In this issue:
Joel C. Farrar
This article is also featured in the October 26 2020 issue of MiBiz.
Your business may grow through mergers and acquisitions (M&A) despite challenges posed by the COVID-19 pandemic.
COVID-19 has clearly dampened appetites for transactions. Statistics from Dealogic show that the value of M&A activity during Q1 2020 plunged 35% globally and 39% in the United States from the prior quarter. While we are seeing improvements, full recovery seems far off...
Amanda J. Dernovshek and Jean G. Schtokal
To protect your international business transactions, avoid a penalty of $250,000 per violation, and avoid unwinding your transaction after completion, a company who is seeking foreign investment must be aware of the Committee on Foreign Investment in the United States (“CFIUS” or “Committee”) and its strict rules surrounding foreign investment.
To avoid the headache, read this article and consider whether you should contact one of the attorneys at Foster Swift to discuss your foreign investment opportunities...
December 8, 2020
Moderated by the U.S. Commercial Service, along with the West and East Michigan District Export Councils (DECs), join Trade Talk Tuesday on December 8 at 10:00 am. This 20-minute virtual discussion on international logistics is free to attend and will feature panelists David Radle; Operations Manager at Logistics Steelcase and Les Brand; CEO at Supply Chain Solutions (SCS).
Topics include:
There will also be a brief period at the end for Q & A. Registration deadline for this session is 5:00 pm on Monday, December 7.
For registration and more information, visit https://www.eastmichigandec.org/events/38/trade-talk-tuesday-logistics-trends-stra
December 10, 2020
With more employees working remotely for the foreseeable future, a resulting increase in spoofing and other hacking attempts is becoming a very real threat. Does your business have the proper protection policies and procedures in place? Join us for a virtual training session.
Moderated by Patricia Scott, learn from attorneys Robert Hamor and Taylor Gast, on ways to minimize risk and avoid disaster as more of your employees work remotely. This virtual discussion will touch on the recent rise in spoofing and computer hacking attempts, along with strategies to protect your business and employees.
Julie L. Hamlet and Caroline N. Renner
As health care providers continue to face new challenges relating to the COVID-19 pandemic, it is important for providers to maintain compliance with the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”).
Although the Department of Health and Human Services Office for Civil Rights (“OCR”) has loosened some requirements to allow health care providers flexibility during the COVID-19 pandemic, a majority of the patient protections under the HIPAA Privacy Rule have remained intact...
Amanda J. Dernovshek, Julie L. Hamlet and Mindi M. Johnson
Cafeteria plans, which are governed by Internal Revenue Code (“IRC”) Section 125, are welfare benefit plans that enable participants to pay for certain benefits on a tax free basis. Cafeteria plans are the exclusive means by which an employer can offer employees the choice between taxable and nontaxable benefits without the election itself resulting in income inclusion by the participants.
To receive the IRC Section 125 tax advantages, a cafeteria plan must meet certain legal requirements. Below is a list of several of these legal requirements and an explanation of each of them...
As Michigan inches closer to 2021, the uncertainty in the coming months can feel overwhelming. The need to stay up to date on changes to legal issues is greater than ever.
Recognizing a need for individuals and businesses alike to stay up to date on the latest legal trends in 2020, Foster Swift created a “2020 Year in Review” resource webpage.
Including articles and videos on hot topics going into 2021, such as current updates to COVID relief including PPP loan forgiveness, how international trade has been affected and best practices for cybersecurity measures during the pandemic, be sure to periodically visit the page at fosterswift.com/f-year-in-review-resource-page-2020.html.
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Foster Swift Collins & Smith, PC E-Newsletters are intended for general information for our clients and friends. This newsletter highlights specific areas of law and is not legal advice. The reader should consult an attorney to determine how this information applies to any specific situation.
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