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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.
On June 23, 2011, the SEC released its final rules to implement new exemptions from the registration requirements of the Investment Advisers Act of 1940 (the “Advisers Act”) for advisers solely to qualified venture capital funds (see SEC Release No. IA-3222; File No. S7-37-10); however, venture capital fund advisers will be required to file certain reports with the SEC, to keep certain records as the SEC deems necessary to protect investors, are subject to SEC examinations, and may be required to register with one or more state securities authorities.
Adams and Reese attorneys David Bowsher, Richard Carmody and Henry Shelton III authored a chapter titled "Perspectives: Buyers" in the recently published edition of Strategic Alternatives for Distressed Businesses, published by Westlaw, one of the primary online legal research services for lawyers and legal professionals in the United States.
In a rare example of our representatives in Washington listening and acting almost simultaneously, the Restoring American Financial Stability Act of 2010 (the “Bill”), which was approved by the Senate on May 20, 2010 in a 59-39 vote, does not include the most onerous and damaging provisions related to Regulation D private securities transactions.
Like the Red Coats, regulatory changes to the private placement market are coming whether we like it or not.
On March 23, 2010, the U.S. Senate Committee on Banking, Housing and Urban Affairs approved the Restoring American Financial Stability Act of 2010 (also known as the “Dodd Financial Reform Bill”). Debate on the Bill and consideration of amendments could occur very soon after Republicans ceased their initial opposition to debating the Bill yesterday and will now allow the Bill to move to the floor of the Senate.
Appropriate Classification of Debt – Current Liability or Long Term Debt A Trap for the Unwary Lender and Borrower
Last year, this publication reported new rules that were issued on January 11, 2001, concerning distributions from IRAs and certain qualified retirement plans.