In recent examinations, the FDIC has identified issues arising from the existence of "optionality" provisions in participation agreements that provide the originating lender with the option of repurchasing the participated portion of the loan upon a borrower default.
Michael Bronson and Patrick Hagan, attorneys in the Vorys Cincinnati office, co-authored a column entitled “An Unconstitutional FCA Provision Lurking In PPACA?” The column was originally posted in the May 30, 2012 editions of Government Contracts Law360, Health Law360 and Public Policy Law360.
Rosemary Welsh, of counsel in the Vorys Cincinnati office, outlined the steps employers can take to reduce the longevity of workers’ compensation claims in the May/June 2012 edition of the Ohio Chamber of Commerce’s Ohio Matters magazine.
The Centers for Medicare and Medicaid Services (CMS) has issued two rulemakings aimed at alleviating procedural and administrative burdens on providers in response to the president's Executive Order 13563, Improving Regulation and Regulatory Review.
Gregory D. Russell, a partner in the Vorys Columbus office, outlined the review of Ohio’s oil and natural gas regulations conducted by the State Review of Oil and Natural Gas Environmental Regulations Inc. (STRONGER Inc.), a stakeholder organization consisting of environmental, state and industry representatives with expertise in the exploration for and production of oil and natural gas resources, in Crain’s Cleveland Business.
Beginning May 1, 2012 and continuing through June 15, 2012, the State of Ohio is conducting a General Tax Amnesty Program that under the right set of circumstances could provide significant savings for businesses and individuals with Ohio tax concerns. The General Tax Amnesty Program is separate from the Consumer Use Tax Amnesty Program, which began October 1, 2011 and runs through May 1, 2013.
Anthony J. Giuliani, a partner in the Vorys Columbus office, outlined the U.S. Environmental Protection Agency’s (EPA) proposed emission standards for chromium electroplating and anodizing facilities in an article published in the May 2012 edition of Products Finishing Magazine.
Effective April 13, 2012, the Department of State adjusted the visa processing fees applicable to beneficiaries applying for a new visa stamp at a U.S. Embassy or Consulate. Most nonimmigrant visa applications and Border Crossing Cards will increase, except for the E visas (treaty-traders and treaty-investors) and K visas (for fiancés of U.S. citizens).
The Patient Protection and Affordable Care Act (PPACA) established the Patient-Centered Outcomes Research Institute to study the effectiveness of various treatments. The Institute's work will be supported by the Patient-Centered Outcomes Research (PCOR) fee.
Jeffery E. Smith, a partner in the Columbus office, published this article in The Bankers' Statement, regarding branch purchase and sale transactions, involving sales and acquisitions of defined assets and assumption of defined liabilities (P&A transactions).
Sheila Nolan Gartland, a partner in the Columbus office, details Ohio's history of oil and gas production in this article, which was originally published in the November/December edition of Ohio Lawyer, a publication of the Ohio State Bar Association.