Wed.Sep 22, 2021

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SPAC Sues PIPE Investors For Failing To Fund

Appraisal Rights

As reported here in Law360 [$$], Sustainable Opportunities Acquisition Corp. — a SPAC planning to mine the seafloor for metals to be used in electric vehicle batteries — has sued two potential investors for failing to fulfill their purported obligation to provide funding under a PIPE deal. The investors had signed subscription agreements committing them to fund $200 million to the SPAC but ultimately refused to do so by the stated funding deadline.

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Your Brand Image Impacts Business Value

Quantive

Brand improves the curb appeal of the business.

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3 benefits of a centralized tax data warehouse for corporate income tax

ThomsonReuters

Tax compliance — and the reporting involved in maintaining that compliance — is one of the most stressful tasks a corporate tax team must complete. In addition to filing returns for the federal government, as well as every state and locality in which it does business, a corporation may also be required to report sales and use taxes and much more. The penalties for failing to comply with any of these reporting requirements can include interest and fines, or even the loss of the organization’s abi