Top 10 Headlines from All Regions On December 23, 2008, President Bush signed the Worker, Retiree,and Employer Recovery Act of 2008 (H.R. 7327) (the "WRERAct"), which provides that owners and beneficiaries ofIRAs and other defined contribution plans who are required to takerequired minimum distributions ("RMDs") from their plans in tax year 2009, will generally be able to leave their money in their plans (hopefully to grow) without suffering anypenalty for failure to withdraw. The normal rules still apply for 2008. California Superior Court's decision last month in the Apple litigation should be considered by any water's-edge California franchise taxpayer that has received a foreign dividend. The latest version of the Digital Economy Bill has been published, incorporating recent amendments agreed in the House of Lords. On March 4, 2010, the federal government tabled its Budget. This bulletin summarizes the principal income tax measures affecting businesses contained in the Budget. More than ever telecommunications are central to our lives and work. Economic and social activities have come to rely on telecoms services and infrastructure, with internet access, mobile phones and TV services used every day by millions. In our earlier article "Whose E-mail Is It Anyway," we discussed whether the Fourth Amendment and/or the attorney-client privilege protects an employee’s personal documents and e-mails stored on a company computer or sent through a company’s network. Many employers already know that it is unlawful to spy on employees who are engaged in union organizing activity. Since my last Article, there have been more twists and turns (in the form of two big cases) on the issue of how to achieve Non-Residence. Do you think an employer could be liable if one of its employees, while driving and using a cell phone, causes an accident and injures another party? The judgment of Mr Justice Steel, delivered in the English Commercial Court on 18 February 2010 in Masefield AG v. Amlin Corporate Member Ltd, [2010] EWHC 280 (Comm), resolved an issue between the parties as to whether or not the hijacking of the tanker Bunga Melati Dua by Somali pirates justified a claim under an open cover marine insurance policy for the total loss of cargo, alternatively its constructive total loss, notwithstanding that the cargo was eventually recovered. |