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|Market Entry for Foreign Investors: Consider Legal and Tax
Michael Rainer; GRP Rainer LLP;
May 19, 2015, previously published on May 18, 2015The German market is of interest to many foreign investors. However, there are a lot of legal and tax aspects that need to be considered when entering the German market.
|The Michigan Nonprofit Corporation Act Amended|
Kelly A. LaGrave, John W. Mashni; Foster, Swift, Collins & Smith, P.C.;
May 15, 2015, previously published on May 8, 2015The Michigan Nonprofit Corporation Act and the Dissolution of Charitable Purpose Corporations Act have recently been amended. This article contains a summary of the significant changes that may warrant amending the organizing documents of existing Michigan nonprofit corporations.
|Reform of Inheritance Tax - Sort Out Company Succession at an Early Stage|
Michael Rainer, Michael Rainer; GRP Rainer LLP;
May 15, 2015, previously published on May 15, 2015Inheritance tax must be reformed by mid-2016. That was a ruling of the German Federal Constitutional Court (Bundesverfassungsgericht) at the end of 2014 based on the view that company heirs presently enjoy excessive favourable treatment.
|Legal Entities and Formalities: Making Sure Your Business Protects You|
Nicholas H. Vander Veen; Smith Haughey Rice & Roegge, P.C.;
May 15, 2015A primary reason to form a corporation or limited liability company is to obtain limited liability protection: the owner’s personal assets are protected from the claims of the company’s creditors. One of the most common issues I observe among many small business owners is the propensity...
|DOJ and CPSC File Rare Civil Penalty Lawsuit Against Retailer Alleging Misrepresentation of Status and Late Reporting |
Aaron J. Aisen, Cheryl A. Possenti, Paul C. Steck; Goldberg Segalla LLP;
May 14, 2015, previously published on May 5, 2015In a rare move, the U.S. Department of Justice (DOJ) and Consumer Product Safety Commission (CPSC) have filed a lawsuit seeking civil penalties against Michaels Stores Inc., and its subsidiary, Michaels Stores Procurement Co. Inc., one of the largest arts and crafts retailers in the United States....
|EuroResource - Deals and Debt|
Corinne Ball, Veerle Roovers; Jones Day;
May 14, 2015, previously published on March 1, 2015GermanyżOn 6 March 2015, Germany passed a law that requires some of Europe's biggest companies to give 30 percent of seats on supervisory boards to women beginning on 1 January 2016. Currently, fewer than 20 percent of the seats on German corporate boards are occupied by women. In passing the law,...
|CFPB Fair Lending Report|
Katharine F. Musso; Jones Walker LLP;
May 14, 2015, previously published on April 30, 2015The Consumer Financial Protection Bureau ("CFPB") issued its third annual Fair Lending Report ("Report") on April 28. The CFPB announced that fair lending actions resulted in $224 million of "monetary relief" to approximately 300,000 consumers.
|California Attorney General Seeks Supply Chain Transparency Information from Businesses|
David L. Cheng; Ford & Harrison LLP;
May 13, 2015, previously published on April 24, 2015Executive Summary: Recently, a number of large retail and manufacturing companies doing business in California may have been surprised to receive a letter from the California Attorney General asking them to demonstrate compliance with the California Transparency in Supply Chains Act. The Act was...
|SBA Proposed Rules Small Business Mentor-Protégé Program|
Stephen J. Kelleher, Steven L. Reed, Alan I. Saltman; Smith, Currie & Hancock LLP;
May 13, 2015, previously published on February 5, 2015On February 5, 2015, the Small Business Administration issued proposed rules that would establish a government wide mentor-protégé program for all small business types, including participants in the HUBZone, Women-Owned Small Business and Service Disabled Veteran Owned Small Business...
|When is a Background Search not a Background Search?|
Maria Greco Danaher; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
May 13, 2015, previously published on May 5, 2015The Fair Credit Reporting Act (FCRA) was enacted to insure that consumer reporting agencies act with “fairness, impartiality, and respect for the consumer’s right to privacy.” But one federal court held recently that LinkedIn’s search technology does not make that site a...