New Limits on Contractor Compensation Costs
Client Alert | less than 1 min read | 01.06.14
Two statutes passed by Congress in the waning days of 2013, the FY 2014 National Defense Authorization Act (NDAA) and the Bipartisan Budget Act (BBA), reduced the allowable compensation costs for employees of government contractors to $625,000 and $487,000, respectively, and both statutes were signed by the President on December 26. Although Congress passed the BBA with the lower cap before the NDAA, the President signed the BBA after he signed the NDAA and it seems likely that the lower cap in the BBA will be applied to new cost-reimbursement contracts awarded 180 days or more after the statute was signed, as provided in the BBA.
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Client Alert | 3 min read | 10.15.25
On August 15, 2025, the Treasury Department and IRS released updated guidance concerning Beginning of Construction requirements to qualify for clean energy tax credits. This new guidance is critical for developers to consider as they rush to qualify for the tax credits before they expire entirely. The much-anticipated guidance followed the July 7, 2025 Executive Order 14315, Ending Market Distorting Subsidies for Unreliable, Foreign-Controlled Energy Sources (“July 7, 2025 Executive Order”), which signaled that the Trump Administration was planning to strictly enforce the termination of production and investment tax credits for solar and wind facilities that are set to expire under the One Big Beautiful Bill Act (OBBB Act), covered in more detail here. The new guidance comes at a time when many in the industry are struggling to keep up with the myriad ways that the new administration is working to roll back wind and solar tax credits, leaving developers to piece through the recent guidance to determine how best to structure and invest in clean energy projects given the volatile position of the current administration vis-a-vis wind and solar energy.
Client Alert | 10 min read | 10.15.25
Client Alert | 4 min read | 10.14.25
Client Alert | 35 min read | 10.13.25
Building Blocks of Design Law: CJEU rules on LEGO Group Modular Design Protection
