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MBELR Online

The blog is a composite of academic, opinion, and news-related pieces submitted by Journal members. Blog entries are independent from the print edition of the Michigan Business & Entrepreneurial Law Review.

  • Delaware Chancery: No Fiduciary Duty To Maximize Earn Out In Acquisitions

    Fiduciary duties typically require one to act in the best interests of their beneficiary, even if those interests may conflict with their own.  This can present issues when part of the consideration for an acquisition is contingent on the future performance of the target, otherwise known as an “earn out.”  If the buyer completely controls the company, they may be

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  • Financial Inclusion and VAT Treatment of Mobile Money Services

    Innovations in the financial sector have broadened access to finance and altered the operation of capital markets.  One of the fastest-growing financial technologies (Fintech) resulting from the digital revolution is mobile money services, where customers use their mobile device to receive, store and spend money.  As the advent of Fintech baffles lawyers and regulators alike, money mobile services raise novel

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  • Private Ownership and Practical Practice in Major Law Firms

    Major law firms are anachronisms according to the logic of the cool-headed economists and management theorists.  Ever since Berle and Means first preached the division of owners and managers in their seminal work, most shareholders exist separately from management, preferring a passive voice when it comes to directing the actions of their firms, and by proxy, their money.1  With some

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  • FDA Moves Forward with Proposal to Combat Teen E-Cigarette Use

    On March 13th, the FDA issued a proposal to combat the rise in teen e-cigarette and cigar use.1  Data has shown that more than 3.6 million middle and high school students were e-cigarette users in 2018, an increase of 1.5 million students since 2017.2  Data also indicated that flavored cigarettes are becoming more popular among kids.3  According to the FDA

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  • The Siphoning of American Innovation: How China Acquires Technology

    You have probably heard by now that China is stealing America’s intellectual property.  This has been one of the primary issues in President Trump’s trade war with China—and for good reason.  Keith Alexander, the former Director of the National Security Administration, has called this theft the greatest transfer of wealth in history.1  The transfer of technology to China likely costs

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  • The Legality of Cashless Stores: Tension Between Innovation & Discrimination

    The first time I walked into a Sweetgreen, a fast-casual food chain tailored toward “simple, seasonal, healthy food”,1 I noticed a sign that the business would not accept cash.2  Sweetgreen was the first food chain where I noted the deliberate change in how transactions might be conducted going forward.  The sign provided a link for more information,3 and presented the

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