Professional Corporations. Legal news and articles for September 24 - 30, 2015

Court: Nothing wrong with Michigan law to stop corporate tax refundsNorth Dakota Stockmen's Association silent on anti-corporate farming lawCourt: Nothing Wrong With Law To Stop Corporate Tax RefundsCourt: Nothing wrong with law to stop corporate tax refundsCourt: Nothing wrong with law to stop corporate tax refundsWake Up Call: Allen & Overy Exits TorontoCiti Analyst: There is a 'Fundamental Shift' in the Litigation MarketU.K. Abandons Move to Broaden Its Criminal Laws: Business of LawDOJ Clarifies Position on Individual Accountability in Corporate InvestigationsCompanies Can Breathe Easy as U.K. Criminal-Law Change AbandonedWake Up Call: Skadden Leads in Deal RankingsAs Florida's sexual cyberharassment law becomes effective, thinking about ...Why private companies stand at ease: Companies ActPillsbury Chadbourne Talks Highlight Industry PressuresRe-Entry Program for Women Lawyers Expands

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Draft law on UAE corporate tax being prepared, says gov't official
ArabianBusiness.comSeptember 9, 2015

Younis Haji Al Khoori, the undersecretary of Ministry of Finance, told Khaleej Times that a draft law on corporate tax is under discussion with local governments and the Ministry of Justice. Al Khoori added that there are also talks with GCC member ...more »

Professional Corporations. News and Stories

Court: Nothing wrong with Michigan law to stop corporate tax refunds
Crain's Detroit BusinessSeptember 30, 2015

LANSING — A retroactive law that prevents more than $1 billion in tax refunds for out-of-state companies is not illegal, the Michigan appeals court said Wednesday. In December, Gov. Rick Snyder signed a law in response to a $6 million Michigan Supreme ...more »

North Dakota Stockmen's Association silent on anti-corporate farming law
Dickinson PressSeptember 30, 2015

Steven J. Troyer, of Fargo, a partner in the Eide Bailly accounting firm (left) and William L. Guy III, a Fargo attorney, discuss the current North Dakota anti-corporate law as well as an exemption for swine and dairy, passed in the 2015 Legislature ...more »

Court: Nothing Wrong With Law To Stop Corporate Tax Refunds
CBS LocalSeptember 30, 2015

LANSING (AP) – In a victory for the state's checkbook, the Michigan appeals court says there's nothing illegal about a retroactive law that prevents more than $1 billion in tax refunds for out-of-state companies. Gov. Rick Snyder last year signed a law...more »

Court: Nothing wrong with law to stop corporate tax refunds
The OlympianSeptember 30, 2015

In a victory for the state's checkbook, the Michigan appeals court says there's nothing illegal about a retroactive law that prevents more than $1 billion in tax refunds for out-of-state companies. Gov. Rick Snyder last year signed a law in response to ...more »

Court: Nothing wrong with law to stop corporate tax refunds
Washington TimesSeptember 30, 2015

LANSING, Mich. (AP) - A retroactive law that prevents more than $1 billion in tax refunds for out-of-state companies is not illegal, the Michigan appeals court said Wednesday. In December, Gov. Rick Snyder signed a law in response to a $6 million state ...more »

Wake Up Call: Allen & Overy Exits Toronto
Bloomberg Big Law BusinessSeptember 30, 2015

The litigation market is undergoing a “fundamental shift,” as corporate law departments parcel out lower-end work, such as document review in discovery and minor lawsuits, to low-cost service providers in the U.S. or abroad, or to an internal ...more »

Citi Analyst: There is a 'Fundamental Shift' in the Litigation Market
Bloomberg Big Law BusinessSeptember 29, 2015

Looking deeper at why there's less billable hours at law firms, she said her clients attribute the decline to a shift in attitude at major corporations, who have less appetite to litigate and are more willing to try alternative dispute resolution and ...more »

U.K. Abandons Move to Broaden Its Criminal Laws: Business of Law
BloombergSeptember 29, 2015

The U.K. abandoned a much campaigned-for change to legislation that would have made it easier to prosecute corrupt companies in the latest nod to a new era of deregulation for business under the re-elected Conservatives. In a written answer to a ...more »

DOJ Clarifies Position on Individual Accountability in Corporate Investigations
The National Law ReviewSeptember 28, 2015

Last week, the U.S. Department of Justice's Assistant Attorney General in charge of the Criminal Division, Leslie R. Caldwell, spoke at the Global Investigations Review Conference in New York. Discussing the implication of the Yates Memo, AAG Caldwell ...more »

Companies Can Breathe Easy as U.K. Criminal-Law Change Abandoned
BloombergSeptember 28, 2015

The U.K. abandoned a much campaigned-for change to legislation that would have made it easier to prosecute corrupt companies in the latest nod to a new era of deregulation for business under the re-elected Conservatives. In a written answer to a ...more »

Wake Up Call: Skadden Leads in Deal Rankings
Bloomberg Big Law BusinessSeptember 28, 2015

New York-based Hughes Hubbard & Reed saw its tobacco-related product liability work decline after its former client Lorillard was acquired last year by Reynolds American and Reynolds subsequently moved much of the Lorillard litigation work to Jones Day ...more »

As Florida's sexual cyberharassment law becomes effective, thinking about ...
Miami HeraldSeptember 27, 2015

On Oct. 1, “sexual cyberharassment” will become illegal in the Sunshine State. In May, Florida became the 16th state to enact a law aimed at criminalizing the nonconsensual posting of intimate media. Critics of Florida's law point to the statute's ...more »

Why private companies stand at ease: Companies Act
YourStory.comSeptember 27, 2015

In this final article, I deal with the remaining exemptions to private companies under the Companies Act, 2013 (“New Act”) not covered in my earlier two articles. Some restrictions that could have led to better 'governance' have been lifted thereby ...more »

Pillsbury Chadbourne Talks Highlight Industry Pressures
Bloomberg Big Law BusinessSeptember 25, 2015

On its face, the potential Pillsbury Chadbourne merger illustrates yet another example of what we have already seen play out in the market of corporate legal services: increasing globalization; continuing disaggregation of demand, where business is ...more »

Re-Entry Program for Women Lawyers Expands
Bloomberg Big Law BusinessSeptember 24, 2015

The OnRamp Fellowship, which connects women lawyers who have taken a hiatus for at least two years with jobs at law firms and companies, is expanding. The network of law firms that participate in its fellowship program expanded by six to include ...more »

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