Authored Articles

On January 24, 2022, the U.S. Supreme Court unanimously overturned the Seventh Circuit decision in Hughes v. Northwestern University (see the decision here), and required the lower court to reevaluate whether any of the disputed investments in the extensive plan investment line-up were imprudent based on the circumstances prevailing at the time.

Ted Smith, a partner in the Vorys Columbus Office, and Michelle Smith, an associate in the Vorys Cleveland office, co-authored an article titled “Liquidated Damages in Ohio Purchase and Sale Agreements” for The Practical Real Estate Lawyer.

Vorys is a law firm, not an accounting firm. Nevertheless, because the topic addressed herein is important and timely for our economic development incentives clients, we decided to publish this client alert.

On December 7, 2021, Governor DeWine issued Executive Order 2021-16D authorizing the Ohio Department of Development (ODOD) to adopt temporary rules for the Brownfield Remediation Fund (the “Brownfield Program”) and the Building Demolition and Site Revitalization Program (the “Demolition Program”).

On November 15, 2021, President Biden signed into law a historic $1.2 trillion infrastructure bill known as the Infrastructure Investment and Jobs Act (“IIJA”).

The No Surprises Act (NSA), part of the Consolidated Appropriations Act, 2021, provides protections against certain types of surprise medical bills.

In July of this year, Ohio governor Mike DeWine singed Senate Bill 52 (SB 52) into law, which for the first time gives a local board of county commissioners the authority to block the development of large-scale wind and solar facilities in its jurisdiction.

Chapter 313 of the Texas Tax Code is a decades-old law designed to lure companies to Texas with the promise of property tax breaks. The law is set to expire at the end of 2022, and the Texas Legislature is faced with a choice: it could either renew the law or allow the law to lapse, permitting any existing Chapter 313 agreements to expire over time.

In this edition of Development Incentives Quarterly, we welcome Dean Monske, President and CEO of the Regional Growth Partnership (RGP), an award-winning private economic development organization serving the Toledo region and 17 counties of Northwest Ohio. He is a Toledo/Northwest Ohio native who has been an economic developer for 27 years and has led the RGP for over 10 years. The RGP has won a number of significant projects in recent years, including Peleton’s first U.S. factory. Dean graciously agreed to spend some time with us this quarter.

The U.S. House of Representatives Ways and Means Committee recently released a new tax proposal known as the “Build Back Better” Act.  The proposal, if signed into law, would significantly change the current estate and gift tax exemption amount and the grantor trust rules. 

Vorys attorneys Jana Grimm, Chaz Billington and Brian Dressel co-authored an article for Law360 titled “PA Ruling Reminds Employers to Rethink Cannabis Testing.”  

Ken Rubin, a partner in the Vorys Columbus office, and Kara Mundy, an associate in the Vorys Columbus office, co-authored LexisNexis Practical Guidance Practice Note on the Robinson-Patman Act (RPA).

In today’s highly competitive lending environment, asset-based lenders face elevated pressure to protect their turf and shield valued borrowers from a new lender’s wiles.

A recent Executive Order from President Biden could have a lasting impact on the ability of your financial institution’s employees to change jobs.

A recent Executive Order from President Biden could have a lasting impact on the ability of your financial institution’s employees to change jobs.

Changes to the federal tax laws could be coming as soon as January 1…..2021.