In This Issue

Union

History Repeating: Deja vu of Failed Labor Law Regulations in Government Contracting

In 2014, President Obama issued Executive Order 13673, known as “Fair Pay and Safe Workplaces” (“FPSW”).1 The purpose of FPSW was to ensure that federal contractors provide “safe, healthy, fair, and effective workplaces”2 by complying with fourteen federal labor laws and the state equivalents.3 FPSW sought to weed out bad actors not complying with labor laws by publicizing labor law violations that occurred in the preceding three years and requiring that contractors engage in a new reporting process of violations.4

Business & Corporate

With Unquantifiable Risks Come Great Uncertainties: Mergers and Acquisitions Endanger Pending Proposals but Due Diligence and Congressional Action May Reduce Protests

Two friends walk through the local shopping mall and notice a store advertising a promotional lottery game with a $1 million grand prize. Feeling lucky, the pair decides to enter the raffle. They fill out a single lottery ticket with required personal information, writing “Zoe Jenkins and Sharon Berger” in the name section. A few weeks later, Zoe reads in the newspaper that she won the lottery and immediately attempts to call Sharon. Despite considerable effort, Zoe cannot reach her. Surprisingly, Zoe learns that Sharon recently fell in love while traveling abroad and never plans on returning home. Without any conceivable way of contacting Sharon, Zoe decides to accept the award for herself. Excited about her new wealth, Zoe visits the store to receive her $1 million prize. However, the store rescinds the award because the lottery ticket includes both Zoe’s and Sharon’s names—the store refuses to award the winnings to Zoe because she lost contact with Sharon.

Federal Government

Removing Uncertainty for the Most Uncertain Times: The Need for Amending the Anti-Assignment Acts to Better Prepare for a Financial Crisis

When financial regulators see the clouds of a financial crisis approaching, they begin a race against time to minimize the impact of the coming storm. If they cannot calm the market quickly, it could result in an economic catastrophe. The market generally expects its investments to safely return with added value. But in times of financial turmoil, the market begins to lose faith. The possibility of investments suffering extreme losses or the investment company becoming insolvent becomes all but certain in the market’s mind.

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