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Elections & Politics General Business

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

New California Employment Law May Impact Acquired Employees' Compensation In The M&A Context

Effective January 1, 2018, California Labor Code Section 432.3 was amended to, among other things, prohibit any employer – public or private – from "seek[ing]" salary and compensation history from applicants for employment....more

In California, Proposed Legislation To Increase Insureds’ Recoveries From Their Insurance Policies

by Carlton Fields on

After devastating wildfires, California legislators proposed greater wildfire insurance protection, drafting a set of bills. The most important proposed changes are as follows...more

California Revised Its Contract Law To Protect Cannabis Contracts (Effective January 1, 2018)

by Fox Rothschild LLP on

California law requires all contracts to have a “lawful object”. Previously, this posed a problem for contracts involving cannabis since cannabis-related contracts are largely unlawful under federal law. On January 1, 2018,...more

TTB Gives Initial Guidance on Excise Tax Cuts

by Sherman & Howard L.L.C. on

The Alcohol and Tobacco Tax and Trade Bureau (TTB) has set up a Craft Beverage Modernization and Tax Reform website to provide industry members more information on how the TTB will implement portions of the Tax Cuts and Jobs...more

Florida Senate Health Committee Passes Bill Addressing Unconstitutional Requirement In Medical Marijuana Law

by Fox Rothschild LLP on

Following up on my post from earlier this week, the Florida Senate Health committee unanimously passed SB 1134 which would strip out the requirement that black farmers who want to obtain a coveted medical marijuana license be...more

Government Contracts Legislative and Regulatory Updates - January 2018

by Dentons on

Our January edition of "Government Contracts Legislative and Regulatory Update" offers a summary of the relevant changes that took place during the month of December. Highlights this month include: - President Trump...more

Brexit: Impact of 'No Deal' on Manufacturers and Importers

by Dechert LLP on

The European Commission has issued a Notice drawing attention to the legal ramifications of Brexit for industrial products placed on the EU-27 market in the event of no alternative arrangements being agreed for a transition...more

Five Important Employment Trends for Massachusetts Retailers in 2018

by Goulston & Storrs PC on

Having survived the holiday shopping season, retailers should begin to prepare for any new employment laws that will go into effect in the coming year (and, of course, should ensure that they are complying with existing...more

Growing Support for Legalized Marijuana in New England, Despite Uncertainty

by Wilson Elser on

Recent developments in three New England states indicate that popular support for legalized marijuana is growing, even as the federal government reverses the hands-off policy of the previous administration....more

AOB Reform Bill Passes Florida House, Senate Future Uncertain

On January 12, 2018, the Florida House of Representatives passed a bill (HB 7015) that would dramatically affect the way contractors and their lawyers use assignments of benefits (“AOBs”) in first-party property insurance...more

Treasury Department Urges SEC to Act on Life Company Products

by Carlton Fields on

The U.S. Department of the Treasury published an October 2017 report, "A Financial System That Creates Economic Opportunities — Asset Management and Insurance" in response to President Trump’s Executive Order 13772 on "Core...more

France Launches Online Consultation on Transforming the French Economy and Growing Business in France - PACTE

by Bryan Cave on

President Emmanuel Macron promised that he would transform and modernize the French economy and improve the legal and regulatory climate to facilitate the growth of business. To this end, the French Government has put forward...more

Congratulations to Vermont

by Burns & Levinson LLP on

Last week, the Vermont House and Senate passed H.511, which seeks to permit recreational- and adult-use marijuana in the state. The law would remove civil penalties by allowing individuals to possess one ounce or less of...more

Tax Law Changes Affecting Equipment Leasing Companies

by Baker Donelson on

The changes to the Internal Revenue Code of 1986 (the Code) under the Tax Cuts and Jobs Act (the Act) are quite favorable to equipment leasing companies. This memorandum is a brief summary of the most significant...more

New Tax Bill: Areas of Interest for Small Businesses

by PilieroMazza PLLC on

The Tax Cuts and Jobs Act of 2017 (the “Act”) provides the most comprehensive tax reform in more than three decades. Small and medium business owners will find that the Act reduces their total taxes both on an entity and an...more

2018 California Public Agency Laws – Part III - Cannabis, LAFCO Law and a Round Up of Other New Laws Impacting Public Agencies

by Best Best & Krieger LLP on

The California Legislature was busy in 2017, which means plenty of laws passed in Sacramento that will impact public agencies. In this three-part series, Best Best & Krieger LLP gives a comprehensive summary of the new laws...more

Sessions Isn’t Blowing Smoke—Marijuana Enforcement Is Back on the Books

by Blank Rome LLP on

At the beginning of January, Attorney General Jeff Sessions issued a one-page memorandum rescinding the Obama-era approach to marijuana enforcement, which had largely been “hands-off” on prosecuting marijuana users and...more

Commerce Submits Steel Section 232 Report to the President

by Husch Blackwell LLP on

On Thursday, January 11, the U.S. Department of Commerce formally submitted to the President the results of its investigation into the effect of steel mill product imports on U.S. National Security. The President now has 90...more

Welcome Ontario's new Construction Act

by Dentons on

On December 5, 2017, Bill 142, the Construction Lien Amendment Act, 2017 (the Bill), was passed by a unanimous vote of the Ontario legislature. The Bill incorporates almost all of the recommendations set out in an in-depth...more

Eurasia Group’s Top Risks 2018: Impacts for Canadian Business

by Bennett Jones LLP on

The Eurasia Group has released its annual forecast of the political risks that are most likely to play out over the course of 2018. As a Senior Advisor with Eurasia Group, I’m pleased to share the risks that have the greatest...more

Florida Judge Issues Temporary Injunction Regarding Portion Of Medical Marijuana Law

by Fox Rothschild LLP on

Last week, Leon County, Florida Circuit Judge Charles Dodson granted a temporary injunction sought by Columbus Smith regarding a portion of the Florida law passed last year to implement Amendment Two (medical marijuana). I...more

New Fed Cannabis Policy Hits California Local Government - Potential Fiscal Impacts and Confusion

by Best Best & Krieger LLP on

Just days after the sale of recreational cannabis became legal in California, U.S. Attorney General Jeff Sessions issued a new policy regarding cannabis-related activities that is causing confusion for local governments — and...more

Capital Markets & Public Companies Quarterly: 2018 Proxy Season Pointers, Disclosing the “Tax Cuts and Jobs Act,” Shareholder...

by McDermott Will & Emery on

The end of a year and beginning of the next generally starts the countdown to the public company proxy season. But before moving into 2018, registrants would be well served by first looking back to the guidance that came out...more

Obscure Provision of New Tax Act Complicates Testamentary Tax Planning for Nonresidents with U.S. Beneficiaries

by Charles (Chuck) Rubin on

Nonresidents with a significant portfolio of U.S. stocks typically use a non-U.S. corporation to hold their portfolio. This is because U.S. stocks are generally subject to U.S. estate taxes at the death of their owner, and...more

Effect Of The Sessions Memorandum On State Medical Marijuana Programs

by Fox Rothschild LLP on

Earlier this month, Attorney General Jeff Sessions issued a Memorandum rescinding the Obama Administration’s “hands off” policy with respect to the prosecution of licensed cannabis distribution in states where medical or...more

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