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insightOn Friday, July 22, 2016, the Consumer Financial Protection Bureau (the “Bureau”) published proposed rules and a request for public comment in the Federal Register to establish a new consumer regulation, 12 CFR 1041, which would regulate payday loans, vehicle title loans, and certain high-cost installment loans (“Covered Loans”).
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insightOn Aug. 23, the College of William & Mary, in conjunction with VCU and Old Dominion, hosted its first regional economic development forum. Tom Frantz and Nicole Pugar attended and presented at the conference on the prospects of a Richmond-Hampton Roads mega-region.
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insightJohn Paris was a recent guest on the Tommorow's Tech podcast. The interview, which runs for just over 30 minutes, discusses John's background, his work with the 757 Angels and more on mergers and acquisitions, angel investing and startups in the Hampton Roads area.
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insightWhat happens when a health care provider experiences several breaches, affecting a staggering 4 million people? Advocate Health Care Network (“Advocate”), an Illinois health system, found out the hard way after a subsidiary reported to the Department of Health and Human Services (“HHS”) three breaches of electronic protected health information in 2013
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insight“This article was first published in Opening Statement, Vol. 4, No. 3 (VBA Young Lawyers Division 2016). Assisted living facilities, continuing care retirement communities, and skilled nursing facilities are all types of long-term care facilities. In 2015, we experienced a record-breaking year for long-term care mergers and acquisitions, which often entail a change in the owner and/or the operator of a long-term care facility. In the first quarter of 2016, deal volume in the long-term care industry has continued to increase. While seemingly similar to other transactions, such as the sale of a retail business, long-term care deals offer special challenges to both buyers and sellers. Any party that is about to enter into a long-term care facility transaction, or any counsel whose client may be a part of such a transaction, should consider the following key topics:
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insightThe Centers for Medicare and Medicaid Services (CMS) this month took aim at the unauthorized taking and sharing of photos and videos – including through social media – in nursing facilities.
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insightThe State Department has issued new policy guidance regarding the requirement for gunsmiths and others involved in the firearms industry to register with the State Department under Part 122 of the International Traffic In Arms Regulations (“ITAR”).
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insightPhil Hamilton is a former Virginia lawmaker who was sentenced to 10 years in prison for bribery and extortion. On the heels of the Supreme Court's decision in the case involving former Virginia Governor Bob McDonnell, Hamilton is appealing his conviction in hopes of getting it overturned. Patrick Hanes was quoted by the Associated Press in a story about the appeal.
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insightThe ATF has just released a new ruling—ATF Ruling 2016-1[1]—that modernizes the procedures for federal firearms licensees to keep their acquisition and disposition records in electronic format. The former procedures under ATF Ruling 2013-5[2] allowed FFLs to keep electronic records, but the procedures contained a critical omission. There was no option that would allow FFLs to use cloud-based data storage because the computer server on which the data resided had to be “owned and operated solely” by the FFL. ATF Ruling 2016-1 corrects this omission, and now FFLs will be able to store their acquisition and disposition records electronically and use the cloud to store the data. [1] https://www.atf.gov/firearms/docs/ruling/2016-1-requirements-keep-firearms-records-electronically/download [2] https://www.atf.gov/file/11226/download
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insightThe Best Lawyers in America© has named nine Williams Mullen attorneys 2017 “Lawyers of the Year.” Five of the attorneys selected have won in previous years, including Chuck Neely, who has won four straight years, and Phil Conner, who has won five times.