This article focuses on a few key provisions of the USA PATRIOT Act that are applicable to banks and the challenge of international banks to comply with them. While the USA PATRIOT Act has been in the news lately regarding reauthorization of some of its more controversial provisions, the provisions...
The enactment of new footwear provisions for the Caribbean Basin Trade Partnership Act CBTPA on December 3, modifies CBTPA by making virtually all U.S. footwear imports from Central America and the Caribbean including the Dominican Republic duty-free under very flexible rules of origin that allows the use of third-country uppers....
In order to make taxpayers aware of the most important provisions of the Jobs Act, below this report sets out an Executive Summary of the new rules and a very brief, non-technical overview of the portions of the Jobs Act most significant to the vast majority of Morgan Lewis' clients....
When looking into retirement investing options, one may have come across the term 'Stretch IRA'. This is actually not a category of IRA, such as a Traditional, Roth, SEP or SIMPLE IRA; instead, it is more like a financial-planning or wealth-management concept that acts as a provision of the IRAs...
The majority of this paper focuses on the provisions in the Privacy and Electronic Communications EC Directive Regulations 2003 (the "E-Privacy Regulations") on the use of phone, fax, SMS and - especially - e-mail for direct marketing, and how these issues are addressed in the new Guidance on the E-Privacy...
The Sarbanes-Oxley Act of 2002 directs the Securities and Exchange Commission SEC to adopt rules regarding inclusion of procedures for financial reporting in the internal control report of the company. This way the Act seeks to properly document and institutionalize these procedures. The aforesaid provision is contained in Section 404...
From the executive summary: ‘Most provisions of the Sarbanes-Oxley Act apply only to public companies, but there are certain provisions that are of general application and extend beyond public companies. The paper summarizes certain provisions of the Act that apply to private companies and to individuals that are not officers,...
This article defines different labour laws covering the information of acts like : 1.The Contract Work Hours & Safety Standards Act 2.The Copeland “Anti-Kickback” Act 3.The Davis-Bacon & Related Acts 4. Executive Order 11246 5. The McNamara-O’Hara Service Contract Act etc. It explains the basic provisions and...
Although the federal government formally opposes using marijuana for medicinal purposes, many states have had laws enabling such use since the mid-1970s. Driven by the attitudes of various medical, professional, and policy groups, these state laws have evolved in support of different positions, resulting in a patchwork of approaches. As...
From the executive summary: 'While most of the provisions of the Sarbanes-Oxley Act apply by their terms only to public companies, some of the provisions also apply to private companies. Other provisions may serve as "best practices" that well-governed private companies may wish to adopt.' The paper examines implications of...
Whistleblowers are persons who report irregularities or misconduct to higher authorities in organizations. The Sarbanes-Oxley Act of 2002 contains provisions for protecting the whistleblowers’ interests in the organization. The paper examines these provisions and elucidates their implications.
A recent Act seeks to usher in corporate reforms by imposing new accounting requirements and penalties for violating securities laws. These rules govern the public companies. The Act requires that companies encourage employees to come forward with information regarding potential corporate fraud. It prohibits employers from retaliating against employees who...
The new German Takeover Act contains anti-takeover provisions that reject the "board neutrality/shareholder choice" of the rejected draft of the 13th Directive. These anti-takeover provisions may have a particular albeit temporary justification as part of negotiating strategy to obtain a Directive with a "level playing field" approach to a wide...
This paper examines the Sarbanes-Oxley Act’s statutory provisions, and corresponding regulations issued by the Securities Exchange Commission. It explore possible gaps in the legislation as the details regarding implementation evolve with a focus on whether the Act is accomplishing the goals so eloquently stated by Congressman Oxley. The Sarbanes-Oxley Act...
The Sarbanes-Oxley Act of 2002 was signed by the President and became law on July 30, 2002. Enacted in response to recent corporate scandals and stock market uncertainty, the Act makes sweeping changes to the law applicable to public companies, including those that are organized outside of the United States,...
On July 30, 2002, President Bush signed into law accounting reform legislation, known as the Sarbanes-Oxley Act, the act that primarily addresses accounting, financial reporting, and related matters. The Act, however, also contains provisions affecting retirement plans and executive compensation arrangements, including provisions: such as requiring advance notice of blackout...
The Sarbanes-Oxley Act was enacted to prevent the fraudulent activities occurring in the corporate world. The provisions laid down in the Act created quite an impact on companies, as they became more vigilant in their working. The provisions also resulted in creating transparency within companies. Because of the success of...
Some of these provisions include protections for employees, new and increased individual penalties, and employment benefits regulation. All these provisions have been discussed in detail. Congress passed the Sarbanes-Oxley Act of 2002 hurriedly, and some of the statutory language reflects this fact. In light of the current political climate, employers...
In July 2002, President Bush signed the sarbanes-oxley act. This legislation effects the corporate governance policies of public companies with impact on their officers and directors. This act represents the attempt by congress to address their problems caused by companies like Enron and worldcom. A number of provisions of...
In July 2002, President Bush signed the Sarbanes-Oxley act. This legislation affects the corporate governance policies of public companies with impact on their officers and directors. This act represents the attempt by congress to address their problems caused by companies like Enron and WorldCom. A number of provisions of Sarbanes-Oxley...
