20 October 2020
On September 28, 2020, Mayor de Blasio signed into law amendments to New York City’s Earned Safe and Sick Time Act (the “Act”). The amendments, which went into effect on September 30, 2020, generally align the Act with New York’s recently enacted statewide sick leave law that also went into effect on September 30, 2020….
8 October 2020
On August 28, 2020, the Internal Revenue Service issued Notice 2020-65 (the “Notice”) to provide guidance on implementing the employee payroll tax deferral contained in President Trump’s Presidential Memorandum of August 8, 2020. The Notice authorizes, but does not require, employers to defer withholding and payment of the 6.2% employee-paid Social Security tax on wages…
5 October 2020
October 2020 – Brazil – Rossetti Advogados Law No. 14.058/20 was sanctioned last September 18, 2020. It resulted from the conversion of Provisional Measure No. 959, dated April 29, 2020, which regulated the general part of obligations of the General Data Protection Law – Law No. 13.709/18(“LGPD”). Thus, the legal framework governing the use, protection and transfer of personal data…
14 September 2020
For the past three years, the trade war between the U.S. and China has placed economic stress on the two economic powerhouse countries. However, the trade pact that the two countries reached in January 2020 seemed to alleviate some of that pressure and even hinted that economic and political tensions might be on a path…
9 September 2020
September 2020 – Brazil – Rossetti Advogados The new coronavirus (Covid-19) pandemics led to an unprecedented economic crisis in most of the industries in Brazil and worldwide. However, the Brazilian real estate industry managed to rapidly overcome the crisis provoked by the pandemics and is currently recovering, driven by the low interest rates in the…
8 September 2020
The U.S. Securities and Exchange Commission (the “SEC”) believes that it is in the public interest for companies (“U.S. Public Companies”) with reporting obligations under the Securities Exchange Act of 1934, as amended (the “1934 Act”), that undertake material acquisitions to disclose those acquisitions to the public. The information to be disclosed would include, among…
20 August 2020
Following enactment of New York’s COVID-19 sick law, Governor Cuomo signed into law on April 3, 2020 a separate and permanent statewide sick leave law (the “Law”). The Law adds a new Section 196-b to the New York Labor Law that requires private employers, regardless of size, to provide sick leave to their employees who…
4 August 2020
August 2020 – Brazil – Rossetti Advogados Bill No. 3.324/20, submitted by senator Flávio Bolsonaro (Republicanos-RJ), was presented last June 15, with the participation of various corporate law scholars, in order to expressly authorize the issue of debentures by limited-liability companies and cooperatives. Currently, these bonds may only be issued by joint-stock companies (S.A.), even…
10 July 2020
As part of its “New York Forward” reopening plan1 for “Phase II” businesses, New York State authorized office-based businesses (other than medical offices) to reopen on June 22, 2020; provided they meet certain “minimum” requirements in light of COVID-19. These requirements must be met for office-based businesses to reopen, as well as by office-based businesses…
8 July 2020
July 2020 – Brazil – Rossetti Advogados Law No. 14.010/20 was published on June 10, 2020 to establish the Emergency and Temporary Legal System (“RJET”) of legal relationships governed by private law for the duration of the covid-19 pandemics. Such Law amends various rules, including the Civil Code, the Consumer Protection Code, the General Personal Data Protection Law and the Lease Law. The idea…
