PEPPER HAMILTON - CLIENT UPDATE Steven D. Bortnick | bortnicks@pepperlaw.com Timothy J. Leska | leskat@pepperlaw.com In March 2009, Sen. Carl Levin (D-Mich.) introduced the Stop Tax Haven Abuse Act (S. 506) (the “2009 Act”) to “stop tax cheats” and target “off-shore tax abuses that rob the U.S. Treasury.” Although most of its provisions never were enacted, it did lead to the passage of sweeping withholding and information-gathering rules contained in the Foreign Account Tax Compliance Act (FATCA). Sen. Levin, through his Cut...

Pepper Hamilton LLP Client Alert  - April 2, 2012 The Consumer Financial Protection Bureau (the Bureau) announced a proposed rule (the Proposed Rule) to codify protections for privileged information obtained by the Bureau from financial institutions and other entities it supervises. The Proposed Rule provides that any supervised entity that submits privileged material to the Bureau (such as communications with counsel) in the course of the supervisory process does not waive the privilege. On March 26, 2012, the House of Representatives...

Schumer's Legislation, the "JOLT" Act - Will Reform Outdated Visa Laws to Allow Increased Business and Leisure Travel from Countries Like Poland. Increased Business and Leisure Travel from Poland Will be A Win-Win for Polish Visitors and the U.S. Economy Schumer: Polish Citizens Fight Alongside Americans in Afghanistan But Can't Visit the U.S. Without A Visa - Time to Stop U.S. Senator Charles E. Schumer today announced that he was pushing to make Poland eligible for the Visa Waiver Program (VWP)...

The M&A Advisor today announced the winners and finalists of the 3rd Annual 40 UNDER 40 M&A Advisor Recognition Awards – Eastern Region. The M&A Advisor, renowned globally for its recognition and presentation of leading M&A, financing and turnaround professionals, created this recognition awards program to promote mentorship and professional development amongst the emerging business leaders. The 2012 40 UNDER 40 Award Winners and Finalists have been chosen for their accomplishments and expertise from a pool of prominent nominees by an...

After years of headline-grabbing settlements and large, industry-wide investigations of U.S. Foreign Corrupt Practices Act ("FCPA") violations, 2011 marked a slowdown in the pace of the U.S. enforcment actions. However, 2011 did have the most FCPA trials in the statute's hsitory, and several resulted in key judgments, especially those relating to the definition of a "foreign official," that will impact future enforcement of the statue. A review prepared by The International Law Firm of Fulbright & Jaworski can be found here.

Barbara D'Aquila and Patrick Gallagher of Fulbright & Jaworski discussed the fundamentals and best practices to protect the company's greatest asset — intellectual property — when dealing with employees and independent contractors. The panel reviewed the basics including default ownership rules when there is no agreement key points to contemplate when drafting employment contracts and independent contractor agreements governing intellectual property, such as: consideration, governing law, pre-invention assignment clauses, and other important concepts. This Forum provided a review of best practices at the beginning, during, and end...

Data protection law is about to undergo the most fundamental change in 15 years. The EU’s Justice Commissioner, Viviane Reding, announced in January a proposal for reform of the EU data protection regime. If passed into law, the proposed changes would require businesses to make some significant changes to how they currently process and use personal data. The new rules will represent nothing less than a complete overhaul of the current data protection regime. Assuming the proposed reforms are adopted,...