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Sarbanes-Oxley, the SEC and Nasdaq
Historically, a company preparing for an initial public offering has taken few corporate steps to prepare for post-offering compliance. Perhaps the issuer would establish an audit committee, add one or two independent directors and instruct directors and officers with respect to the insider trading reports and prohibitions. But generally, the corporate compliance practices employed by a private company seemed sufficient for the new public company. With the enactment of the Sarbanes-Oxley Act in 2002 (the Act) and the imminent adoption of new governance rules by the stock exchanges and Nasdaq, corporate compliance procedures have been expanded for existing public companies, and the level of preparation for corporate compliance following an initial public offering has been substantially increased. This article briefly summarizes the numerous provisions of the Act, the rules under it, the corresponding proposed governance rules that a new public company listing on the Nasdaq National Market will be required to address, and the deadlines for being in compliance.
Compliance: Substantial Preparation
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.