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Nov 6, 2024 | 
mondaq.com | Patrick Campbell |John Carney |Jimmy Fokas |Carlos Ortiz
On October 23, 2024, the New York City Bar Association hosted
its third annual Compliance Institute with noteworthy keynote
remarks from U.S. Securities and Exchange Commission (SEC)
Commissioner Hester Peirce and Principal Associate Deputy Attorney
General (PADAG) Marshall Miller.
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Oct 9, 2024 | 
mondaq.com | Carlos Ortiz |Kayley B. Sullivan |Jessica Mingrino
The First Circuit recently held that a bitcoin investor did not
have a reasonable expectation of privacy in his records held by a
cryptocurrency exchange, rejecting his argument that cryptocurrency
transactions are confidential.
Following years of increased IRS and DOJ enforcement efforts, a
Court of Appeals has provided prosecutors the green light to seize
taxpayer records using John Doe summonses.
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Aug 30, 2024 | 
mondaq.com | Carlos Ortiz |Sylmarie Arizmendi |Christopher Dávila-Rodríguez |Jorge Colberg Vilanova
Last January 17, 2024, the Governor of Puerto Rico signed into
law the Act to Facilitate the Implementation of Remote
Work in the Private Sector and to Promote the Establishment
of Airline Operations in Puerto Rico ("Law 27
2024"). One of its two main objectives is to attract jobs from
companies that do not do business on the island, but who
allow their employees to work remotely. The second main
objective is to make the island more attractive for airlines to
establish their operations base.
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Aug 27, 2024 | 
mondaq.com | Carlos Ortiz |Sylmarie Arizmendi |Christopher Dávila-Rodríguez |José Feliciano-Boada
On April 23, the Federal Trade Commission approved a rule (16
CFR Part 910) prohibiting employers from requiring their workers to
enter non-compete agreements or requiring them to comply with any
such existing agreement. The ban is based on the FTC's
interpretation that these agreements constitute a method of unfair
competition.
The rule defines a worker broadly to include independent
contractors.
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Apr 23, 2024 | 
mondaq.com | David Duffy |Susan Lorenc |Carlos Ortiz |James Shreve
The Illinois Senate recently passed legislation by a 46-13 vote that would significantly amend the Illinois Biometric Information Privacy Act ("BIPA").1 Senate Bill 2979 ("SB2979'), which Senate President Pro Tempore William Cunningham introduced, includes a significant benefit to corporations, employers, and other private entities in Illinois by clarifying that, in a case where the same violation occurs more than once, it would constitute only one violation for purposes of statutory...
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Apr 13, 2024 | 
lexblog.com | Cybersecurity Bits |David Duffy |Susan Lorenc |Carlos Ortiz
The Illinois Senate recently passed legislation by a 46-13 vote that would significantly amend the Illinois Biometric Information Privacy Act (“BIPA”).[1] Senate Bill 2979 (“SB2979’), which Senate President Pro Tempore William Cunningham introduced, includes a significant benefit to corporations, employers, and other private entities in Illinois by clarifying that, in a case where the same violation occurs more than once, it would constitute only one violation for purposes of statutory...
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Mar 27, 2024 | 
mondaq.com | Fatima Khan |Carlos Ortiz |Melinda Potmesil |Martha Mendez-Fischer
Saved by the Bell! H-1B registration period EXTENDED until March
25, 2024 at 12:00 EST.
Late Thursday evening the USCIS announced the registration
period for H-1B applicants will be EXTENDED. Citing technical
difficulties and outages with the new online portal, the USCIS will
extend the filing window until Monday, March 25, 2024 at 12:00
EST.Employers are reminded that you have to be in it to win it. Only those with selected registrations are eligible to file H-1B
cap-subject petitions.
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Nov 15, 2023 | 
lexology.com | Carlos Ortiz |Kayley B. Sullivan |Nicholas Mowbray |Deirdre Farrell
Key Takeaways:As robust enforcement of laws against tax abuses related to cryptocurrency continues, a Southern District of New York judge imposes a maximum sentence of four years on a cryptocurrency founder for tax evasion. In their most recent meeting, the Joint Chiefs of Global Tax Enforcement (J5) focus on data mining and financial reports to strengthen agencies’ ability to enforce tax crimes with global implications – leading to more than 50 new leads for international law enforcement.
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Oct 27, 2023 | 
mondaq.com | Carlos Ortiz
U.S. Citizenship and Immigration Services ("USCIS")
this year introduced a new version of Form I-9. Since then,
employers have been permitted to continue to use the October 21,
2019, version of Form I-9. Beginning November 1, 2023, employers
must use the updated I-9 (version date August 1, 2023). There are a
number of changes to the August 1 version, which employment and
immigration partner Carlos A. Ortiz addressed in
an earlier client alert available here.
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Jul 26, 2023 | 
lexology.com | Teresa Goody Guillén |Carlos Ortiz |Veronica Reynolds |Kayley B. Sullivan
Key Takeaways:The IRS will soon begin prosecuting those who take advantage of significant tax breaks without meeting requirements, including those in the cryptocurrency industry. Now, before the tax man knocks on the door, is the time for those with a potential issue to take action. IntroductionLong-awaited enforcement actions may be coming soon for those who took advantage of the lucrative tax breaks offered by the Commonwealth of Puerto Rico without meeting the requirements.
