The Bitcoin system provides rules and features that have a divergent effect from those of the U.S. monetary system. Although the Bitcoin system provides some advantages, it does not provide a solution to every deficiency of the U.S. monetary system. Following are some differences, advantages, and disadvantages between the Bitcoin system and the U.S….
Category: Blog Articles
Amazon’s Second Headquarters: Effects on Legal Employment and Retention
Amazon’s decision to build a second worldwide headquarters created a wave of frenzy across North America. Exactly 238 cities, states, and regions spent hundreds of hours crafting unique proposals in the hopes of enticing the worldwide retail giant to call their city its new home.1 Several cities went to great lengths creating their proposals –…
The Bayer-Monsanto Merger – Antitrust Concerns and What’s at Stake
On September 14, 2016, Monsanto Co.—a St. Louis based agribusiness giant and seed company—announced its agreement to be acquired by the German chemicals multinational Bayer AG in a deal that would ultimately be worth $63 billion.1 From the start, the deal “that would create the world’s largest integrated pesticides and seeds company” has raised critical…
Activism and the P&G Proxy Fight: A Sign of Changing Times?
On October 10, Procter & Gamble (“P&G”) announced the results of the board of directors election at its most recent meeting of shareholders.1 The company’s shareholders re-elected all eleven incumbent members of the board.2 This victory over challenger Nelson Peltz of Trian Partners (“Trian”) ended the most expensive proxy fight in history.3 The nearly four-month…
Trump’s Call to Challenge Network Licenses Unlikely to Succeed
Throughout the early stages of Donald Trump’s presidency, the President has consistently stated that he is treated unfairly by the media. Recently, he made comments suggesting he would like to take steps to rectify this situation. On October 11,, President Trump sent out a tweet suggesting that the government might regulate television networks treating him…
Navigating the Quasi-California Corporations Statute
It has long been safe to assume that a corporation will be governed by the laws of the state in which it is incorporated. However, businesses and corporate practitioners should be aware that this is not universally true. Section 2115 of California’s Corporations Code (hereinafter “Code”) subjects foreign corporations to California corporate law if they…
The Consequences of Eliminating State and Local Tax Deductions: Double Taxation and Tax Controversy
The Trump Administration recently passed a comprehensive tax reform package, which includes restrictions on state and local tax (“SALT”) deductions from federal income returns.1 For the fiscal year 2017, the Internal Revenue Code permits deductions for state, local, and foreign taxes relating to income and property taxes.2 Proponents argue that restriction of the deduction will…
Where are the Funding Portals?
Regulation Crowdfunding, promulgated under Title III of the JOBS Act, is a relatively new method companies can use to raise capital.1 Reminiscent of donation-based crowdfunding platforms such as Kickstarter, Regulation Crowdfunding permits companies to raise up to $1 million through either a funding portal or broker-dealer from a wide range of investors, including non-accredited investors.2…
New Insider Trading Law Means Little Hope for Defendants in Future Cases
A recent series of court decisions blurred the distinction between legal and illegal insider trading. These decisions will ultimately lead to worse outcomes for those charged with insider trading violations. What is insider trading? This conduct occurs when a person with access to non-public, material information takes that information and uses it to either buy…
Proposed Gasoline Car Bans Could Spark the Electric Vehicle Industry
Although electric vehicle (“EV”) sales do not account for a large portion of global automobile sales, recent developments in some of the major global automotive markets promise to expand the EV market rapidly in the coming years. In September, China became the largest market—following a handful of mostly European countries—to declare its intention to…