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As part of the targeted surveillance, ASIC held that 14 “cash” funds with approximately $7 billion in assets used deceptive and inappropriate product labels, with a mismatch between the redemption features and the liquidity of underlying assets in 3 funds with under $1 billion in assets. [read post]
5 Oct 2020, 5:40 am by Peter J. Sluka
A minority shareholder petitioning for dissolution under BCL § 1104-a must establish, by a preponderance of the evidence, that the majority shareholders have engaged in “illegal, fraudulent or oppressive actions,” (BCL § 1104-a(a)(1)), or that the “property or assets of the corporation are being looted, wasted, or diverted for non-corporate purposes by its directors, officers or those in control of the corporation,” (BCL §… [read post]
2 Oct 2020, 5:58 am by Woodruff Family Law Group
Among them include fixed assets such as cash and equipment, assets such as accounts, liabilities, and intangibles such as Goodwill. [read post]
Corporations or partnerships liquidating under Chapter 7 must distribute all of their assets to creditors. [read post]
27 Sep 2020, 7:00 am by Josh Blackman
That name, until August 2025, is controlled by a Premises Covenant in the Asset Transfer Agreement between the University of Illinois Board of Trustees and The John Marshall Law School. [read post]
24 Sep 2020, 6:00 am by Neil Rosen (Toronto)
Background InterOil Corporation (InterOil) was a Yukon corporation whose shares were widely held and publicly traded on the New York Stock Exchange. [read post]
21 Sep 2020, 11:49 am by William Ford, Anna Salvatore
The committee will hear testimony from Christine Wormuth, the director of the Rand Corporation's International Security and Defense Policy Center; Ret. [read post]
14 Sep 2020, 5:24 pm
  It is not that shareholder versus stakeholder valuation is good or bad; rather it is that no one is yet willing (for quite different and ideologically compelling reasons, at least in their own minds) to actually and rigorously impose on financial accounting regimes  (and the systems like GAAP etc. that incarnates it) the full costs of economic activity  That in part represents an unwillingness to quantify certain costs (as inimical to its nature), or to accept that… [read post]
14 Sep 2020, 3:44 am by Peter Mahler
The other shareholders claimed the $1.5 million was “more than it was worth” and refused to permit Chain’s acceptance of the offer. [read post]
9 Sep 2020, 6:16 am by Law Lady
FOREVERPOOLS CARIBBEAN, LLC, Appellee. 3rd District.Contracts -- Sale of real property -- Option to purchase -- Specific performance -- Trial court did not err in declining to grant specific performance of an option to repurchase certain real property where, although option holder furnished notice of intent to exercise the option as authorized under original purchase contract, trial court found a dearth of proof that option holder stood ready, willing, and able to tender payment, along with a… [read post]
4 Sep 2020, 5:28 am by Shannon O'Hare
Danish law does not regulate corporate loans, save for the general provisions in the Danish Law of Contracts which, inter alia, provide that terms of contracts may not be “unfair”. [read post]
31 Aug 2020, 2:13 pm by IncNow
If a non-stock corporation applies for tax exemption by filing IRS Form 1023 and receives a tax determination letter, it can accept donations tax deductible to its donors as an IRS-approved 501(c)(3) corporation. [read post]
27 Aug 2020, 5:00 pm by Kenneth F. Ginder
[2] Morningstar, the DOL notes, reports that the amount of assets invested in “sustainable funds” in 2019 was approximately four times larger than in 2018. [read post]
27 Aug 2020, 1:04 pm by Kevin LaCroix
Boards (and other supporters of particular stockholder-aligned interests) will need to accept that even regarding such interests that the board considers important for long-term value enhancement and protection of the corporation, the scope, scale and cost of the steps to be taken will be constrained by business considerations that vary from company to company and by the overarching mandate that the long-term benefit to the company and its stockholders is being achieved. [read post]
27 Aug 2020, 6:31 am by Yosie Saint-Cyr
Toews, who was also a co-owner of the business and the corporate appellants. [read post]
26 Aug 2020, 2:56 pm by Kevin LaCroix
Caution should be exercised from the time of acceptance of the position of a director. [read post]
20 Aug 2020, 1:55 pm by Dan Carvajal
Raising the corporate income tax from 21 percent to 28 percent. [read post]
19 Aug 2020, 5:48 pm by Russell Knight
  Think about it…how could a spouse not have access to the documents that reflect their income, expenses, assets and debts? [read post]