Last month, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) settled with Privilege Underwriters Reciprocal Exchange (“PURE”) for $466,200 for its alleged violations of Ukraine/Russia-related sanctions.

In the second part of a two-part series, we explore more of the notable corporate and commercial decisions of Delaware courts in 2023, including a Court of Chancery ruling that rejected a former Twitter investor's request for a mootness fee in connection with the decision of Elon Musk to purchase the social media giant.

This alert discusses the major developments in Arkansas labor and employment law from the previous year, including changes to minors’ eligibility for employment and the recognition of a special type of leave to care for foster children.

Delaware courts issued many important corporate and commercial decisions in 2023, including rulings by the state high court that clarified the test for analyzing board actions in the context of contested director elections, and clarified the limits of judicial equitable review of LLC agreements. In the first part of a two-part series, we examine these and other impactful decisions from last year. 

Employers around the country should take note of the recent release of the long anticipated new rule adopted by the U.S. Department of Labor (DOL) that describes the test to be utilized to determine whether an individual should be classified as an employee or independent contractor under the Fair Labor Standards Act.

As we seem to say in every New York year-end recap, 2023 has been a year full of changes in labor and employment law in the Empire State. Workers’ rights continue to be expanded and employers’ obligations to their employees and independent contractors continue to increase. In an effort to hold employers accountable, the State has even gone so far as to amend the penal code to allow prosecution of employers for wage theft, which may now constitute a felony.

2023 saw several notable changes to the Garden State’s labor and employment laws. The changes encompass employers’ obligations to employees, employees’ financial entitlements and, most notably, a push to hold employers accountable via a form of public shaming to ensure compliance with certain wage, benefit, and tax laws.

On December 20, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) updated its earlier Guidance on Implementation of the Price Cap Policy for Crude Oil and Petroleum Products of Russian Federation Origin (“Updated Guidance”) (see our previous alert on the Russian Oil Price Cap).