Posts
June 06 2024
Client Alert – Reminder: NYC Workers’ Bill of Rights Notice Must Be Distributed to Employees Beginning July 1, 2024
As previously reported in January and March, New York City employers will soon need to post and distribute to their employees a “Know Your Rights at Work” notice. As the July 1, 2024 deadline is fast approaching, New York City employers should take steps to ensure that they are prepared to timely post and distribute the Notice. Failure to do so may expose employers to costly fines.
Click here to read the alert.
May 22 2024
Blank-check firm Admiral to buy North America’s Acuren in $1.85 bln deal
Admiral Acquisition (ADMR.L), will buy North American engineering and lab-testing services provider Acuren in a $1.85 billion deal, the blank-check company co-founded by dealmaker Martin E. Franklin said on Wednesday.
www.reuters.com
May 20 2024
Client Alert: Supreme Court Mandates Stays Over Dismissal in Arbitration-Linked Cases
The Supreme Court unanimously ruled that the Federal Arbitration Act (“FAA”) requires courts to stay, not dismiss, lawsuits subject to arbitration. In doing so, the Supreme Court resolved a split amongst lower courts.
Click here to read the alert.
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.