Allen Matkins Leck Gamble Mallory & Natsis LLP

Court Holds Indemnity Provision Provides No Right To Attorney Fees

Contractual indemnity provisions often broadly provide for the payment of the indemnified party’s attorney fees. In Alki v. Superior Court, 2016 Cal. App. LEXIS 892 (Cal. Ct. App. 2016), for example, a fund administration…more
| Commercial Law & Contracts

Renewable Energy Update - October 2016 #3

Renewable Energy Focus - Ports plan for future zero-emission goal with cleaner, safer energy - Long Beach Press-Telegram - Oct 18 - After years of pressure from environmental groups and the community to…more
| Energy & Utilities, Environmental Law

Does Placing Non-GAAP Financial Measures First Violate The Law?

Yesterday’s post discussed the SEC staff’s recently announced position that Item 10(e)(1)(A) of Regulation S-K requires that issuers disclose comparable GAAP financial measures before non-GAAP financial measures. Item…more

Immediate Action Required: California Commercial Landlords Must Provide Accessibility Disclosures During Lease Negotiations

Assembly Bill No. 2093 is in effect.* It amended Civil Code Section 1938 to require landlords to provide prospective tenants with any report and/or disability access inspection certificate issued by a Certified Access Specialist…more
| Commercial Law & Contracts, Real Estate - Commercial

California Environmental Law & Policy Update - October 2016 #3

Environmental and Policy Focus - Federal report recommends gas-storage safety changes - OC Register - Oct 18 - A task force commissioned by the federal Pipeline and Hazardous Materials Safety Administration…more
| Energy & Utilities, Environmental Law, Zoning, Planning & Land Use

When The SEC Become A Real Estate Regulator

For at least a century, it has been said that only three things matter in real estate: location, location, location. Recently, the Securities and Exchange Commission took this old saw to heart in the context of disclosure of…more
| Business Organizations, Securities Law

Nevada Seizes Delaware’s Business Entity Formation Crown

Delaware has long dominated the market for incorporations. Thus, I was surprised to see University of Nevada Law Professor Eric H. Franklin write that Nevada enjoys a 4 to 1 advantage over Delaware in corporate formations. If…more
| Business Organizations

How Certain Can You Be Of A General Partner’s Authority?

In this post, Professor Douglas K. Moll attacks the question of whether a partner has “actual authority, simply as a matter of his ‘partner’ status, to bind the partnership to an ordinary business transaction”..…more
| Business Organizations

Renewable Energy Update - October 2016 #2

Renewable Energy Focus - Reaction mixed on proposed California solar-wind resource adequacy scheme - Renewable Energy World - Oct 12 - The power and energy regulatory environment is in a high state of flux…more
| Energy & Utilities, Environmental Law

Sustainable Development Update - October 2016 #3

Sustainable Development Focus - San Francisco’s Treasure Island project wins top green rating - Commercial Property Executive - Oct 14 - The U.S. Green Building Council (USGBC) has awarded LEED-ND Platinum…more
| Energy & Utilities, Environmental Law, Real Estate - Commercial, Real Estate - Residential

The High Price Of Trying To Enforce The Unenforceable

Readers of this blog will know that California marches to its own drummer when it comes to the enforceability of covenants not to compete. California Business & Professions Code Section 16600 declares these covenants void unless…more
| Antitrust & Trade Regulation, Civil Remedies, Commercial Law & Contracts

Why State Registration Of Security-Based Swaps Is Non-Existent

The regulation of “swaps” lies at the intersection of the commodities and securities regulation. In the parlance of commodity regulation, a “swap” is a contract or transaction that provides for a payment dependent on an event…more
| Business Organizations, Securities Law

California Environmental Law & Policy Update - October 2016 #2

Environmental and Policy Focus - SoCal air board proposes stricter regulations for smog-reduction plan - Los Angeles Times - Oct 7 - The South Coast Air Quality Management District (SCAQMD) released a…more
| Energy & Utilities, Environmental Law, Zoning, Planning & Land Use

The Principal Executive Office – It’s Not Just About Venue

Last week, I wrote about the venue implications of the location (or lack of) a corporation’s principal executive office. The location of a corporation’s PEO isn’t just about venue, however. Numerous provisions of the…more
| Business Organizations

Why The Location Of The Principal Executive Office Matters

The California General Corporation Law does not require that a California corporation have a principal executive office located in California. In fact, Section 177 explicitly contemplates that a corporation’s PEO may be located…more
| Business Organizations, Civil Procedure
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