OMB Reverses $250,000 Micropurchase Cap
Client Alert | 1 min read | 10.05.05
Apparently out of concern about fraudulent or abusive use, OMB notified federal agencies late October 3 that it has rescinded the recently increased $250,000 limit on hurricane-related transactions that can be made using government purchase cards, returning to the original limits of $2,500 for normal purchases and $15,000 for contingency operations. In a related action, OMB has instituted new government-wide policies to reduce the risk of fraud, misuse, and late payments associated with use of the government-issued cards in "Improving the Management of Government Charge Card Programs," an appendix to OMB Circular A-123.
For more information, please visit: http://georgewbush-whitehouse.archives.gov/omb/circulars/a123/a123_appendix_b.pdf
Insights
Client Alert | 3 min read | 03.28.24
UK Government Seeks to Loosen Third Party Litigation Funding Regulation
On 19 March 2024, the Government followed through on a promise from the Ministry of Justice to introduce draft legislation to reverse the effect of R (on the application of PACCAR Inc & Ors) v Competition Appeal Tribunal & Ors [2023] UKSC 28. The effect of this ruling was discussed in our prior alert and follow on commentary discussing its effect on group competition litigation and initial government reform proposals. Should the bill pass, agreements to provide third party funding to litigation or advocacy services in England will no longer be required to comply with the Damages-Based Agreements Regulations 2013 (“DBA Regulations”) to be enforceable.
Client Alert | 6 min read | 03.26.24
Client Alert | 11 min read | 03.26.24
Client Alert | 6 min read | 03.21.24
Federal District Court Rules Corporate Transparency Act Unconstitutional