Norris McLaughlin & Marcus, P.A.

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Business Without Borders

Feb 15, 2017

INTRODUCTION TO US BENEFIT CORPORATIONS: US Subsidiaries of Foreign Parents Doing Good by Bridging Profitability and Responsible Business – PART II

Part II: Legal Structure and Requirements

As discussed in Part I of this series, business owners are increasingly choosing to pursue the B-corporation form to combine their companies’ for-profit and public benefit purposes.  B Lab, the independent non-profit that certifies B-corporations’ social and environmental benefits, recently reported increased instances of B-corporations forming outside the United States, and the B-corporation form may also help attract investors from around the world. » Read More

Feb 13, 2017

INTRODUCTION TO US BENEFIT CORPORATIONS: US Subsidiaries of Foreign Parents Doing Good by Bridging Profitability and Responsible Business

Part I: Background

In 2006, Yvon Chouinard, the founder of sportswear giant Patagonia, published a corporate memoir that would equally inspire board members in three-piece suits and surfers in wetsuits.  Let My People Go Surfing: The Education of a Reluctant Businessman attempts to reshape the way we think about business, and Chouinard leads by example.  He writes, “Who are businesses really responsible to? » Read More

Jan 05, 2017

Foreign Companies (India) Establishing U.S. Subsidiaries – Some Jurisdictional Considerations (New Jersey)

The below post was co-authored by Steve Karg and Bob Gabrielski.

Last week, a first level appellate court in New Jersey issued an opinion for publication discussing the potential grounds for finding jurisdiction over a foreign parent corporation when its wholly-owned subsidiary has its principal place of business in New Jersey.  In FDASmart v. Dishman Pharmaceuticals and Chemicals Limited, App.» Read More

Dec 14, 2016

We’re Entering TrumpWorld – The Fed to Raise Rates Today

As the Fed wraps up their last of its eight 2-day meetings this year it’s likely to raise its key short-term interest rate by 0.25% or 25 basis points.  So, what’s motivating the Fed to raise the rate?  A number of factors are in the mix: (i) the base unemployment rate (the Department of Labor “U3 Rate”) is at its lowest since 2007, and we all remember the tail end of that boom; (ii) this year alone, the US has added approximately 2,000,000 jobs to date; (iii) with the U3 Rate at 4.6% there’s pressure building to increase wages, as employers look to add staff in a tightening employment market; and (iv) the Fed is expecting inflation to kick in during 2017. » Read More

Dec 07, 2016

Live! From the ACI Drug and Medical Device Litigation Conference

I’m blogging from the American Conference Institute’s Drug and Medical Device session on International Mass Tort Litigation: Strategies for Handling the Increasing Interplay Between Domestic and Global Products Liability Actions. Great tips and thoughts for global product manufacturers and distributors, particularly for global companies with subsidiaries or partners in the U.S.   If you manufacture or distribute global products, you should be thinking about issues such as differing regulations, liability standards, discovery rules and privileges, as well as the coordination of discovery, trials, experts and witnesses.  » Read More

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