Following the adoption of the Tax Cuts and Jobs Act, the debate regarding the use of stock repurchase programs by companies seems to have gotten more
In this opinion, the Court of Chancery granted defendants’ cross-motion for partial summary judgment, finding that the holders of Wesco Financial Corp. (“Wesco”) common stock were not entitled to appraisal rights because they were not required pursuant to the terms of the merger agreement at issue to accept a form of merger consideration triggering appraisal rights under DGCL Section 262.
Brookside Capital, LLC, a registered investment adviser based in Boston, was the subject of a recent administrative order issued by the SEC (SEC IA Release No. 3226, June 28, 2011) in connection with the violation by the Adviser of Rule 105 of Regulation M of the Securities Exchange Act of 1934 and Section 203(e) of the Investment Advisers Act of 1940.
The Federal Fiscal Court (Bundesfinanzhof, BFH) overruled its former decisions on the possibility of accepting a tax group for VAT purposes even without the group parent holding a participation in the respective group company (BFH dated 1 December 2010, XI R 4308 and dated 22 April 2010, V R 909).
On 8 July 2010, the Ministry of Planning and Investment issued an official letter No. 4646BKH-DTNN (“Official Letter”) providing guidance on foreign investment (“Foreign Indirect Investment”) in the form of capital contributions to, or the purchase of shares in, local Vietnamese companies
Russian legislation has traditionally been strict regarding the payment of share capital of a commercial company.
One of the starting points in company law is the one share, one vote principle, meaning that each share entitles to one vote.
On August 6, 2009, the Ontario Securities Commission ("OSC") issued the written Reasons for Decision relating to a hearing held on April 15 and 16, 2009 involving a take-over bid (the "Offer") by JLL Patheon Holdings, LLC ("JLL") for restricted voting shares of Patheon Inc. ("Patheon").
Good news for nonresident members of limited liability companies (“LLCs”) operating in Virginia.
The going-private frenzy, combined with the recent trend of including post-signing market check “go shop” provisions in merger agreements for unshopped deals, has led to increased shareholder activism among investors who are dissatisfied with the consideration being offered in mergers and other consolidations.