ArticleComplex Title Structures Send Lenders "Back to Basics"The typical non-recourse real estate loan is easy to describe. The borrower is the owner in fee simple of a piece of property. United StatesStrategyPillsbury Winthrop Shaw Pittman
ArticleCalifornia Governor Vetoes Ban Against Tax Sharing Agreements And Signs New Law Requiring Certain Public Information For DisclosureThere were two competing bills regarding tax sharing agreements (TSAs) this legislative session: SB 531 and SB 485.United StatesTaxPillsbury Winthrop Shaw Pittman
ArticleEmployment Issues & The IRS: Why All Employers Should Review Employee-Related Plans And Practices Now!The Internal Revenue Service has recently announced plans to conduct payroll tax audits of approximately 6,000 companies and increase its focus on compliance issues relating to section 409A of the Internal Revenue Code of 1986.United StatesTaxPillsbury Winthrop Shaw Pittman LLP
ArticleThree Strikes, You're Out! New York Has Another Miss In Sales Tax Case Against A Service Provider Under The "Primary Function" TestAn administrative law judge ("ALJ") in the New York State Division of Tax Appeals cancelled the New York State Division of Taxation's notice of determination asserting sales tax on ...United StatesTaxPillsbury Winthrop Shaw Pittman
ArticleMaryland Digital Ad Tax Updates: Comptroller Seeks Stay Of State Court Decision Striking Tax And Recently Dismissed Federal Challenge Is Under AppealThe saga continues over Maryland's Digital Advertising Gross Revenues Tax (Digital Ad Tax), much to the chagrin of Peter Franchot, Comptroller of Maryland...United StatesTaxPillsbury Winthrop Shaw Pittman
ArticleNew York City's Pay Transparency Law Takes Effect November 1, 2022: Are You Ready?As of November 1, 2022, covered employers advertising jobs that will be—or even can be—performed, in whole or in part, in New York City must include a good faith salary or hourly range pursuant to the new salary transparency provisions of the New York City Human Rights Law.United StatesEmployment and HRPillsbury Winthrop Shaw Pittman
ArticleEbasco Choice Of Law: A Decision Half A Century In The MakingFollowing the breakup of large utility holding companies by trust busters in the 1930s, General Electric created Ebasco (Electric Bond and Share Company)...United StatesEnvironmentPillsbury Winthrop Shaw Pittman
ArticleDistrict Court Overturns OFAC Fine Against ExxonOn December 31, 2019, the U.S. District Court for the Northern District of Texas overturned a $2 million fine imposed by the Department of the...GlobalInternational LawPillsbury Winthrop Shaw Pittman
ArticleThe United States Updates Sanctions To Combat Terrorism With New Focus On Non-U.S. BanksAs it targets terrorist groups and their finances, the U.S. Government announces potent secondary sanctions that can impede correspondent banking relationships of non-U.S. banks.United StatesGovernment, Public SectorPillsbury Winthrop Shaw Pittman
ArticleWeathering Economic Turbulence: Assignment Of Insurance Claims For Losses Under Russian SanctionsThe Russia/Ukraine conflict has led to a monumental decoupling of Russia from the global economy, with dire consequences for many industries...United StatesInsurancePillsbury Winthrop Shaw Pittman
ArticleFour China Nuclear Industry Companies Added To "Entity List"China General Nuclear Power Group (CGN) and affiliates China General Nuclear Power Corporation (CGNPC), China Nuclear Power Technology Research Institute Co.United StatesInternational LawPillsbury Winthrop Shaw Pittman
ArticleSan Francisco Superior Court Rules California LLC Tax UnconstitutionalA San Francisco trial court has issued a tentative ruling concluding that California's R&TC section 17942 levy on LLCs is an unconstitutional tax. Northwest Energetic Services, LLC vs. California Franchise Tax Board (San Francisco Sup. Ct. No. CGC-05-437721, March 3, 2006) .United StatesLitigation, Mediation & ArbitrationPillsbury Winthrop Shaw Pittman
ArticleReal Estate & Construction News Roundup (06/28/23) – Combating Homelessness, U.S. Public Transportation Costs And The Future Of Commercial Real EstateIn our latest roundup, we examine the Supreme Court's ruling regarding water supply responsibilities, the federal reserve chair's reaction to possible banking losses...United StatesReal Estate and ConstructionPillsbury Winthrop Shaw Pittman
ArticleAll Eyes Are On Regulation Of Digital Assets As Federal Agencies And Lawmakers Seek To Bring Clarity: Part 1—The SEC, Utility Tokens And Quartersigital assets such as tokens and virtual currencies continue to garner market interest and press coverage, but significant questions remain about their regulationUnited StatesTechnologyPillsbury Winthrop Shaw Pittman
ArticleBank-Fintech Partnerships And Fair Lending: Top Areas At Risk For Government ScrutinyThe Federal Deposit Insurance Corporation (FDIC) recently published a consent order issued against Cross River Bank that alleged the bank's fair lending program's noncompliance and weaknesses in its oversight of fintech lending partners.United StatesTechnologyPillsbury Winthrop Shaw Pittman
ArticleCan The Blockchain Address The Vulnerabilities That Lurk Alongside The Potential Of 5G?With great power comes great responsibility. 5G is the next generation of 3GPP technology. Along with having the potential to facilitate the next leap United StatesTechnologyPillsbury Winthrop Shaw Pittman
ArticleNTIA Rulemaking Seeks Comments On Government Role In IoTNTIA is seeking public comment on the benefits, challenges and potential roles for the government in fostering the advancement of the Internet of Things.United StatesTechnologyPillsbury Winthrop Shaw Pittman
ArticleLondon Remains A Top Choice For Construction DisputesLondon has long been the preeminent forum for complex, cross-jurisdictional construction and supply chain disputes. The High Court has a dedicated division that specialises in construction cases...United KingdomReal Estate and ConstructionPillsbury Winthrop Shaw Pittman
ArticleCalifornia´s Roll-Back of Prevailing Wage RequirementsDecades ago, the California Legislature passed prevailing wage laws, requiring projects that are public works or that are publicly funded to pay workers at a "generally prevailing rate of wage for work of a similar character in the locality." United StatesEmployment and HRPillsbury Winthrop Shaw Pittman
ArticleEPA Launches Initiative To Replace Lead Pipes In Underserved CommunitiesIn 2021, the White House introduced the Biden-Harris Lead Pipe and Paint Action Plan, which promises to replace all lead service lines in America over the next decade.United StatesEnvironmentPillsbury Winthrop Shaw Pittman