On March 14, 2016, the Department of Labor (“DOL”) sent its final draft of the final overtime regulations to the Office of Management and Budget (“OMB”) to begin the last stage of the review process. Once the document receives OMB approval, which typically takes 30-60 days, the regulations will be […]
Publications
Executing Successful Joint Ventures (Part 4): Frequently Asked Questions
How long will the joint venture last? Some joint ventures are intended to have unlimited terms. Others may be limited to the duration of a specific project. Still others may expire or change by operation of law, as when a concession right requiring local ownership expires. When a joint venture […]
New Reporting Requirements for Tax-Exempt Social Welfare Organizations
The Protecting Americans From Tax Hikes Act of 2015 (PATH Act) imposes new reporting requirements for social welfare and community benefit organizations formed under Section 501(c)(4) of the Internal Revenue Code. The new requirements, found in Section 506 of the Internal Revenue Code, also impose penalties for failure to comply. […]
Captive Insurance Companies Proliferate Among Bank Holding Companies
This article also appeared online on BankDirector.com. Banking is the business of managing risk. Be it credit risk, interest rate risk or technological risk, bankers are trying to control a highly leveraged earnings engine while avoiding risks that can result in sudden reversals of fortune. Yet many of the biggest […]
CONNECT for Health Act Would Expand Medicare Reimbursement for Telehealth Services
On February 2, 2016, Senate Bill S. 2484 was introduced, entitled “Creating Opportunities Now for Necessary and Effective Care Technologies (CONNECT) for Health Act.” The stated purpose of the Bill is to “promote cost savings and quality care under the Medicare program through the use of telehealth and remote patient […]

