This alert discusses the major developments in Missouri labor and employment law from the previous year, including minimum wage changes, reductions in income taxes, Wayfair Legislation, and recent Court of Appeals holdings.

In a continuation of efforts to increase the bite of U.S. sanctions, on December 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023, Pub. L. 117–328 (H.R. 2617), into law (CAA). This Act provides the Attorney General with authority to send the proceeds from certain forfeited asset sales of sanctioned Russian oligarchs and other entities supporting Russia’s invasion of Ukraine to the Ukrainian people. Earlier this year, the Biden Administration approved the first transfer of such assets when Attorney General Merrick Garland authorized the transfer of $5,379,876.96 from Russian oligarch Konstantin Malofeyev’s bank account as foreign aid to Ukraine.

This alert discusses the major developments in Kansas labor and employment law from the previous year, including legislation defining “gender” and “sex,” the effects of that legislation, and changes in tobacco laws. 

In a landmark 4-3 ruling, the Supreme Court of Ohio ruled on December 28 that wrongful death claims are subject to the four-year statute of repose contained in O.R.C. 2305.113(C)

On December 29, 2023, New York Governor Kathy Hochul again vetoed the “Grieving Families Act” championed by the New York plaintiffs’ bar. As discussed in prior Client Alerts, the draft bill would have substantially expanded the recoverable damages and classes of persons who can recover in wrongful death actions in New York, while also expanding the statute of limitations.

This update highlights key developments in Iowa labor and employment law in 2023, and how these developments will impact employers in 2024.

CoinList Markets, a virtual currency exchange based in San Francisco, has consented to a settlement exceeding $1.2 million in response to allegations from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The allegations claimed that CoinList violated U.S. sanctions by facilitating 989 transactions for users residing in the Crimea region of Ukraine from April 2020 to May 2022.

On December 19, 2023 the U.S. Court of Appeals for the Fifth Circuit vacated the SEC’s Share Repurchase Disclosure Modernization Rule (the “Repurchase Rule” or “Rule”).

Singapore’s Court of Appeal (“Court”) recently ruled that a bank’s determination that a vessel was subject to U.S. sanctions laws and regulations was an insufficient basis for denying payment to a beneficiary on letters of credit for which the bank was responsible.