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Corporate Law

US Companies: Reminders for the 2023 Annual Report and Proxy Season

As public companies in the United States prepare their 2022 annual reports and 2023 proxy statements, they will need to contend with a host of new requirements and disclosure updates. Among other factors, these stem from the current geopolitical and economic environment, a bevy of Securities and Exchange Commission (SEC) regulatory activity and several revisions

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Happy Entrepreneurs’ Day! Commonly Asked Questions by Founders of Startups

I volunteer some of my time to providing legal office hours to MIT’s Venture Mentoring Service, a service that MIT offers to its staff, students and graduates who are looking to start a business. In the spirit of National Entrepreneurs’ Day, here are answers to some commonly asked questions during my office hours. What is a

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Poland’s Amended Code of Commercial Companies Takes Effect on 13 October 2022

On 13 October 2022, amendments to the Code of Commercial Companies (hereinafter referred to as the Code) applicable to capital companies will come into force. The amendments will apply, in particular, to a supervisory board, but the modifications will also influence other authorities of a limited liability company (LLC) and a joint stock company. In

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Attention Small Businesses: The US Corporate Transparency Act is Coming Soon

The Corporate Transparency Act (CTA) was enacted by the US Congress on January 1, 2021, as part of the National Defense Authorization Act. Upon taking effect in 2022, it will apply mainly to small US businesses, requiring certain companies to file a report providing the name, date of birth, current address and unique identification number

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Australia Reinstates and Expands Companies’ Administrative Use of Technology

The lockdowns and restrictions due to the emergence of the COVID-19 pandemic in early 2020 highlighted the rigidness of Australia’s Corporations Act 2001 (Cth) (the Act) in relation to carrying on a company. In response to the difficulties faced by companies, relief was temporarily introduced to enable companies to utilise technology in order to hold meetings, execute

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Individual Directors and Officers of Companies in Australia Must Have a DIN

Effective 1 November 2021, officers, directors and alternate directors of Australian companies, registered Australian bodies, registered foreign companies under the Corporations Act 2001, and Aboriginal and Torres Strait Islander corporations registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) must verify their identity on the new Director Identification Number (DIN) platform.

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Mitigating Procedural Delays in Vietnam’s Pharmaceutical Market

The pharmaceutical and healthcare industries in Vietnam have seen a number of positive developments in recent years, including the passage of the Law on Pharmacy in 2016. Among other areas, Article 32 of the law provided clearer guidance on the rights and duties of pharmaceutical business establishments (PBEs), including in areas such as clinical trial

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Ontario’s Business Corporations Act Updates Respond to Contemporary Concerns

On Monday, July 5, 2021, changes to Ontario’s Business Corporations Act (OBCA), will take effect. The latest updates to the law reflect an effort to modernize aspects of the OBCA and enable the Canadian province to compete more effectively, nationally and internationally, as a home for corporate headquarters. Among other changes, two will have a

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Upcoming Deadline: US Bureau of Economic Analysis BE–10 Benchmark Surveys

The Bureau of Economic Analysis (BEA) conducts various surveys of U.S. multinational companies and U.S. affiliates of foreign enterprises to generate statistical information regarding the global business activities of U.S. based companies and the impact of foreign investment by non-U.S. based companies. Generally, individuals and entities are only required to complete and file a BEA

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