With the passage of Senate Bill 826 at the end of September, California has become the first state in the U.S. to require public companies incorporated in California or other public companies with their principal executive offices in California (according their Annual Report on Form 10-K) to have specified numbers of women serving on their Boards of Directors. This alert discusses the new law and its implications for public companies.
The Massachusetts Noncompetition Agreement Act goes into effect on October 1, 2018 and will impact employers’ current practices with respect to post-termination non-competes for Massachusetts-based employees. This is relevant to you if you intend to hire Massachusetts-based employees or bind an existing Massachusetts-based employee to a post-term non-compete provision in the future because you will need to make updates to the non-compete provision in your form PIIA.
As required under the Economic Growth, Regulatory Relief, and Consumer Protection Act enacted in May 2018 (the “2018 Act”), the Securities and Exchange Commission (the “SEC”) issued final rules on July 18th to increase the disclosure threshold from $5 million to $10 million for issuances of securities in reliance on Rule 701 under the Securities Act of 1933.
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) is conducting a mandatory survey that imposes reporting requirements on any U.S. business entity (including a fund, general partner entity or management company) in which a foreign person directly or indirectly held a voting interest of 10 percent or more at any time during the 2017 fiscal year.
The Stop Sexual Harassment in NYC Act (the “Act”), a comprehensive package of legislation aimed at combating sexual harassment in the workplace and strengthening New York City’s existing anti-sexual harassment laws, was signed into law by Mayor Bill de Blasio on May 9, 2018. In lockstep with New York City’s new sexual harassment law, Governor Cuomo signed into law the New York State Legislature’s anti-sexual harassment legislation in the state’s 2019 budget.
As you may be aware, certain changes in Cayman Islands law relating to Anti-Money Laundering and Know Your Customer (AML / KYC) requirements go into effect in the near future. We are writing to our venture capital and private equity fund clients to remind you of such changes as well as regarding FATCA / CRS registration and reporting obligations for 2018.
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) is conducting a mandatory survey that imposes reporting requirements on any U.S. business in which a foreign entity directly and/or indirectly held a voting ownership interest (or the equivalent) of 10 percent or more at any time during that U.S. person’s 2017 fiscal year. All such U.S. persons must file Form BE-12 with the BEA by May 31, 2018 or by June 30, 2018if using the BEA eFile system at www.bea.gov/efile.
2018 Schedule 13G / Schedule 13F Filings, Form 13H Annual Update Filings, Annual Privacy Notice Mailing Requirement and Preliminary Reminder of Form ADV Annual Updating Amendment Requirements
This Alert briefly describes certain important recent compensation developments affecting public and private companies under the Tax Cuts and Jobs Act.
This Alert briefly highlights certain reporting requirements applicable to equity-based compensation, as well as recent California employment law changes, as we begin 2018.
You may need to take action to ensure compliance with new regulations issued by the U.S. Copyright Office (USCO).
This Alert highlights certain compensation, tax and related matters relevant now that 2016 has concluded, including certain annual reporting requirements applicable to equity compensation that may need to be addressed by clients early in 2017.
Recent Developments and Annual Reporting Requirements Applicable to Equity Awards: This Alert highlights certain compensation, tax and related matters relevant now that 2016 has concluded, including certain annual reporting requirements applicable to…
The new EU-U.S. Privacy Shield program opened for self-certification on August 1, 2016. The program was designed by the U.S. Department of Commerce and the European Commission to provide EU and U.S. companies with a mechanism to comply with EU data protection…
Adding Notice of Whistleblower Immunity to Agreements with Employees and Contractors Containing Confidentiality Provisions.
On May 17, 2016, the staff of the SEC issued important new guidance on the use of non-GAAP financial metrics. The guidance follows the same themes that SEC personnel addressed in their public comments. The guidance, which is immediately effective, gives…
U.S. Annual Reporting Requirements Applicable to Equity Awards: This Alert highlights certain annual reporting requirements applicable to equity-based compensation that clients should consider as we begin 2016.
The U.S. Department of Commerce’s Bureau of Economic Analysis (the “BEA”) is conducting a mandatory survey that imposes reporting requirements on U.S. persons who owned or controlled a “foreign affiliate” during that person’s 2014 fiscal year. All U.S.…