Rimon

The U.S. Broadens and Clarifies Sanctions Regulations for Humanitarian Work in North Korea

insights The U.S. Broadens and Clarifies Sanctions Regulations for Humanitarian Work in North Korea T. James Min II · February 16, 2024

On February 15, 2024, the Office of Foreign Assets Control (“OFAC”), U.S. Department of the Treasury published revisions to the North Korea Sanctions Regulations (“NKSR”, 31 CFR Part 510), which were long overdue to assist humanitarian organizations, non-governmental organizations (“NGOs”) and news media to utilize the appropriate sanctions exemptions. Before North Korea closed its borders…

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Proposed Salary Level Increase for Exempt Status under FLSA

insights Proposed Salary Level Increase for Exempt Status under FLSA Courtney M. Roman · Proposed Salary Level Increase for Exempt Status under FLSA Maureen Bradley · February 14, 2024

On August 30, 2023, the USDOL released a “Notice of Proposed Rulemaking (NPRM)”, to update to the salary threshold for “white collar” exemptions (executive, administrative, and professional employees) to the Fair Labor Standards Act (FLSA) overtime pay requirements.  The NPRM allowed 60 days for public comment. The new salary level would be set at the…

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US Debt and Equity Offers by Australian and New Zealand Issuers in 2023

insights US Debt and Equity Offers by Australian and New Zealand Issuers in 2023 Andrew Reilly · February 13, 2024

A significant number of Australian and New Zealand issuers accessed the US capital markets in 2023. We have identified 128 US debt and equity offers that were completed by Australian and New Zealand issuers in 2023, with a median amount raised of A$100 million. The following graph shows the number of debt and equity offers…

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New York Governor Vetoes Non-Compete Ban

insights New York Governor Vetoes Non-Compete Ban Courtney M. Roman · New York Governor Vetoes Non-Compete Ban Maureen Bradley · February 13, 2024

In June 2023, the state legislature passed a bill calling for a broad prohibition on non-competes. However, on December 22, 2023, Governor Hochul vetoed the bill. The bill would have banned all non-competes and was the subject of much scrutiny and resistance. For a bill to become law in New York, it must first be passed…

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New York Paid Family Leave Contribution Rates Decrease for 2024

insights New York Paid Family Leave Contribution Rates Decrease for 2024 Courtney M. Roman · New York Paid Family Leave Contribution Rates Decrease for 2024 Maureen Bradley · February 12, 2024

New York’s Paid Family Leave Act (NYPFL) provides paid leave benefits to employees who need to take a leave of employment due to family issues. Employees are eligible if they worked for a private employer in New York State (NYS) and regularly worked 20 hours or more per week for 26 consecutive weeks or regularly worked…

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CLE – AI and Inventorship: How to Protect Your Client’s Rights

insights CLE – AI and Inventorship: How to Protect Your Client’s Rights Khanh "Kenny" Glatzel · February 9, 2024

TOTAL MCLE CREDIT HOURS: 1 Hour Course Description: As AI use increases in technological developments, the line between AI and intellectual property protection can appear fuzzy. In this program, Rimon attorney Kenny Glatzel offers strategies for assessing your client’s rights when it comes to inventorship involving chemical inventions, pharmaceutical inventions, and the development of mechanical…

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Joseph Rosenbaum: How Would I Pick a Lawyer? – Legal Bytes

insights Joseph Rosenbaum: How Would I Pick a Lawyer? – Legal Bytes Joseph I. (“Joe”) Rosenbaum · February 7, 2024

This article, authored by Rimon partner Joseph Rosenbaum is an excerpt from the Legal Bytes Blog “How Would I Pick a Lawyer”.  To access the full article, please click here. Just like any other business, lawyers and law firms try to determine how best to attract clients, win more business and expand the business they…

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Update on Mass Dismissals

insights Update on Mass Dismissals Michael Magotsch · February 5, 2024

No clarification in sight: detour via ECJ – Employers in Germany be aware! Two Senates at the German Federal Labor Court/BAG are in disagreement. On February 1, 2024, the 2nd Senate referred a matter to the ECJ requesting an answer to four questions on the interpretation of the EU Directive of July 20, 1998 (Directive…

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Nevada Court Order Regarding Convertible Notes

insights Nevada Court Order Regarding Convertible Notes Dror Futter · February 2, 2024

If a Nevada court is right, everything you thought you knew about Convertible Notes just went out the window. A Nevada court recently ruled that an investor’s right to convert a convertible promissory note into equity expired upon the note’s “maturity date”  (see the attached). The form and structure of the Note used by the…

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Podcast Roundup: Wealth and Law, January 2024

insights Podcast Roundup: Wealth and Law, January 2024 Brent Nelson · January 31, 2024

Wealth and Law is a project of attorney Brent Nelson and guests who share their knowledge in an educational, collaborative, and innovative format, with the goal of improving access to important information for professionals and individuals. Brent Nelson is an established and respected thought leader and estate planning and tax partner at Rimon. Explore the…

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