Blank Rome LLP

Non-GAAP Financial Measures – Agenda Item for Upcoming Audit Committee Meetings

On June 27, 2016, SEC Chair Mary Jo White delivered a speech, which focused, in part, on non-GAAP financial measures, which have become the new old “hot button” issue for the SEC. Chair White strongly urged companies to…more
| Business Organizations, Finance & Banking, Securities Law

New Proposed IRS Regulations Have Potential Broad Implications for Deferred Compensation and Severance Arrangements of Tax Exempt Organizations

Action Item: On June 22, 2016, the Internal Revenue Service (“IRS”) issued long-awaited proposed regulations under Section 457 of the Internal Revenue Code that could significantly impact the deferred compensation and severance…more
| Business Organizations, Labor & Employment Law, Taxation

An Overview of HB 2150, Preliminarily Approving Expanded Gaming in Pennsylvania

Action Item: The Pennsylvania legislature is poised to expand gaming significantly to include interactive gaming and fantasy sports, among other major changes. Be prepared for these developments which will create opportunities…more
| Art, Entertainment, & Sports Law, Elections & Politics

Updated Guidance on the Cybersecurity Information Sharing Act of 2015

Action Item: On June 15, 2016, the U.S. Department of Homeland Security (“DHS”) and the U.S. Department of Justice (“DOJ”) jointly issued a notice announcing the availability of the Cybersecurity Information Sharing Act of 2015…more
| Privacy, Science, Computers, & Technology

Final Rule On Inspection Of Towing Vessels Published After 12 Years In The Making

Action Item: The recently published Subchapter M Final Rule establishes a comprehensive safety system and inspection program for towing vessels. Stakeholders involved in the operation or ownership of towing vessels should…more
| Maritime Law, Transportation

Los Angeles Expands Sick Pay Obligations Beyond Current State Law Requirements

Action Item: On June 2, 2016, Mayor Garcetti signed Los Angeles’ new Minimum Wage Ordinance (“the Los Angeles Ordinance”), which effectively affords employees who work in the City of Los Angeles twice the amount of paid sick…more
| Labor & Employment Law

When Not to Rely: Non-Reliance Disclaimers after FdG

Action Item: To be effective in protecting a seller, acquisition agreements must contain a clear statement as to the disclaimer of reliance on extra-contractual representations and warranties and such disclaimer must come from…more
| Business Organizations, Mergers & Acquisitions

Mainbrace: June 2016 (No. 3)

As the July 1, 2016, effective date for the SOLAS Regulation VI/2 amendments quickly approaches, unanswered questions and difficulties complying with varied international and domestic implementations loom large. In an effort to…more
| Bankruptcy, Business Organizations, Maritime Law, Transportation

The Use of Drones in the Construction Industry: Are You Prepared?

Action Item: Anyone in the construction industry who is using drones in their business (or allowing contractors to use drones on their property) must be aware of the applicable laws and regulations, and should also check on…more
| Construction Law, Transportation

Coming to a Government Contract Near You: Mandatory Information Safeguarding Requirements

The government recently finalized a sweeping amendment to the Federal Acquisition Regulation (“FAR”) that will impose basic information system safeguarding requirements on many federal acquisitions, marking the latest in the…more
| Government Contracting, Privacy, Science, Computers, & Technology

Pittsburgh Penguins Are the Energy Story of the Year!

Pittsburgh coal may be dead, but the NHL’s Pittsburgh Penguins are the “energy” story of the year—maybe the century. At the turn of the New Year, the Penguins were deader than a rusty, retired coal plant. The team appeared…more
| Energy & Utilities

SOLAS Verified Gross Mass (“VGM”) Countdown: Will You Be Ready on July 1, 2016?

Action Item: With less than 30 days remaining before the July 1, 2016, effective date of the new International Convention for the Safety of Life at Sea (“SOLAS”) Regulation VI/2 amendments, the International Maritime…more
| International Law & Trade, Maritime Law, Transportation

Unforeseen Consequences of Hacking: When Someone Wants To Use Your Cybercrime Misfortune Against You In A Litigation

Companies that are hacked face a range of repercussions, such as notifying clients and customers that the privacy of their information has been compromised and implementing a new security system. In July 2015, it was highly…more
| Civil Procedure, Privacy, Science, Computers, & Technology

Human Trafficking Regulations to Be Updated to Define “Recruitment Fees”

Government Contractors should be aware of how a new proposed definition of the term “recruitment fees” in the human trafficking clause will impact their hiring practices and should prepare now for compliance. In the latest…more
| Government Contracting

The U.S. Election: Evaluating the Ramifications for Maritime

A proverb common to both Greek and Turkish cultures states that a wolf may change its fur, but does not change its nature (? ????? t?? t???a a????e?, t? ???? de? t`a????e? /Kurt tüyünü degistirir, huyunu degistirmez). In…more
| Elections & Politics, International Law & Trade, Maritime Law
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Contact

One Logan Square
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Philadelphia, PA 19103-6998, United States

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Areas of Practice
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