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On March 30th, the Federal Financial Institutions Examination Council (FFIEC) issued two Joint Statements1 on behalf of its members2 to warn financial institutions about the threats posed to various credentials by cyberattacks involving “destructive malware.” The Joint Statements should be a wake-up call to any enterprise not aware of the dangers of malware.
5/12/2015
Over the past few weeks, the internet has been abuzz over the battle raging between Jeremy Alcede, the former majority owner of CTIL, LLC, dba Tactical Firearms (the debtor), and the Bankruptcy Court for the Southern District of Texas.
4/30/2015
Public cloud computing services-- computing resources (such as networks, storage, applications, and services) purchased from another company (a “cloud services provider”)-- offer many potential benefits for businesses, among them economies of scale, lower capital costs, and improved accessibility.
4/10/2015
Organizations face a myriad of challenges during corporate restructuring relating to sale, purchase, or acquisition. To ensure compliance with applicable state, federal, and local laws, companies involved in such transitions should work closely with employment counsel to complete the due diligence process, which may involve the following activities:
3/25/2015
On March 9, 2015, in Perez v. Mortgage Bankers Ass’n, No. 13-1041, slip op. (U.S. Mar. 9, 2015), the United States Supreme Court effectively gave federal agencies carte blanche to interpret the regulations promulgated by those agencies without using a notice-and-comment procedure - even when a new interpretive rule is an about-face from a prior rule.
3/17/2015
In a slip opinion released on Monday, March 9, 2015, styled Perez v. Mortgage Bankers Ass’n, No. 13-1041, slip op. (U.S. Mar. 9, 2015), the United States Supreme Court effectively gave federal agencies carte blanche to interpret the regulations promulgated by those agencies without using the notice and comment procedure.
3/11/2015
For the past 40 years, OSHA has required the majority of employers with ten (10) or more employees to maintain records of workplace illness, injury, or death. Those same employers are also required to post the annual summary (300 logs) from February 1, through April 30, of the subsequent year (i.e., 2014’s summary is to be posted in 2015).
3/9/2015
According to the Comisión Nacional de Hidrocarburos (e.g., the National Hydrocarbons Commission; “CNH”), as of Tuesday, February 17, 2015, seven (7) additional companies have procured access to the data rooms from CNH in preparation for Mexico’s Licensing Round 1 shallow water tender.
2/18/2015
Update regarding Mexico’s Licensing Round 1 shallow water oil and gas tender. According to the Comisión Nacional de Hidrocarburos (e.g., the National Hydrocarbons Commission; “CNH”), as of Thursday, January 28th, 2015, twenty-three (23) companies have requested access to the data rooms from CNH in preparation for Mexico’s Licensing Round 1 shallow water tender.
2/6/2015
Effective January 1, 2015, Louisiana adopted the Louisiana Business Corporation Act (“Louisiana BCA”), which was drafted by Louisiana Law Institute’s Corporations Committee and replaces Louisiana’s Business Corporation Law. The Louisiana BCA is based on the Model Business Corporation Act (“MBCA”), a model act originally drafted fifty years ago by the American Bar Association Business Law Section Corporate Laws Committee.
2/5/2015
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