The Delaware General Corporation Law (§ 102(b)(7)) has been amended, effective August 1, 2022, to permit exculpation of corporate officers, but in a more limited way than the exculpation of directors that has long been...more
Readers will recall that in our previous articles concerning the latest developments in money transmittal laws, we noted state regulators’ increasing tendency to enforce their state money transmittal laws on out-of-state...more
Following her party’s major victory in national elections, Indian Finance Minister Nirmala Sitharaman presented the draft budget of Indian Prime Minister Narendra Modi’s government to the Indian Parliament. The draft budget...more
On September 20, 2018 the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued “OFAC Advisory to the Maritime Petroleum Shipping Community” to alert the shipping industry participants, including...more
As we noted last week in our QuickStudy 2018 Statewide Elections: A Mixed Bag for Insurers?, elections for Governor of Florida and Georgia and Georgia Insurance Commissioner were too close to call. The outcomes of these races...more
All eyes have been focused on the federal mid-term elections and the impact on the U.S. House and Senate. Post-mortems by the pundits have begun. See Locke Lord’s take on the mid-terms. The divided government in Washington,...more
Last month we alerted our clients to newly proposed anti-terrorism and anti-money laundering regulations in New York that sought to impose increased compliance requirements and vastly expanded personal liability (including...more
Since the end of November 2013, the so-called P5 + 1 (the United States and its partners, China, France, the United Kingdom, Germany and Russia) have been negotiating with Iran regarding its nuclear program. The negotiations...more