Corporate Law

Ally Law Member Firm Rich May Super Honored By Super Lawyers

Sixteen Rich May, P.C. attorneys have been honored by Super Lawyers. Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual Super Lawyer selections are made using a multiphase process that includes a statewide survey of lawyers,

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Arbitration Under The “New Model” ASEAN Investment Agreement

The ASEAN Comprehensive Investment Agreement (the Agreement) is a multi-lateral treaty between the ten member states of the Association of South-East Asian Nations (ASEAN) which became effective in March 2012. The Agreement is intended to assist the creation of “a free and open investment regime in ASEAN in order to achieve the end goal of

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U.S. Government Issues 2017 Cost-Of-Living Adjustments

Since 1975 the United States Social Security Administration’s general benefit increases have been based on increases in the cost of living, as measured by the U.S. Consumer Price Index. Prior to 1975 the benefit increases were set by legislation. These increases are called Cost-Of-Living Adjustments, or COLAs, and allow Social Security and Supplemental Security Income

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Drafting Effective Arbitration Clauses

Arbitration as means to resolve disputes is growing in use around the world and is a favored method of dispute resolution in certain industries, such as in international construction contracts. In business it is often expressly consented-to as a more timely and less expensive vehicle for dispute resolution than litigation. Ally Law member firms have practitioners

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Defamation By Any Other Name

Defamation cases arising out of posts on social media such as Facebook and Twitter are popping up around the globe. See, e.g., Facebook and defamation: When a post costs you dearly. In most jurisdictions the specific identification of the individual being defamed is traditionally an essential element of the claim in a defamation lawsuit. A

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EU – U.S. Privacy Shield Update: Are You Certified?

On October 6, 2015, the European Court of Justice declared invalid the Safe Harbor program governing the transfer of personal data for commercial purposes between the European Union and the United States. See our former Global Matters articles on the subject: Evolving Law: The Status Of Data Transfer From The EU; New Framework For Transatlantic

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Britain Increases Measures To Tackle Offshore Tax Evasion

Her Majesty’s Revenue and Customs (HMRC) department of the British government intends to introduce a new “Requirement to Correct” (RTC) obligation in the Finance Bill 2017, which places an additional obligation on those who have undeclared UK liabilities relating to offshore interests to put their past affairs in order by September 2018. Those who do

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Privacy Breach Results In Record-Breaking Settlement With U.S. Government

In the United States the privacy and security requirements for personal health information (PHI) are set forth in the Health Insurance Portability and Accountability Act (HIPAA) and its accompanying regulations, as governed by the Department of Health and Human Services (DHHS). See, e.g., Global Matters article Health Information Privacy: An Evolving Minefield. In the largest HIPAA

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Risks For Stakeholders In Intra-EU Cross-Border Seat Transfers

A “cross-border seat transfer” is the process by which a company transfers its registered office from one European Union member country to another. As a result of Europe’s credit crunch, there are many reasons a company might consider a cross-border seat transfer.  However, there are risks involved for the main stakeholders: shareholders, creditors, employees, managers,

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Should Your Partnership Elect Out Of The New Partnership Audit Rules?

Among its many provisions, the United States Bipartisan Budget Act of 2015, signed into law last week, imposes a new audit regime on tax partnerships and certain limited liability companies. Under the new regime, unless a partnership is eligible to elect out and does so timely, effective after 2017 the IRS can collect tax due on partnership

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