A bill currently sitting in committee in the United States Senate would make most non-compete agreements invalid. Known as the Workforce Mobility Act, the bill would broadly prohibit non-compete clauses in employment contracts, with a handful of exceptions. While the bill is currently sitting in committee, if passed, it would have a major impact on employment contracts around the country. Continue reading “Proposed Law Would Invalidate Most Non-Compete Agreements”
Tag: Business Law
Former Nissan Executive Ghosn Escapes House Arrest, Flees to Lebanon
Carlos Ghosn, a former executive at auto manufacturer Nissan, has fled to Lebanon after apparently escaping house arrest in Japan. Ghosn was arrested in 2018 after, it was alleged, he committed numerous financial crimes, including misusing company assets and embezzling company money for his own personal investments. The exact details of his escape remain unclear, but his flight to Lebanon has made it unlikely he will return to face prosecution in Japan. Continue reading “Former Nissan Executive Ghosn Escapes House Arrest, Flees to Lebanon”
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 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”
Employers No Longer Required to Allow Union Organizers in Public Spaces
The National Labor Relations Board (NLRB) recently ruled that employers no longer needed to permit union organizers in “public spaces” on their own property. As noted in an article in the National Law Review, this overturns 38 years of NLRB precedent, which previously required employers to allow union organizers to advocate in certain areas of the employer’s property that were open to the public. Continue reading “Employers No Longer Required to Allow Union Organizers in Public Spaces”
What is Antitrust Law
Competition is an essential part of the American economy, as it drives companies to innovate, keeps prices down and helps to keep them honest. And while it’s generally a good thing when a business does well, sometimes a business does so well that it can potentially stifle competition, hurting the economy. It’s for this reason that antitrust laws were created: to preserve competition and protect consumers from the abuses that might arise in a non-competitive market. Continue reading “What is Antitrust Law”
Delaware Court Approves Shareholder Demand to See Facebook’s Books
The Delaware Chancery Court has recently approved a demand by Facebook’s shareholders to see their books and records. This demand, called a Section 220 demand, was filed as a means of examining potential wrongdoing by Facebook’s leadership during the Cambridge Analytica scandal. Cambridge Analytica (CA), a now-defunct political consulting firm, was accused of stealing the data of 50 million American Facebook users which it utilized to influence the 2016 United States Presidential Election. Continue reading “Delaware Court Approves Shareholder Demand to See Facebook’s Books”
The Danger of Double Taxation
Oftentimes, when people are discussing corporate taxation, one of the things they’ll refer to is “double taxation,” and how unfair it is. The term may be confusing for people unfamiliar with the tax code, who wonder how it is that corporations can be taxed twice. However, it’s not as complicated as it sounds, and understanding double taxation can make a big difference when deciding how to organize your business.
Continue reading “The Danger of Double Taxation”
