LJN Newsletters

  • A Look At FIN 48

    In an effort to increase comparability and consistency in how companies report income tax positions on financial statements, the Financial Accounting Standards Board ('FASB') issued FASB Interpretation Number 48 ('FIN 48'), Accounting for Uncertainty in Income Taxes on July 13, 2006. FIN 48 changes the way companies must account for uncertain tax positions taken on federal, state and local, and international income tax returns for financial reporting purposes.

    October 30, 2007Peter H. Gruen and Lindsay M. LaCava

  • Ten Things You Should Know About China's New Antitrust Law

    On Aug. 30, 2007, China's National People's Congress adopted the Anti-Monopoly Law ('AML'), the first ever comprehensive competition law in the largest emerging market in the world. This was the culmination of 13 years of legislative effort and debate since the first draft of this law was originally conceived. What are the essentials of China's emerging antitrust legal regime? The following are the ten key things that you should know about this area.

    October 30, 2007Steve Yu and Peter Corne

  • The Roberts Court on Antitrust

    By the end of its last term, the Supreme Court decided four significant antitrust cases, resulting in one of the most antitrust-focused terms in the Court's history. In rendering decisions favorable to the defendants in all four cases, the Court quickly drew the dreaded 'pro-business' label. Commentators on the left criticized the decisions as marking a hard-right turn on antitrust policy, while those on the right lauded the Court's restoration of free-market principles to competition analysis. These broad pronouncements overstate the similarities among the cases, which arose in a wide range of industries and raised quite different legal issues.

    October 30, 2007Wesley R. Powell and G. Shireen Hilal

  • Meeting the Section 409A Deadline

    With a last-minute extension by the IRS, the final regulations adopted under Section 409A of the Internal Revenue Code now impose a hard Dec. 31, 2008 deadline on making necessary amendments to deferred compensation arrangements for employees, directors, and certain independent contractors of private, not-for-profit, and public companies in order to avoid federal excise taxes at a rate of 20% (plus retroactive interest).

    October 30, 2007Frederick D. Lipman, Barry L. Klein and Wilhelm L. Gruszecki

  • Movers & Shakers

    News about lawyers and law firms in the franchising industry.

    October 30, 2007ALM Staff | Law Journal Newsletters |

  • New Briefs

    Highlights of the latest franchising news from around the country.

    October 30, 2007ALM Staff | Law Journal Newsletters |

  • Court Watch

    Highlights of the latest franchising cases from around the country.

    October 30, 2007Alexander Tuneski

  • Injunctions in Franchising: Comparing the Canadian and American Systems

    This month's installment continues an exploration of the differences that franchisors in the United States and Canada will face when seeking injunctions to enforce non-competition and other covenants contained in their franchise agreements.

    October 30, 2007Jennifer Dolman, Denise Sayer and Jon S. Swierzewski

  • Supplemental Bonuses

    New York's Sullivan & Cromwell LLP plans to pay counsels and senior associates (fifth-year level and up) bonuses tied to the firm's financial performance.

    October 29, 2007Anthony Lin

  • An Upbeat View: Nonlawyer Ownership of Law Firms

    This article examines the two main objections to outside ownership of law firms. The first is that it would permit nonlawyers to interfere with lawyers' exercise of professional judgment. The second is that the firm's duty to its shareholders would lead it to focus blindly on maximizing profits.

    October 29, 2007Milton Regan Jr.