When does a perpetual contract for transportation services end? The answer may not be as clear as one would think. Recently, the United States Court of Appeals for the Seventh Circuit decided Beach Forwarders, Inc. v. Service By Air, Inc. on August 7, 2023. 76 F.4th 610 (7th Cir. 2023). The Court was faced with questions related to a party’s ability to terminate a perpetual contract with no opt…
Member Publications
October 10, 2023
For a number of years, certain Federal, state and local tax incentives have been available to promote, among other things, the importance of renewable energy like solar power. These incentives benefit Florida’s business owners and residents who choose to implement solar energy systems on their property.
How these incentives are applied, and how long they are available, have been changed by the re…
October 3, 2023
Weinhold Legal released an article detailing the Bill amending Act No. 253/2008 Coll, on Certain Measures against the Legalization of the Proceeds of Crime and the Financing of Terrorism, as amended (hereinafter referred to as the "AML Act" and the "Amendment"), which was submitted to the Chamber of Deputies by the Government, aims to implement the measures contained in the Action Plan to the Repo…
October 2, 2023
Usually, clients are happy to have a case settled, or at least relieved to have the case end. However, sometimes clients have second thoughts about the settlement and end up suing their lawyer after the settlement claiming either: (1) the lawyer acted without authority; (2) the lawyer did not provide all the critical information to the client so the client could make an informed decision about t…
October 2, 2023
The weather may be cooling down, but the Securities and Exchange Commission (“SEC”) did not cool down its pace of rulemaking during the third quarter of 2023. The SEC adopted its highly anticipated cybersecurity disclosure rules, which will become effective in the fourth quarter of 2023 along with share repurchase rule amendments. Additionally, the SEC provided clarification on its amendments rela…
September 27, 2023
The Dutch Act on gender diversity in boardrooms of Dutch companies (the Diversity Act1) introduces measures to improve gender equality on the management board, supervisory board and the sub-top management of Dutch companies. They include an obligation to report on targets and progress to the SER (Sociaal Economische Raad). The first reporting deadline is 31 October 2023. As this deadline approache…
September 27, 2023
In a recent Illinois district court case, Su v. Flying Food Group (N.D. Ill. Aug. 30, 2023), the DOL takes issue with the imposition of a tobacco surcharge on health plan participants who reported tobacco use given the lack of any alternative standard, “reasonable or otherwise,” which would allow tobacco-users to obtain discounted premiums offered to participants who reported that they had not use…
September 27, 2023
Artificial Intelligence (AI) software has become increasingly popular in corporate America as a tool for HR to use in recruitment and talent acquisition. Recent studies show that 85% of U.S. companies are using AI software in some capacity, with nearly 80% of those companies using AI in hiring and recruitment. As a result, the EEOC created a task force in 2021 through the Artificial Intelligence a…
September 20, 2023
On Budget Day, Tuesday, September 19, 2023, the outgoing cabinet submitted the 2024 Tax Plan package to the House of Representatives.
This package consists of various bills about which we have previously informed, such as the proposed amendment to the tax qualification of the mutual fund, the limited partnership and the exempt investment institution. The bills can still change during the parliam…
September 18, 2023
The number of bankruptcies has been increasing for sixteen months in a row.
The number of bankruptcies increased again in August. On an annual basis, the number of bankruptcies has been higher for sixteen months in a row than in the same month a year earlier, reports the Central Bureau of Statistics (CBS).
number of bankruptcies increased again
peak in May 2013, decline until 2017, increase …