Phase I Hazardous Land Conditions Study Standard Approved By USEPA

The US Environmental Protection Agency issued rules December 30, 2013 approving the American Society for Testing and Measurement (ASTM) E1527-13 standard practice for Phase I environmental site assessments. This is an “all appropriate inquiries” standard, which defines and limits what types of site conditions require inquiry, allows parties to rely on agency letters indicating they…

SEC No Action Letter on M&A Brokers

The Securities and Exchange Commission has issued a no-action letter which reaffirms that merger and acquisitions brokers do not have to register as broker-dealers where control of a privately held business transfers hands as a result of their efforts. The letter is available at: https://www.sec.gov/divisions/marketreg/mr-noaction/2014/ma-brokers-013114.pdf?utm_source=SEC+Issues+M%26A+Broker+No+Action+Letter+1-31-14&utm_campaign=SEC+MAB+NAL+-+2%2F3%2F14&utm_medium=email Practice tip: M&A includes facilitation of “mergers,¬†acquisitions, business sales, and…

Hundreds of New Regulations

Regulations.gov lists 537 new or final federal rules published in the last 30 days. 517 proposed rules from all publishing dates are still open for comment. These include environmental regulations making coal fired power plants almost impossible to build and home woodstoves much more expensive. Banks and other financial institutions face new Dodd-Frank law regulations.…