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HTMLU.S. Government Suspends Comprehensive Sanctions on Sudan
Cyril T. Brennan, Renee A. Latour; Greenberg Traurig, LLP;
Legal Alert/Article
March 23, 2017, previously published on February 8, 2017
Effective Jan. 17, 2017, the U.S. government significantly eased restrictions on transactions between U.S. persons and Sudan, against which comprehensive sanctions had previously been in place. Specifically, on Jan. 13, 2017, President Obama issued an Executive Order (EO), “Recognizing...

 

HTMLThe Fate Of EPA's Fracking Study Under Trump
Bernadette M. Rappold; Greenberg Traurig, LLP;
Legal Alert/Article
March 23, 2017, previously published on February 8, 2017
In these opening days of President Donald Trump’s administration, environmental discussions have focused on the efforts to address climate change, define waters subject to federal jurisdiction and reduce the size of the U.S. Environmental Protection Agency. But a little over a month ago, in...

 

HTMLFTC Files Complaint against Manufacturer of IoT Devices for Deficient Security Measures
Françoise Gilbert; Greenberg Traurig, LLP;
Legal Alert/Article
March 22, 2017, previously published on January 12, 2017
Electronic communications are crucial to the operation of devices connected to the Internet (IoT devices). Therefore, keeping these devices secure must be a high priority. Security vulnerabilities or deficiencies can both cause the unauthorized disclosure or modification of highly sensitive...

 

HTMLUnderstanding These Five Issues Will Ensure Your Business’ Labor Force Is Within Federal Compliance
Jamie R. Adams, Charles S. Birenbaum, Ian R. Macdonald; Greenberg Traurig, LLP;
Legal Alert/Article
March 22, 2017, previously published on January 10, 2017
A strong workforce - in the vineyard, cellar and tasting room - is one of the most important aspects of running a winery. Workers help provide customers with a unique experience, including an outstanding product and first-rate service. But labor and employment issues can cause headaches and...

 

HTMLCenter for Audit Quality Publishes Tool to Assist Audit Committees’ Oversight of New Revenue Recognition Standard
Greenberg Traurig LLP;
Legal Alert/Article
March 10, 2017, previously published on January 30, 2017
The Center for Audit Quality (CAQ) recently released a new publication, Preparing for the New Revenue Recognition Standard, A Tool for Audit Committees, designed to help audit committee members fulfill their oversight responsibilities. This publication comes on the heels of the SEC Staff’s...

 

HTMLCII Releases New FAQs on Director Voting
Greenberg Traurig LLP;
Legal Alert/Article
March 9, 2017, previously published on January 30, 2017
On Jan. 5, 2017, the Council of Institutional Investors (CII) issued FAQs on majority voting for directors. CII advocates the use of consequential majority voting, which removes board discretion if a director does not receive majority approval. CII noted that while almost 90 percent of S&P 500...

 

HTMLDelaware Chancery Court Holds Fee-Shifting Bylaw Invalid
Greenberg Traurig LLP;
Legal Alert/Article
March 9, 2017, previously published on January 31, 2017
On Dec. 27, 2016, the Delaware Chancery Court ruled that a fee-shifting bylaw was invalid. The fee-shifting bylaw provided that a stockholder who brought an internal corporate claim against the company outside of Delaware would be responsible for the company’s attorneys’ fees and...

 

HTMLSEC Permits Exclusion of Shareholder Proposals Regarding Virtual-Only Shareholder Meetings and Greenhouse Gas Reductions
Greenberg Traurig LLP;
Legal Alert/Article
March 9, 2017, previously published on January 30, 2017
The SEC recently issued no-action letters permitting companies to exclude shareholder proposals relating to virtual-only shareholder meetings and greenhouse gas reductions under the “ordinary business operations” exception.

 

HTMLDelaware Chancery Court Strikes Down Supermajority Director Removal Bylaw
Greenberg Traurig LLP;
Legal Alert/Article
March 9, 2017, previously published on January 31, 2017
On Jan. 24, 2017, the Delaware Chancery Court invalidated a corporate bylaw requiring a supermajority vote of the outstanding shares to remove a director.

 

HTMLAudit Analytics Reports on Top Issues in 2016 SEC Comment Letters
Greenberg Traurig LLP;
Legal Alert/Article
March 9, 2017, previously published on January 30, 2017
Audit Analytics recently released its “big picture” review of SEC comment letter activity for the first six months of 2016. The SEC issued 2,491 comment letters to 808 reporting companies in the first six months of 2016, a considerable decline compared to 3,166 and 4,348 letters filed...

 


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