Publication - 02/28/2012

Congress Gives the Green Light to Incentive Auctions

Telecommunications Alert

On February 17, both the House and the Senate passed the Middle Class Tax Relief and Job Creation Act of 2012. Among other things, the Act provides for the extension of the payroll tax holiday and unemployment benefits and prevents cuts in Medicare physician payment rates. To help offset the cost of the Act, the legislation includes significant spectrum provisions centered around preparations and details of a future auction of spectrum currently held by broadcast television licensees to other users, likely including commercial wireless carriers. This process is ultimately expected to raise billions of dollars for the Treasury, while also helping to fund the creation of a nationwide public safety broadband network for emergency first responders, another subject of the Act.

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FDA Releases Draft Guidance on its Voluntary Qualified Importer Program

Client Alert
Kathleen M. Murphy, Mollie D. Sitkowski

On June 5, 2015, the Food and Drug Administration (FDA) announced the publication of its Draft Guidance on its Voluntary Qualified Importer Program (VQIP).

The DOL Announces Proposed Revisions to FLSA Regulations Doubling the Minimum Salary Requirement for Exempt Employees

Client Alert
Dennis M. Mulgrew, Jr.

More than 15 months after President Obama issued a Presidential Memorandum directing the Secretary of Labor “to propose revisions to modernize and streamline the existing [FLSA] overtime regulations,” the Department of Labor on June 30, 2015 finally issued a Notice of Proposed Rulemaking (NPRM) detailing its proposed revisions.

The Validus Decision: Potential Impact on FET Refund Claims

Client Alert
Thomas Gray, John W. Weber, Jr.

By Thomas Gray and John W. Weber, Jr. Summary and Highlights: On May 26th, the U.S. Court of Appeals for the District of Columbia Circuit held in favor of Validus Holdings Ltd. (“Validus Re”), a Bermuda reinsurance company, in the federal government’s appeal of the decision in Validus Reinsurance Ltd. v. United States, 113 AFTR 2d 2014-813 (D.D.C. 2014).[1] The case deals with the imposition of the federal insurance premiums excise tax (FET) imposed under Secti...

CBP Offers to Negotiate With Foreign Customs on Exporters' Behalf

Client Alert
Kathleen M. Murphy, Mollie D. Sitkowski

On June 18, 2015, U.S. Customs and Border Protection (CBP) announced in the Federal Register that it would be accepting “requests for assistance” from exporters who are dealing with valuation or classification issues with foreign customs agencies.

Third Circuit Addresses Structured Dismissal of Bankruptcy Case

The Legal Intelligencer
Joseph N. Argentina, Jr., Andrew C. Kassner

Philadelphia and Wilmington partner Andy Kassner and associate Joe Argentina published an article in The Legal Intelligencer titled, “Third Circuit Addresses Structured Dismissal of Bankruptcy Case.”