Corporate

Georgia Attorney Challenges Corporate Transparency Act, Citing Constitutional Concerns Over Client Privacy

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Atlanta, GA – A legal challenge has been mounted against a federal law that a Georgia attorney contends infringes upon crucial attorney-client confidentiality. The attorney, Paul Spizzirri, is seeking a court order to stop enforcement of a part of the Corporate Transparency Act (CTA), which he claims compels lawyers to release privileged client information, thus breaching constitutional rights. The CTA, enacted in 2021 with the intention of curbing illicit activities such as money laundering, tax evasion, and drug trafficking, mandates that law firms disclose identifying details about corporate clients. This includes names, birth dates, and … Read more

CMS Portugal Elevates Three New Partners, Bolstering Expertise in Corporate M&A, Tax, and Labor Law

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Lisbon, Portugal – CMS Portugal, a prominent law firm, has recently elevated three of its attorneys to the position of equity partners, strengthening its leadership across various key practice areas, including corporate M&A, tax, and labour law & pension funds. The promotions are a testament to the firm’s commitment to recognizing and advancing talent within its ranks according to José Luís Arnaut, the managing partner of CMS Portugal. Margarida Vila Franca, now a partner in the corporate M&A practice, has carved out a niche in handling complex transactions, such as acquisitions, public offerings, mergers, and … Read more

Skyrocketing Jury Awards in Employment Lawsuits Reflect Shifting Generational Perspectives and Deepening Corporate Distrust

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San Diego, CA — A noticeable surge in “nuclear verdicts,” where jury awards exceed $10 million, has been linked to a growing distrust of corporations and a changing demographic within juries, particularly with the increasing presence of Generation Z jurors. This shift is not just reshaping courtroom battles but also causing a sharp rise in insurance premiums, challenging longstanding legal practices and corporate accountability. In a notable recent legal battle, a San Diego jury awarded $11.2 million to a 74-year-old former employee of Octapharma Plasma Inc., who filed a lawsuit for age discrimination and failure … Read more

Federal Judge Pauses Implementation of Corporate Transparency Act, Citing Legal Concerns

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A federal judge in Washington, D.C., has issued a temporary injunction against the Corporate Transparency Act, throwing a wrench into regulations aimed at curtailing financial secrecy among small businesses. The ruling, pending a lawsuit brought forth by a group of business associations, questions the burden imposed by the new law that requires smaller enterprises to disclose their ownership details. The contested legislation, passed with the intent of preventing illicit activities such as money laundering, mandates that businesses with fewer than 20 employees submit significant ownership information to the Financial Crimes Enforcement Network (FinCEN). This provision, … Read more