Facebook’s new proposed cryptocurrency, known as Libra, has faced numerous hurdles in the lead up to its launch sometime in 2020. Among those hurdles has been the inability to convince a single country’s central bank to accept Libra, making it unlikely that the cryptocurrency will be able to be used as an actual currency. This led Ueli Maurer, the President of Switzerland, to declare Libra had “failed” in its current form. Continue reading “Swiss President Declares Facebook Libra Cryptocurrency “Failed””
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Fifth Circuit Affirms ACA Individual Mandate is Unconstitutional
The Fifth Circuit of the United States Court of Appeals has affirmed a district court ruling in part that says the individual mandate of the Affordable Care Act (ACA) is unconstitutional. While the district court went further to argue that the entire ACA, more colloquially known as Obamacare, was unconstitutional, the Fifth Circuit narrowly ruled on the constitutionality of the individual mandate. It then remanded the case back to the district court to determine what provisions, if any, were severable from the individual mandate. Continue reading “Fifth Circuit Affirms ACA Individual Mandate is Unconstitutional”
Google Faces Scrutiny Over Healthcare Data Sharing
Google is facing legal scrutiny after a whistleblower revealed the tech company was collecting the healthcare data of millions of Americans as part of a partnership with Ascension Health, a large Catholic health care provider. In an initiative called “Project Nightingale,” Google gained access to information on as many as 50 million Americans, including details such as their names, addresses, birth dates, and full medical history. Critics are concerned about the purposes to which Google might put the data they collect, and whether they are complying with privacy laws to protect patient data. Continue reading “Google Faces Scrutiny Over Healthcare Data Sharing”
WeWork Evicted from Midtown Office
WeWork, the largest commercial real estate tenant in New York City, has been evicted from its offices in Midtown South after allegedly violating the terms of its lease. The eviction is the latest in a series of troubling stories surrounding the company, which received a major shakeup after it began a corporate restructuring this past summer. This, combined with major financial troubles and the recent exit of its CEO, has left the well-being of WeWork in question.
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Considerations for Purchasing Commercial Real Estate
Buying real estate is always a stressful prospect. For most people, a purchase of a home is the single largest purchase they will ever make. However, people who are looking for a place to run their business out of may find that finding the right piece of commercial real estate can be just as stressful as finding the right home, if not more so. Continue reading “Considerations for Purchasing Commercial Real Estate”
Garrett Motion Sues Former Parent Company Over Asbestos Liability
Garrett Motion, a former subsidiary of Honeywell International, Ltd., is suing Honeywell over an indemnification agreement it signed prior to being spun off from Honeywell. The indemnification agreement requires Garrett to indemnify Honeywell against costs and liabilities related to car brakes Honeywell once manufactured that contained asbestos. Garrett claims the agreement is unlawful and has decided to sue after nearly a year of unsuccessful negotiations with Honeywell. Continue reading “Garrett Motion Sues Former Parent Company Over Asbestos Liability”
Avoiding a Conflict of Interest
As a company grows larger, it acquires more assets, more employees, and a larger share of the market. However, that same increase in size also brings with it many additional complications, especially when it comes to the people who run the company. With many directors, officers and executives holding investments in other companies, or even positions in other companies, it’s very easy to wind up with a conflict of interest. Continue reading “Avoiding a Conflict of Interest”
Mediation as a Tool for Businesses
Alternative dispute resolution is an all-too-often overlooked tool for businesses, and mediation in particular often gets short shrift. Mediation offers many potential advantages to business owners seeking to resolve their disputes, either with other businesses or with their own employees. It can be worth considering the next time you find yourself in a legal or financial dispute as a business owner. Continue reading “Mediation as a Tool for Businesses”
Four Ways to Resolve a Breach of Contract
Businesses can live and die based on their reputations for abiding by their contracts. Nevertheless, there are constantly situations where businesses accuse one another of a breach of contract, whether due to negligence, malfeasance, or a simple misunderstanding. When that happens, there are a few possible ways to resolve the dispute. Continue reading “Four Ways to Resolve a Breach of Contract”
Four Problems That Can Arise from a Merger
A business merger can be an exceptional opportunity for any company looking to expand its market presence and its profits. And while it is true that a merger can offer many benefits, it can also come with many potential problems for the unwary. Here are just a few potential problems to watch out for when it comes to mergers. Continue reading “Four Problems That Can Arise from a Merger”
