Posts
May 16 2024
No Relief For Struggling SPACs Under Buyback Tax Proposal
Special-purpose acquisition companies won’t get sought-after relief from a new 1% tax on stock buybacks under a recent Treasury Department proposal that otherwise provides helpful clarity on the tax’s implications for the subdued SPAC market, lawyers say.
www.law360.com
May 15 2024
Chinese EV maker Aiways to go public in US via deal with Hudson Acquisition SPAC
Chinese electric vehicle maker Aiways will go public via a merger with U.S. special purpose acquisition company Hudson Acquisition Corp (HUDA.O), in a deal that should value the company around $400 million, the two companies said.
www.reuters.com
May 07 2024
Jollibee founder Tony Tan backs hotel SPAC deal despite lull in IPOs
The founder of the Philippine fast-food giant Jollibee, Tony Tan, is throwing his full weight behind the initial public offering of a hotel brand on New York’s Nasdaq via a merger with a special purpose acquisition company (SPAC) despite the shaky record of the listing vehicle.
www.asia.nikkei.com
May 02 2024
SPAC Veteran Klein Is Back With First IPO in Nearly Three Years
Veteran dealmaker Michael Klein has returned to the blank-check arena for the first time in nearly three years, after the once red-hot investing trend went bust and cost sponsors and investors billions.
www.bloomberg.com
April 30 2024
Client Alert: EEOC Releases Finalized Guidance on Workplace Harassment
On April 29, 2024, the US Equal Employment Opportunity Commission (“EEOC”) issued guidance detailing its position on federal workplace harassment laws, providing an in-depth analysis of the structure and standards of workplace harassment. The guidance provides employers with a glimpse into the information the EEOC will consider when investigating a claim of workplace harassment.
Click here to read the alert.
April 25 2024
Client Alert: Key Employment Law Updates in the New York State Budget
On April 20, New York State Legislators approved the 2024-2025 state budget. This budget contains significant legal changes that will impact employers in the near future. These changes and their effects are discussed below.
Click here to read the alert.
April 25 2024
Client Alert: U.S. Department of Labor Announces Final Rule on Overtime
On April 23, 2024, the U.S. Department of Labor released its final rule, making millions of salaried workers nationwide overtime eligible by increasing the salary threshold required to classify an employee as exempt from overtime as a bona fide executive, administrative or professional employee.
Click here to read the alert.
April 25 2024
Client Alert: FTC Bars Noncompete Agreements
On April 23, 2024, the Federal Trade Commission issued a final rule barring employers from entering into noncompete agreements. The final rule will become effective 120 days after the date of publication in the Federal Register.
Click here to read the alert.