Professional Corporations. Legal news and articles for February 24 - 28, 2015

Modi gov't pushes for opening of Indian corporate law to foreign firms, in ...Battle Over Interviewing Corporate Employees ContinuesDelaware corporate law journal, institute, partner on new blogTax experts welcome second thoughts on GST law covering bodies corporateInsurers Targeted in Proposed NY Corporate Whistleblower Protection LawWidener Law - New Delaware Journal of Corporate Law Venture Examines ...Widener Law - New Delaware Journal of Corporate Law Venture Examines ...Companies Act 2014 Conversion Guide For Private CompaniesSupreme Court Throws Prosecutors Overboard in Fisherman CaseSupreme Court Faults Use of Sarbanes-Oxley Law in Fisherman CaseSupreme Court says Florida fisherman was wrongly convicted under corporate...LETTER: N.D.'s corporate farming law needs reformConservative group sues to overturn Massachusetts law preventing corporations...Conservative group sues to overturn Massachusetts law preventing corporations ...Cadwalader Advises Salix Along Winding Road: Business of Law

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Rival business courts target Delaware
The News JournalFebruary 1, 2015

Under Nevada law, a director may only be held liable if their behavior was so egregious that it involved both a breach of the duty of loyalty and intentional, fraud or acting improperly for personal benefit. In Delaware any one of those claims, if ...more »

USC law school hosts symposium on corporate responsibility
Hilton Head Island PacketFebruary 6, 2015

COLOMBIA, S.C. — The school of law at the University of South Carolina is hosting a symposium on the issue of corporate social responsibility in developing countries. The meetings run on Friday beginning at 9 a.m. in the school's Strom Thurmond Law ...more »

Professional Corporations. News and Stories

Modi gov't pushes for opening of Indian corporate law to foreign firms, in ...
Legally IndiaFebruary 28, 2015

The Narendra Modi-led government has initiated talks with the Bar Council of India (BCI) to open up the Indian legal market to foreign law firms, reported the PTI, because it would assist in the government's policy to increase the “ease of doing ...more »

Battle Over Interviewing Corporate Employees Continues
New York Law Journal (registration)February 28, 2015

This article considers the recent New York County Lawyers' Association (NYCLA) Formal Opinion 747 (2014), which discusses whether and when it may be appropriate for a corporation's attorney to offer representation to current or former corporate ...more »

Delaware corporate law journal, institute, partner on new blog
The News Journal (blog)February 27, 2015

The Delaware Journal of Corporate Law and Institute of Delaware Corporate and Business Law are collaborating to launch a blog focused business law topics. Tara Pakrouh, the DJCL's current managing editor and Olufunke Fagbami, the John F. Schmutz ...more »

Tax experts welcome second thoughts on GST law covering bodies corporate
New Zealand HeraldFebruary 27, 2015

Tax practitioners have welcomed legislation introduced this week to clarify the law on bodies corporate and GST. In a reversal of the Government's position last year, registration for GST is to be optional, not forbidden. It means that where a body ...more »

Insurers Targeted in Proposed NY Corporate Whistleblower Protection Law
Insurance JournalFebruary 26, 2015

SEC officials are looking into the issue because some agreements apparently contain measures including bans that prevent employees from telling the government about illegal behavior at their company or other possible securities-law violations ...more »

Widener Law - New Delaware Journal of Corporate Law Venture Examines ...
Widener Law NewsFebruary 26, 2015

This effort is being coordinated by the Journal's Volume 40 External Managing Editor Tara Pakrouh and the John F. Schmutz Corporate and Business Law Institute Fellow Olufunke Fagbami, who is also the Journal's Volume 40 Copy Editor. “I'm excited about ...more »

Widener Law - New Delaware Journal of Corporate Law Venture Examines ...
Widener Law NewsFebruary 26, 2015

This effort is being coordinated by the Journal's Volume 40 External Managing Editor Tara Pakrouh and the John F. Schmutz Corporate and Business Law Institute Fellow Olufunke Fagbami, who is also the Journal's Volume 40 Copy Editor. “I'm excited about ...more »

Companies Act 2014 Conversion Guide For Private Companies
Mondaq News Alerts (registration)February 26, 2015

The Companies Act 2014 is expected to come into force on 1 June 2015. The Act will apply to all Irish companies although the level of action required from the company will vary, depending on which type of company is concerned (public, private, limited, ...more »

Supreme Court Throws Prosecutors Overboard in Fisherman Case
Wall Street Journal (blog)February 25, 2015

Fish aren't “tangible objects,” the U.S. Supreme Court has concluded. In a ruling handed down Wednesday, a divided high court said federal prosecutors were wrong to apply the Sarbanes-Oxley corporate governance law to a commercial-fisherman accused ...more »

Supreme Court Faults Use of Sarbanes-Oxley Law in Fisherman Case
Wall Street JournalFebruary 25, 2015

WASHINGTON—A divided U.S. Supreme Court on Wednesday ruled prosecutors were wrong to rely on the Sarbanes-Oxley corporate governance law to prosecute a commercial fisherman, in a decision that could limit use of the law in cases that aren't about ...more »

Supreme Court says Florida fisherman was wrongly convicted under corporate...
Minneapolis Star TribuneFebruary 25, 2015

WASHINGTON — A Florida fisherman convicted of tossing undersized grouper off his boat is off the hook after a divided Supreme Court ruled Wednesday that he should not have been ensnared by a law targeting accounting fraud. In a 5-4 decision the ...more »

LETTER: N.D.'s corporate farming law needs reform
Grand Forks HeraldFebruary 25, 2015

Many of our neighboring states have passed laws that make it easier for dairy and swine operations to succeed. North Dakota needs to make some changes to our outdated corporate farming law to catch up. States such as South Dakota and Wisconsin have ...more »

Conservative group sues to overturn Massachusetts law preventing corporations...
Boston Business JournalFebruary 24, 2015

A conservative-leaning political organization filed suit in Suffolk Superior Court today seeking to overturn the state law prohibiting corporations from making gifts to state political campaigns. The Arizona-based Goldwater Institute brought the ...more »

Conservative group sues to overturn Massachusetts law preventing corporations ...
Boston Business JournalFebruary 24, 2015

A conservative-leaning political organization filed suit in Suffolk Superior Court today seeking to overturn the state law prohibiting corporations from making gifts to state political campaigns. The Arizona-based Goldwater Institute brought the ...more »

Cadwalader Advises Salix Along Winding Road: Business of Law
BloombergFebruary 24, 2015

(Bloomberg) -- The path to yesterday's announcement of the $10.1 billion acquisition of Salix Pharmaceuticals Ltd. by Valeant Pharmaceuticals International Inc. was relatively short but replete with so many of the twists and turns emblematic of deals.more »

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