The negotiated terms of the engagement letter typically include: (1) whether the investment bank will be paid a cash retainer, how much, and whether it is paid over time during the engagement or in a lump sum upon signing; (2) the amount and structure of the “success fee” payable to the investment bank upon closing of an M&A sale transaction (often calculated using a graduated scale consisting of fees consisting of different percentages of the total purchase price amount applied to… [read post]

  This case presents the following issues: (1) To what extent does the Federal Power Act (16 U.S.C. [read post]

  I’d like your opinion on the following purely hypothetical scenario…   If a small group of individuals working within a nation’s government made a series of decisions that destroyed the economic security of tens of millions of the country’s citizens… decisions that literally cost thousands of lives, and in all likelihood shortened the life expectancies of hundreds of thousands more… failed to such a degree that it would be more than a decade before… [read post]