Reynolds Holding

APRIL 2, 2024

Legislation proposing to amend the General Corporation Law of the State of Delaware (the “DGCL”) has been approved by the Council of the Corporation Law Section of the Delaware State Bar Association and is expected to be introduced to the Delaware General Assembly for consideration during its 2024 regular session.

Marketability 45

Marketability Compliance Finance Appraisal 45

Brian DeChesare

DECEMBER 7, 2022

For example, UBS is still quite strong in Hong Kong and greater Asia, while it has faded elsewhere; the same applies to firms like CS and HSBC. Among these firms, the top two across all products and industries are CITIC and CICC, which are effectively the “Goldman Sachs and Morgan Stanley of China.”. Bank of China (mostly DCM ).

Banking 52

Banking Equity Start-ups Finance 52

Reynolds Holding

MAY 25, 2023

Runs, when otherwise uncorrelated actors suddenly become correlated, have brought down many a financial firm over time. Financial fires at banks and nonbanks alike have led policymakers to put in place laws to prevent such fires and associated runs, as well as to help fire departments contain fires.

Banking 40

Banking Treasury Marketability Start-ups 40

Musings on Markets

JANUARY 31, 2024

The other is the implicit effect of tax laws , since taxes are based upon earnings, creating an incentive to understate earnings or even report losses, on the part of some businesses. Most financial service firms have no revenues, though they have their analogs - loans for banks, insurance premiums for insurance companies etc.

Equity 79

Equity Book Value Start-ups Corporate Finance 79

Brian DeChesare

SEPTEMBER 13, 2023

It could refinance, but it will have to accept a significantly higher interest rate on the new issuance – and it can barely afford interest at the current rates. This one is more common for distressed PE firms. But it’s more common to go from law school to investment banking and then move to a hedge fund.

Equity 96

Equity Banking EBITDA Start-ups 96

Reynolds Holding

APRIL 3, 2023

To the extent that stock market investors are socially and environmentally responsible and informed, the social and environmental impact of a publicly listed firm will be incorporated into its stock price (Barber et al., Journal of Corporation Law , forthcoming. However, this is not necessary. 2021; Bauer et al., 2018; Berg, et al.,

Finance 88

Finance Equity Marketability 88

Musings on Markets

AUGUST 15, 2023

In fact, the Fitch ratings downgrade has barely registered on the US CDS spread, in the market, indicating that investors are neither surprised nor spooked by the ratings downgrades (so far).

Risk-free Rate 80

Risk-free Rate Treasury Risk Premium Start-ups 80

Musings on Markets

SEPTEMBER 11, 2023

The music studio business, which had a dozen or more active players in the last century, has consolidated into a handful of firms, most of which are small parts of much bigger entertainment companies (Sony.

Start-ups 77

Start-ups Market Capitalization Marketability Technology 77

Reynolds Holding

OCTOBER 5, 2022

We have already seen many notable developments in securities law this year. Notably, at 110, filings in the first half of 2022 barely top 50% of the average semi-annual filing rates seen between 2017 and 2019, though this deficit is largely driven by a substantial decrease in M&A filings. The 105 total new “core” cases—i.e.,

Start-ups 72

Start-ups Marketability Equity Compliance 72

Reynolds Holding

MARCH 27, 2023

Although the number of securities lawsuits filed this year remained steady compared to 2021, we have seen many notable developments in securities law. The Supreme Court has also heard, or will hear, administrative law cases that will impact different aspects of securities litigation. 4th 616 (5th Cir.

Technology 59

Technology Start-ups Compliance Finance 59

Musings on Markets

FEBRUARY 4, 2023

Given the historical roots of the biggest Indian family groups, the Adani Group has been a recent entrant, not making the top ten list (in terms of either operating metrics like revenues or market-based numbers like market capitalization or enterprise value) as recently as ten years ago, and barely making the top ten list five or six years ago.

Start-ups 100

Start-ups Market Capitalization Marketability Equity 100

Farrel Fritz

JUNE 12, 2023

That’s where the Business Law Section of the American Bar Association’s annual LLC Institute comes in. Miller of Touro Law, the Panel first explored how the recent “Me Too” movement has made its way into disputes among owners of closely-held businesses. Consider the case of Bare v AL. Do Straka and Bare maketh a trend?

Appraisal 52

Appraisal Accounting Firms 52

Reynolds Holding

NOVEMBER 30, 2022

This debate is playing out very publicly, with politicians at the highest levels of state and federal government publicly staking out positions on ESG and the extent to which it should (or should not) be considered by asset managers; through regulation and law; and in boardrooms across the country and around the world.

Banking 85

Banking Compliance Marketability 85