Robert Guest, Foreign Editor of The Economist, delivered the Keynote Speech this morning at the Meritas Annual Conference in Las Vegas. Guest addressed the conference on “Making Sense of a Tumultuous World”. How does the price of oil and gas affect governments and markets? What’s the impact of debt? What’s the impact on state-owned companies?
Look at what’s happened to the economies in countries like Venezuela, Russia, China.» Read More
The below post is authored by UK law firm Moore Blatch.
As you are most probably aware by now as it has been widely reported, from 6 April this year, most UK companies and LLPs will be required to take active steps to identify any individuals or legal entities that have ‘significant influence or control’ over them and record their details on a ‘register of people with significant control’ (known as a PSC register).» Read More
In the past, class actions were most prevalent in the United States and Canada. With class action and similar procedures spreading throughout the globe, it pays to track and learn from developments in the U.S. In the U.S., defendants have tried to defeat class actions by offering the class representative full value in settlement of that individual’s claim. A putative class action typically needs an adequate representative to proceed to class action status.» Read More
Last week, Ed Sponzilli, Melinda Fellner Bramwit, Nick Duston, and Brad Muller participated in a Meritas webinar on the do’s and don’t of white collar crimes in Indo-U.S. context.
The webinar highlighted some of the recent developments that have fundamentally altered the business environment in India and discussed the ways and means through which businesses in India and the U.S.» Read More
VLM Food Trading International, Inc. (“VLM”), a Montreal-based supplier of foods, sold frozen potatoes from time to time to Illinois Trading Company (“IT”), a United States company located in Illinois. After nine successful transactions, IT encountered financial difficulty and failed to pay for the next nine shipments. Invoices sent by VLM after delivery included a provision purporting to make IT liable for collection-related attorney’s fees if it breached the contracts. » Read More