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By Cynthia Berry, Julius Hobson Jr., Alan Parver, Tim Perrin, Harry Sporidis
While both presidential campaigns made bold statements about enacting sweeping reforms to effectuate change throughout government and virtually every sector of the economy, the Obama Administration and the 111th Congress will be faced with the reality and challenges of a sinking economy and unstable financial markets.
By Marilyn Fish, Amy Grynol, Kalee Vargo
New legislation will soon require D.C. employers to provide employees with paid sick and/or safe leave. The "Accrued Sick and Safe Leave Act of 2008," which was approved by the Washington D.C. Council earlier this year, takes effect on November 13, 2008.
By Robert Klingler
On October 20, 2008, the Department of the Treasury released an interim final rule describing the executive compensation provisions that will govern all financial institutions that participate in the TARP Capital Program.
By Stuart Johnson, Robert Klingler, Kathryn Knudson, Amanda Norcross
On Monday, September 22, 2008, the Federal Reserve Board issued a policy statement easing the limitations on private equity investments in banks and bank holding companies
By Frank Crisafi, Michael Rafter
On July 30, 2008, President Bush signed into law the “Housing and Economic Recovery Act of 2008,” which liberalizes some of the tax rules governing real estate investment trusts proposed by NAREIT in 2007.
By Cynthia Berry, Julius Hobson Jr., Harry Sporidis, Leah Stone, Steven Stranne
As part of their campaigns for the presidency, both Senator McCain and Senator Obama have outlined health care reform proposals that aim to provide access to affordable health care.
By Robert Klingler, Kathryn Knudson, Walter Moeling IV
On October 14, 2008, Treasury Secretary Paulson and FDIC Chair Bair announced the TARP Capital Purchase Program and the FDIC Temporary Liquidity Guaranty Program.
By Christopher Rylands, Steven Schaffer
The Internal Revenue Service has recently announced the cost-of-living adjustments applicable to dollar limitations for tax-qualified retirement plans.
By Gwendolyn Godfrey, Wendy Hagenau
Section 546 of the Bankruptcy Code expressly provides certain limitations on the avoiding powers of a trustee in a bankruptcy case.
By Tobias Butler, Terry Childers, Stuart Johnson, Todd Wade
As November 4 approaches, low on the list of issues important to the typical American voter is an increase in the carried interest tax.
By Mitesh Patel, Michael Rafter
On July 29, 2008 the Delaware Chancery Court decided the case of Ryan v. Lyondell Chemical Company and found that despite a shareholder stock price well above the market rate, independent directors could be held to be personally liable for their role in approving a cash merger.
By Robyn Farmer, Marilyn Fish, Kathryn Vargo
On September 26, 2008, President Bush signed into law the ADA Amendments Act of 2008, thereby enacting legislation designed to reverse a series of employer-friendly U.S. Supreme Court opinions interpreting the Americans with Disabilities Act.
By John Bush, Eric Schroeder
A federal district court has ruled that an unauthorized fan encyclopedia compiling and describing characters, concepts and events in the “Harry Potter and . . .” book series violates author J.K. Rowling’s copyrights in the works.
By Stuart Johnson, Robert Lystad, Kevin McGill
In R&R Capital, LLC v. Buck & Doe Run Valley Farms, LLC, CA No. 3803-CC (Del. Ch. Aug. 19, 2008), the Delaware Court of Chancery considered the enforceability of a provision in a limited liability company operating agreement whereby a member waived its right to seek judicial dissolution or the appointment of a receiver for the company.
The federal low-income housing tax credit is a credit available to investors, including banks, over a ten year period and is based upon a percentage of the cost of construction of a multifamily apartment complex.
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