News & Insights

On August 17, 2024, substantial new rules created by the National Association of Realtors (“NAR”) related to real estate commissions went into effect.  NAR is the largest broker association in the country.  The new rules now specifically require that before a Buyer’s broker can represent a Buyer or show them…

To Our Clients and Friends,  On April 26, 2024, we notified you that the Federal Trade Commission (FTC) issued a final rule banning non-compete agreements in the United States for most American workers. It was scheduled to take effect on September 4, 2024. This impactful rule superseded all state laws on non-compete…

Although Governor J.B. Pritzker signed the amendment to the Illinois Equal Pay Act on August 11, 2023, Illinois Employers need to remember that new pay transparency requirements will go into effect on January 1, 2025.  Who is impacted? All public and private employers in Illinois with 15 or more employees.…

Bankruptcy lawyers and the public take note: the debt limit for small businesses and individuals wanting to reorganize under two of the more forgiving bankruptcy chapters got smaller. As of June 21, 2024, the limit for “small business debtors” under subchapter V of the Bankruptcy Code dropped from $7.5 million…

Several amendments to the Delaware General Corporation Law (DGCL) related to corporate governance, stockholder rights, and merger agreements went into effect on August 1, 2024. The amendments will apply proactively as well as retroactively to agreements a corporation has entered into prior to the effective date, but will not apply…

Golan Christie Taglia is pleased to share that associate, Joseph S. Trytten, has been appointed as the Vice-Chair of the Estate and Gift Tax Committee of the Real Property, Trusts, and Estates Section of the American Bar Association. Joseph will assume the appointment effective September 1, 2024. Congratulations, Joe, on…