This client alert digest discusses the flood of executive actions issued by President Trump during the first week of his second presidency and their profound effect on the construction industry. Immediate...
Unless covered by an exemption, securities offerings and sales in California must be qualified by the state. Apart from the standard exemption for covered securities, state- or federally-guaranteed securities...
Standby letters of credit are often used to provide security in commercial leases, secure construction requirements, or secure obligations assigned in commercial purchase and sales. They differ from commercial...
In today's fast-paced M&A landscape, clients rely on their deal counsel to possess a comprehensive understanding of transactional negotiations, encompassing the full range of typical buyer and...
Do you need guidance on structuring paid time off and paid sick leave policies covering fundamentals from basic policy elements (like accrual schedules, carryover rules, and usage requirements) to complex...
In December 2024, Practical Guidance introduced a range of new content and updates across various legal practice areas, enhancing the resources available to legal professionals. This month's updates span Bankruptcy, Business Entities, Civil Litigation, Construction, Employee Benefits, Federal Government, Labor & Employment, Real Estate, Tax, and Trusts & Estates.
To view these resources, sign in or take a free trial today!
In the Bankruptcy sector, several new trackers and content updates have been introduced. Notably, the Mega Chapter 11 Filings Tracker has added 10 Megas, and the Third-Party Release Tracker has been updated to reflect recent cases influenced by the Supreme Court's ruling in Purdue Pharma. Additionally, new amendments to the Bankruptcy Rules have been documented, and international content has been expanded with a Cross-Border Chapter 11 Proceedings chart.
Business Entities have seen the addition of numerous board resolutions related to reverse stock splits across various states, including Alabama, Arizona, and California. New resource kits for board and shareholder resolutions have been added for California and New York, providing comprehensive tools for corporate governance.
Civil Litigation updates include new FOIA checklists, guiding users through drafting requests and commencing litigation when requests are denied. A new Conflicts of Interest Checklist has been introduced to help identify potential conflicts in proposed representations. Additionally, new Civil Litigation Fundamentals Resource Kits have been made available for several states, including Missouri and Virginia.
In Construction, new content addresses the Economic Loss Rule in construction disputes and the Illinois Home Repair and Remodeling Act, providing essential guidance for contractors on residential projects. A Mechanic’s Lien Resource Kit for Oklahoma has also been introduced, offering valuable resources for managing liens in construction projects.
Employee Benefits content has been enriched with new insights into abandoned individual account plans and potential shifts in employee benefits under the Trump administration. These updates provide employers with crucial information to navigate changes in the benefits landscape.
Federal Government updates include new content on bargaining unit determinations under the Federal Service Labor-Management Relations Statute and grievances and arbitration under the same statute. Legal developments highlight the Tax Court's application of the strict construction rule in interpreting Treasury regulations and a new strategy from the White House to ban single-use plastics in federal procurements.
Labor & Employment updates feature revisions to minimum wage state law surveys, covering all 50 states and several cities, along with comparison charts and a state and local law survey. These updates provide comprehensive insights into wage regulations across the country.
In Real Estate, new content notes address guaranties of commercial real estate loans and key considerations for terminating commercial leases in Pennsylvania and Massachusetts. A new state law comparison tool report on lien priority of future advances has also been introduced.
Tax updates include new content on the affiliation of medical professional corporations with consolidated groups of corporations and a cost of living adjustments chart for Internal Revenue Code sections from 2023 to 2025. Legal developments continue to focus on the Tax Court's interpretation of Treasury regulations.
Finally, Trusts & Estates updates feature a new article on 2025 federal exemption amounts and their impact on estate and gift tax planning. New templates for Illinois and New Jersey, along with a Massachusetts practice note on funding revocable trusts, provide valuable resources for estate planning professionals. Be sure to check the full update for new resources across other areas.
To view these resources, sign in or take a free trial of Practical Guidance today!
Overall, the December 2024 updates to Practical Guidance offer a wealth of new information and tools across multiple legal practice areas, supporting legal professionals in staying informed and effective in their practice. Stay tuned for what’s to come next month!