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Treasury issues proposed regulations on FACTA: joint statement issued with 5 European nations outlining an alternative approach
- Fox Rothschild LLP
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- France, Germany, Italy, Spain, United Kingdom, USA
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- February 15 2012
Congress, in 2010, enacted a new set of rules on the required reporting and withholding with respect to foreign financial accounts and nonfinancial foreign entities in Pub. L. No. 111-147, 501 (2010)(the “HIRE ACT”
Double derivative actions: court applies law of country of Spanish parent company in dismissing complaint
- Fox Rothschild LLP
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- Spain, USA
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- August 30 2011
In a double derivative action involving a wholly owned subsidiary, a stockholder plaintiff only must plead demand futility (or otherwise satisfy Rule 23.1) at the parent level
