Corporate Law for Startups

Tuesday, 18 February 2020 by

If you spend the time and expense to incorporate your small business, then you should make sure you observe the corporate formalities. There are many reasons for observing corporate formalities. The most important reason is that if you don’t, you are leaving yourself open to someone trying to “pierce the corporate veil”—getting at your personal assets for the liabilities of the corporation. This blog describes the corporate formalities for a small business.

Fiduciary Duties 101

Thursday, 24 October 2019 by

You may have heard about fiduciary duties, something about loyalty and care, but truth be known, you have no idea what that all means. Let’s set the scene. Your startup company is up and running. You have consulted with your startup lawyer  about forming the company as a limited liability company. What duties do you owe to those who have invested in the company. They are after all part owners and have invested their hard-earned money into your company. You talk with your startup lawyer and he or she explains that you owe the owners a fiduciary duty—fiduciary what, you ask? If you violate these fiduciary duties, you may be personally liable. Well, that should get your attention. This article discusses what a fiduciary duty is and who it is applied to.

Как большому, так и малому бизнесу нужно вводить программы по соблюдению антикоррупционных норм.Всем компаниям, а особенно компаниям, которые работают за рубежом обязательно нужно ввести программы и процедуры, направленные на соблюдение антикоррупционных законов. Эти программы и процедуры можно найти в руководствах по трудоустройству или в нормативных правовых актах. В этой статье мы расскажем о том, что в себя должны включать такие программы.

Anti-Corruption Compliance Programs

Wednesday, 11 September 2019 by

Formulating policies and procedures is a critical step in building your business. These policies and procedures may be found in an employment manual or a compliance program. Every business and especially those doing business overseas should have an anti-corruption compliance program. This article provides an overview of anti-corruption compliance programs. Anti-corruption programs are quickly becoming part of the compliance landscape for U.S. companies, regardless of size and even those who have little foreign activity.

Комитетом по иностранным Инвестициям США (CFIUS) проводит проверку бизнес транзакций с иностранными лицами на потенциальную угрозу национальной безопасности и технологического превосходства США. США всегда приветствует зарубежные инвестиции, но существуют определенные ограничения на то в какой вид бизнеса зарубежные компании могут инвестировать деньги в США. В этой статье мы рассмотри процедуру проверки транзакций по инвестированию в Американские компании или приобретению Американского бизнеса Комитетом по иностранным Инвестициям США (CFIUS).

If you are a foreign company and have loads of money to purchase a U.S. business, the U.S. has generally welcomed your foreign cash. But there are limits regarding the kinds of businesses foreign companies are allowed to acquire. This article provides an overview of The Committee on Foreign Investment in the United States (CFIUS) and its role in reviewing transactions in which a foreign company is buying an interest in a U.S. company. The number of transactions that have to comply with CIFIUS’s notice requirements has increased significantly in recent years and the trend is expected to continue.

Вторичные санкции

Monday, 26 August 2019 by

Как Американским компаниям и гражданам, так и иностранным запрещено вступать в значительные транзакции с Российскими гражданами и Российскими компаниями, находящимися под санкциями и компаниями в которых пяти десятью и более процентами, обладают лица находящиеся под санкциями. За нарушение санкций на нарушителя могут быть наложены вторичные санкции.

You are a business in the United States, and you are about to do business with a Russian company. Caution! Let’s say you find out that your erstwhile business partner is on the Specially Designated Nationals List (SDN List). Or you find out that your foreign business partner is owned by an individual or company on the SDN List. You need to consult with a sanctions attorney. This article reviews some of the options you have available to you and discusses possible consequences if you are caught violating the sanctions regime.

Секторальные санкции были введены четырьмя директивами, изданными Управлением Казначейства США по контролю за иностранными активами (OFAC). Согласно данным директивам Американским лицам запрещается проводить определенные транзакции (касающиеся займов, инвестиций и торговли) с лицами занесенными в список секторальных санкций. Несмотря на то, что эти директивы распространяются только на отдельные сектора Российской экономики они оказывают огромное негативное влияние на бизнес компаний, занесённых в список SSI.

Sanctions against Russia have put a damper on the enthusiasm of working with Russian businesses. The costs of doing business with Russia may far exceed the benefits because of a web of challenges, including navigating the sanctions regime. In this article, we discuss sanctions against “sectors” of the Russian economy. This type of sanctions applies to companies and individuals in Russia’s financial, energy, and defense sectors. Unlike blanket sanctions against individuals and companies on the Specially Designated Nationals and Blocked Persons List (SDN List), sectoral sanctions are directed at certain sectors.