Legal updates for: trusts

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Assessment of damages under a cross-undertaking

by Allen & Overy LLP on

... enforcement of a cross-undertaking in damages, provided by a claimant in order to obtain a freezing injunction against a defendant, can mean a substantial liability for a claimant. This ruling illustrates that damages under a cross-undertaking are assessed on a broadly contractual basis but with added flexibility. The court will apply a liberal... more

If Pain, Yes Gain—Part XXV: Midwest Still Sick with Sick Leave Laws

by Seyfarth Shaw LLP on

... Synopsis: Minneapolis, MN made four key amendments to its Sick and Safe Time Ordinance and Cook County, IL passed the Earned Sick Leave Ordinance - Minneapolis Sick and Safe Time Ordinance Updated - Nearly four months after enacting the midwest’s first paid sick leave law, Minneapolis has published an amended Sick and Safe Time... more

Millennials and the Future of Business Development

by LawVision Group LLC on

... I reflect on a recent discussion among senior partners about which prospect or client to take golfing, I find myself thinking about how perhaps my generation might depart from this traditional method of business development and client relationship development. Nothing against golf, but we know from the statistics that golf among the younger... more

Diversity and Mediation

by JAMS on

...Imagine two parties locked in a bitter and acrimonious dispute that has gone through six years of hotly contested litigation. At issue are the ownership and control of at least a dozen commercial and residential properties valued in the tens of millions of dollars.... more

Changes to the PSC regime

by Dentons on

...). There is also a proposal that member states must set up central registers with the beneficial ownership information about trusts and other types of legal arrangements having a structure or function similar to trusts. These amendment proposals remain sub... more

SEC Approves FINRA Rules Addressing “Pay-to-Play” Practices

by Ropes & Gray LLP on

... Securities and Exchange Commission (the “SEC”) recently approved the Financial Industry Regulatory Authority, Inc. (“FINRA”) proposal to adopt FINRA Rules 2030 and 4580, which set forth pay-to-play restrictions, and associated recordkeeping requirements, for broker-dealers engaged in distribution or solicitation activities... more

A Trustee's Duty To Disclose In Texas

by Winstead PC on

... F. Johnson, lead writer for the Texas Fiduciary Litigator blog, presented his speech on a “Trustees’ Duty To Disclose In Texas” to the Tarrant County Bar Association’s Business and Estate Section’s membership lunch in Fort Worth, Texas, on October 20, 2016. This presentation covered the legal issues involved in a... more

Orrick's Financial Industry Week In Review

by Orrick, Herrington & Sutcliffe LLP on

... Industry Developments - CTFC Approves Proposed Rules Addressing Application of Certain CEA Regulations to Cross-Border Transactions - On October 11, 2016, the U.S. Commodity Futures Trading Commission ("CFTC") unanimously approved proposed rules relating to the application of certain swap provisions of the Commodity Exchange... more

For Food & Beverage Entrepreneurs, Financing Deals Often Come In More Flavors Than Just Vanilla: Insights from Nutter’s Will Bernat

by Nutter McClennen & Fish LLP on

... Bernat, a partner in Nutter’s Business Department and a member of the firm’s Emerging Companies and Commercial Finance practice groups, weighed in on financing deals for food and beverage companies in Nutter Insights. Will analyzed how early stage financing deals are different in the food and beverage space, why these differences... more

Telework Under The ADA & Other Nondiscrimination Laws

by Littler on

... workforce that adheres to a traditional work style, or a consistent eight-hour workday in the same location – with no offsite work or interaction with business colleagues or customers – is increasingly becoming a relic in many settings. Whether at a coffee house, commuter train, airport lounge, or soccer field, transactions,... more