Locke Lord LLP

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Other U.S. Locations
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Number of Attorneys
400+ Attorneys

BIS Issues Export Guidance to ‎Academia

On August 14, 2024, the U.S. Department of Commerce's Bureau of Industry and Security (“BIS”) issued guidance to the U.S. academic community regarding compliance with export controls and to protect U.S. national security…more
 /  International Law & Trade

Cooperation Agreements Help Distressed Lenders Negotiate as One

Cooperation agreements are a new tool for distressed debtholders seeking to negotiate from a position of unity and strength. These agreements can also help debtholders defend themselves against a growing opportunistic strategy…more
 /  Bankruptcy, Finance & Banking

Revisions to Chapter 517, F.S., the Florida Securities and Investor Protection Act

Overview On May 10, 2024, the Florida Governor approved Senate Bill 532 (“SB 532”), which passed the Florida House and Senate by nearly unanimous vote (1 vote against in the Senate). SB 532 substantially revises Chapter 517,…more
 /  Finance & Banking, Securities Law

OFAC Issues General Licenses, Updates FAQ, and Issues New Blocking Rule and Reminder to File Annual Blocked Property Report

On September 5, 2024, the Department of the Treasury's Office of Foreign Assets Control (“OFAC”) released General License (“GL”) 108 (“Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons…more
 /  International Law & Trade

Key Employer Updates for 2024/2025 – ‎Part One in This Series: Offer Letters and Job ‎Descriptions

As Q4 approaches, many employers are completing 2024 goals and setting 2025 goals, including updating their key employment policies and agreements to ensure they align with ever-evolving federal, state, and local laws and…more
 /  Labor & Employment Law

FINCEN Adopts New Rule on Cash Sales ‎of Residential Real Estate

On August 29, 2024, the Financial Crimes Enforcement Network (“FinCEN”) published a final rule (the “Rule”) requiring reports by “reporting persons” concerning real estate transfers to a legal entity or trust of certain…more
 /  Finance & Banking, Real Estate - Residential

OFAC Amends Cuban Assets Control Regulations and Issues New FAQs for U-Turn Transactions

On August 27, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced amendments to two key FAQs (FAQs 736 and 757) concerning the Cuban Assets Control Regulations (“CACR”). These FAQs…more
 /  International Law & Trade

Independent Contractor Misclassification Lawsuits Involve Record Label Artists, Imam, ‎and Recyclable Sorters: August 2024 IC Legal News Update‎

The legal developments in the area of independent contractor misclassification and compliance last month include cases against a record label company, an Islamic Center, and a waste recycling company. Lawsuits for IC…more
 /  Labor & Employment Law

Orange Is the New Black – Cancellation Decisions Confirm Distinction Between Colours and Names of Colours

The EUIPO Cancellation Division has partially upheld cancellation applications against ORANGE marks in respect of certain goods in Classes 11, 16, 18 and 25. Originally published in the August 5, 2024 edition of World…more
 /  Intellectual Property

U.S. Anti-Boycott Pitfalls

In a recent enforcement action, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) imposed a civil penalty on a U.S. company for violations of the antiboycott provisions under Part 760 of the Export…more
 /  International Law & Trade

Some Individuals Acting as Franchisees Are Independent Contractors Under Massachusetts’ Strict Classification Test

7-Eleven has been defending its position for years that individuals operating as franchisees of its retail stores in Massachusetts are not employees under that state’s strict Independent Contractor Law but rather are exempt from…more
 /  Labor & Employment Law

BIS Issues New FDP Restrictions on Goods Destined for Iran

On April 24, 2024, President Biden signed into law the "Making Emergency Supplemental Appropriations for the Fiscal Year Ending September 30, 2024, and for Other Purposes" Act. This law mandates that the United States regulate…more
 /  International Law & Trade

What Do Diamonds, Safety and the Environment Have in Common? OFAC New General Licenses and FAQs

On August 23, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License (“GL”) 103 ("Authorizing Transactions Related to Imports of Certain Diamond Jewelry Prohibited by…more
 /  International Law & Trade

Duty to File and Update U.S. Corporate Transparency Act Beneficial Ownership Reports

As reported in our earlier QuickStudies on the Corporate Transparency Act (the “CTA”) and the Regulations adopted by the Financial Crimes Enforcement Network (“FinCEN”), each company in existence on or after January 1, 2024 that…more
 /  Business Organizations, Finance & Banking

FinCEN Proposes AML/CFT ‎Augmentation Rule

On June 28, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a Notice of Proposed Rulemaking (“NPRM”) intended to strengthen and modernize U.S. financial institutions’ anti-money…more
 /  Finance & Banking
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