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General Business Nonprofits

Read need-to-know updates, commentary, and analysis on General Business issues written by leading professionals.
Cadwalader, Wickersham & Taft LLP

When Funding Pauses: A Drawstop Playbook, April 2026 - Turning Off the Taps: Drawstops in Fund Finance

1. Overview - The term “drawstop” colloquially refers to a provision in a credit facility agreement that entitles lenders to stop advancing loans under a facility upon the occurrence of certain specified events. For most...more

International Lawyers Network

The 99 Year Dilution Dilemma: What’s the Harm if No Confusion?

The Theory of Dilution Crosses the Pond - The origin story for the cause of action of “dilution” in the United States begins with Frank Schechter’s 1927 Harvard Law Review article, Rational Basis of Trademark Protection....more

Alston & Bird

SEC Announces 2026 Inflation Adjustment to Qualified Client Thresholds

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The Securities and Exchange Commission has proposed increasing the “qualified client” thresholds under Rule 205-3, raising the assets-under-management (AUM) and net worth tests. Our Investment Funds Group outlines the likely...more

Lathrop GPM

Fourth Circuit Affirms Federal District Court’s Conclusion that Distributor’s Territory Includes Automated Fulfillment Center

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In a distribution territory dispute, the Fourth Circuit Court of Appeals held that a Maryland Federal District Court properly considered parol evidence and reasonably found that the distributor’s territory encompassed an...more

BCLP

First Application by the French Competition Authority of the New Penalty Regime for Professional Associations

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In a decision dated 17 March 2026 (published on 1 April 2026), the French Competition Authority (the "Authority") imposed a fine of €3.4 million on the Syndicat National des Moniteurs du Ski Français (the "SNMSF"), for having...more

UB Greensfelder LLP

Do You Need a Lawyer to Send a Cease and Desist Letter?

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When a business believes its rights are being violated, determining how to respond is often the first challenge. Disputes frequently arise after an employee leaves a company, when a former partner begins competing, or when a...more

Seyfarth Shaw LLP

The Week in Weed: April 2026 #2

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Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we begin in Idaho, where the legislature is not on board with a medical marijuana ballot initiative. Then...more

Troutman Pepper Locke

Delaware Supreme Court Holds That Post-Demand Evidence May Support a Credible Basis Finding in Section 220 Actions

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In Paramount Global v. State of Rhode Island Office of the General Treasurer, the Delaware Supreme Court resolved an open question under Delaware law: Can stockholders rely on post-demand evidence to prove that they have a...more

Jones Day

Dutch Bill Aims to Significantly Modernize and Strengthen Sanctions Enforcement in the Netherlands

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The proposed International Sanctions Measures Act intends to modernize the Dutch sanctions framework by significantly expanding enforcement and intervention options for sanctions violations, shifting part of enforcement to...more

Herbert Smith Freehills Kramer

No Guarantee: Caution From Second Circuit For Lenders Relying On Unsecured Guarantees

A U.S. appellate court recently issued a cautionary decision for lenders depending on unsecured guarantees by parent companies and affiliates of their borrowers. In Leadenhall Capital Partners LLP v. Advantage Capital...more

Perkins Coie

Court Rejects Arbitration Clause That Relies on ‘Sign-In Wrap’

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Courts may refuse to enforce online arbitration clauses when checkout-page design buries notice of mandatory arbitration through cluttered layouts, low-contrast links, and visually dominant purchase buttons....more

Lathrop GPM

Formosa Petrochemical’s Force Majeure – Supply Chain Disruptions & Potential Insurance Implications

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The recent force majeure notice issued by Formosa Petrochemical Corporation – due to the closure of the Strait of Hormuz and its global impact – is disrupting the availability of key petrochemical inputs across multiple...more

Husch Blackwell LLP

DEXIT: Is Delaware Losing Its Corporate Crown—and Is Texas or Nevada Next in Line?

