Corporations that offer incentive stock options (ISOs) or maintain a tax-qualified employee stock purchase plan (ESPP) have an obligation to file returns with the Internal Revenue Service (IRS) and to deliver information statements to employees and former employees regarding the acquisition of shares under such arrangements. These filing obligations are intended to provide employees and former employees with sufficient information to enable them to calculate their tax obligations.
Given the close relationship between the United States (US) and Canada, it is common for commercial disputes with US origins to migrate north and take on cross-border dimensions. There are certain key considerations for in-house counsel to keep in mind once a dispute reaches Canada. All Canadian provinces except for Quebec follow the common law system, to which this article is limited.
Indian securities law has focused on regulating, holding accountable, and penalizing “promoters” because concentrated family-owned businesses have been the prevailing business model so far in India. This Quick Overview will explain changes made to the law and different concepts put for by a recently published consultation paper.
While the focus on Environmental, Social and Governance (ESG) issues is not new, the importance of reporting and treating ESG as a key component of your business and governance processes has increased in recent years. This article will identify what ESG means from an in-house counsel perspective and steps for developing your company’s ESG program.
Until the end of 2020, it was possible for anyone to make use of the so-called commercial register blockage pursuant to the Swiss Commercial Register Ordinance (hereinafter "CRO") to prevent an unwanted entry into the commercial register for 10 days, without going to court. With a revision to this in January 2021, this Quick Overview will explain how the rule change results in higher hurdles for temporary prevention of commercial register entries.
Boards increasingly recognize the value proposition of corporate directors who come from an in-house counsel background. The role of the general counsel (GC) today extends well beyond legal and requires an array of skills — notably business acumen and leadership. This Quick Overview discusses optimization of Board performance.
In this Quick Overview, the intricacies of the legal department’s role in organizations’ culture journeys is examined as well as why this positions general counsel (GCs) as cultural role models within organizations.
The State of New York views withholding tax audits as a substantial revenue raiser, which is why the number of audits continues to increase every year. These audits involve complex and lengthy processes, including the review of an expansive list of documents focused on the most common areas of noncompliance.
After the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, many employers utilized the Paycheck Protection Program (PPP) to obtain forgivable loans to fund certain ongoing expenses during the COVID-19 pandemic. As employers that received PPP loans begin the process of reviewing the loan forgiveness application, the checklist provides guidance on quantifying the PPP loan amount subject to forgiveness.