United States Takes First Step in Liberalizing Sanctions on Burma by Pillsbury Winthrop Shaw Pittman LLP on 4/25/2012 On April 17, 2012, the Department of the Treasury's Office of Foreign Assets Control (OFAC) released new General License 14-C, which authorizes financial transactions under specified circumstances in support of humanitarian,...more
Bribery Risks and Charitable Giving by Michael Volkov on 4/19/2012 The FCPA paparazzi has a standard list of anti-corruption risks: government interactions, third-party due diligence, gifts and entertainment, and mergers and acquisitions/joint ventures. Notice that charitable giving is not...more
United States Eases Sanctions on Financing for Development Organizations in Burma by Foley Hoag LLP - Corporate Social... on 4/18/2012 On April 17, the U.S. Treasury issued new General License No. 14-C, which relaxes sanctions on financial services with respect to certain humanitarian and not-for-profit activities in Burma. This License allows...more
The New Canada Not-For-Profit Corporations Act Finally Comes Into Force! by Heenan Blaikie LLP on 4/16/2012 April 2012 — Since the early 1970s, no less than seven bills were introduced in Parliament and died on the Order Paper. The new Canada Not-for-profit Corporations Act (S.C. 2009, c. 23) (the “New Act”) was assented to June...more
The New Proposal for a Regulation on the Statute for a European Foundation: Towards Harmonizing the Regime for Foundations... by McKenna Long & Aldridge LLP on 4/6/2012 I. INTRODUCTION On February 8, 2012 the European Commission (hereinafter “EC”) published a proposal for a European Foundation Statute in order to facilitate the cross-border activities of public benefit purpose...more
Tax News and Developments - March 2012 by Bryan Cave on 4/3/2012 In This Issue: Current Events: Expanded U.S. Reporting Requirements for Taxpayers with Foreign Assets and New Voluntary Disclosure Program By Alan I. Appel and Gregory J. Galvin.... 1 Natural Resources: Recent...more
FOREIGN STUDENTS IN THE UNITED STATES by NPZ Law Group, P.C. (f/k/a Nachman &... on 1/11/2012 The Congressional Research Service (CRS) provided a detailed report to the Congress regarding the Policies and Legislation pertaining to Foreign Students in the United States. The relevant portions of this report, which...more
OBLIGATION IGNORED: WHY INTERNATIONAL LAW REQUIRES THE UNITED STATES TO PROVIDE ADEQUATE CIVIL LEGAL AID, WHAT THE UNITED STATES... by Zach Zarnow on 12/25/2011 Exploring international legal obligations to provide civil legal aid, assessing U.S. compliance, and suggesting improved civil legal aid through the use of Legal Empowerment techniques that have been successful in other...more
Gesellschaftsrecht Non-Profit Organisationen - Internationale vs. nationale Vereinigungen ohne Gewinnerzielungsabsicht by Kocks & Partners Rechtsanwälte Belgien on 12/15/2011 Wer sich dafür entscheidet, einen Verein ohne Gewinnerzielungsabsicht in Belgien zu gründen, dem stehen grundsätzlich zwei Möglichkeiten offen: die Gründung eines nationalen Vereins („association sans but lucratif/...more
Considering Operations Overseas? - What Every Nonprofit Should Know Before Crossing US Borders by Venable LLP on 11/15/2011 Preliminary Considerations for Trade Activities Abroad Organizational Options - Specific/ Isolated Event v. Ongoing Presence ..Use of Association Management Company ..Host a...more
IRS Tutorial Explains the Special Rules for International Activities of U.S. Charities by Proskauer - Not for Profit/Exempt... on 10/2/2011 The IRS presents webinars on a variety of subjects. In August, the IRS presented a webinar conducted by two IRS representatives on the special rules affecting charities that make grants to foreign organizations or engage in...more
Business News Digest- September 2011 by Venable LLP on 9/19/2011 Venable attorneys produce periodic alerts and newsletters covering a variety of topics and practice areas. For your convenience, we have assembled below a collection of the latest alerts and newsletters from August 2011. To...more
WWW.What?: What the Impending New Domain Names Mean for Nonprofits by Venable LLP on 7/5/2011 Agenda: - What are domain names? - How does the domain name system (DNS) work? - Top-level domains - Internationalized domain names - New .XXX domain - New top-level domains - What do nonprofits...more
URGENT: Treasury Must Receive FBAR Filings by June 30 - for Most Filers by Proskauer - Not for Profit/Exempt... on 6/27/2011 As reported in our prior blog entry, the Report of Foreign Bank and Financial Accounts, Form TD-F 90-22.1 (“FBAR”) must be filed by a U.S. person that holds a financial interest in, or signature or other authority over, a...more
At The PCAOB, They Give No Words But “Mum” by Allen Matkins Leck Gamble Mallory & Natsis... on 6/20/2011 In March, the Public Company Accounting Oversight Board issued its first public research note. Entitled “Activity Summary and Audit Implications for Reverse Mergers Involving Companies from the China Region (January 1, 2007...more