Professional Corporations. Legal news and articles for December 29 - 31, 2013

'This Is Where Lawyers' Careers Go To Die'Govt notifies rules for new company law tribunalCorporate Affairs Minister Sachin Pilot over Companies Act & frauds & laws in ...Law making, fraud fighting make 2013 a watershed year for Corporate Affairs ...Corp Affairs Ministry has memorable 2013 with law making, fraud fightingMinister petitioned for National Company Law Tribunal bench in IndoreMinister petitioned for National Company Law Tribunal bench in IndoreAre Banking And Law Careers Falling Out Of Favor In The U.S.?10 Things I Learned From Working In Big LawObligation To Maintain Company Websites Under The New Turkish Commercial ...New California LLC Law Requires Members To Reconsider Their Operating ...Column: How the Law Can Transform a Corporation Into a PersonZachary Carter, ex-U.S. attorney, named NYC corporation counselWhen law took its own courseBridgewater law firm welcomes three new associates

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Can A Business Rescue Practitioner Issue Shares‎
Mondaq News Alerts (registration)December 2, 2013

In most instances a company in business rescue will require post commencement financing. A potential investor or post commencement financier may come along with an offer to invest in the company and in return, subscribing for all the authorised but ...more »

PM: Corporate manslaughter law 'unlikely'
New Zealand HeraldDecember 2, 2013

The introduction of a corporate manslaughter law to deal with work-related deaths in New Zealand is "unlikely", says Prime Minister John Key. He made the statement while being questioned about the state of the nation's forestry industry, after a ...more »

Professional Corporations. News and Stories

'This Is Where Lawyers' Careers Go To Die'
Business InsiderDecember 31, 2013

Contract lawyers get paid peanuts compared to corporate law associates who make about $160,000 a year. This is good for law firms and their corporate clients, which can save money by using cheaper outsourced labor for doc review. However, it's bad for ...more »

Govt notifies rules for new company law tribunal
LivemintDecember 31, 2013

The new companies law overhauled the original Act that was implemented in 1956. NCLT will replace the company law board, the board for industrial and financial reconstruction and the appellate authority for industrial and financial reconstruction. The ...more »

Corporate Affairs Minister Sachin Pilot over Companies Act & frauds & laws in ...
Daily BhaskarDecember 31, 2013

After fighting numerous frauds in 2013 and changing the way lakhs of corporate function and are regulated, the Ministry of Corporate Affairs is looking at the new year to ensure right execution of new companies law and initiatives aimed at safeguarding ...more »

Law making, fraud fighting make 2013 a watershed year for Corporate Affairs ...
Financial ExpressDecember 31, 2013

After fighting numerous frauds in 2013 and changing the way lakhs of corporates function and are regulated, the Corporate Affairs Ministry is looking at the new year to ensure right execution of new companies law and initiatives aimed at safeguarding ...more »

Corp Affairs Ministry has memorable 2013 with law making, fraud fighting
FirstpostDecember 31, 2013

Amid plethora of illicit money pooling schemes and shady corporate governance practices, protection of investor interests set the agenda for the Ministry which made strenuous efforts to separate wheat from the chaff. "We can certainly feel satisfied ...more »

Minister petitioned for National Company Law Tribunal bench in Indore
Times of IndiaDecember 31, 2013

However, under political pressure, now the ministry has decided to shift the location of NCLT bench from Indore to Gwalior (MP), he said, adding, the move is irrational and unjustified as Indore is undoubtedly commercial capital of MP and corporate ...more »

Minister petitioned for National Company Law Tribunal bench in Indore
Times of IndiaDecember 31, 2013

Chairman of ICAI Indore, Manoj P Gupta, said, "The central government is in the process of setting up the National Company Law Tribunal (NCLT) in India which will have all the powers of the existing Company Law Board as well as BIFR and most of the ...more »

Are Banking And Law Careers Falling Out Of Favor In The U.S.?
xoJaneDecember 30, 2013

A growing number of people are eschewing traditional legal or financial career routes for a chance to launch their own businesses or join startups. They are enticed by the opportunity to do what they consider to be more innovative and more meaningful ...more »

10 Things I Learned From Working In Big Law
Business InsiderDecember 30, 2013

For example, with my current venture, a supposed labor of love, I am still forced to make cold calls every so often in order to drum up business. And sometimes I have to drive around to different locations to hang up flyers. Even though I don't ...more »

Obligation To Maintain Company Websites Under The New Turkish Commercial ...
Mondaq News Alerts (registration)December 30, 2013

The (New) Turkish Commercial Code No. 6102 dated July 1, 2012 ('the Law') implemented a number of provisions and brought additional obligations for capital companies. One of such obligations set forth by the Law is the obligation to have a dedicated ...more »

New California LLC Law Requires Members To Reconsider Their Operating ...
Mondaq News Alerts (registration)December 30, 2013

On January 1, 2014, California limited liability company (LLC) law changes in several respects. Unlike other new laws regulating business entities, the new LLC law does not give existing LLCs a choice as to whether to be governed by the old law or the ...more »

Column: How the Law Can Transform a Corporation Into a Person
Valley NewsDecember 30, 2013

There has been much mockery of the idea that “corporations are people, my friend,” as Mitt Romney put it. But if you think it matters whether the law calls a chimpanzee, corporation or even human zygote a “person,” you are making a fundamental error ...more »

Zachary Carter, ex-U.S. attorney, named NYC corporation counsel
NewsdayDecember 29, 2013

Mayor-elect Bill de Blasio Sundayintroduced former U.S. attorney Zachary Carter as the next top lawyer for New York City and rolled out an ambitious legal agenda for the corporation counsel to tackle. "Many believe that if there's one role in ...more »

When law took its own course
Business StandardDecember 29, 2013

When law took its own course. Year 2013 has been a watershed year for India Inc with new norms in place, especially a new company law after 60 years. An expert panel assesses the impact of various laws and regulations. Business Standard | New Delhi.more »

Bridgewater law firm welcomes three new associates
Independent Press - NJ.comDecember 29, 2013

Greenwood joins the firm's Business Law Group, Dimakos joins the Litigation Group, and Thakkar joins the Matrimonial & Family Law Group. ... She negotiates agreements in the context of banking, securities, and shareholder and commercial transactions ...more »

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