Member News

Member News

ACG Resources | The Hidden Costs of an Empty Desk

It isn’t overly difficult to calculate the costs of sourcing, hiring, and training a new employee. These are all tangible, recordable costs that can be easily tracked. But what happens if you fail to fill that position in a timely manner? The losses to the company may appear in a variety of ways, but it can be far more difficult to ascribe a dollar value to them. These “empty desk” costs can add up to cost your organization significant...

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Cozen O’Connor | President Biden Lifts COVID-19 Travel Ban

President Biden has announced that the current COVID-19 travel bans impacting visitors to the United States will end on Monday, November 8, 2021. This current presidential proclamation will eliminate the travel restrictions set forth in the previous presidential proclamations from 2020 and 2021 as they relate to the suspension of entry into the United States of persons physically present in Brazil, China, India, Iran, Ireland, the Schengen Area, South Africa, and the United Kingdom. In place of these restrictions,...

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Arendt | New taxonomy-related disclosures RTS published

Despite the delay to level II announced by the European Commission ("EC") at the beginning of the summer 2021, the last few months have been busy for sustainable finance! The market was given plenty of valuable information on the direction of travel of the EU sustainable finance agenda – from the EC’s announcement of the Renewed Sustainable Finance Strategy on 6 July 2021, to its answers later that same month to the Q&A raised earlier this year by the ESAs...

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Vulcan Insight | ECJ fines Poland €1 million per day over judicial reforms

The long-running tension between the European Union and Poland over judicial reforms and the independence of the judiciary in the central European country took a fresh turn this week. As requested by the European Commission on 7 September, the Court of Justice of the EU (CJEU) this week moved to take the unprecedented step and ordered Poland to pay €1million per day in fines until it responded and implemented the CJEU’s July ruling on the subject. The fine is the highest...

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Wilson Sonsini | Intrusion Preclusion: BIS Issues Long-Awaited Controls on Cybersecurity Items, Creates New License Exception

On October 21, 2021, the Department of Commerce’s Bureau of Industry and Security (BIS) issued an interim final rule (the rule) implementing expanded export controls on cybersecurity items based on the belief that these items “could be used for surveillance, espionage, or other actions that disrupt, deny or degrade the network or devices on it.” The new controls on cybersecurity items stem from the 2013 addition by the Wassenaar Arrangement1 (WA) of cybersecurity items, including intrusion software to Wassenaar’s list...

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Marks Paneth | Tax strategies make life sciences a strong real estate investment

The life sciences industry is expanding at an unprecedented rate, and the development of related technologies requires a great deal of commercial real estate space. This presents an opportunity for investors to capitalize on the development of spaces for the evergreen life sciences industry. Life sciences companies were once found primarily in New England. Newer companies are currently exploring other locations on the east coast, particularly New York City and the Tri-State area. Life sciences companies seek locations with robust...

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Portolano Cavallo | Ten tips for starting an innovative and sustainable new business

Nowadays, a company that wants to be successful will almost always need to deal with the challenge of innovation and sustainability.  Innovation and sustainability typically involve the business model or the services or products offered by the company. However, they can also have impact on a company’s operations and organization. Indeed, a flexible and forward-looking corporate structure can be crucial to the growth and development of a startup. Below are ten tips for managing and developing a new business in an...

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Troutman Pepper | SEC Signals Shift Away From “Neither Admit Nor Deny” Approach to Settling Enforcement Actions

The Securities and Exchange Commission (SEC) plans to return to a policy, requiring companies to admit wrongdoing to settle certain enforcement actions, according to the SEC Division of Enforcement Director Gurbir Grewal. Grewal, speaking at the Practising Law Institute’s October 13 SEC Speaks conference, said the agency will require “admissions in cases ‘where heightened accountability and acceptance of responsibility are in the public interest.’” Grewal told attendees that “hen it comes to accountability, few things rival the magnitude of wrongdoers admitting that they...

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Ogletree Deakins | IRS Lifts Barriers to Help Address Labor Shortage Due to COVID-19

As employers across the country are facing critical labor shortages, the Internal Revenue Service (IRS) has stepped in, attempting to help by removing barriers that may have previously stopped employers from rehiring retirees and dissuaded many workers from continuing to work after reaching retirement age. The IRS recently provided guidance in the form of answers to two new frequently asked questions (FAQs) on its website to alleviate two common concerns relating to the payment of retirement benefits to employees who are still...

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ACG Resources | Recovering from a Bad Hire

A bad hire can be a costly, frustrating, and time-consuming mistake. The US Department of Labor has estimated that the cost of a single bad hire equals up to 30% of the employee’s first-year salary. The time and money spent to find, hire, and train these bad hires will all be for naught, and what’s worse is that you will still be on the hook to repeat the process when you inevitably must replace the employee who didn’t work...

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