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Supplemental bonding: Current regulations – BOEM can require additional security based on an evaluation of a lessee’s ability to carry out present and future obligations demonstrated by five factors: (i) financial capacity substantially in excess of existing and anticipated lease and other obligations as evidenced by audited financial statements; (ii) projected financial strength significantly in excess of existing and future lease obligations based on the… [read post]
15 Oct 2020, 12:44 pm by Jana Grauberger and Stephen Wiegand
Supplemental bonding: Current regulations – BOEM can require additional security based on an evaluation of ability to carry out present and future obligations demonstrated by five factors: (i) financial capacity substantially in excess of existing and anticipated lease and other obligations as evidenced by audited financial statements; (ii) projected financial strength significantly in excess of existing and future lease obligations based on the estimated value of… [read post]
15 Oct 2020, 11:00 am by Lina Angelici
Note that the form of the business being acquired or sold is irrelevant; the term “significant subsidiary” applies whether the business is a corporation, partnership, limited liability company, or otherwise, and applies even if what is being acquired or sold is just a group of assets. [read post]
13 Oct 2020, 6:25 am by Kevin Kaufman
Any tax reform plan that is developed in Nebraska ought to prioritize lower corporate and individual income tax rates, more competitive treatment of in-state investment, and reduced property tax burdens—reforms that can be paid for in part by modernization of the sales tax base. [read post]
21 Sep 2020, 11:49 am by William Ford, Anna Salvatore
" The committee will hear testimony from former commissioners and chairs of the Federal Trade Commission. [read post]
17 Sep 2020, 2:40 pm by Bridget Crawford
Hatcher PovertyLawProf Baltimore       Will Hubbard ProfHubbard Baltimore       Margaret E. [read post]
15 Sep 2020, 3:03 pm by Kevin LaCroix
At common law, transactions between an agent (e.g., a corporate director or officer) and the agent’s principal (the corporation) were void. [read post]
25 Aug 2020, 2:50 am by Colby Pastre
On the contrary, it is likely to get worse, driven by technological advances and regulation like the Corporate Average Fuel Economy (CAFE) standards. [read post]
22 Aug 2020, 3:45 am by Cari Rincker
Opening a separate account will lay the foundation for more effective liability management, financial tracking, and tax preparation. [read post]
19 Aug 2020, 5:48 pm by Russell Knight
The financial affidavit is the mandatory summary of each party’s assets, debts, income and expenses, Interrogatories are another (usually) standard list of questions related to assets debts and income, Requests For Admission affirm these documents and facts for the sake of clarity, subpoenas ask 3rd parties for relevant documents which are (typically) not in the parties possession. [read post]
19 Aug 2020, 2:52 pm by Kevin LaCroix
Financial Conduct Authority (FCA) against three different U.K. insurers. [read post]
17 Aug 2020, 6:33 am by John Jascob
Meanwhile, the corporate defendant has agreed to be subject to a consent order of permanent injunction which includes findings, an order of disgorgement, and penalties totaling $72,600 (CFTC v. [read post]
14 Aug 2020, 3:02 am by Liz Dunshee
Unbeknownst to Easterbrook, however, the deletion of the e-mails from the mail application on his Company-issued phone did not also trigger the deletion of those e-mails from his Company e-mail account stored on the Company’s servers. [read post]