What’s in a Name? New York Legislature Passes LLC Transparency Act – LLCs and Their Individual Beneficial Owners Must Prepare for Disclosure (and Corporate/Tax Lawyers Prepare for More Work to Avoid It)

By Helen D. (Heidi) Reavis and Michael D. Utevsky Headline The New York Legislature passed the LLC Transparency Act (the “Act”) (S.B. S995B) in June and if Governor Kathy Hochul signs the bill into law, domestic or foreign LLCs that are operating in New York will be required to disclose their beneficial...

Read More

The Latest from the White House – An Executive Order in Support of Increased Domestic Production of Federally Funded Inventions

By: Nafsika Karavida On July 28, 2023, President Biden signed Executive Order “Federal Research and Development in Support of Domestic Manufacturing and United States Jobs,” also known as “Invent it Here, Make it Here.”[1] The main purpose of the Executive Order (“EO”) is to boost domestic manufacturing of inventions that...

Read More

The First Department of New York’s Appellate Division Applies the Internal Affairs Doctrine to a Shareholder Dispute Brought Against a German Company on Behalf of its Shareholders

By Mark H. Moore Both state and federal courts have adopted the “internal affairs doctrine” for disputes among or between a corporation and its directors, officers, and shareholders.  Under this approach, courts generally apply the substantive law of the state of incorporation to such disputes, because “application of that body...

Read More