President Barack Obama has announced that he will shortly decide whether to approve the proposed Keystone XL pipeline extension from Alberta, Canada to Steele City, Neb. Keystone's sponsor, TransCanada Keystone Pipeline, with support from the Canadian government, contends that the Keystone extension would, together with domestic shale gas, help the United States achieve energy independence from unreliable or unsavory OPEC and other petroleum exporting nations.

New York State regulates virtual asset service providers (VASPs) either operating in its jurisdiction or providing virtual asset services from offshore to persons in the state.

The recent Southern District Bankruptcy Court decision in <em>In re AMR Corp.</em>, 485 B.R. 279 (Bankr. S.D.N.Y. 2013) ("<em>American Airlines</em>") raises again the challenges facing underwriters, initial purchasers, lenders and investors in the debt capital markets.

This essay is about an art owner who sought to protect himself from the consequences of a bankruptcy by his consignee art gallery.

Expanding a business to a foreign country can be an exciting and rewarding venture, but it requires careful planning and involves various legal considerations.

As tariff refunds exceed $100 billion, a new wave of litigation is emerging over who is entitled to recovered IEEPA duties. While consumer class actions face significant legal hurdles around pricing transparency and tracing, business-to-business customers with explicit tariff surcharges on invoices may have substantially stronger claims against their importer-distributors for refund sharing.

Alexander G. Malyshev and Sarah H. Ganley examine the final order rescheduling cannabis from Schedule I to Schedule III of the Controlled Substances Act. The analysis clarifies that this rescheduling applies specifically to medical cannabis and does not constitute federal legalization of cannabis.

Alex Malyshev and Sarah Ganley of Carter Ledyard & Milburn LLP analyze the legal and policy considerations of the Drug Enforcement Administration's move to reschedule Cannabis...

As part of the Patient Protection and Affordable Care Act, more commonly known as Obamacare, Congress also passed the Physician Payment Sunshine Act.

Summary: The SEC's new electronic filing system, EDGAR Next, is now live and became mandatory for all SEC filers, including private funds and their managers, as of September 15, 2025.

Pending a Supreme Court decision (Garland v. Texas Top Cop Shop), beneficial ownership information report ("BOIR") filings under the Corporate Transparency Act ("CTA")...

On April 22, 2026, the United States Department of Labor (“DOL”) announced its new proposed rule aimed at clarifying when multiple employers share joint liability for violations of federal wage and hour laws. The proposed rule is entitled “Joint Employer Status Under the Fair Labor Standards Act, Family and Medical Leave Act, and Migrant and Seasonal Agricultural Worker Protection Act.”

The Supreme Court's February 2026 ruling that the Trump administration lacked authority to impose sweeping tariffs under the International Emergency Economic Powers Act...

According to lore, the merchant cash advance (MCA) industry was born in New York, and its law continues to be the law of choice in many MCA agreements.

Once upon a time, I lamented that The Worst Place To Litigate Merchant Cash Advance Disputes Is Out-of-State. Since last June, beginning with the issuance...

In today's fast-paced and interconnected world, understanding the terminology surrounding data privacy, cybersecurity and cryptocurrencies has become essential.

The U.S. cannabis industry entered 2025 amid growing skepticism that federal rescheduling would move beyond preliminary announcements and extended agency review.

Recent SEC enforcement activity and new interpretive guidance highlight the agency's continued emphasis on beneficial ownership reporting under Schedules 13D and 13G. The settlement of the Elon Musk Twitter acquisition case, resulting in a $1.5 million penalty, demonstrates the SEC's focus on timely disclosure requirements. Updated Corporation Finance Interpretations clarify how derivatives and total return swaps may trigger reporting obligations when used to obscure voting influence.

In a July 18, 2025 article, we discussed an amendment to New York Labor Law (NYLL) §191 (now codified at NYLL §191(1)(a)) that eliminated liquidated damages in cases involving the late payment of wages for manual workers if certain conditions are met.

T he United States will soon have the presidency and both houses of Congress controlled by a political party whose official, 2024 national platform embraces increasing gas and oil production...