustainability of the ASEAN region’s various transport sectors. The ministers also signed protocols to aid in the formation of the ASEAN Single Aviation Market and to liberalize air transport ancillary services.

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The Martin Agency Reveals the Model for Consistent Creative Work

In the advertising world, perhaps not even “Mad Men” is as consistently entertaining as The Martin Agency. Known for steady and creative execution of Fortune 500 accounts, Martin helped bring GEICO out of the stone age (or into it, rather) with its caveman campaigns, and re-energized Walmart’s image with a clean and modern approach.

Named as the 2009 Agency of the Year by Adweek, The Martin Agency may be headquartered south of the Mason-Dixon Line in Richmond, Virginia, but it’s not considered a Madison Avenue outlier or scrappy underdog in terms of its work or talent. (The agency has offices in New York and London, too.)

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Multistate Tax Update — December 3, 2015

States extend historic preservation tax credits

North Carolina

An article in The News & Observer this past summer opined on the state of historic tax credits in the Tar Heel State. The article cited a legislator who lamented the fact that in the economic development arena, “South Carolina is eating our lunch,” and the president of Preservation North Carolina, Myrick Howard, agreed that North Carolina is losing its advantage in the preservation of architectural and historic resources.

Myrick attributed this to the December 2014 sunset of tax credits that made it easier to rehabilitate historic structures. Indeed, he declared, the effects of the tax credit were tangible: The private sector spent nearly $2 billion to revive key areas throughout the state, like downtown Durham, Raleigh, Winston-Salem, Asheville, Salisbury, Mount Airy, New Bern, and Edenton during the existence of the tax credit.

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