Corporate & Commercial

Innovation Becomes the Norm: Commercial Division Rules Shape Revised Uniform Rules for the Supreme Court and County Court

January 18, 2021

The New York Commercial Division was created in 1993 “to test whether it would be possible, by concentrating on commercial litigation, to improve the efficiency with which such matters were addressed by the court and, at the same time, to enhance the quality of judicial treatment of those cases.” By implementing rules and procedures developed with efficiency in mind and after careful consultation with Judges and practitioners alike, the Commercial Division has become a…

New York Business Law and Commercial Litigation Blog

Recent Amendments to New York’s Power of Attorney Law

By Antonia Donohue

January 18, 2021

On December 15, 2020, Governor Andrew Cuomo signed into law sweeping changes to New York’s General Obligations Law governing powers of attorney (“POA”). The new law is effective on June 14, 2021. The new law is intended to: 1) simplify the current POA form, which is prone to improper execution; 2) allow for the execution of a POA containing language that substantially conforms to the law, because the current law’s exact wording requirement is unduly…

Deal Law Wire

Corporate Divorce: An Analysis of Divestments and Lessons to Carry Forward

By Abigail Court (Toronto)

January 18, 2021

In the midst of these unprecedented times, many companies are looking to mergers and acquisitions to realize new growth opportunities and diversify; however, before heading down this road, one question needs to be asked: is it a marriage built to last or is it doomed from the start? A recent paper, which examined 1,365 M&A deals occurring between 1983 and 2010, found that 46% eventually resulted in divestment or “divorce”. Moreover, 77% of these…

The D&O Diary

Diagnostic Testing Company Hit with First Coronavirus-Related Securities Suit of 2021

By Kevin LaCroix

January 18, 2021

In what is the first coronavirus-related securities class action lawsuit filed in 2021, and in what is also as far as I know the first coronavirus-related securities suit filed following the filing of an SEC enforcement action against the same company, a plaintiff shareholder has filed an action against diagnostic testing company Decision Diagnostics Corp., relating to the company’s claims during the period March to June 2020 that it had developed a finger-prick test that…

New York Business Divorce

Groundbreaking Appellate Ruling Boosts LLC Cash-Out Mergers

By Peter Mahler

January 18, 2021

For law bloggers, if there’s one thing more satisfying than writing about an important new court decision, it’s writing about an important new court decision that you won for your client. Last week, the Brooklyn-based Appellate Division, Second Department, unanimously ruled in favor of my clients, construing for the first time at the appellate level two sections of New York’s LLC Law with profound effect on the ability of controlling members of LLCs to oust…

GT Israel Law Blog

Join us: Cross Border Opportunities in a New U.S. Presidential Administration

By Greenberg Traurig

January 18, 2021

The recent changes in the United States federal government signal significant impact and opportunities for companies with business interests in the United States. As we head into a new Biden Administration and U.S. Congress, Greenberg Traurig will host a webinar to discuss these opportunities, including: What companies can expect with the new administration Procurement opportunities with the federal government Trade issues Speakers: Hon. Robert A. Sherman, Former United States Ambassador to Portugal and Senior Counsel,…

Adams on Contract Drafting

LinkedIn Isn’t the Marketplace of Ideas

By Ken Adams

January 17, 2021

I’m a relative latecomer to LinkedIn; I started posting regularly only a couple of years ago. I’ve struggled with LinkedIn, but I think I now understand, finally, what’s expected of me. Much of the conversation on LinkedIn is of a personal nature, involving people’s own experiences, plans, and hopes. But because LinkedIn is designed to […] The post LinkedIn Isn’t the Marketplace of Ideas appeared first on Adams on Contract Drafting. …

The CLS Blue Sky Blog

Quinn Emanuel Discusses Director Liability for Successors’ Acts

By Deborah Newman & Corey Worcester

January 17, 2021

A great deal of buzz has been generated by the recent decision from the Southern District of New York in In re: Nine West LBO Securities Litigation, No. 20 MD 2941 (JSR) 2020 WL 7090277 (S.D.N.Y. Dec. 4, 2020), with some commentators questioning whether the decision places directors who approve a leveraged buyout at risk of liability for the actions of subsequent boards that occur long after they cease to be directors, or expands directors’…

The CLS Blue Sky Blog

What to Do About Poor Corporate Governance at Unicorns

By Amy Deen Westbrook

January 17, 2021

Why are large private companies often characterized by poor corporate governance? WeWork provides a recent high-profile example. For reasons that now seem implausible, WeWork attracted billions of investment dollars. Perhaps it was the company’s “vision” or the sheer personality of its co-founder, Adam Neumann, or maybe there was just too much venture capital money looking for the next big thing. For whatever reasons, WeWork was valued at $47 billion in January 2019, despite having never…

Indochine Counsel Blog

Cryptocurrency in Vietnam

By VietnameseLawBlog

January 17, 2021

by Steven Jacob Cryptocurrency’s Rise Cryptocurrency in Vietnam is problematic. For one thing, it’s illegal. But that’s not the full story nor does it promise to be the last word on the issue. Vietnam is a large market, the fifteenth-most populous country in the world, large enough to add considerable support to any product or […] The post Cryptocurrency in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…