Business and Legal Insights

President-elect Donald Trump recently stated on November 25, 2024, his intention to impose tariffs of 25% on all goods coming from Mexico and Canada on his first day in office unless those countries do more to stop the flow of migrants and the opioid fentanyl into the United States. Among other commodities, significant amounts...Read More

This past Friday, employers scored a victory when a Texas federal judge struck down the Department of Labor’s (DOL) rule which increased the salary levels for the Fair Labor Standards Act’s (FLSA) executive, administrative, professional, and highly compensated employee overtime exemptions. The court’s ruling...Read More

Shutts & Bowen would like to inform you that earlier this week the U.S. Financial Crimes Enforcement Network (“FinCEN”) announced a temporary postponement of the Beneficial Ownership Information (BOI) reporting deadlines for companies impacted by recent hurricanes and other major storms. This extension aims to...Read More

The U.S. Department of Transportation’s Build America Bureau recently announced its first Transportation Infrastructure Financing and Innovation Act (“TIFIA”) loan for transit-oriented development projects.  Such loans support transportation development with a variety of financing structures, including...Read More

On August 20, 2024, U.S. District Judge Ada Brown in Texas issued a final order in the pending case, Ryan v. FTC, holding that the Federal Trade Commission (FTC) exceeded its authority in issuing a ban on noncompete clauses. This ruling effectively halts nationwide the implementation of the FTC’s controversial new rule (the...Read More

In April 2024, the Federal Trade Commission (FTC) adopted a Rule banning most non-compete provisions in the employment setting, with an effective date of September 4, 2024. Thus far, there have been three major federal decisions on the Rule, two halting its enforcement — currently as to the parties to the cases only — and the...Read More

Florida Governor Ron DeSantis recently signed H.B. 623 into law on April 15, 2024, creating a new section 553.837, Florida Statutes, which will require builders to provide a one-year warranty for all newly constructed homes.  While many new construction home builders already offer a warranty, this statute requires that...Read More

The Ordinance imposes a temporary suspension of up to six (6) months on some, but not all, development projects within unincorporated areas of the County, during which the County will not process Comprehensive Plan text and map Amendments, Rezonings, and Special Exceptions.Read More

On April 23, 2024, the U.S. Department of Labor (“Department”) announced its final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which revises regulations for determining whether certain salaried employees are exempt from minimum...Read More

Updates to the Health Insurance Portability and Accountability Act Security Rule (“HIPAA Security Rule”) are planned for Spring 2024. New guidance from The Department of Health and Human Services (“HHS”) via a recently released Concept Paper confirms plans to update the HIPAA Security Rule and additionally, the...Read More