What’s new

Given the increasingly negative view of the use of restrictive covenants in employment agreements, and consistent with the growing trend in this country, the Illinois legislature’s recent amendments to the Illinois Freedom to Work Act 1 (“Act”) will significantly curtail the ability of employers to bind their employees to non-competition...

Due to technological developments, secured parties increasingly rely on technology, such as GPS tracking devices and starter interrupt devices, when repossessing collateral after a debtor’s default. In response, certain states have modified Section 9-609 of the Uniform Commercial Code to address the use of technology when repossessing collateral by limiting or restricting a secured party’s use of electronic self-help when recovering collateral after a debtor’s default.

Dressler & Peters attorneys, Dennis Dressler and Dan Stokes, recently completed an executive incentive compensation package for a Mexican private equity client involving one of its U.S. medical device portfolio companies. Given the cross-border nature and the desires of the client, as well as, the complexities of 409A compliance for...