On June 27, 2019, the Office of Management & Budget (OMB) reported on its website that it has finished its review of the Obama-era regulations that would significant changes to the minimum investment amount, as well as other consequential changes. The regulations have proposed increasing the minimum investment of $500,000 to $1.35 million, and the $1 million […]
The Office of Foreign Assets Control (“OFAC”) has dusted off Executive Order 13692 issued on March 8, 2015, by former President Barack Obama to impose additional sanctions on Maduro’s regime in Venezuela. This executive order authorizes OFAC to include individuals and entities in its list of Specially Designated Nationals and Blocked Persons (“SDN List”) when OFAC, in […]
When the Tax Cuts and Jobs Act (“TCJA”) first came out, many professionals who were not eligible to make use of the new 20% deduction for flow-through income, known as Qualified Business Income (“QBI”), tried to find ways to separate the parts of their businesses that were eligible for the QBI deduction from the parts that […]
The attorney for the family of 20-year-old tourist Abbey Conner, who drowned after drinking alcohol at a Mexican resort, said Thursday that the alcohol was “tainted” and her parents are now filing a new lawsuit against the resort. Attorney Gary Davidson, who is representing Conner’s family, made the comments on “America’s Newsroom,” acknowledging that her family thinks her drowning […]
On January 6, 2019, the Office of Foreign Assets Control (“OFAC”) amended its regulations to prohibit any transactions or dealings related to the exportation or reexportation of diluents. Specifically, OFAC amended General Licenses 7A (“Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO Holding, Inc.”), 8 (“Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PDVSA) Prohibited […]
On June 4, 2019, the Office of Foreign Assets Control (“OFAC”), in coordination with the Department of Commerce’s Bureau of Industry and Security, amended its Cuba-related regulations to establish a general policy of denial for license applications involving passenger and recreational vessels and private and corporate aircrafts. OFAC made this amendment to further implement the […]
Hello fellow members, We hope you enjoy these articles. Intellectual Property Copyright and Your Website One of the challenges of maintaining a website for your business is finding interesting content to put on it. When filling your pages, be aware of copyright law. Your work can be infringed upon or content on your websites can […]
Hi all, we hope you enjoy these articles: Business Fraud Prevention & Detection Don’t Let Trade Secrets Leave with Employees Desperate times can sometimes result in desperate measures. Fraud can result when employees are pressured to generate revenue or when they have financial difficulties. Economic espionage is defined as the theft or misappropriation of trade […]
On May 2, 2019, the Office of Foreign Assets Control (“OFAC”) issued its “Framework for OFAC Compliance Commitments” outlining the circumstances that frequently cause Sanctions Compliance Programs (“SCPs”) to fail. Among them, OFAC highlighted that the employees of companies and financial institutions, especially executives and those in supervisory or managerial positions, may conduct or facilitate dealings or transactions […]
On May 2, 2019, the Office of Foreign Assets Control (“OFAC”) issued its “Framework for OFAC Compliance Commitments” presenting a number of recommendations for the design, implementation and periodic update of Sanctions Compliance Programs (“SCPs”) by “organizations subject to U.S. jurisdiction and foreign entities that conduct business in or with the United States, U.S. persons, […]
MIAMI, April 23, 2019 – Miami-based global law firm Diaz Reus & Targ announced today that it has expanded its Spanish presence with the addition of the Madrid law firm Ius + Aequitas to the DRT Alliance. Ius+ Aequitas, founded in 2002 and headed by Eliseo M. Martínez, is a boutique litigation law firm focusing on white collar crimes, bankruptcy proceedings, […]
MIAMI, April 22, 2019 – Miami-based global law firm Diaz Reus & Targ announced today that it has opened an office in Lahore, Pakistan, in partnership with Awais Law Associates. Awais Law Associates has premier litigation, corporate, infrastructure, banking and finance, and regulatory practices in Pakistan, and advises some of Pakistan’s largest companies, including multinationals with extensive operations in […]