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  • Article

    OFAC Temporarily Eases Sanctions On Venezuelan Oil & Gas And Gold Sectors Subject To Compliance With Electoral Roadmap

    On October 18, 2023, the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") eased certain sanctions on the oil and gas sector, as well as the gold sector, in Venezuela.
    United StatesEnergy and Natural Resources
    Seward & Kissel
    Seward & Kissel
  • Article

    "Quint-Seal" Compliance Note Highlights Intensifying U.S. Government Enforcement Of Sanctions And Export Control Laws In The Shipping Industry

    On December 12, 2023, the Department of Justice (DOJ), Department of Commerce's Bureau of Industry and Security (BIS), Department of Homeland Security's Homeland Security Investigations (HSI)...
    United StatesInternational Law
    Seward & Kissel
    Seward & Kissel
  • Article

    Tri-Seal Compliance Note Encourages Voluntary Self-Disclosure Of Potential Violations Of Sanctions And Export Control Laws To DOJ, BIS And OFAC

    The ascending importance of rigorous and compliance with U.S. national security laws, including sanctions and export controls, was underscored on July 26, 2023 with the release of a Department of Commerce...
    United StatesInternational Law
    Seward & Kissel
    Seward & Kissel
  • Article

    Amendments To The Marshall Islands Maritime Law And Regulations: Pre-Signing Mortgage Instruments

    The Republic of the Marshall Islands recently amended its maritime law and related regulations. Specifically, Section 302 of the Maritime Act of the Marshall Islands (the "Maritime Act") has been..
    United StatesTransport
    Seward & Kissel
    Seward & Kissel
  • Article

    Jones Act: Determining U.S. Citizenship Of Public Companies

    The Merchant Marine Act of 1920, commonly known as the "Jones Act" requires that any vessel engaged in the U.S. coastwise trade be owned and operated by U.S. citizens.
    United StatesTransport
    Seward & Kissel
    Seward & Kissel
  • Article

    The US Maritime Security Program

    The Maritime Security Program (the "MSP") is a U.S. government program under which a fleet of commercially viable, militarily useful merchant ships active in international trade...
    United StatesTransport
    Seward & Kissel
    Seward & Kissel
  • Article

    The Corporate Transparency Act

    The Corporate Transparency Act (CTA) was enacted by the United States Congress, and signed into law by President Joseph Biden, in 2021 as part of the Anti-Money Laundering Act of 2020.
    United StatesCorporate/Commercial Law
    Seward & Kissel
    Seward & Kissel
  • Article

    NYS Senate Passes Bill Banning Non-competes; On To NYS Assembly

    On June 7, 2023, the New York State Senate passed Bill No. SO3100, which, if signed into law, would ban non-compete agreements ("non-competes") throughout the state, without exception.
    United StatesEmployment and HR
    Seward & Kissel
    Seward & Kissel
  • Article

    U.S. Department Of Labor Finalizes Independent Contractor Rule

    Today, the U.S. Department of Labor ("DOL") published its final rule (the "Rule") addressing whether a worker is properly classified as an employee or an independent contractor under the federal Fair Labor Standards Act.
    United StatesEmployment and HR
    Seward & Kissel
    Seward & Kissel
  • Article

    Government Tax Incentives For Offshore Wind Investments

    Offshore wind investments have become increasingly popular within the renewable energy sector due to the vital role they play in the global transition to clean energy.
    United StatesEnergy and Natural Resources
    Seward & Kissel
    Seward & Kissel
  • Article

    Marshall Islands Maritime Act Amended

    In August 2023, the parliament of the Republic of the Marshall Islands, the Nitijela, adopted amendments to the Maritime Act of 1990 (the "Maritime Act"), which can be found here.
    United StatesFinance and Banking
    Seward & Kissel
    Seward & Kissel
  • Article

    SEC Extends No-Action Relief Relating To Custody Rule Requirements

    The SEC Division of Investment Management extended no-action relief regarding compliance by certain investment advisers with the Investment Advisers Act Rule 206(4)-2 (the "Custody Rule").
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    SEC Issues Final Rules Modernizing Section 13(d) And (G) Beneficial Ownership Reporting

    On October 10, 2023, the U.S. Securities and Exchange Commission (the "SEC") issued its final rules modernizing beneficial ownership reporting under Sections 13(d) and (g) of the Securities Exchange...
    United StatesCorporate/Commercial Law
    Seward & Kissel
    Seward & Kissel
  • Article

    The Modern De-SPAC And A Way Forward

    A special purpose acquisition company, or SPAC, is a public company with no operations, products, or assets. Unlike a traditional public company's initial public offering (IPO)...
    United StatesCorporate/Commercial Law
    Seward & Kissel
    Seward & Kissel
  • Article

    Assignment Of Charter

    An assignment of charter is a security agreement whereby a party (typically, a vessel owner) that has entered into a charter assigns its rights under such charter to a secured party...
    United StatesFinance and Banking
    Seward & Kissel
    Seward & Kissel
  • Article

    The Importance Of Sanctions And Export Control Compliance

    The United States manages more than three dozen separate economic and trade sanctions programs. Those programs target specified foreign governments...
    United StatesInternational Law
    Seward & Kissel
    Seward & Kissel
  • Article

    New Disclosure Rules Regarding Issuer Share Repurchase

    The Securities and Exchange Commission ("SEC") adopted new quantitative and narrative disclosure requirements regarding share repurchases that will be coming into effect later this year..
    United StatesCorporate/Commercial Law
    Seward & Kissel
    Seward & Kissel
  • Article

    FTC And DOJ Propose Sweeping Changes To HSR Requirements

    The Federal Trade Commission ("FTC"), with the concurrence of the Antitrust Division of the U.S. Department of Justice ("DOJ"), recently issued a Notice of Proposed Rulemaking regarding proposed...
    United StatesAntitrust/Competition Law
    Seward & Kissel
    Seward & Kissel
  • Article

    Simple Cap Table Analysis

    When making a venture capital or growth equity investment, perhaps the most critical priority is confirming that your pro-forma ownership percentage of the target company aligns...
    United StatesCorporate/Commercial Law
    Seward & Kissel
    Seward & Kissel
  • Article

    Notice: Amended Share Repurchase Disclosure Requirements

    On May 3, 2023, the U.S. Securities and Exchange Commission (the "SEC") adopted final amendments to Rules and Regulations under the Securities Exchange Act of 1934...
    United StatesCorporate/Commercial Law
    Seward & Kissel
    Seward & Kissel

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