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Government Contractors Are Now Covered Under the PREP Act


Wednesday, February 24, 2021
The Secretary of the U.S. Department of Health and Human Services recently added government contractors to the list of entities eligible for immunity from liability under the Secretary’s March 17, 2020, Public Readiness and Emergency Preparedness Act (“PREP Act”) declaration.  The PREP Act protects individuals and companies from liability for death or other tort-like harm in connection with the pandemic response, except for cases involving “willful misconduct.”  Under the recent amendment, government contractors acting with authorization from an executive department or agency or who 
could be so authorized are protected from liability when they prescribe, administer, deliver, distribute, or dispense Covered Countermeasures, as long as they meet the other requirements of the Act.  Covered Countermeasures could include the COVID-19 vaccine or personal protective equipment like respirators.  We wrote previously about t ....

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BSP cautions banks against illegal online gambling


Published February 9, 2021, 6:40 PM
The Bangko Sentral ng Pilipinas (BSP) has issued an advisory warning banks and non-banks to be alert and detect clients or customers that are engaged in illegal online gambling and to report these activities to the proper government agencies including the central bank.
BSP memo (Circular Letter No. CL-2021-012) reminded all BSP-supervised financial institutions (BSFIs) to transact only with licensed and registered online gambling operations and for all banks to have sound risk management practices.
BSP Deputy Governor Chuchi G. Fonacier, who signed the circular memo on February 6, said BSFIs are cautioned to “deal only” with gambling and/or online gaming businesses that are “authorized/licensed by or registered with the appropriate government agency duly empowered by law or its charter to license or authorize entities or businesses to engage in such activities, and file suspicious transaction reports as warranted.” ....

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