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For decades, the answer to “where should we incorporate?” was almost reflexive: Delaware. The state’s Court of Chancery, expert corporate bench and bar, and business-friendly tax benefits made it the undisputed capital of...more

White & Case LLP

Regulatory termination fee insurance: An emerging transactional insurance product that may impact M&A deal dynamics

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Regulatory clearance is one of the most consequential variables in many M&A transactions. The increasing complexity of many regulatory regimes and M&A transactions, the evolving (and often more aggressive) positions of...more

Troutman Pepper Locke

SEC FY 2025 Enforcement Results Reveal Changing Priorities From Record Numbers to Investor Protection

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The Securities and Exchange Commission’s (SEC) April 7, 2026, press release on its fiscal year (FY) 2025 enforcement results is less about numbers and more about a philosophical reset. Under Chairman Paul Atkins and...more

Blake, Cassels & Graydon LLP

Annonce de la date du lancement du marché réglementé des jeux en ligne en Alberta

Le gouvernement de l’Alberta a franchi une nouvelle étape importante dans l’établissement de son marché réglementé des jeux en ligne en annonçant une date de lancement officielle....more

Bradley Arant Boult Cummings LLP

Lights, Camera… Liability: A Practical Playbook for Employers from the Blake Lively v. Justin Baldoni Opinion

When workplace disputes move from behind the scenes to the front page, the script doesn’t change as much as one might expect. Last week, the Southern District of New York issued an opinion in Blake Lively v. Justin Baldoni...more

Sullivan & Worcester

Sullivan Advises Heath Goldfields In Offtake Agreement and Debt Financing with Trafigura for Bogoso Prestea Mine

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Sullivan & Worcester (Sullivan) has advised Heath Goldfields, the Ghanaian mining company revitalising the historic Bogoso–Prestea Gold Mine in Ghana, in signing a landmark gold offtake agreement with Trafigura Pte Ltd, a...more

Skadden, Arps, Slate, Meagher & Flom LLP

Third Circuit Affirms Kalshi’s Preliminary Injunction

On April 4, 2026, the U.S. Court of Appeals for the Third Circuit issued an opinion affirming the District of New Jersey’s order granting Kalshi’s motion for a preliminary injunction against the New Jersey Division of Gaming....more

Ropes & Gray LLP

Secondaries on the Rise: Q1 2026 Trends in Institutional Sell-Side Activity and Evolving Deal Terms

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Following on our recent observations about what institutional investors should know about the Middle East conflict for institutional investors, and the open question of whether declines in public markets would trigger...more

Offit Kurman

How to Use Contractors and Gig Workers Safely: Navigating DOL Classification Standards in a Changing Enforcement Climate

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The use of independent contractors and gig workers remains an attractive and, in many industries, essential component of modern workforce strategy. Flexibility, cost control, and scalability continue to drive businesses...more

Fried Frank

Q1 2026 - European Regulatory Update for Funds

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The first quarter of 2026 saw a steady flow of UK and EU regulatory initiatives and updates, which are relevant to European private fund managers as well as non-European managers marketing or operating in Europe....more

Baker Botts L.L.P.

2026 Houston Board of Directors Forum: Key Takeaways

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The Baker Botts Houston Board of Directors Forum, in partnership with the National Association of Corporate Directors, brought together subject matter experts on significant and trending topics at the Post Oak Hotel on April...more

IR Global

What’s the Process for Resolving a Business Dispute in the Turks and Caicos Islands?

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Commercial disputes are an inevitable part of doing business, whether they arise from contractual disagreements, shareholder conflicts, financing arrangements or development projects. In the Turks and Caicos Islands (TCI),...more

Skadden, Arps, Slate, Meagher & Flom LLP

Tokenized Securities: Untangling Legal and Regulatory Knots

On March 19, 2026, Skadden hosted “Tokenized Securities: Untangling Legal and Regulatory Knots,” a webinar featuring partners Michelle Gasaway, Kevin Hardy and Daniel Michael, as well as counsel Aaron Washington, who...more

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