On January 24, 2024, the U.S. Securities and Exchange Commission (“SEC”) adopted new rules relating to initial public offerings (“IPOs”) of special purpose acquisition companies (“SPACs”) and the subsequent combination of SPACs with target companies (“de-SPAC transactions”). The new rules adopted by the SEC seek to enhance disclosures and provide additional investor protections in SPAC and de-SPAC transactions.
Read moreFollowing President Biden’s October 2023 Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, governmental agencies, including the Department of Justice (DOJ), have made artificial intelligence (AI) a top priority. Companies and individuals should take note.
Read moreA significant new law, the Corporate Transparency Act (“CTA”), took effect on January 1, 2024. This legislation requires certain businesses to report Beneficial Ownership Information (“BOI”) to the Financial Crimes Enforcement Network (“FinCEN”), a division of the U.S. Department of Treasury. The CTA aims to enhance transparency and combat illicit activities such as money laundering and tax evasion.
Read moreRussia is the largest diamond producer in the world, earning €4 billion in the diamond trade in 2023. The global natural diamond jewelry market is approximately $87 billion. Alrosa, which is 33% owned by the Russian government, is the world’s largest producer, by volume, of natural diamonds, and produces almost all Russian diamonds.
Read moreOn February 21, 2024, the IRS announced its plans to begin dozens of audits on business aircraft involving personal use. The agency indicated that these audits will focus on aircraft usage "by large corporations, large partnerships and high-income taxpayers and whether for tax purposes the use of jets is being properly allocated between business and personal reasons."
Read moreOn December 22, 2023, New York Governor Kathy Hochul signed Senate Bill S995B, also referred to as the “LLC Transparency Act,” into law.
The Kentucky Supreme Court recently handed down a pair of opinions providing significant guidance for parties to medical malpractice cases. Here, two of Lewis Brisbois' partners explore the key takeaways from these decisions for medical providers.
Read moreThe State of Georgia saw several developments in labor and employment law in 2023 focused on employee leave entitlements and vaping prohibition.
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