As some recent incidents have shown, sometimes smart contracts might not be “smart” (i.e., flawless) enough to achieve what people intend them to achieve, and sometimes even an unintended error in smart contracts could result in substantial, unbearable losses to developer teams and/or investors.
On September 20, 2022, New York City Mayor Eric Adams announced that New York City’s COVID-19 vaccine mandate for private employers will end on November 1, 2022.
In response to growing demands to overhaul the fashion industry’s labor practices, the New York State Legislature recently considered the New York Fashion Workers Act—an amendment to the state’s labor law—that would significantly expand labor protections for those in the fashion and entertainment industry.
Beginning November 1, 2022, New York City private sector employees will no longer be subject to the COVID-19 vaccination mandate.
Businesses operating in New York City should be aware of a local law addressing the use of automated employment screening and decision-making tools coming into effect on January 1, 2023.
To help offset some production costs associated with producing digital games in New York state, the Department of Economic Development on Aug. 10 issued an emergency regulation (at page 9) providing the procedures to claim the 25% Digital Gaming Media Production Tax Credit.
The New York Department of Financial Services (“NYDFS”) made clear last week that crypto companies can be held accountable for allegedly failing to comply with anti-money laundering (“AML”) / Bank Secrecy Act (“BSA”) regulations.
On July 14, 2022, the New York City Council introduced legislation that would allow employees to file a civil action against their employers to enforce their rights under the New York City Earned Safe and Sick Time Act.
The New York State Department of Financial Services (DFS) has issued an Industry Letter providing guidance on overdraft and non-sufficient funds (NSF) fees to depository institutions that it supervises.
Hoping that faster construction methods can be combined with increased subsidies to undertake billions of dollars of desperately needed affordable housing renovations, New York’s Legislature has authorized the use of several alternative project delivery methods on some New York City affordable housing units. Contained in the NYC Public Housing Preservation Trust Act, the plan to use alternative construction methods is contingent on federal authorization of subsidies to provide ongoing support for units currently owned by the New York City Housing Authority (NYCHA).
As adoption around blockchain, non fungible tokens (NFTs) and the metaverse grows, there’s an increasing focus on the legal challenges these emerging technologies present.
In Notice 2022-36, the Internal Revenue Service (IRS) announced relief for taxpayers who failed to file certain tax and information returns with respect to tax years 2019 and 2020.
On August 11, 2022, the Centers for Disease Control and Prevention (CDC) unveiled its updated COVID-19 guidelines, revising both quarantine and isolation guidelines in the process.
On Aug. 24, 2022, the IRS issued Notice 2022-36, which provides penalty relief to taxpayers for certain late-filed 2019 and 2020 tax returns and information returns, but this relief is only afforded to those who file the eligible returns on or before Sept. 30, 2022, and the relief does not apply to all types of returns.
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) received a Freedom of Information Act (FOIA) request for detailed EEO-1 Report employee demographic information that thousands of U.S. employers submitted from 2016 through 2020.
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