On October 20, 2023, an amendement to the General Law of Commercial Companies (Ley General de Sociedades Mercantiles) was passed, permitting corporate assemblies of partners and/or shareholders and management bodies to be held remotely and through electronic media. The amendment presents a significant shift in the conduct of Mexican corporate operations, paving the way for…
In a move reflecting the continued integration of digital processes in the corporate governance world, a recent amendment to the General Law of Commercial Companies now permits business partners, shareholders, and boards to convene via electronic meansJD Supra. This modification, effective from October 20, 2023, presents a shift in facilitating corporate decision making, particularly in…
The legal landscape of antitrust enforcement relating to labor and employment has witnessed significant developments in 2023. These progressions were largely championed by the U.S. Department of Justice (DOJ) and Federal Trade Commission (FTC). Together, these institutions are launching proactive measures to tackle potential antitrust violations, morphing their roles from regulatory agencies to antitrust enforcers….
In an upcoming hybrid event, attorneys from fields including Restructuring & Reorganization, Real Estate, and Tax will navigate discussions around workout discussions with lenders, specifically focusing on trends observed from commercial real estate loan workouts in 2023. This forms a pivotal part of maneuvers when borrowers face the prospect of defaulting. The discussion promises a…
With commercial real estate markets navigating turbulent waters in 2023, a significant event titled ‘Navigating Workout Discussions with Lenders – Trends from 2023’ is slated to be discussed in depth on November 9th, in Dallas, TX. A key focus of this program involves the examination of critical issues surrounding commercial real estate loan workouts and…
The City of Norwalk, noted as the sixth largest city in Connecticut, is close to finishing its 2023 real property revaluation. This revaluation is being done on the principle of “full measure and list” – an approach which integrates the outcomes of property inspections into the revaluation. This critical step, according to a report by…
In a seemingly paradoxical ruling, a state known for its broad wildlife classifications recently delivered a judgment that’s raising eyebrows among legal experts. In the state where crabs, clams, and even bumblebees categorically fall under “fish”, an interesting legal determination took place in the case of BioCorRx, Inc. v. VDM Biochemicals, Inc., Case No. G061535…
Goodwin Procter, a leading law firm, has recently enhanced its life sciences division with the addition of a new partner, David Chen. David Chen will be serving in the Santa Monica, California, and Hong Kong offices of the firm, a move that was announced this Monday. Chen brings with him extensive knowledge in advising clients…
In light of current economic unpredictability exacerbating longstanding demands on businesses to enhance value and manage expenses, legal departments are not exempt from this trend. The focus is primarily on commercial disputes, with senior in-house attorneys increasingly pressured to optimize the value of claims, judgments, and unenforced awards, whilst keeping costs to a minimum. According…
Earlier this month, the UK Supreme Court overturned a Court of Appeal ruling granting a stay of proceedings in the high-profile case of Republic of Mozambique v Privinvest Shipbuilding SAL (Holding) and others [2023] UKSC 32. This substantial reversal has sparked considerable interest within the legal community, particularly among corporate legal professionals and law firms…
As the globally interconnected economy faces ever-evolving pressures, international corporations and law firms are eagerly seeking insights and guidance regarding trade challenges and opportunities, particularly concerning the U.S. role in the fluctuating landscape. To shed light on these vital topics, global law firm Hogan Lovells hosted a unique webinar series targetting life sciences and health…
In an important development in the commercial lending landscape, a New York state court recently delivered a ruling that nullified a loan agreement’s choice of law provision. The decision was given in the context of a case involving Samson Lending LLC and Greenfield Management, LLC, along with its subsidiaries. The court held that the loan…
In a case that has attracted significant attention, the Montana Supreme Court has deemed Facebook posts of a New York woman on a Montana wildlife photography farm as meeting the minimum requirements needed for the state to invoke personal jurisdiction. In a deeply divided judgement, this stance is a first-impression concerning the state’s law around…
Christopher L. Crumbley, a former lead administrative judge at the United States Patent & Trademark Office’s Patent Trial & Appeal Board (PTAB), has recently taken a position at Bracewell, based out of their Austin, Texas location. Offering a wealth of patent law insight, Crumbley’s addition to the team was formally announced early this week. Armed…
In an era where third-party technology is becoming foundational to business operations, the significance of safeguarding critical software applications from disruptions cannot be understated. The practice of negotiating and securing a software escrow agreement affords robust protections in this regard. One may delve deeper into this topic here, provided by the NCC Group. A software…
In the intricate realm of commercial real estate, professionals continually underscore the importance of meticulously crafted paperwork. Whether it’s a lease agreement or a purchase contract, every document serves a distinct purpose. Equally crucial, and possibly more complex, is the Letter of Intent (LOI). Lawyers and real estate investors alike recognize the importance of an…
In a recent contentious move, SharkNinja, a household appliances manufacturer, has come under scrutiny due to allegations regarding the temperature and non-stick claims made for their products. Kelley Drye & Warren LLP are leading the investigation. The circumstance brings to mind 1985 when Bon Jovi released their album titled ‘7800° Fahrenheit.’ The album’s title was…
Diane E. Vuocolo, an accomplished bankruptcy attorney, has recently joined Ballard Spahr as a partner in the litigation department and bankruptcy and restructuring group. Prior to joining Ballard Spahr, Vuocolo was associated with Greenberg Traurig, where she offered her expertise to clients in a range of legal matters such as corporate workouts, business reorganization, loan…
In a recent decision, the Ohio Supreme Court provided clarification on what constitutes a trade secret under Ohio’s Uniform Trade Secrets Act. The case in question is Hanneman Family Funeral Home & Crematorium v. Orians, and it required a thoughtful analysis of how the ADA (American Disabilities Act) applies to former employees and their rights…
In the realm of commercial law, the Uniform Commercial Real Estate Receivership Act (UCRERA) is a significant piece of legislation. Arizona’s use of it, to regulate the operation of its real estate receiverships, warrants detailed examination. Traditionally, Arizona courts have conferred upon receivers certain powers and duties related to commercial real estate and some residential…
In the midst of the FTC proposing impactful regulations that aim to overhaul how businesses across different sectors advertise prices and disclose fees, the West Coast has also set its sights on making changes of its own, with California introducing measures to exert greater control over the practice commonly known as ‘price gouging’, in the…
In an according to JD Supra, the Ohio Board of Tax Appeals recently ruled in favor of a manufacturer, concluding that gross receipts from its sales of products, which were delivered to a distribution center in Ohio and subsequently shipped outside the state, were not sourced to Ohio for the purpose of the Ohio Commercial…
The Federal Communications Commission (FCC) has recently undertaken steps aimed at facilitating commercial operations in the booming space industry. This move has seen the adoption of two orders that offer increased flexibility to industry players, according to a report by Cooley LLP on JD Supra. The FCC adopted both a second report and a further…
In a significant move intended to nurture the development and execution of cutting-edge technology, the Space Force’s Space Domain Awareness (SDA) Tools, Applications, & Processing (TAP) Lab has launched its inaugural Project Apollo. Scheduled to commence on October 26, 2023, Project Apollo plans to serve as a unique tech incubator for domestic companies. Projected as…
As of 1 August 2023, Ukraine joins the ranks of the European Union, Mexico, Montenegro, Singapore, and the United Kingdom as a Contracting State to the Hague Convention on Choice of Court Agreements 2005 (hereinafter referred to as the “Choice of Court Convention”). The Choice of Court Convention holds significant implications both for Ukraine and…