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Building a State-of-the-Art Anti-Bribery Program
Earlier this year, two senior executives, frustrated with the high customs duties imposed on their imports into Haiti, took matters into their own hands. They paid off a few Haitian officials. The Department of Justice looked into the matter and now one executive has been sentenced to 37 months in prison and the other to 63 months.
In another case, a company carrying out due diligence as part of an acquisition uncovered questionable payments and required the target company to report them to the government. The target promised to cooperate fully in the government's investigation, but the sale fell through, their share price plummeted, they paid a record-breaking $28.5 million fine and now face a shareholder lawsuit.
In a third case, a Swiss company selling off a subsidiary uncovered and disclosed payments and gifts to Nigerian government officials. The company paid $16 million in fines, but more costly still, the company estimates that it has paid for more than 44,000 lawyer hours for the investigation and subsequent remedial steps.
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.
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.
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.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.