Section 409A was added to the Tax Code in 2004 to, among other things, limit the ability of companies and their executives to optimize tax outcomes by controlling the timing of deferred compensation payments. Although this article focuses on...
Welcome to your weekly update from the Allen & Overy Pensions team, bringing you up to spee?d on the latest legal and regulatory developments in the world of occupational pensions. Please see full publication below for more information....
With much fanfare, Illinois Governor J.B. Pritzker signed into law major amendments to the Illinois Equal Pay Act (IEPA) that now bar Illinois employers from asking job applicants or their prior employers about salary, wages or benefits history. On...
The Ninth Circuit recently dismissed California minimum wage and overtime claims in a class action brought by drilling platform worker, Brian Newton, against his former employer, Parker Drilling, following the United States Supreme Court’s decision...
On July 25, 2019, New Jersey enacted a law banning salary history inquiries, joining 18 other states in doing so, including New York and many municipalities. The law, NJA1094, becomes effective on January 1, 2020. The law prohibits New Jersey...
1. Experienced advisors - Choose experienced advisors, including lawyers, auditors and financial consultants (if necessary), and get them involved early.... By: Cooley LLP
In today’s edition of Daily Compliance News: • Four Petrofac managers named by SFO in bribery scheme. (The Guardian) • Good work if you can get it; law firm’s bills NRA $97K per day. (AboveTheLaw) • Is this why chicken costs so much? (WSJ)...
In United States v. Sierra, the Second Circuit (Newman, Jacobs, Droney) wrote a short published decision that rejected the argument raised by several defendants that it violated the “cruel and unusual” provision of the Eighth Amendment to impose a...
Since last year, the Trump Administration has imposed tariffs ranging from 10 percent to 25 percent on nearly all imports of Chinese goods. Now, the Administration is set to impose an additional $300 billion of tariffs on Chinese goods as of...
The Living Donor Protection Act amends the Illinois Organ Donor Leave Act, adding a section that prohibits employers from retaliating against employees who request or take leaves of absence related to organ donation. Signed by Governor J.B. Pritzker...
