Document(s) published by this organization: 243
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|Vietnam’s New Investment Law Paves the Way for More M&A - No More Investment Certificates!|
Giles T. Cooper, Nhan T. Le, Manfred Otto; Duane Morris Vietnam LLC;
March 18, 2015, previously published on February 9, 2015Good news for M&A in Vietnam! Effective 1 July 2015, foreign investors won’t need to undergo lengthy investment certificate procedures when buying stakes in Vietnamese target companies. The change, introduced by the new Investment Law, will hopefully end years of uncertainty and frustration...
|Understanding SwissLeaks: Considerations for Banks, Account Holders and Fiduciaries in Light of Possible Enforcement Action in India|
Saionton Basu; Duane Morris;
March 18, 2015, previously published on March 13, 2015Last month saw further disclosure of 1,195 account holders in HSBC Private Bank in Geneva, Switzerland, with Indian addresses. Whilst that by itself connotes no manner of wrongdoing, given the information now resides in the public domain, the following potential risks emerge for banks, account...
|Virtual Credit Card Payments|
Patricia S. Hofstra; Duane Morris LLP;
March 18, 2015, previously published on February 6, 2015On January 30, 2015, several healthcare organizations sent a group letter to CMS protesting the use of virtual credit cards by health plans to pay providers. In a virtual credit card payment (a nonstandard type of electronic funds transfer EFT), a health plan or its payment vendor issues single-use...
|New U.S. Policy Towards Cuba Put In Motion By Construction Of Church|
Jose A. Aquino; Duane Morris LLP;
March 18, 2015, previously published on February 4, 2015The construction of Cuba’s first Roman Catholic Church since Castro came to power in 1959 may well be the first test of the new U.S. policy towards Cuba. The new church, with an expected capacity to accommodate at least 200 worshipers, is set to be built in Sandino, a small, secluded town in...
|President Orders Federally Funded Construction Projects To Plan For Flood Risks From Climate Change|
Jose A. Aquino; Duane Morris LLP;
March 18, 2015, previously published on February 2, 2015On January 30, 2015, President Barack Obama signed an executive order requiring all federally funded construction projects to take into account flood risks linked to climate change.
|$195 Million Awarded for Failure to Negotiate in Good Faith; PharmAthene, Inc. v. SIGA Technologies, Inc.|
David A. Charapp; Duane Morris LLP;
March 18, 2015, previously published on February 9, 2015In 2011, I wrote about the PharmAthene, Inc. v. SIGA Technologies, Inc. case, in which the Delaware Chancery Court found that SIGA Technology Inc. failed to negotiate in good faith with PharmAthene, Inc. for the grant of a license to SIGA’s smallpox drug known as ST-246. This case provided an...
|Fees and Costs Awarded to False Claims Act Defendant|
Seth A. Goldberg; Duane Morris LLP;
March 13, 2015, previously published on January 9, 2015A recent decision in the U.S. District Court for the Southern District of New York provides fair warning to qui tam relators who assert erroneous claims under the False Claims Act ("FCA") that they could be hit with legal fees and expenses pursuant to 31 U.S.C. § 3730, which permits...
|The Assignment of Pennsylvania Statutory Bad Faith Claims: The Supreme Court Rules in Allstate Property and Casualty Ins. Co. v. Wolfe|
Charlotte E. Thomas; Duane Morris LLP;
March 13, 2015, previously published on January 20, 2015The Pennsylvania Supreme Court recently clarified in Allstate Property and Casualty Ins. Co. v. Wolfe, No. 39 MAP 2014, 2014 WL 7088147 (Pa. Dec. 15, 2014) that statutory bad faith claims brought against insurers under 42 Pa. Cons. Stat. § 8371 can be assigned by insureds to injured...
|Can you receive a term of life imprisonment for forcing someone to accompany you to a different room in their own house?: Justice Scalia and a unanimous Supreme Court say “yes” in Whitfield v. United States of America, (though to be fair, I should note that Mr. Whitfield had just tried to rob a bank).|
Eric R. Breslin; Duane Morris LLP;
March 13, 2015, previously published on January 14, 201518 U.S.C. 2113 (e) has a long and venerable history, even by the storied standards of the federal criminal code. It was originally enacted in 1934 in response to "an outbreak of bank robberies committed by John Dillinger and others" Carter v. United States of America, 530 U.S. 255, 280...
|New CMS Payment Policy Will Negatively impact Healthcare Investors|
C. Mitchell Goldman; Duane Morris LLP;
March 13, 2015, previously published on January 29, 2015I have been concerned about the difficulty of projecting revenue and determining valuations for new and existing healthcare companies based on risk based reimbursement models. My fears have not been allayed. Rather, they have been confirmed.