Where a fiduciary serves as trustee and simultaneously manages a business entity owned by the trust, the fiduciary serves in dual fiduciary capacities. This “trustee-manager” owes fiduciary obligations to the trust beneficiaries both in his capacity as trustee and in his capacity as business manager Continue Reading
Venture Capital & Emerging Growth Companies Activities—July 2018
McCarter’s Venture Capital & Emerging Growth Companies practice empowers clients throughout the development cycle—from ideation to creation, capitalization, implementation, commercialization and monetization. Our representation is defined by a paradigm-shifting business model that Continue Reading
Reminder: June 30 Deadline for Mandatory Filing by US Companies with 10% or More Foreign Ownership
U.S. companies that formed in 2017 or earlier and have foreign ownership of at least 10 percent as of the end of 2017 must file reports with the U.S. Bureau of Economic Analysis (BEA) by June 30. Because the paper-filing deadline of May 31 has expired, such companies must file electronically, Continue Reading
The FAR Takes Aim at Russia’s Kaspersky Lab: What Every Contractor Must Know
At this point, even casual observers of the news likely have heard of Moscow-based Kaspersky Lab. In the wake of reported connections to the Kremlin and Russian intelligence entities, the cybersecurity company was famously banned as a source of supply to the United States Government by Section 1634 Continue Reading
Coal Plant Shutdowns: The Implications of Recent Health Studies
As if the owners of coal-fired power plants did not have enough to worry about, two studies published last month concluded that the shutdowns of coal-fired power plants were associated with improvements in the reproductive health of persons living in the vicinity (0-10 km) of the plants. The Continue Reading
Get It in Writing
As any financial or legal professional will advise, a promise, representation or agreement should be in writing. This sound advice applies equally in the bankruptcy context, as the Supreme Court recently held.[1] When extending credit to an individual who makes a statement about her financial Continue Reading
Venture Capital & Emerging Growth Companies Activities—June 2018
McCarter’s Venture Capital & Emerging Growth Companies practice empowers clients throughout the development cycle—from ideation to creation, capitalization, implementation, commercialization and monetization. Our representation is defined by a paradigm-shifting business model that Continue Reading
Fast Fashion and IP Regulation: Will Fast Fashion Kill the Golden Goose?
The global fashion industry is a dynamic and fast-paced juggernaut, a major economic force generating billions of dollars in revenue and employing millions of workers in creative, marketing, sales and manufacturing capacities worldwide. Nonetheless, compared to other forms of artistic expression – Continue Reading
Supreme Court Removes a Final (?) Roadblock for Employment Arbitration Agreements
Class action lawsuits against employers have steadily increased both in number and in dollar value over the past two decades. These lawsuits cost employers millions, often for technical or minor violations spread over many class members and several years. The United States Supreme Court, however, Continue Reading
New York City Adopts #MeToo Era Anti-Sexual Harassment Legislation
As mentioned in our prior Alert concerning recent amendments to the state of New York’s laws prohibiting workplace sexual harassment, Mayor de Blasio has similarly followed suit by signing into law multiple bills collectively titled the Stop Sexual Harassment in NYC Act (“Act”) that impose Continue Reading