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Business and Legal Insights
- 9.3.24
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 public-private partnerships and private activity bonds.
- 8.21.24
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 “Rule”) that prohibited the use of most noncompete agreements in the employment setting.
- 8.16.24
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 other upholding the Rule. Given the rapidly approaching effective date, and the uncertainty as to the Rule’s ultimate fate, employers should quickly and carefully consider their plans to comply with the Rule. While employers should consult with qualified counsel regarding their specific circumstances, below are some general guidelines on next steps for consideration.
- 6.20.24
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, starting July 1, 2025, all builders of newly constructed homes provide a statutory warranty, unless they already provide a written warranty that meets or exceeds the statutory warranty terms.