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Many stockholder agreements contain provisions regarding rights of the board of directors to manage and direct business affairs for a company. The Delaware Court of Chancery recently invalidated a number of common provisions in such an agreement.
Ideally, every retail lease strikes a reasonable balance between the interests of the landlord and the tenant and lays the groundwork for a mutually beneficial relationship. However, things do not always go according to plan. When building a retail lease, it's important that both expect the unexpected and have contingencies in place.
In 2025, new federal reporting requirements will require a significant number of organizations to report cyber incidents within hours of discovery to the United States Government — under CISA's proposed rule to implement Cyber Incident Reporting for Critical Infrastructure Act.
On March 6, 2024, New Hampshire Governor Chris Sununu signed into law SB 255-FN, An Act Relative to the Expectation of Privacy, making New Hampshire the 14th state to enact a comprehensive data privacy law — joining California, Colorado, Connecticut, Delaware, Texas, and others. The Act will take effect on January 1, 2025.
On March 1, 2024, Judge Liles C. Burke of the Northern District of Alabama, Northeastern Division, ruled in U.S. v. Yellen that the Corporate Transparency Act is unconstitutional. The federal district court found the Act exceeds Congress’s constitutional power.
Did you know a lease and a license are distinctly different under Connecticut law? Understanding the legal difference is essential for parties to protect their rights, comply with legal obligations, and effectively manage property agreements.