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Sullivan & Cromwell Discusses Supreme Court Decision on Pennsylvania’s Consent-to-Jurisdiction Law

Reynolds Holding

Norfolk Southern Railway Co. 3] A Pennsylvania statute, however, requires out-of-state companies that register to do business in Pennsylvania to consent to the Commonwealth’s exercise of general personal jurisdiction. Gold Issue Mining & Milling Co. , [6] a 1917 decision that upheld a Missouri law similar to Pennsylvania’s. [7]

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Mistakes Rookie Internal Auditors Make and How to Fix Them

Internal Audit 360

Internal auditors are, of course, no different. Clearing comments left by our bosses, examining last year’s work to build a foundation for this year’s agenda, and taking required professional development courses makes the metamorphosis from beginner to experienced internal auditor an unusually fast life cycle. Keep reading!

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Achieving Your M&A Business Case Results -- Despite Today's Headwinds

M&A Leadership Council

Participants were: Mark Herndon , Chairman of the M&A Leadership Council Jim Jeffries , Co-Founder of the M&A Leadership Council in 2010 John Bender , President of M&A Partners, and key presenting M&A practitioner at the Collaborative Forum Q: How would you summarize what you are currently hearing from acquirers?

Finance 52
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Equitable Standing in Shareholder Derivative Suit Bows to the Contemporaneous Ownership Rule

Farrel Fritz

through his wholly-owned company, Chelsey Capital, LLC. At least in New York, and I suspect in most jurisdictions, equitable standing is not a frequently litigated issue in shareholder derivative actions or other types of disputes among co-owners of closely held entities. Background. Footnotes omitted.].

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Invisible, yet Invaluable: Valuing Intangibles in the Birkenstock IPO!

Musings on Markets

The resulting debate among accountants about how to bring intangibles on to the books has spilled over into valuation practice, and many appraisers and analysts are wrongly, in my view, letting the accounting debate affect how they value companies.

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UBS and Credit Suisse: The Next Shoe to Drop in the Financial Crisis of 2023?

Brian DeChesare

Do Not Use Customer Deposits for Funding – Some financial institutions operate like this, but it’s much more expensive, so they need to make riskier loans and investments to profit (think: mortgage REITs and business development companies). Klein & Co. OK, But What Was the Catalyst for the Run on Credit Suisse?

Banking 89
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Wachtell Discusses the U.S. Supreme Court’s Business Docket for the October Term 2022

Reynolds Holding

While Axon was a limited, procedural ruling insofar as it did not opine on the underlying merits of any constitutional challenge, the decision affords companies—including merger parties—facing adverse action in the setting of in- house agency forums the opportunity to press constitutional claims at an early stage in a neutral Article III court.

Banking 40