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Daily Business Review

Questions to Consider Before Entering Into Your Next Business Contract

It seems axiomatic that one must plan ahead when entering into a business contract, but too often contracting parties overlook the basics which could become the focus of a future contract dispute.
5 minute read

The Legal Intelligencer

New IRS Guidance to Tax Provision Means Big Breaks to Real Estate, Business Investors

The 2017 Tax Cuts and Jobs Act added a new tax provision to the Internal Revenue Code, Section 1400Z-2, which aims to provide big capital gains tax breaks to real estate and business investors who make investments in certain economically underdeveloped areas.
7 minute read

New York Law Journal

You Can't Unring the Bell: Costly Waivers in LLC Operating Agreements

In a recent decision, the Delaware Court of Chancery reaffirmed the policy of Delaware and many other states, including New York, of enforcing broad contractual waivers of fiduciary duties and demonstrated the importance of carefully negotiating contractual rights and obligations when forming or investing in a limited liability company.
8 minute read

International Edition

Former Commercial Court head warns of post-Brexit challenge from international courts

Mr Justice Popplewell discusses challenges facing Commercial Court at Legal Week event
2 minute read

Delaware Business Court Insider

Investors Sue to Block Sonic's Proposed $2.3B Deal to Take Company Private

A shareholder of Sonic Corp. has sued in Delaware federal court to halt the drive-in fast food company's $2.3 billion bid to take the company private, alleging that the board withheld key financial data about the deal.
3 minute read

Litigation Daily

Investment Bank's Malpractice Claim Against MoFo Goes Bust

Even though the law firm allegedly missed a central fact while doing public-stock-offering due diligence, the bank's malpractice claim was time-barred after it didn't act on a public report about fraud committed by the coal company making the stock offering, an appeals court said.
4 minute read

New York Law Journal

Investment Bank's Malpractice Claim Against Morrison & Foerster Goes Bust

Even though the law firm allegedly missed a central fact while doing public-stock-offering due diligence, the bank's malpractice claim was time-barred after it didn't act on a public report about fraud committed by the coal company making the stock offering, an appeals court said.
4 minute read

New York Law Journal

Use Promissory Estoppel as Sparingly as Garlic

Based upon recent case pronouncements by both New York's highest court and federal courts, the doctrine of promissory estoppel should be invoked with selectivity, particularly when used to undermine the protections offered by the Statute of Frauds and other similar statutes designed to protect individuals from the risk of fraudulent conduct.
10 minute read

International Edition

New class action law sets stage for fresh competition among German disputes leaders

New German law allows consumers to bring collective action against companies for the first time
4 minute read

International Edition

Top law firms and in-house teams called on to enter Middle East Legal Awards 2019

Prestigious awards to take place on 18 April at Ritz-Carlton in Dubai
2 minute read

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