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18 Mar 2020, 8:39 pm
In the same scenario, an exempt employee who has no accrued benefits in the leave bank account, or has limited accrued leave and the reduction would result in a negative balance in the leave bank account, still must receive the employee’s guaranteed salary for any absence(s) occasioned by the office closure in order to remain exempt. [read post]
18 Mar 2020, 7:28 pm
[This post first appeared on MusicTech.Solutions] After the cancellation of SXSW, we need to think about those “force majeure” clauses that everyone skips over in contractual boilerplate. [read post]
18 Mar 2020, 2:37 pm
Please note: Government guidance and regulation is changing rapidly, and so it is important for employers to always check on the applicable government site and with the Orrick team on the latest information. [read post]
18 Mar 2020, 2:00 pm
In 2006, the “International Organization for Standardization” (better known in the insurance industry as ISO), adopted an exclusion for its members to use to eliminate coverage for virus-related losses, including business interruption losses. [read post]
The Coronavirus in the International Workplace – How do Multinational Employers React Appropriately?
18 Mar 2020, 12:55 pm
Andrew Bailey, the new Governor of the Bank of England urged UK firms to speak to the government or the Bank of England if they are in need of assistance to deal with the demand and supply side shocks to their businesses. [read post]
18 Mar 2020, 10:58 am
Department of Labor’s (DOL) Wage and Hour Division recently issued guidance for employers regarding their obligations to employees under the Fair Labor Standards Act (FLSA), in the wake of the Coronavirus pandemic (“the Guidance”). [read post]
18 Mar 2020, 9:00 am
Furthermore, the Public Prosecution may order the review or collection of any data or information relating to accounts, deposits, trusts, safe boxes, or any other transaction with banks or other financial institutions. [read post]
18 Mar 2020, 7:27 am
If the approach becomes law, big businesses would be free to establish their own government-approved industry standards as equivalent to privacy law. [read post]
18 Mar 2020, 7:27 am
If the approach becomes law, big businesses would be free to establish their own government-approved industry standards as equivalent to privacy law. [read post]
17 Mar 2020, 3:19 pm
The orders allow residents to leave their homes for what each county defines as “essential” activities, governmental functions or to operate “essential businesses,” such as healthcare operations, gas stations, grocery stores, restaurants (for take-out or delivery) pharmacies, banks, etc. [read post]
17 Mar 2020, 3:18 pm
“Significant Flexibility” in Classifying Credits The FDIC assured banks that their “prudent efforts to modify the terms on existing loans for affected customers will not be subject to examiner criticism” but noted that banks must evaluate whether changes to certain loans experiencing COVID-19-related stress qualify as troubled debt restructurings. [read post]
17 Mar 2020, 2:17 pm
The essay follows.It first appeared in Cuba Standard Monthly [read post]
17 Mar 2020, 12:30 pm
In a market without standardized expectations for coverage, buyers often fail to understand exactly what types of incidents are covered. [read post]
16 Mar 2020, 5:21 pm
On March 6, 2020, the Federal Financial Institutions Examination Council (“FFIEC”), an interagency group of state and federal regulators that develops principles, standards and reporting systems to promote uniformity in the supervision of US financial institutions, issued updated guidance on how financial institutions could take steps to minimize the potential adverse impacts of a pandemic. [read post]
16 Mar 2020, 2:33 pm
If Trump can put -- or the Fed can president $1.5 trillion into the banking system, we can protect the wages of every worker in America. [read post]
16 Mar 2020, 10:09 am
As known, the last massive Israeli expansion occurred in 1967 with the Six-Day War and currently the Golan Heights, the Gaza Strip and the West Bank, including East Jerusalem, are controlled by Israel. [read post]
16 Mar 2020, 8:29 am
On 12 March 2020, the Bank of England (BoE) published an open data for SME finance paper. [read post]
16 Mar 2020, 6:43 am
Key Findings The Maryland General Assembly is on the verge of adopting a vaguely worded, legally dubious tax on digital advertising in the final days of this session—now paired with new tobacco taxes. [read post]
16 Mar 2020, 3:00 am
Business Insider did not respond directly, but through SmartAsset provided this statement: Business Insider’s personal finance reporters covered Ally as a product they would recommend, which is their standard practice. [read post]
13 Mar 2020, 2:28 pm
., who took charge of the family timber, oil, and banking interests in south Arkansas in the early 1940’s. [read post]
