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June 15, 2023 | Insurance Coverage Law Center

Illinois Insurance Department Moves to Online-Only Process for Producer, Agent Licensing

The change will go into effect July 1, 2023, and affects initial license applications, renewal applications and payments.
2 minute read
June 15, 2023 | Law.com

State Appellate Court: Federal Law Permits States to Use Treasury Department 'Intercept Process' to Satisfy 'Covered Unemployment Compensation Debt'

"Because of the past mismanagement of Washington's Employment Security Department and the widespread confusion that was caused by new programs implemented in response to the COVID-19 financial crisis, this decision potentially effects tens of thousands of people in our state," said Weisman's attorney Timothy Ford. "It allows ESD to seize property without any kind of judicial process or court order whenever it decides that a person has been overpaid unemployment benefits—even if the overpayment was not their fault but ESD's. It does this by interpreting the words of a federal statute to mean something completely different from what the US Supreme Court has said they mean."
4 minute read
June 05, 2023 | New York Law Journal

Treasury Management for Fiduciaries in the Wake of Recent Bank Failures

In the wake of recent bank failures, it is more important than ever to carefully consider the cash-management options available for the needs of each particular case and the risk tradeoffs to analyze when operating within the structures of the U.S. banking system.
8 minute read
May 31, 2023 | New York Law Journal

In Wake of Signature Bank Collapse, NY Regulator Says She's Watching Risk Factors of Other Institutions

Ex-U.S. Rep. Barney Frank, a Signature board member, suggested cryptocurrency had more to do with the bank's closure than New York DFS Superintendent Adrienne Harris had indicated.
5 minute read
May 26, 2023 | National Law Journal

Biden Plans Executive Order on Outbound Investments, Foreign Trade Attorneys Say

The screening mechanism would likely be similar to current regulations on foreign investment in the United States but in reverse.
6 minute read
May 26, 2023 | New York Law Journal

EU's Delisting of Sanctioned Persons, Entities Suggest a More Open Process Than OFAC Determinations

Designees can seek reconsideration or delisting, and many are taken off the lists, but the process on the U.S. side is more opaque.
10 minute read
May 23, 2023 | National Law Journal

Debt Ceiling Impasse Creates Uncertainty for Federal Courts

An effort to find precedent by comparing the debt-ceiling impasse to a federal shutdown, like the one the country incurred in early 2019, was a challenge.
4 minute read
May 22, 2023 | New York Law Journal

Can the Autonomous Remain Anonymous?

Utah recently passed novel legislation granting "decentralized autonomous organizations"—often referred to as "DAOs"—their own recognized form of legal existence and providing for limited liability. This new kind of legal entity has several distinctive attributes, including some intended to help DAO members remain anonymous. But questions loom about how Utah's hopes for DAO member anonymity will fare when they come up against recently adopted provisions under U.S. federal law that seek to promote transparency by forcing disclosure of the individuals who stand behind legal entities. Can this seeming conflict be resolved? Can the autonomous ultimately remain anonymous?
19 minute read
May 18, 2023 | National Law Journal

Crowell & Moring Taps Hogan Lovells Partner as Tax Co-Chair

The move comes as the firm looks to build up its ability to handle the U.S. federal tax aspects of complex business transactions, including joint ventures and domestic and cross-border mergers.
3 minute read
May 17, 2023 | National Law Journal

Cannabis Company Denied License Challenges New Jersey's Scoring Decisions

New Jersey and other states tout social equity in their cannabis-licensing programs. A lawsuit filed by one unsuccessful applicant says competitors are gaming the system.
7 minute read

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