Elizabeth C. Grant The United States Department of Justice and the Securities and Exchange Commission released their highly anticipated Guide to the U.S. Foreign Corrupt Practices Act (FCPA) on November 14, 2012. Although many looked to the agencies to clarify aspects of the FCPA and shed new light on enforcement actions, the Guide provides few…

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Diane E. Ghrist In Gatz Properties, LLC v. Auriga Capital Corp.,[1] the Delaware Supreme Court held that the Delaware LLC Act does not explicitly impose default fiduciary duties when those duties have not been provided for in the LLC agreement. This per curium decision vociferously knocked Chancellor Strine’s assertion that managers of Delaware LLCs owe…

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Charles Huang The Delaware Chancery Court in Shocking Technologies, Inc. v. Michael[1] held that a corporate board member breached the fiduciary duty of loyalty when the member attempted to convince the only investor interested in the company to demand a board seat while the company was in financial distress. The court rejected the board member’s…

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Please join the American University Business Law Review as it brings together academics and practitioners for its 2013 Symposium on Transactional Lawyering. We will be engaging in a broad conversation addressing deal lawyers, governance, the relationship between lawyers and financial markets, the current conditions impacting the practice, transactional law pedagogy, and the evolution of the field.   CLE credit to…

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ALEXANDRA MACKEY The fashion industry is a global industry, generating $1.2 trillion in revenue.  Consequently, the question of whether—and to what extent—fashion designers can protect their works under the intellectual property laws of their country is hotly debated.  In Asia, the answer to this question varies from country to country. In India, for instance, fashion…

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