Corporate, Securities, And Governance

This article provides an overview of an important case in which the United Kingdom Privy Council (UKPC) examined the fiduciary duties of a director in a company, specifically one what had recently become insolvent. It takes a look at what a company directors fiduciary duties and obligations are when insolvency occurs.

The London Interbank Offered Rate (LIBOR) is being phased out on June 30, 2023, following allegations of manipulation. This has raised questions about what will replace LIBOR. The switch to another rate depends on the country where a company is located. While companies may still use LIBOR until June 2023, that extension is specific to the US dollar. This article discusses the transition.

This article, developed by Latham & Watkins, covers the ruling in Crest v. Padilla I and II that found that the California Corporations Code Section 301.3 (SB 826) and Assembly Bill 979 (AB 979) were in violation of the Equal Protection Clause of the California Constitution. Read the article to learn more.