Perspectives on Nonprofits & Associations

The following is based upon the Fixed Income Market Structure Advisory Committee Panel meeting held on Monday, November 5 entitled ‘LIBOR Transition Update and SOFR Volatility,’ and related statements from the Federal Reserve Bank of New York.

For a variety of reasons, as has been widely reported, LIBOR is to cease to be published by the end of 2021 and this expected elimination of the index upon which financing transactions are based raises serious tax and non-tax concerns.

In January 2018, Partner Les Jacobowitz spoke with Reuters after the Virgin Islands Public Finance Authority filed an objection to Citigroup Inc.’s proposed $130 million settlement of a class action.

Finance Partner Les Jacobowitz spoke with Banking New York after attorneys general in at least five states began conducting investigations tied to alleged manipulation of the London interbank offered rate (LIBOR), adding to probes by US and UK authorities.

College and university staff and college store operators routinely grapple with how to enable students to use copyrighted material in the most economical and efficient way. Copyright protections have not made this easy, with sometimes complex considerations for different licenses and exceptions.

The New York Law Journal reported last year that Arent Fox’s Les Jacobowitz asked but no one—not class counsel, the judge, and certainly not the banks—had an answer.

When was the last time your organization reviewed its antitrust compliance program?

The 2019 edition of Legal 500 US has rated 49 Arent Fox LLP attorneys as national leaders in their field. In addition, 15 of the firm’s practice areas were ranked among the best in the country.

Colleges and universities should take steps now to implement a plan in response to the investigation dubbed “Operation Varsity Blues,” in which federal prosecutors charged at least 50 people in an elaborate scheme to gain admission for their children at elite universities.

Headlines that Matter for Companies and Executives in Regulated Industries

Late last year, the US Department of Education proposed a rule that the Trump Administration says “takes the important and historic step of defining sexual harassment under Title IX.”

The delivery of Audi Field at Buzzard Point was selected by Washington Business Journal as one of the Top 25 Real Estate Deals of 2018.

Regulations recently adopted in the District of Columbia require nonprofits (whether formed under DC law or formed under the laws of another jurisdiction) that enjoy real property, personal property, franchise, or sales tax exemption to re-file with the District once every five years.

Earlier this month, Arent Fox LLP received the “Best Deal of the Year” award from the Washington DC Economic Partnership for a deal financing the acquisition of a new training center for the Spanish Education and Development Center.

WASHINGTON — Twenty-four Arent Fox LLP practices have been recognized in the 2019 “Best Law Firms” rankings that are published annually by US News & World Report and Best Lawyers.

Landlords occasionally offer tenants build-out allowances that are greater than the cost the tenant will incur to build-out its space.

The 2018 edition of Legal 500 US has rated 50 Arent Fox LLP attorneys as national leaders in their field. In addition, 18 of the firm’s practice areas were ranked among the best in the country, including new recognition for the firm’s Trademark Litigation and White Collar groups.

Arent Fox International Trade Practice Group Leader Kay Georgi and Counsel Regan Alberda will speak at the 2018 Conference on the Impact of Export Controls on Higher Education and Scientific Institutions.

Court has granted partial summary judgment in a trade dress infringement and unfair competition case involving alleged knock-off bottle.

A radical shift in public health policy forced NGOs and health organizations to make a choice: accept US family planning funds or secure alternative sources of funding.

In a recent European Court of Justice Ruling, the court held that a test taker’s answers and an examiner’s comments with regard to those answers are personal data, while valuable proprietary test questions are not.

While the development and use of innovative technology for students is currently exploding in the education sector, so are the laws governing it. Education technology, commonly referred to as “Ed Tech,” is well established in most schools and continues to grow.

Arent Fox senior government relations advisor and former Congressman Phil English was quoted in The Wall Street Journal article, “Charities Coax Lawmakers to Rethink Tax Plan,” on the potential impact that GOP tax reform may have on the nonprofit industry.

A class of plaintiffs succeeded earlier this month in persuading a New Jersey federal court that trade and professional associations may violate the antitrust laws by tying benefits to association membership.

The 2017 edition of Legal 500 US has rated 50 Arent Fox LLP attorneys as national leaders in their field. In addition, 17 of the firm’s practice areas were ranked among the best in the country. Legal 500 highlighted Arent Fox’s extensive capabilities across a number of areas of the law.