Earlier this month, OSHA adopted an Emergency Temporary Standard for COVID-19 Vaccination and Testing (the “ETS”) for large employers. Covered employers that do not comply with the requirements could be subject to OSHA penalties for “Serious” violations, which come with fines potentially in excess of $13,000 for the first violation, but also the connotation that […]
Partner,
Loren & Kean Law
OFAC Heightens Enforcement of Sanctions In The Virtual Currency Space* Recently, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued its “Sanctions Compliance Guidance for Virtual Currency” (the “Guidance”). The purpose of this Guidance is to promote understanding of, and compliance with, sanctions requirements and due diligence processes by actors in the virtual […]
Partner,
Diaz Reus
At our recent Annual Conference in London (Oct 2021), we had the pleasure of awarding Michael gold member status as recognition for their ongoing commitment and hard work within the IR Global network. This is a prestigious honour bestowed by IR Global upon members who we consider have made a substantial contribution to the development […]
Partner,
Loren & Kean Law
At our recent Annual Conference in London (Oct 2021), we had the pleasure of awarding Gary gold member status as recognition for his ongoing commitment and hard work within the IR Global network. This is a prestigious honour bestowed by IR Global upon members who we consider have made a substantial contribution to the development of […]
Partner,
Diaz Reus
Loren & Kean Law and its client recently prevailed in a four-day construction arbitration. The case involved competing claims where the contractor asserted outstanding monies owed and delay claims, and the owner asserted construction defect claims. Working with its client and its experts, Kyle Ohlenschlaeger and Bruce Loren were able to present a clear case […]
Partner,
Loren & Kean Law
San Diego, California, August 17 (San Diego Union-Tribune) .- An FBI agent interviewed family members of a woman who allegedly died in January after undergoing cosmetic surgery in Tijuana at the Art Siluette Aesthetic clinic. Surgery. The 38-year-old Keuana Weaver, a mother of two, died Jan. 29 on the operating table of a cosmetic surgery […]
Partner,
Diaz Reus
Attaining S corporation status has certain tax advantages. S corporations are treated as passthrough entities for tax purposes and the protection of shareholder assets. However, the relief acts passed in response to the COVID-19 pandemic revealed some potential problems with how income passed to individual shareholders is taxed. Two of the most relevant issues are […]
Enacted in 1938, the Fair Labor Standards Act (FLSA) governs federal minimum wage, overtime, child labor and recordkeeping laws. Failure to follow these laws may come with a price. The U.S. Department of Labor, which oversees the FLSA, says that it recovered an average of $706,000 in back wages per day in fiscal year 2020. […]
The Child and Dependent Care Tax Credit is available to parents and caregivers who are either working or looking for work and who claim dependents on their tax return. The credit is available to those who care for children under age 13 or a spouse or dependent of any age who is physically or mentally […]
In construction defect disputes, owners must comply with certain procedures before filing a lawsuit against a contractor. These procedures are contained within Florida Statutes Chapter 558. This newsletter describes the mechanics of Chapter 558 and how a contractor should navigate through it. Chapter 558 applies to “construction defects” resulting from work performed by a contractor, […]
Partner,
Loren & Kean Law
On May 12, 2021, an Advocate General (“AG”) of the European Union (“EU”), Jan Mazak, released an opinion (the “Opinion”) stating that Telekom Deutschland GmbH (“Telekom Deutschland”), an EU company, could not sever its relationship with Bank Melli Iran, an Iran-based financial institution, if the severance was undertaken solely to comply with United States (“U.S.”) […]
Partner,
Diaz Reus
What Financial Institutions Should Know. There have been an increasing number of U.S. initiatives to fight corruption, money laundering, and human trafficking in Central America, including the United States-Northern Triangle Enhanced Engagement Act, Homeland Security’s Operation Sentinel, and the creation of special task forces to increase investigations, prosecutions, and asset recoveries relating to criminal activity in Mexico […]
Partner,
Diaz Reus
