Posts
April 19 2023
Florida-based Sunergy Renewables to go public via $475 million SPAC deal
Solar energy company Sunergy Renewables said on Wednesday it will go public via a merger with blank-check firm ESGEN Acquisition Corp (ESAC.O) in a deal that will value the combined company at $475 million.
www.reuters.com
January 25 2023
Jerusalem’s Freightos To Go Public In $500 Million SPAC Merger
Special Purpose Acquisition Companies (SPACs) — blank check companies that go public with hopes of quickly merging with a private company — are way down, but not out. How so? One such SPAC, Denver-based Gesher I Acquisition Corp. — which went public in November 2021 — is about to merge with Jerusalem-based Freightos, “a global leader in air-based shipping and a formidable player in sea-based shipping,”
www.forbes.com
January 11 2023
Client Alert: Governor Hochul Proposes Minimum Wage Increases For New Yorkers
New York Governor Kathy Hochul has announced a proposal to increase the minimum wage across New York State. Under the proposed plan – which is sparse on details and has no current timeline for implementation – the New York State minimum wage would be indexed to inflation and increase annually at a rate determined by the growth in the year-over-year Consumer Price Index for Wage Earners for the Northeast Region.
Click here to read the alert.
January 06 2023
Client Alert: Nationwide Non-Compete Ban May Be on The Horizon
The Federal Trade Commission (FTC) has announced a proposed rule that would essentially ban all non-compete agreements between businesses and their employees, as well as any independent contractors engaged by the business. This would also extend to non-disclosure agreements that are drafted so broadly as to essentially preclude the worker from working in the same field. As proposed, the only exception would be in connection with the sale of a business or otherwise disposing of all of the person’s ownership interest in the business entity.
Click here to read the alert.
January 04 2023
Client Alert: Reminders for New York Employers Amid the COVID-19 Winter Surge
As 2023 has arrived and COVID-19 cases are back on the rise, we take this opportunity to remind New York employers of their continuing obligations regarding COVID-19 when it comes to their employees, and of previous requirements that are no longer in effect.
Click here to read the alert.
December 30 2022
Client Alert: NYS Cracks Down on HERO Act Workplace Safety Committees
As previously advised, for New York employers with at least 10 employees, the New York HERO Act allows employees to form a joint labor-management “workplace safety committee” comprised of at least 2/3 non-supervisory employees. The workplace safety committee is empowered to raise health and safety concerns to management, provide feedback on all employer policies required under the HERO Act, participate in government agency health and safety site visits, and meet at least once a quarter to discuss health and safety issues. Governor Hochul has now signed off on an amendment to the HERO Act.
Click here to read the alert.
December 27 2022
Client Alert: New York – Not Just New York City – to Require Pay Ranges in Job Postings
In the wake of the New York City pay transparency law, New York Governor Kathy Hochul has signed a similar New York State law that requires all employers to list the pay rate or range in the job listing for all advertised jobs (including promotions and transfers) that can or will be performed, at least in part, in New York State. This new law will impose new obligations on all New York employers, including those in New York City.
Click here to read the alert.
October 28 2022
Client Alert: New Workplace Posting Obligations: NYS Voting Rights Notice and New EEOC Poster
Employers should be aware of two urgent workplace posting obligations: New York Voting Rights Notice Must Be Posted by October 29, 2022 and New EEOC Poster For All Employers.
Click here to read the alert.