Civil Law

The Corporate Transparency Act: Will it Impact You?

The Corporate Transparency Act (CTA) will affect most small, privately held businesses starting January 1, 2024. Does the CTA apply to you?

What is the CTA?
The CTA, a law enacted by Congress, will require certain business entities to disclose beneficial ownership information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The purpose of the act is to combat financial crimes, including money laundering, terrorism, human and drug trafficking and tax evasion by creating a centralized … Read the rest

Civil Law

Strauss estimates a greater impact of the Salmonella incident, partly because of consumer lawsuits

The cost of a recall and plant closure due to Salmonella contamination is to be more than initially predicated, according to Strauss Group.

The company updated the estimated damage to net profit for 2022 due to the recall and shutdown of the plant in Nof Hagalil, Israel to a range of Israeli New Shekel (NIS) 290 to 310 million ($ 84.8 to $ 90.7 million).

In May, estimates showed the confectionery recall and closure of the factory would impact net … Read the rest

Civil Law

Producers warned of potential strike impact on Salmonella samples

Egg and poultry meat producers in England have been told to prepare for disruption to sampling deliveries because of strike action.

The National Farmers Union (NFU) said producers need to take appropriate contingency measures to ensure that time-sensitive Salmonella samples reach their destination on time.

Members of the Communication Workers Union who collect, sort, and deliver parcels and mail plan to strike on Aug. 26 and 31 and Sept. 8 and 9. Royal Mail has warned of potential disruption to … Read the rest