Monthly Archives: March 2015

THOMAS S. FITZPATRICK AND GARY S. MATSKO TO SERVE ON MCLE 14TH ANNUAL NEW ENGLAND BUSINESS LITIGATION CONFERENCE

On March 27, Davis Malm shareholders Thomas S. Fitzpatrick and Gary S. Matsko will respectively co-chair and serve on the faculty of the 14th annual “Business Litigation 2015” conference hosted by Massachusetts Continuing Legal Education. Mr. Fitzpatrick, along with co-chair Michael F. Connolly, will serve as the conference moderator.

Mr. Masko will serve on the “Navigating the Tricky Terrain of Closely Held Entity Owners’ Disputes” panel, which will address the interaction between fiduciary obligations and contract principals in the closely held entity setting. Mr. Matsko and the other panelists will discuss a variety of issues including the uncertain protection afforded the majority by entity formation documents and contracts, the unclear lines between fiduciary and contractual obligations that arise from the Blank-Chokel-Merriam line of cases, the impact of the recently-decided Selmark Associates, Inc. v. Ehrlich case, the peculiar privilege and conflict concerns that arise, and the advantages of looking to the laws of other jurisdictions when selecting a state of formation.

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Cyber Risk Insights Conference – Live Cyber Incident Simulation Exercise (James Giszczak)

Live Cyber Incident Simulation Exercise — 4:15 pm to 5:00 pm

The military does it, MI5 does it – increasingly corporations are doing it… Cyber war games are becoming a crucial part of testing your company’s responsiveness and resilience in the face of a ‘live’ cyber event.

Advisen will conduct a cyber-incident simulation exercise that features a select team of experts – representing the various stakeholders in a real event – who will work through a mock cyber incident in real time. On March 3, the observation team will critique the handling of the incident by our experts and share some best practices and key takeaways with our conference audience.

  • Jim Giszczak, Member, McDonald Hopkins
  • Garrett Koehn, President Northwestern US, Regional Director, CRC Insurance Group
  • Randy Krause, President & CEO, ePlace Solutions
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Data Privacy and Cybersecurity Alert: Decoding the new payment card security standard

It’s been a little over a year since the latest version of the Payment Card Industry Data Security Standard (PCI DSS) was released. Given the proliferation and severity of data breaches in the last year, the newly released standards will hopefully help mitigate risk of financial fraud when using credit cards. January 1, 2015, was the mandatory deadline for compliance with PCI DSS Version 3.0. This alert summarizes what businesses, including merchants, subject to PCI DSS Version 3.0 need to know.

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Vildledende markedsføring kostede 120.000 kr.

Abonnementsfælder

Selskabet bag hjemmesiden radioplanets.com, EMG Service ApS, udbød i 2012 tre kampagner, som har vist sig at være i strid med Markedsføringslovens forbud mod vildledning.

Formålet med kampagnerne, som var tilgængelige på internettet fra maj 2012 til december 2012, var at sælge VIP-abonnementer til radioplanets.com. Kampagnerne var rettet mod forbrugere, og de var udformet som konkurrencer, hvor forbrugerne kunne vinde et rejsegavekort, en iPhone eller en valgfri præmie, hvis blot de indtastede navn og kontaktoplysninger som led i deltagelsen i konkurrencen.

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ILN Today Post

Kochański Zięba Rapala & Partners win a case for Ringier Axel Springer against Roman Giertych (a former Polish Deputy Prime Minister)

Rafal Zieba_portret wwwOn 27 February 2015 the Court of Appeal in Warsaw dismissed an appeal filed by Roman Giertych in its entirety for a case brought against Ringier Axel Springer Polska – the publisher of Fakt, Newsweek and Forbes, amongst others.

The Court of Appeal examined the case after the Supreme Court returned the case back to its jurisdiction following a cassation appeal by Roman Giertych to the Court of Appeal’s original decision of 11 October 2012, in an effort to have the original decision overturned.

Anna Cichonska_portretRoman Giertych brought a legal action against Ringier Axel Springer Polska for comments made by Internet users which breached his personal interests, and were published on fakt.pl, under the article entitled: “Giertych wishes to take back immunity from Kaczyński”. Roman Giertych took the position that a publisher of an Internet portal is responsible for violation of personal interests by Internet users based on general principles arising out of the Polish Civil Code as well as Press Law. Roman Giertych claimed as follows: removal of the comments made by the Internet users, a publication of apologies on fakt.pl, interia.pl and onet.pl respectively, as well as compensation amounting to PLN 8,000.  More…

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ILN Today Post

New Bond Act

The Act of 15 January 2015 on Bonds will enter into force with effect from 1 July 2015 (“The new Bond Act”). The hitherto Act of 29 June 1995 will lose its effect. The most important changes in relation to the existing regulations include:
→ extending the circle of entities that can issue bonds;
→ introducing a new type of bonds – i.e. perpetual bonds;
→ introducing the legal basis for establishing bondholders’ meetings. More…

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ILN Today Post

ASIC updates hardship class order

A new ASIC class order (15/130) has been made, extending an exemption which relieves a credit provider from complying with section 73 of the National Credit Code (NCC) in relation to a hardship variation, provided that the variation is a ‘simple arrangement’.

The exemption will remain in place until 1 March 2016. Further industry consultation about whether the exemption should be made permanent is expected.

The concept of a simple arrangement was introduced by ASIC class order 14/41. A simple arrangement means “…an agreement that defers or reduces the obligations of a debtor for a period of no more than 90 days.” More…

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ROBERT J. GALVIN QUOTED IN NOTED CONDOMINIUM RESOURCE HOALEADER.COM

avis Malm shareholder Robert J. Galvin was recently quoted in the noted online condominium resource HOALeader.com. Mr. Galvin offered insight on Can Owners and Their Renters Use Your Amenities?

For more information about HOA Leader, please visit: www.hoaleader.com.

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Pengetanksreglen og leasede aktiver

Siden 2000 har der i forskellige skattebestemmelser været en regel om, at visse virksomheder ikke kunne bruge visse skatteregler, hvis den pågældende virksomhed havde karakter af at være en ”pengetank” eller også benævnt som ”passiv virksomhed”. Disse regler, der ikke kan anvendes, er f.eks. muligheden for at indskyde midler på en ophørspension, muligheden for at overdrage aktier med succession i et selskab, der er passivt m.v.

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Værdiansættelse af bil ved salg fra selskab til hovedaktionær

LANDSRETSDOM

Samhandel mellem en hovedaktionær og et selskab skal ske på markedsmæssige vilkår, såkaldte armslængdevilkår. Det betyder også, at handel med forskellige aktiver skal værdiansættes til den pris, som en uafhængig tredjemand ville betale for det pågældende aktiv.

En række aktiver er lette at værdiansætte, mens andre aktiver volder væsentlige udfordringer. En af de aktivtyper, der handles ofte, er biler. Østre Landsret har haft lejlighed til at tage stilling til en sådan sag ved dom af 8. maj 2014.

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