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Corporate / Securities


Although Congress has remained cautious of taking any action to ease the American-imposed embargo on the majority of business interactions with Cuba, President Obama’s administration continues to push forward with the implementation of additional revisions to ease sanctions and potentially secure economic opportunities for both countries.
Effective January 1, 2015, Louisiana adopted the Louisiana Business Corporation Act (“Louisiana BCA”), which was drafted by Louisiana Law Institute’s Corporations Committee and replaces Louisiana’s Business Corporation Law. The Louisiana BCA is based on the Model Business Corporation Act (“MBCA”), a model act originally drafted fifty years ago by the American Bar Association Business Law Section Corporate Laws Committee.