Client Alerts
Client Alert
Under the current Antitrust laws, large companies seeking to merge must file a Hart-Scott-Rodino Report with the Federal Trade Commission (FTC) or the Department of Justice (DOJ) describing the proposed transaction. The respective antitrust agencies then review the information in the report and, within a given time period, must inform the parties to the transaction […]
Client Alert
Over the past several years, there have been many examples of the need for companies acting as forwarders, and NVOCCs and customs brokers to properly vet the trucking companies they utilize in order to be assured that those companies are competent, have trained drivers and appropriate safety ratings from the Federal Motor Carrier Safety Administration […]
Client Alert
On January 21, 2019, France’s data privacy agency, the National Data Protection Commission (CNIL) announced that it was issuing a €50 million fine against Google, Inc. for violating the new EU General Data Protection Regulation (GDPR). This is the first major enforcement action under the GDPR and the first enforcement action against a U.S.-based company. […]
Client Alert
One of the original provisions of the Shipping Act, 1916 was former Section 17 (which became section lO(d)(l) of the 1984 Act and was recodified in 1998 as 46 U.S.C. §41102(c)). This section provided that no regulated entity could "fail to establish, observe and enforce just and reasonable regulations relating to or connected with receiving, […]
Client Alert
On December 10, 2018, the Internal Revenue Service (“IRS” or “Service”) issued Notice 2018-99 and Notice 2018-100 which interpret and provide administrative guidance and transition rules relating to new Internal Revenue Code (“Code”) §§ 274(a)(4) and 512(a)(7)—the dreaded parking benefit addition to unrelated business income taxes. These notices provide the first published guidance available to […]
Client Alert
Effective at 12:00 a.m. Eastern Standard Time, November 5, 2018, the U.S. fully re-imposed the primary and secondary sanctions on Iran that were in place prior to the Joint Comprehensive Plan of Action (“JCPOA,” or the “Iran Nuclear Agreement”). In addition, the U.S. government has designated numerous additional entities in the financial, shipping, and energy […]
Legislation Alert
The Tax Cuts and Jobs Act of 2017 (the “2017 Act”), which was passed by Congress and signed by the President on December 22, 2017, contains a number of provisions that directly impact owners and operators of business jet aircraft; this Legislative Alert summarizes those provisions that are most pertinent to aircraft owners and operators. […]
CLIENT ALERT
U.S. Imposes Additional Sanctions on North Korea