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This Week In Securities Litigation

The Sixth Circuit last week concluded that Morrison, which held that Section 10(b) does not have extraterritorial reach, is inapplicable to Advisers Act Section 10(b). The DC Circuit, on rehearing, reaffirmed its prior...more

California Enacts Change-in-Control Benefits For Grocery Workers

Last week, Governor Jerry Brown signed AB 359 (Gonzalez) that will impose a worker retention requirement when there has been a change in ownership or control of grocery establishments.  In general, the bill will require the...more

Why The WSJ Is Wrong About SEC Rulemaking On Claw backs

As noted by Broc Romanek, The Wall Street Journal yesterday announced: The Securities and Exchange Commission will soon propose long-awaited rules forcing companies to claw back, or revoke, some of their top...more

Ticket to Sue – Pennsylvania’s Registration Requirement for Foreign Business Entities

Consider the following scenario: You represent a foreign corporation in a breach of contract action in Pennsylvania state court. Your client is seeking substantial damages for unpaid widgets that it shipped to the defendant...more

SEC Adopts Final Rules Expanding Regulation A, Providing a New Option for Offerings Under $50 Million

On March 25, 2015, the SEC formally adopted its final rule amendments governing the expansion of registration exemptions for public offerings of $50 million or less in any 12-month period under Regulation A of the Securities...more

Internal Affairs Doctrine May Not Control Alter Ego Liability

The internal affairs doctrine “is a conflict of laws principle which recognizes that only one State should have the authority to regulate a corporation’s internal affairs — matters peculiar to the relationships among or...more

Delaware Supreme Court Endorses "Fee-Shifting" Bylaw in Certified Question of Law

On May 8, 2014, the Delaware Supreme Court provided an en banc answer to a certified question of law from the U.S. District Court for the District of Delaware captioned ATP Tour, Inc. v. Deutscher Tennis Bund, concluding that...more

Does the Business Judgment Rule Really Exist in Georgia?

On April 21, 2014, the Georgia Supreme Court heard oral arguments in the case of FDIC v. Loudermilk to determine whether the Business Judgment Rule really exists in Georgia. Claiming contrary decisions on the Business...more

Equityholder's Strategy for Shifting Tax Burdens to Creditors Upheld by Third Circuit

In re Majestic Star Casino, LLC, F.3d 736 (3rd Cir. 2013), the U.S. Court of Appeals for the Third Circuit broke from other courts by holding that S corporation status (or "qualified subchapter S subsidiary" or "QSub" status)...more

Buyer Beware of Successor Liability For FLSA Claims

Businesses often acquire other businesses through an asset purchase, rather than a stock purchase, so that the buyer does not inherit the liabilities of the seller. Not all business owners realize that federal labor law...more

Asset Acquisition Comes With Unexpected FLSA Pain

Some bargains are not as they seem. An asset-acquiring Company discovered this the hard way in Teed v. Thomas & Betts Power Solutions. In the case, at an auction, Thomas & Betts purchased the assets of a company in...more

Ansiedlung - Ansiedlung von Handelsmärkten in Belgien nach dem Gesetz vom 13 August 2004

1. Rechtsgrundlage ist das Gesetz vom 13.August 2004, das die Ansiedlung von Handelsmärkten regelt (“Loi relative à l’autorisation d’ implantations commerciales / Wet betreffende de vergunning van handelsvestigingen”)....more

Gesellschaftsrecht - Corporate Governance in Belgien - Eine Einführung

Nach jahrelanger Vorbereitung hat der belgische Gesetzgeber das sogenannte Corporate-Governance-Prinzip am 02.08.2002 im belgischen Gesellschaftsrechtsgesetzbuch verankert. Mit der Vorarbeit für dieses Gesetz wurde...more

Gesellschaftsrecht - Europäische Aktiengesellschaften

Die Europäische Aktiengesellschaft (Societas Europaeis-SE) ist eine Voraussetzung für die Verwirklichung des Binnenmarkts und für die damit angestrebte Verbesserung der wirtschaftlichen und sozialen Lage in der gesamten...more

Important changes to Curaçao law

This Legal Update discusses important changes to Curaçao corporate law that became effective on January 1, 2012 and should be taken into consideration when dealing with corporations existing under Curaçao law....more

Doing Business in Poland: 2012 Update by Attorney Jaroslaw Kruk

This is a précis and update of Business Vehicles available for establishing a business in Poland, written by renowned Warsaw attorney, and my colleague, Jaroslaw Kruk....more

Arbeitsrecht - Neue Regelungen im Hinblick auf die Kündigung von Arbeitsverhältnissen ab dem 01.01.2012.pdf

Ab dem 1.1.2012 treten neue Kündigungsfristen in Kraft, die eine Angleichung der Regelungen in Bezug auf die Kündigungsfristen für Angestellte und Arbeiter beabsichtigen. Im Gegensatz zu den bisherigen Regelungen gelten ab...more

"Dispute Resolution - A SWOT Analysis on the Different Models and

Courts are dispute resolution venues of last resort. When a matter goes to court, disputants have relinquished their ability to resolve their differences by negotiation. The initiation of legal proceedings in a court of...more

Distributorship and Agency

DISTRIBUTORSHIP OR AGENCY? There are different ways to expand your business into a new market or territory. Two common methods are distributorship and agency. It is important to be aware of the key differences between...more

Company publicity

Company Stationery and Publicity 1. Registered name The name of [company name] Limited (“The Registered Name”), in legible lettering must be shown on all business letters, order forms, notices and other official...more

How to set up busienss in the UK

This guide is intended to provide broad advice on the main legal requirements that will need to be complied with or considered on setting up a business in England and Wales. Essentially, the main issues addressed are those...more

The Private Limited Company

The most common form of company in the UK is the private limited company; often abbreviated to “Limited” or “Ltd”. This guide is intended to provide broad guidance on the main legal requirements that...more

Gesellschaftsrecht Verschmelzung - Umsetzung der Verschmelzungsrichtlinie in Belgien.pdf

Am 26 Juni 2008 wurde die gesellschaftsrechtliche Komponente der Richtlinie 2005/56/EG des Europäischen Parlaments und des Rates vom 26. Oktober 2005 über die Verschmelzung von Kapitalgesellschaften aus verschiedenen...more

“One-in, one-out” System Aims to Reduce Red Tape

The Government has announced details of its new “one-in, one-out” approach to regulation as part of a ‘comprehensive package of measures’ designed to cut red tape and bureaucracy. As of 1 September 2010, Ministers will not...more

United States v. UBS AG,

Amended Protocol Between the U.S. and Switzerland (Amending August 2009 Agreement)

Switzerland and the US Wednesday 31 March both signed an “amending protocol” to their 19 August 2009 agreement whereby the Swiss promised to issue final decisions on some 4,450 UBS bank clients whose account information was...more

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