Corporate Update

  • New York Law Journal | Analysis

    May I Work From Home? Accommodating Those COVID-19 Requests

    By Philip M. Berkowitz | September 8, 2021

    Lawyers representing management need to understand how best to advise clients on how to respond to requests from employees to be exempted from these policies.

  • New York Law Journal | Analysis

    Remission Accomplished: How FIFA Victims Scored a Big Win

    By Evan T. Barr | September 1, 2021

    Lawyers for FIFA and the other entities took advantage of an obscure bureaucratic mechanism, called a petition for remission, to secure this enormous recovery. Practitioners representing victims in financial fraud cases should take note of this outcome, and familiarize themselves with the remission process.

  • New York Law Journal | Analysis

    Fifth Circuit Sends Clear Message That Bankruptcy Sales Are Final

    By Corinne Ball | August 25, 2021

    In this edition of her Distress Mergers and Acquisitions column, Corinne Ball discusses a Fifth Circuit decision that highlights the nearly insurmountable barrier that statutory mootness poses to meaningful appellate review of approved bankruptcy sales and emphasizes the strong bankruptcy policy of ensuring finality of sales.

  • New York Law Journal | Analysis

    Transaction 'Integration': 'GSS Holdings (Liberty) v. United States'

    By Elliot Pisem and David E. Kahen | August 18, 2021

    In this edition of their Taxation column, Elliot Pisem and David E. Kahen discuss 'GSS Holdings (Liberty) v. United States', a recent decision of the Court of Federal Claims that discusses (1) the scope of what is sometimes referred to as the 'Danielson' rule, and (2) substance over form and transaction integration principles in the context of multiple payments that were ultimately integrated for tax purposes by the court into a single transaction.

  • New York Law Journal | Analysis

    Issues for New York Employers With Remote Workers Outside the State

    By Frances Kulka Browne and Alanna G. Morgan | August 11, 2021

    In assessing the feasibility of permitting employees to work from out-of-state locations, employers customarily assess business and tax issues. However, they should also consider terms and conditions of employment, anti-discrimination and leave laws, and employee separations.

  • New York Law Journal

    Virtual Currencies (and Other Digital Assets) Under the UCC

    By Barbara M. Goodstein | August 4, 2021

    In this edition of her Secured Transactions column, Barbara M. Goodstein examines the scope of UCC Article 9 with a focus on virtual currencies, taking into consideration issues of classification and perfection, but also how the Uniform Commercial Code and Emerging Technologies Committee is attempting to tackle these unsettled issues by modifying existing provisions and, in some cases, adding new ones.

  • New York Law Journal | Analysis

    EESG Activism After ExxonMobil

    By David A. Katz and Laura A. McIntosh | July 21, 2021

    In this edition of their Corporate Governance column, David A. Katz and Laura A. McIntosh discuss the high-profile ExxonMobil shareholder vote in May that sent shock waves through many of corporate America's boardrooms. The ExxonMobil example reflects the recent increase in shareholder support for EESG-related proposals, and it demonstrates the risks and dynamics at play in the current environment.

  • New York Law Journal | Analysis

    De-Stabilizing IPOs: Didi and Robinhood

    By John C. Coffee Jr. | July 14, 2021

    IPOs can be successful (often) or unsuccessful (less common). But rarely can they destabilize an industry or imperil a fast-growing sector of the economy. Yet, that may have just happened, or be about to happen, in two long-anticipated IPOs: Didi Global and Robinhood Financial. In this edition of his Corporate Securities column, John C. Coffee Jr. explores recent developments and writes that both IPOs underline the critical nature of the disclosure decisions made by securities lawyers.

  • New York Law Journal | Analysis

    Risks in Internal Audits of Compliance Policies

    By Philip Berkowitz | July 7, 2021

    In this edition of his Employment Issues column, Philip Berkowitz writes that if you are internal counsel or a human resources executive, your compliance department may want to review not only policies, but also backup data.

  • New York Law Journal | Analysis

    Collateral Consequences of No-Admit-No-Deny SEC Settlements

    By William F. Johnson | June 30, 2021

    Some courts have expressed skepticism about the wholesale use of unadjudicated administrative allegations in securities complaints. However, others—including a recent decision in the District of Maryland in the 'Under Armour' case—have given weight to the SEC's allegations when denying motions to dismiss. In this edition of his Corporate Crime column, William F. Johnson offers several practical suggestions to minimize the collateral effects of entering into an administrative settlement with the SEC or a similar agency.

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