Author Archives: Lindsay Griffiths

ILN Today Post

New York City’s “Guaranty Law” Remains Legal — For Now

When the COVID-19 pandemic struck in 2020, it brought New York City to a standstill. In response to the worsening pandemic, then Gov. Andrew Cuomo passed a series of Executive Orders mandating the closure of non-essential businesses with the intent of limiting the spread of the deadly disease. Many businesses in the City were forced to temporarily close and found themselves unable to meet their rental obligations.In response, New York City enacted Administrative Code § 22-1005, entitled “Personal Liability Provisions in Commercial Leases.” This provision is commonly known as the “Guaranty Law” and is largely intended to protect personal guarantors of commercial leases from facing liability for obligations incurred at the early height of the pandemic, between March 7, 2020 and June 30, 2021. While the Guaranty Law remains in effect, it is facing a significant constitutional challenge in federal court. Read more…

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ILN Today Post

Torres Talks Trade Podcast Episode 9 on U.S. Customs and Border Protection’s Global Business Identifier program

In this week’s episode, Host Donna Wedgeworth speaks with Anthony Saranchak, former U.S. Customs Assistant Field Director in Regulatory Audit, to discuss identity theft in U.S. importing and global supply chains and how U.S. Customs and Border Protection is taking a step toward improving supply chain data reliability with the proposed Global Business Identifier program. Find out what this means for businesses and supply chains, and how you can prepare your enterprise as Customs expands the program to the wider industry.

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ILN Today Post

Key Takeaways from the CFIUS Annual Report for 2021

On Tuesday, August 2, 2022, the Committee on Foreign Investment in the United States (“CFIUS” or “the Committee) released its Annual Report to Congress for calendar year 2021.[1] The report, replete with charts, tables, and graphs visualizing the data and comparing it to prior years, broadly details the work the Committee has done in the past year concerning oversight of foreign investment transactions in areas deemed critical to U.S. national security. There are several key takeaways from the report that are particularly important to international businesses looking to invest in the United States. Read more…

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ILN Today Post

Newsletter – June 2022

I. EDITORIAL – APPROVAL OF THE STATE BUDGET FOR 2022

In terms of legislation, the month of June was marked by the publication of Law no. 12/2022, of June 27, which approved the State budget for 2022. 

On the legislative front, the following should also be highlighted:  

  1. Ordinance no. 164-A/2022, of June 24, which reviewed and set the rates of tax on petroleum and energy products. 
  2. Resolution of the Assembly of the Republic no. 29/2022, of June 28, which approved the budget of the Assembly of the Republic for 2022.  
  3. Decree-Law no. 42/2022, of June 29, which establishes measures to support families and businesses in the context of the armed conflict in Ukraine.  Read more…
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ILN Today Post

Llinks Legal Alert – Labor & Employment Law (July 2022)

Welcome to read: “Llinks Legal Alert – Labor & Employment Law (July 2022)”.

Llinks Legal Alerts focus on cutting-edge labor law topics and brings you most updated legislation trend. Please stay tuned with us.  Read more…

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ILN Today Post

Torres Talks Trade Podcast Episode 8 on Worker-Centered Trade

The debate between free trade and protectionism is alive and well, and perhaps fiercer than ever, in the United States and abroad. In this week’s episode, host Olga Torres sits down with Steve Charnovitz, professor at the George Washington Law School, to discuss the importance of a worker-centered trade policy, the WTO, the Treasury’s call for “friendshoring” of supply chains, and how the U.S. can promote workers’ rights at home and around the world.

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ILN Today Post

Re-Domiciliation Out of Cyprus

Application for re-domiciliation abroad

A Cyprus company registered under the provisions of the Companies Law, Cap. 113 may apply to a foreign country to be registered and continue its existence under that legal regime provided that the following has been obtained:

(a) the consent of the Registrar of Cyprus companies has been obtained; and

(b) a legal opinion from the foreign jurisdiction proving that such re-domiciliation is allowed. Read more…

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ILN Today Post

Torres Talks Trade Podcast Episode 7 on the Committee on Foreign Investment in the United States (CFIUS)

This week’s episode discusses the Committee on Foreign Investment in the United States “CFIUS,” the U.S. interagency body that reviews foreign investment for national security purposes. Host Olga Torres is joined by Albert Schulz, founder of Kaerus Consulting LLC, which provides a variety CFIUS Mitigation services to clients, to look at the ins and out CFIUS mitigation, and how to ensure international mergers and acquisitions in critical areas proceed smoothly while minimizing risk to national security.

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ILN Today Post

3 legal documents every 18-year-old needs to have

As 18-year-olds across the country prepare to take their first steps into adult life – whether attending college, university, vocational training program, entering the workforce, or taking a gap year – parents of those now-adult-children should be aware there are important legal documents that should be in place to ensure they can continue to be there for their child if needed.

At 18, your child has reached the age of majority and many parents are surprised to learn they can no longer act on their child’s behalf to assist in medical or financial decisions. Should there be an accident or an illness that requires hospitalization, a parent could be shut out from knowing what is happening due to HIPAA laws and would be unable to make healthcare decisions for their child. Parents could also be frustrated to learn they can no longer contribute money into their child’s account without all of the appropriate account numbers, and that they cannot make a financial decision to assist their child. Read more…

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ILN Today Post

ILN Partnership Event | Anti-Corruption London

September 20-21, 2022 | Millennium Gloucester Hotel London Kensington, London

C5’s 16th International Conference on Anti-Corruption London is taking place this 20–21 September! Don’t miss out on re-connecting with the “who’s who” of the Anti-Corruption and compliance community.

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