Authored Articles

Even in the midst of the coronavirus (COVID-19) pandemic, the Securities and Exchange Commission (SEC) staff continued to update and streamline disclosure requirements applicable to public reporting companies.

In this edition of Development Incentives Quarterly, we welcome Dennis Shea, publisher & president Area Development.

Pennsylvania Governor Tom Wolf in July signed House Bill 732, which created a new transferable tax credit for businesses manufacturing fertilizers and petrochemicals using dry natural gas.

Nondisclosure agreements (NDAs) or confidentiality agreements are commonplace in commercial transactions, especially in deals that are negotiated privately before any public disclosure, or if parties need to share proprietary information.

The transfer tax system (estate, gift and generation-skipping transfer taxes) taxes transfers during lifetime and at death, which, in effect, exceed a set exemption amount.

Jackie Ford conducted an interview for Texas Lawyer titled "What Employers May Encounter As Employees Return to Work." The article focuses on the potential hurdles employers may encounter as some states begin to ease lockdowns and employees re-enter the workforce.

Members of the Vorys M&A and Private Equity Groups authored a white paper that addresses attorney-client communication issues in M&A and more.

Janay Stevens, an associate in the Columbus office, and Michael Griffaton, of counsel in the Columbus office, authored an article for the Columbus Bar Association titled "Mandatory COVID Vaccinations: There is No Vaccine Against Legal Risk." The article discussing potential legal risks for employers who require employees to receive a vaccine for COVID-19.

As a result of the COVID-19 pandemic, the U.S. Senate passed multiple phases of federal Coronavirus relief legislation, including the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), the third phase of the legislation.

Summer is winding down but on the COVID-19 front, the challenges abound for bankers.

A recent Cease and Desist consent order published by the Federal Reserve Board involving disclosure actions by a (now former) bank employee helps to illustrate the importance of understanding what constitutes “confidential supervisory information” (CSI), the importance of maintaining the confidentiality of CSI, and the importance of educating bank employees, directors and other institution-affiliated parties in that regard.

On July 7, 2020, the Office of the Comptroller of the Currency (OCC), primary regulator for national banks and Federal thrifts, published a lengthy proposal for significant and extensive revisions to certain of its current regulations (the Proposal).

On June 29, 2020, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, issued new guidance (2020 Guidance)1 addressing due diligence requirements under the Bank Secrecy Act (BSA) for financial institutions that provide services to hemp-related business customers.

Dave Froling and Jeffrey Miller, attorneys in the Vorys Columbus office and members of the state and local tax group, authored an article for Tax Law360 titled “Ohio Remote-Work Tax Bills Would Unduly Burden Employers.” 

In this edition of Development Incentives Quarterly, we welcome Kelli Saunders, senior director of incentive and site selection of DHL Supply Chain in Westerville, Ohio.

Public record requests commonly target major economic development incentives.

Indemnification provisions are an important part of the fine print of many contracts.