Keith Paul Bishop

Keith Paul Bishop

Allen Matkins Leck Gamble Mallory & Natsis LLP

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Latest Posts › Choice-of-Law


New California Law Threatens To Destroy Plan Uniformity

Companies often include a choice of law provision in their equity and other compensation plans. Some companies include a choice of law in the award agreement, either in lieu of, or in addition to, the plan document. ...more

10/13/2016 - Choice-of-Law Compensation & Benefits Compensation Agreements Contract Terms Employment Contract Equity Compensation Labor Code Multistate Corporations New Legislation Voidable

Which Code Applies When A Stock Certificate Has Been Lost, Destroyed Or Wrongfully Taken?

Earlier this week, I wrote about Judge Edward M. Chen’s ruling in Sender v. Franklin Res., Inc., 2015 U.S. Dist. LEXIS 171453, 3-4 (N.D. Cal. Dec. 22, 2015). Judge Chen applied California Corporations Code Section 419 to a...more

8/17/2016 - Choice-of-Law Delaware General Corporation Law Enforcement Actions Internal Affairs Doctrine SEC Severance Agreements Share Certificates Uniform Commercial Code (UCC)

Why Delaware Corporations Should Worry About California Law When Making Dividends

When paying a dividend to shareholders, California corporations are subject to Chapter 5 of the California Corporations Code. Corporations incorporated in Delaware and other states may also be subject to Chapter 5 if they...more

5/2/2016 - Choice-of-Law Corporations Code Dividends Foreign Corporations Uniform Voidable Transactions Act (UVTA)

What Law Governs A Foreign General Partnership?

The California Uniform Partnership Act of 1994 defines a “partnership” to mean “an association of two or more persons to carry on as coowners a business for profit formed under [Cal. Corp. Code] Section 16202, predecessor...more

4/20/2016 - Choice-of-Law Corporations Code Foreign Entities Jurisdiction Partnerships

Choosing Delaware, Instead Of California Law, May Prove Very Costly Indeed!

Last spring, I had the pleasure of meeting Delaware Supreme Court Justice Karen Valihura when we were speaking at the Los Angeles County Bar Association’s annual Delaware & California Law Update. Given her visit to...more

1/19/2016 - Abuse of Discretion Breach of Contract Choice-of-Law Contract Negotiations License Agreements

Officers And The Internal Affairs Doctrine

My guess is that most attorneys would say that the duty of an officer to the corporation are governed by the law of the state of incorporation under the “internal affairs doctrine”.  As explained by the U.S. Supreme Court,...more

9/2/2015 - Agents Board of Directors Choice-of-Law Corporate Officers Corporations Code Employment Contract Foreign Corporations Internal Affairs Doctrine State of Incorporation

Is Chametz A Good?

The Jewish holiday of Passover begins at sundown this evening.  In preparation for Passover, observant Jews must dispose of absolutely all chametz, which is basically any food that is made with grain and water that has been...more

4/3/2015 - Choice-of-Law

Court Of Chancery Rejects Delaware Choice Of Law

The public policies of California and Delaware both espouse freedom. Ironically, the freedoms that they espouse are antithetical to each other. California embraces the freedom of people to pursue any lawful and employment...more

2/3/2015 - Choice-of-Law Limited Liability Companies Non-Compete Agreements Public Policy

Judge Rules Choice Of Law Waives CSL Claim

I was quite surprised to read Judge Gregory M. Sleet’s ruling in OpenGate Capital Group LLC v. Thermo Fisher Scientific Inc., 2014 U.S. Dist. LEXIS 92256 (D. Del. July 8, 2014). The lawsuit was brought by the purchaser of a...more

8/27/2014 - Choice-of-Law Conflicts of Laws Purchase Agreement

Brazilian Noteholder Sues Brazilian Guarantor – What Does New York Law Have To Do With It?

At the opening of the Los Angeles aqueduct on November 5, 1913, William Mulholland famously declared “There it is. Take it!” Much the same could be said of Civil Code Section 1646.5. The statute provides that the parties to a...more

2/21/2013 - Choice-of-Law

Here’s One More Thing You Can Do Legally In Nevada But Not In California

Suppose you are a real estate developer with two buildings and you anticipate that investors in each building will have different investment objectives. If the buildings are placed in a single limited liability company, each...more

2/6/2013 - Choice-of-Law LLC Real Estate Investments RULLCA Series LLC

Forum Selection Bylaws And The California Constitution

Last December, I briefly discussed whether a forum selection bylaw with respect to officers and directors would pass muster as a contractual choice of law. See A Forum Selection Clause Issue That You May Not Have Heard About...more

1/15/2013 - Bylaws Choice-of-Law Corporate Officers Directors Forum Selection Waivers

Is FDIC v. Van Dellem California’s Smith v. Van Gorkom?

Last Friday, the jury in FDIC v. Van Dellem (C.D. Cal. Case No. CV 10-4915 DSF (SHx)) returned a verdict totalling nearly $169 million against three former officers of the home builder division of IndyMac Bank, F.S.B. The...more

12/11/2012 - Business Judgment Rule Choice-of-Law

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