Payment for employment

Bitcoin Compensation Hurdles: Borderless Money in a Bordered World

By Bryan F. Jacoutot, Taylor English Duma LLP

Bitcoin, the world’s first and most popular cryptocurrency, continues its rapid ascent into mainstream consciousness. Initially developed as a method to circumvent traditional financial structures for internet-based transactions, it is increasingly seen as a potentially viable payment method for legacy structures like employment.

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Mississauga, Canada

New Record-Keeping Requirements for Private Corporations

By Matthew Kindree, Pallett Valo LLP

Effective 13 June 2019, private corporations regulated under the Canada Business Corporations Act are required to prepare and maintain a register of individuals with “significant control” over the corporation. Previously, the Canada Business Corporations Act (the CBCA) required corporations to maintain a register showing the names of each person holding shares of the corporation, but did not require the corporation to list individuals who were the beneficial owners of such shares or who had direct or indirect control or direction over such shares.

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Report Crimes Against Children – It’s the Law

By Elizabeth L. Troutman and Jill R. Wilson, Brooks, Pierce, McLendon, Humphrey & Leonard LLP

By enacting Session Law 2019-245, the North Carolina General Assembly imposed new broad-sweeping requirements to protect children, making the failure to report certain criminal acts perpetrated against children a crime.

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Hamburg, Germany

Amendments to the German Money Laundering Act

By Dirk Kohlenberg, nbs partners

With the implementation of the 4th EU Money Laundering Directive (RL [EU] 2015/849) in the German Money Laundering Act (Geldwäschegesetz, “GWG”), a transparency register was established in Germany on 01 October 2017.

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Raleigh (NC), USA

New Paid-Leave Laws Require Employers to Change Practices

By D. Beth Langley and Sarah M. Saint, Brooks, Pierce, McLendon, Humphrey & Leonard, LLP

Since there is no federal paid sick leave law in the US, employers’ mandates and employees’ rights vary from state to state and locality to locality. In recent years, thirteen states, Washington, DC, and several localities, have mandated paid sick leave for employees. Further, Maine recently passed a law requiring employers to provide paid leave for employees regardless of reason.

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product desinger

The Benefits of an Interdisciplinary Approach

By Ran Kamil and Sharon Godesh, Soroker Agmon Nordman | IP & beyond

Often there comes a time during the development of a new product when a prior-art search reveals that someone obtained a patent for an aspect of the product, and the development process hits the patent wall. In such cases, the developer has numerous options: from abandoning the product altogether; obtaining a license from the patent holder; applying to revoke or cancel the patent; purchasing the patent; to launching the product anyway and risking being sued for patent infringement. The disadvantages of all these options are that they are costly and usually require revealing information regarding the development of the new product prior to its launch.

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Network administrator in server room

These 2020 Cybersecurity New Year’s Resolutions Will Aid in Securing Your Business

By S. Wilson Quick, Brooks, Pierce, McLendon, Humphrey & Leonard LLP

In this day, data is often one of the most valuable assets companies have and it needs to be protected as such. Guarding data has become crucial for every business, no matter the size and industry. In the first half of 2019, there were 3,800 publicly disclosed breaches and 4.1 billion records exposed according to NortonLifeLock Inc., a global leader in consumer cyber safety. To protect your customers and business, here are five tasks we recommend implementing in 2020.

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