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Labor & Employment Construction Finance & Banking

Read need-to-know updates, commentary, and analysis on Labor & Employment issues written by leading professionals.

Third Circuit Rejects Contractor’s Challenge To Arbitral Jurisdiction Based On Failure To Comply With Agreement’s Procedural...

by Carlton Fields on

The Third Circuit affirmed a lower court’s ruling against a contractor challenging an arbitrator’s authority in ordering payment of delinquent contributions to employee benefit funds. Plaintiff (“Nolt”) signed a Project Labor...more

Double-Breasted Company Owners, Officers Can Be Indicted for Underpaying Benefit Contributions

by Holland & Knight LLP on

The U.S. District Court for the District of Massachusetts held in September that the shareholders and officers of a double-breasted construction company can be indicted and could go to prison if the government proves they...more

Court of Appeals Holds CityCenterDC P3 Not Subject to Davis Bacon Requirements

by Nossaman LLP on

Public agencies and private entities are increasing collaboration to develop, operate and maintain a variety of transportation and building projects. The involvement of a public agency in these “public-private partnerships”...more

The ERISA Litigation Newsletter - May 2016

by Proskauer Rose LLP on

Editor’s Overview - In this issue of Proskauer's ERISA Litigation Newsletter, we review a recent ruling by the Tenth Circuit Court of Appeals concerning the application of controlled group principles to the building...more

The New Italian Public Procurement Code

by Latham & Watkins LLP on

The Italian Council of Ministers approved a new Legislative Decree reforming the Italian Public Procurement regulation, implementing Directives 2014/23/EU, 2014/24/EU and 2014/24/EU. On April 18, 2016, the Italian...more

Davis-Bacon Act Not Applicable to D.C. Public-Private Partnerships

by Holland & Knight LLP on

In a sharp rebuke to the Obama Administration's Department of Labor (DOL), a unanimous panel of the U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Davis-Bacon Act does not require payment of...more

2016 Ontario Budget: C$160-Billion Boost to Infrastructure Paves Way for Job Creation

On February 25, 2016, the Ontario government (Province) released its 2016 budget, titled “Jobs for Today and Tomorrow” (Budget). The Budget focuses on economic growth and job creation across Ontario. Investments in...more

Perspectives - February 2016

by Benesch on

I Just Received Drafts of Construction Loan Documents from My Lender, Now What? I have heard the following statement many, many times over the course of my career: “Do I really need to hire an attorney to close a simple...more

Russia: Economic Sanctions on Turkey

by White & Case LLP on

On 29 December 2015, the Russian Government adopted Resolutions No. 1457 and No. 1458 specifying the scope of sanctions and restrictions which were imposed by the President Decree No. 583 and further extended by Decree No....more

Congress Extends EB-5 Again Without Changes Despite Months of Legislative Meetings, Lobbying, Proposals, and Negotiations

by Ballard Spahr LLP on

In what is considered a significant victory for real estate developers, Congress capped off months of handwringing and numerous proposals by extending the EB-5 Immigrant Investor Program without amendment until September 30,...more

Controlling the Domino Effect: Russia & CIS Hotel Market 2015-2016 Survey Report

by DLA Piper on

This is the first year we have run this survey for the Russia & CIS region and we have had a very good response rate from top leaders in the industry who shared their views of the current situation...more

Reform on the horizon for the popular EB-5 Program

The 2016 political season has kicked into high gear, sparking lively discussions about major issues affecting the country. Two of the most significant issues being debated among the candidates are the economy and immigration....more

Preview of Potential Changes to EB-5 Immigration Program: Source of Financing for Construction and Hospitality Projects

by Franczek Radelet P.C. on

With the impending expiration of the Immigrant Investor Visa Program, also known as EB-5, in September, bipartisan legislation has been proposed in Congress to renew and improve the Program. The proposed changes could...more

EB-5 ALERT: SENATE REAUTHORIZATION WILL REDUCE FINANCING FOR U.S. CONSTRUCTION PROJECTS BY CHANGING THE JOB COUNT REQUIREMENTS

The proposed Senate Bill reauthorizing the EB-5 Regional Center Program would restrict the types of projects that can be funded with EB-5 financing and amount of funds that can be raised with EB-5 financing. The Senate...more

Amendments to Ohio P3 Legislation Add Bonding Requirements with a Twist

It is no secret within the construction industry that public-private partnership (P3) project delivery has recently become all the rage. The demand for infrastructure repairs and improvements is high, and the public dollars...more

Comparison of Economic Development Incentives for South Carolina and North Carolina

by Nexsen Pruet, PLLC on

In This Presentation: - Business Consideration – Electricity Rates - South Carolina vs. North Carolina - Corporate License Fees/ Franchise Taxes - Income Tax Rates (C Corps) - Income Tax...more

Economic and Fiscal Impact of “Line Jumpers”

by Nexsen Pruet, PLLC on

In This Presentation: - What’s a “Line Jumper”? - Today’s Example - Jobs - Capital Investment - Construction Impact - Fiscal Impacts from Construction - Employment Impacts...more

OFCCP Announces 2013 Agenda

by Proskauer Rose LLP on

On December 21, 2012, the Office of Federal Contracts Compliance Programs ("OFCCP") published its 2013 regulatory goals in the Unified Agenda of Regulatory and Deregulatory Actions ("Unified Agenda"), as required by Executive...more

Federal Reserve Summary of Commentary From All 12 FedReserve Districts: A Synopsis of the Federal Reserve Board's View of the...

by Rosa Eckstein Schechter on

The Federal Reserve Board has taken information provided by all twelve of the Federal Reserve Districts as of May 25, 2012, and put all this data together in one Summary of Commentary on where our economy is at right now. ...more

Beware Interim Lien Waivers!

by Nexsen Pruet, PLLC on

The North Carolina Court of Appeals recently restored order to the use of interim lien waivers in North Carolina. The Court of Appeals issued its opinion in Wachovia Bank N.A. v. Superior Constr. Corp., COA10-1158, on July...more

Developer Must Pay Prevailing Wages For Privately Financed Public Improvements

California Labor Code sections 1720 et seq. (the Prevailing Wage Law) ("PWL") require employers engaged in public works projects to pay the prevailing wage to their employees if the project is "paid for in whole or in part...more

Il mondo della salute tra sostenibilità finanziaria e governance federalista

by Nicola Carmine Salerno on

::: Presentazione del Rapporto Salute 2010 ::: "Il mondo della salute tra sostenibilità finanziaria e governance federalista": è questo il titolo del rapporto curato dall'Ufficio Studi di IntesaSanpaolo e...more

General Contractors' Liability to Subcontractors' Employees On Public Infrastructure Projects

As residential and commercial construction markets evaporate and contractors fight for survival, new opportunities are appearing in the form of public infrastructure projects. The federal government is pouring money into...more

Companies Seeking Stimulus Funds Should Expect a More Aggressive OFCCP

by Littler on

As part of the Obama administration's commitment to accountability in spending under the American Recovery and Reinvestment Act (ARRA), the federal Office of Federal Contract Compliance Programs (OFCCP) will be tracking its...more

Legal Alert: Protecting Projects with CFD Financing from Prevailing Wage Requirements

by Allen Matkins on

The California Director of Industrial Relations (the "DIR") recently issued a public works coverage determination (the "Determination") that provides valuable insights for developers seeking financing for public...more

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