Yesterday, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced increased economic sanctions against Russia, including measures against Russia’s largest bank – Sberbank Russia – as well as several state-owned defense technology companies and five energy companies (Gazprom, Gazprom Neft, Lukoil, Surgutneftegas and Rosneft). The United States has also tightened previous restrictions by lowering from 90 days to 30 days the allowable length of debt U.S. citizens and entities may buy from sanctioned Russian banks – Bank of Moscow, Gazprombank OAO, Vnesheconombank (VEB), Russian Agricultural Bank (Rosselkhozbank), VTB Bank OAO and Sberbank Russia.
Husch Blackwell Partner Edward Manzo Profiled in Leading Lawyers Magazine
An article featuring Husch Blackwell’s Edward Manzo was published in the Leading Lawyers Magazine. “Patent Attorney’s Pursuits Are Far from the Ordinary,” was published in the magazine’s September 2014 edition featuring the Top Business Lawyers in Illinois. Read more here.
Husch Blackwell’s Cortex Office
The Husch Blackwell Cortex office is co-located with innovators, entrepreneurs and start-up companies and provides quality consultation in a cost effective manner. The Cortex Innovation Community is moving St. Louis toward becoming a world-class technology innovation district.
Start-up companies typically encounter a host of legal issues that cut across many legal disciplines. The goal of our Cortex initiative is to provide creative and innovative solutions targeted to the particular needs of the start-up and to provide these solutions in a cost effective manner. Working with a start-up at their early stages is critical to their success.
Aspiring Medicinal Marijuana Business Owners in Illinois Should Understand and Plan for the Potential Tax Pitfalls
On September 8, 2014, the state of Illinois begins accepting applications for medicinal marijuana dispensary and cultivation center permits. Under the state’s Compassionate Use of Medical Cannabis Pilot Program Act, passed last year, Illinois will grant one cannabis cultivation permit for each of its 22 state police districts and as many as 60 medicinal marijuana dispensary permits throughout the state.
The Beginning of a Trend? Removing Asbestos-related Injuries From the Exclusivity Provisions of Workers’ Compensation Statutes
On November 22, 2013, the Supreme Court of Pennsylvania issued an order in Tooey v. Ak Steel Corp., 81 A.3d 851 (Pa., 2013) that had major implications for toxic tort litigation in the state. Plaintiff John Tooey allegedly worked for Ferro Engineering as an industrial salesman of asbestos products from 1964 to 1982. In 2007, Mr. Tooey developed mesothelioma; he passed away the following year. The Tooey court considered whether the manifestation of an occupational disease outside of a 300-week period set forth by the Pennsylvania Workers’ Compensation Act removed a claim from the protection of the Act, such that the exclusivity provision of the Act did not apply. The court concluded that claims for occupational diseases with long latency periods – over 300 weeks – do not fall within the purview of the Act and, therefore, the exclusivity provision is inapplicable.
EU Increases Sanctions Against Russia
As described in our Alert published on August 1, 2014, the United States and other nations have ramped up sanctions against Russia related to the ongoing situation in Ukraine.
On July 31, 2014, the European Union imposed increased sanctions designed to discourage Russia from, in the words of the EU Regulation, “destabilising the situation in Ukraine.”
Trust, But Verify – Employers Should Monitor Payroll Tax Service Providers
In 2014, several payroll tax service providers allegedly embezzled millions of dollars in federal payroll tax payments from their clients. In June, the owner of Checkmaster Payroll Service in Massachusetts was indicted for allegedly stealing client funds that were supposed to have been used to pay clients’ federal employment taxes. The owner allegedly provided clients with “client copy” tax returns indicating that the taxes had been paid to the IRS, when they had not. The owner also allegedly falsely told his clients that payroll tax delinquency notices that they had received from the IRS were the result of administrative errors by the IRS, not his company’s failure to remit the payroll taxes.
President Calls for Expansion of P3 Collaboration in Infrastructure Development
In a July 17 memo, President Obama announced a new policy encouraging “awareness and understanding” of opportunities to expand the use of public-private partnerships to address U.S. infrastructure challenges. The directive calls for action on the part of the Departments of Transportation and Treasury and establishes an Interagency Infrastructure Finance Working Group. You can read…
Husch Blackwell Comments in Support of Section 333 Petitions for Safe Commercial Use of Unmanned Aircraft
Without taking a position regarding the merits of any of the petitions for exemption that seven aerial photo and video production companies submitted to the FAA last month, Husch Blackwell LLP voiced its support for the exemption process to permit commercial operation of unmanned aircraft systems (UAS). In response to the FAA’s request for comment, Husch Blackwell noted in its submission (submitted by Co-Chairs of the firm’s UAS team Tom Gemmell and David Agee, with assistance by Amanda Tummons) to the FAA’s Notice that while there are legitimate concerns regarding the use of UAS, the technology is here to stay and it should be allowed when commercial businesses can demonstrate parameters to ensure safe operations.
Husch Blackwell Represents American Airlines in Engine Campaign for Airbus A320 NEO Aircraft
A team of seven Husch Blackwell attorneys, led by Aviation team leader David Agee, represented American Airlines in a campaign to select engines to power its new fleet of 100 firm ordered Airbus A320 family aircraft, which will commence delivery in 2017. The campaign involved a competition between and concurrent negotiations with CFM International…