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International Edition

Multinationals Face Huge Fines for Supply Chain Breaches Under New EU Directive

International companies that fail to comply with the EU Corporate Sustainability Due Diligence Directive by 2027 could face fines as high as 5% of their worldwide turnover as well as increased compliance costs and lawsuits.
5 minute read

Delaware Business Court Insider

Musk's Focus on X Has Come at Tesla's Expense, Shareholder Lawsuit Claims

"Neither Musk's past success nor his importance to Tesla's business gives him carte blanche to treat his fiduciary duties to Tesla as optional," the complaint states.
4 minute read

New Jersey Law Journal

Rutgers General Counsel Nominated to Fill Retiring Justice's Vacancy on New Jersey Supreme Court Bench

"The irony is not lost on me, that the seat that we are here talking about, is the seat that belongs to my second boss at the U.S. Attorney's Office, Justice Lee Solomon, who served this court with incredible dignity, with incredible respect, and with incredible grace," New Jersey Supreme Court nominee John Jay Hoffman said.
4 minute read

Daily Business Review

Navigating the CTA: Compliance Tips for Condo and Homeowner Associations

The Corporate Transparency Act (CTA) was enacted in 2021 with an effective date for compliance on Jan.1, 2024. This legislation plays a crucial role in preventing illegal money transfers into the U.S. from abroad as well as combat tax fraud and other illicit activities.
4 minute read

New York Law Journal

Hitting 'Pause' on the Corporate Transparency Act: Part I

In this first article of his two-part series, Anthony Sabino discusses 'National Small Business United v. Yellen,' which held the Corporate Transparency Act to be unconstitutional on multiple grounds. This installment summarizes the regulatory scheme and analyzes the district court's holdings.
8 minute read

Corporate Counsel

Autonomy CEO Downplays Panicked Emails, Denies Firm Was Tanking Before $11B Sale to HP

"What we're looking at is the sausage-making that goes into every quarter and the stress that goes into sales," Autonomy CEO Michael Lynch said of internal emails expressing alarm about the company's progress closing deals.
6 minute read

International Edition

UK Top 50 Firms See Cash Balances Plummet

Evelyn Partners said that firms are grappling with 'increasing people costs, high energy prices and the need to invest in information technology, especially cyber security'.
2 minute read

Delaware Business Court Insider

McCormick: No Current Need to Formally Block Tesla Shakeup in Chancery

Chancellor Kathaleen McCormick said she's holding defense counsel to their word and will leave the door open for the motions to be raised again if they don't keep it.
4 minute read

New York Law Journal

AI Disclosure and Governance in the Spotlight

The 2024 proxy season demonstrated that AI-related disclosures and governance structures currently are a subject of intense shareholder interest. It is likely that both disclosure- and governance-oriented shareholder proposals regarding AI will gain traction in future proxy seasons.
8 minute read

Delaware Business Court Insider

Del. Exclusive Forum Selection Clause Does Not Bind Contracting Party's Managers, Principals, Owners Who Do Not Directly Benefit From Contract

Parties to transaction agreements often choose Delaware as the exclusive forum for disputes arising out of their transactions. This is common, where the parties are from diffuse geographic locations, but desire a single forum well-versed in corporate and commercial law—like Delaware—to resolve their disputes.
5 minute read

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