Phyllis Hurwitz Marcus’ Post

Federal, state, and local authorities impose a complex array of licensing, registration, and permit demands on businesses. CT Corporation's Try Ayala delves into the variety of licenses required, as well as the specific obligations at each governmental level that vary according to location and business activity. Discover more: https://gag.gl/DBhjXN #businesslicense #licensing #compliance

Federal, state, and local governments impose a complex array of licensing, registration, and permit requirements for businesses. CT Corporation's Troy Ayala delves into the various types of licenses, the responsibilities at each governmental level, and how these requirements differ based on location and business activity. Discover more: https://gag.gl/ateZNa #businesslicense #licensing #compliance

NY Governor Kathy Hochul signed a new version of the NY LLC Transparency Act into law, pushing back effectiveness of the beneficial ownership reporting requirements for NY LLCs (and foreign LLCs seeking to do business in New York) by another year. Check out this brief article that Steven Khadavi and I authored explaining the new law. #NYLaw #LLC #CTA

I am looking forward to discussing the future of mass claims through the life cycle of a dispute as part of the panel, “The next wave of mass claims: future trends in group litigation”, hosted by Baker McKenzie, Ankura, Henderson Chambers and Fladgate LLP, as part of London International Disputes Week (LIDW) 2024.   The event, which will take place on Thursday 6 June at 11:00am, will address the evolving mass claims landscape including considering the complex tactical, reputational, regulatory, and legal aspects of such cases. In a session moderated by Mark Banks, Adam Heppinstall KC, Nadia Osborne and I will look at the future of mass claims through the life cycle of a dispute, addressing questions such as:   • Should we expect an increase in mass claims and which sectors are likely to be targeted next? • How will groups form and what impacts will technology and funding have? • What can we learn from developments in mass claims in other jurisdictions? • What new strategies will be used by Claimants and Defendants? • How will remediation schemes evolve?   To find out more and to register, click here:

Do you have an LLC formed or registered to do business in New York? Starting in 2026, the LLC Transparency Act will require an annual beneficial ownership filing. Check out this overview of the law and how it compares with the federal Corporate Transparency Act. #CTA #NY

In a recent poll, approximately 40% of participants expressed their primary concern over the continuous monitoring of beneficial ownership mandated by the new Corporate Transparency Act rule. Ross Aronowitz, VP of the law firm & corporate segment for CT Corp, noted, "The distinctiveness of this legislation lies in its extensive scope and impact on millions of entities. It represents the most significant shift in corporate compliance seen in a century." Is your business ready for this continuous oversight? CT is here to assist. https://gag.gl/gKmAeV? #beneficialownership #compliance #corporatetransparencyact #business

This article by Jay Mehta, who has recently joined our Commercial, TMT and IP team, discusses the use of a Viability Gap calculation in Subsidy Control law. Jay defines what a Viability Gap is, clarifies whether there is a set format and discusses where one can be useful.   For helpful guidance on this complex area, follow the link below: https://lnkd.in/eWgwbPza   #CommercialLaw #SubsidyControl #ViabilityGap

Duane Morris practices and industry teams have been ranked in the following areas in The Legal 500 US 2024 Guide: - Cannabis - Dispute Resolution: General Commercial Disputes - Education - Healthcare: Service Providers - Insurance – Advice to Insurers - Intellectual Property: Patents: Litigation (full coverage) - Intellectual Property: Trademarks: Litigation - Labor and Employment: Immigration - Corporate/M&A: M&A Middle-Market (sub-$500m) - Real Estate: Construction (including Construction Litigation) - Tax: US Taxes: Non Contentious - Securities Litigation: Defense (Firms to Watch) Client testimonials: “What I enjoy is that there is no learning curve with the firm. The attorneys do not need long explanations of the issues at hand. They grasp the issues and provide their services in an effective and efficient manner.” “A really practical team with deep technical knowledge to rely on, always looking to understand and focus on clients’ needs. They give exceptional client service and make themselves available, even to international clients.” “The team at Duane Morris is strong and provides excellent services. Their work is timely, complete and on point.” Read the full press release: https://lnkd.in/eRsiPyas

Corner Post: A Wake-Up Call for Outdated Regulations, and a Potential Strategy for Businesses The Supreme Court's recent decision in Corner Post v. Board of Governors of the Federal Reserve System has sent ripples through the regulatory landscape. The case, centered on challenge timelines for existing regulations, could have significant consequences for the validity of older rules, and even spark a new legal strategy for businesses. Corner Post: A New Era for Challenging Old Rules Prior to Corner Post, entities impacted by regulations generally had a limited window to challenge them. This decision clarifies that the clock doesn't start ticking until an entity is actually affected by the regulation. This opens the door for companies to potentially challenge older rules they may have previously considered unassailable. Potential Impact on Businesses This shift could empower businesses in several ways: Dusting Off Old Challenges: Companies that previously opted not to fight outdated regulations might now have a renewed opportunity for a legal challenge. Strategic Timing: Newly formed businesses facing the burden of legacy regulations may have a stronger case for challenging their validity, potentially through the creation of new legal entities specifically designed for this purpose. Incentivizing Regulatory Review: The threat of future challenges could prompt agencies to proactively review and update outdated rules. But is it All Smooth Sailing? While Corner Post presents potential benefits, some concerns linger: Increased Litigation: A surge in regulatory challenges could lead to clogged court dockets and delays for everyone involved. Uncertainty for Businesses: The long-term impact on specific regulations remains to be seen, potentially creating a period of uncertainty for businesses operating within those frameworks. #CornerPost #RegulatoryReform #BusinessLaw #Innovation #LegalStrategy

Staying Ahead of Regulatory Change There’s no doubt that companies and their boards must remain proactive in understanding legal shifts that may impact strategic planning. A recent U.S. Supreme Court decision, overturning the Chevron Doctrine, marks a significant development. This doctrine previously allowed federal agencies to interpret ambiguous statutes with minimal court interference. With the Loper Bright and Relentless rulings, courts now have a greater role in scrutinizing agency actions. Boards, particularly those in highly regulated sectors like financial services, healthcare, and tech, should consider reassessing their regulatory strategies. The shift calls for more proactive engagement with regulators, while also ensuring the board has the necessary expertise to navigate these complex changes. https://lnkd.in/drFc5eeE