In a recent ruling by the Judge of the Economic Department of the Tel Aviv District Court, Ruth Ronen, a guideline was given in relation to the application of the Business Judgment Rule doctrine to decisions taken by the officers of a company in the context of dividend distribution. In the case, an application to
Structured finance and investment laws vary considerably across jurisdictions. Compliance with these laws can present a particular challenge for businesses and investors whose interests cross borders. To help companies better understand the laws and regulations governing securitization-related matters, Ally Law’s member firm in Greece, Your Legal Partners, together with the law firm Dracopoulos & Vassalakis
Russell Kennedy Lawyers, the Ally Law member firm located in Melbourne and Canberra, Australia, has published its Doing Business and Investing in Australia Guide providing a general overview of the key legal issues of which foreign organizations should be aware when seeking to do business in or invest in Australia. Topics covered include an overview on
The Advisory Committee on Small and Emerging Companies, created by the U.S. Security and Exchange Commission (SEC), issued its Final Report last month summarizing its recommendations from the past six years as well as detailing those areas the Committee has identified as areas for continued focus. The SEC formed the Committee to provide recommendations on rules, regulations,
This summer the U.S. Securities and Exchange Commission (SEC) released a Report of Investigation (Report) that represents the first major U.S. regulatory guidance for the mushrooming cryptocurrency markets. Ally Law member firm Rich May has prepared a primer of the key provisions of the Report and what they mean. A brief summary of the primer
Sometimes the only path to financing your startup is through the pitching and putting together a group of “angels” and other individual investors. That path takes time and can be frustrating; potential investors may hesitate to commit. The offer from a “finder” to introduce you to investors with cash sounds attractive. What is the downside
On March 1, 2017 the New York State Department of Financial Services’ (NY DFS) Cybersecurity Requirements for Financial Services Companies (the Regulations) went into effect. The Regulations apply to any entity or organization “operating under or required to operate under a license, registration, charter, certificate, permit, accreditation or similar authorization” under New York (United States) banking
In 2016 the Malaysian Parliament passed the Companies Bill 2015 (Bill) which is expected to transform Malaysia’s corporate landscape by spurring entrepreneurship and deregulating certain aspects of corporate process. Inasmuch as the Malaysian government has yet to finalize new regulations, rules and guidelines implementing the Companies Bill 2015, the Bill itself is not yet effective
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,
Canadian securities administrators have recently implemented new and updated prospectus exemptions to facilitate capital formation, particularly in early-stage entities. The exemption enables select issuers other than investment funds to issue securities directly to their existing security holders. This change assists issuers with a simple way access potential investors and provide existing shareholders with the opportunity to participate in primary offerings
