The United States has reached a new trade deal with Canada and Mexico, replacing the North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement (USMCA). The new deal is largely focused on cross-border trade and tariffs, and adopts NAFTA’s immigration provisions with minimal changes. The USMCA closely adheres to the existing standards for the temporary entry of business visitors, certain professionals (TN visa), intra-company transferees (L-1 visa), and traders and investors (E-1 and E-2 visas), and is not likely to have an impact on labor mobility across the three countries. The United States, Mexico, and Canada are expected to sign the USMCA this fall and present it to Congress in early 2019.
IRS Releases Revised Retirement Plan Correction Program Including Important New Guidance for 403(b) Plans
On December 31, 2012, as Times Square in New York was getting ready to drop the crystal ball, the Internal Revenue Service (IRS) dropped long-awaited guidance regarding retirement plan corrections in the form of Revenue Procedure 2013-12. This Revenue Procedure updates the Employee Plans Compliance Resolution System (EPCRS), which includes the Voluntary Correction Program (VCP),
Network Capital Funding Corp. v. Papke, No. G049172 (October 9, 2014): A California Court of Appeal recently held that absent “clear and unmistakable” language in an arbitration agreement authorizing an arbitrator to decide threshold questions like arbitrability, the courts should decide such issues. The court also held that an arbitration agreement that was silent on
Did the Supreme Court legalize same-sex marriage? On October 6, 2014, the Supreme Court of the United States denied review of seven petitions challenging federal court of appeal rulings in the Fourth, Seventh, and Tenth Circuits that had struck down state bans on same-sex marriage. The Supreme Court’s orders do not…..