As a result of the well-publicized scandals involving LIBOR rate manipulation, British regulators announced plans in July 2017 to phase-out LIBOR by 2021 and replace it with a more reliable benchmark. In addition to other markets, the LIBOR phase-out will
Corporate Law
The Cole Schotz P.C. blog covers a range of corporate law topics including corporate transactions, bankruptcy and corporate restructuring, securities regulation, and digital assets such as cryptocurrencies and NFTs. It discusses regulatory compliance issues involving the SEC, CFTC, and IRS, as well as legal considerations for digital asset investments, initial coin offerings, and cryptocurrency payments. The blog also addresses real estate finance, litigation, employment, and intellectual property matters within the corporate context. It provides updates on legal developments affecting various industries and offers insights into the intersection of corporate law with emerging technologies and financial instruments.
Latest from Corporate Law - Page 10
Technology as a “Horizontal” in M&A Transactions
Not too long ago, technology was considered a “vertical” market filled with companies that met the needs of the “technology” industry (think Microsoft, Dell, Cisco, Intel, and IBM). However, technological products and services have evolved to the point of serving…
NYC Gets Its Groove Back – Repeals Cabaret Law
New York City finally got its groove back. After 91 years, the Cabaret Law (New York City Administrative Code § 20-359), a Prohibition-era law that has forbidden dancing at some New York City bars and clubs has been repealed.
As it…
NYC to Defer to the FDA in Calorie Posting Rules
As New Yorkers enjoy their pumpkin spice lattes, the fact that a Grande (16oz) serving will cost them about 380 calories (including 2% milk and whipped cream, because why not?) is becoming common knowledge. Calorie information has been conspicuously posted…
New York Virtual Currency Business License: What to Know
New York entrepreneurs in the virtual currency space must be careful to follow New York’s licensing requirements enacted under Financial Services Law Sections 102, 104, 201, 206, 301, 302, 309, and 408. Under the new regulations issued by the New…
Reflecting the Parties’ Intentions in Operating Agreements: Reminder on Silent Terms
Does your operating agreement reflect your intentions?
New Jersey’s Revised Uniform Limited Liability Company Act (the “RULLCA”) became effective on March 18, 2013. As noted in a post we authored in 2014, although initially applicable only to limited liability companies…
Meteoric Growth of New York City’s Mobile Food Vending Industry Sparks Legislative Action
Mobile food vending is now a billion dollar industry. The hospitality subset has experienced a major boom since the economic downturn of 2008. Food trucks nationwide are expected to bring in $2.7 billion in revenue this year alone according to…
Delaware Court of Chancery Identifies Fiduciary Duty Constraints on Preferred Equity
A recent decision of the Delaware Court of Chancery (the “Court”) places certain fiduciary constraints on a company’s ability to satisfy its obligations to its preferred equity holders. While investors often seek to acquire preferred stock in return for their…
New NYC Law Obliges Mobile Food Vendors to Display Sanitary Inspection Grades
On May 30, 2017, Mayor de Blasio signed into law Int. No. 1456, requiring mobile food vendors (food trucks, hotdog carts, etc.) to display letter grades received after sanitary inspections akin to those displayed in windows of city restaurants.…
Thinking About Selling Your Business? Three Keys to Success.
By Alan Rubin
There are numerous reasons you might consider selling your business – it could be that retirement beckons, your business has reached its growth limit under current management or financial constraints, or an exit opportunity knocks. Whichever the case may be,…