Legal Updates

Konkurs som inkassomiddel

Den sædvanlige inkassoproces består af en eller flere inkassorykkere, evt. efter en eller flere udenret-lige rykkere, og med efterfølgende fremsættelse af betalingspåkrav, såfremt betaling ikke sker frivil-ligt. Efter erhvervelse af dom for kreditors fordring, overgives sagen til fogedretten med henblik på tvangsinddrivelse af det skyldige beløb. Denne proces kan have en varighed fra ganske få dage/uger op til adskillige måneder. I denne artikel vurderes det, om man som kreditor kan ”skyde genvej” ved at bruge konkursinstituttet som inkassomiddel. Det konkluderes, at den mulighed i hvert fald i nogle til-fælde er tilstede.

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Nye og bedre muligheder for tildeling af medarbejderaktier

Den 12. november 2017 indgik regeringen (Venstre, Liberal Alliance og Det Konservative Folkeparti), Dansk Folkeparti og Radikale Venstre aftale om Erhvervs- og iværksætterinitiativer. Aftalen har blandt andet til formål, at forbedre vilkårene for tildeling af medarbejderaktier.

På baggrund af den kortfattede aftale indgået mellem parterne kan følgende foreløbig udledes: 

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Mines and minerals – what goes on beneath the surface…

Background

It is not unusual to see an exception for mines and minerals on a title register for a property. This exception means that any mines and minerals lying underneath the property are not included in the registered title and, as such, the property.

If you are told that this is the case for your property, your solicitors should undertake a Land Registry SIM search to find out if these mines and minerals are registered under a separate title. The search result will show if there is a separate freehold title showing the proprietor of the subterranean property.

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Massachusetts Department of Public Health Releases Guidance to Registered Marijuana Dispensaries on Nonprofit Conversion

Earlier this month, the Massachusetts Department of Public Health (DPH) provided an avenue to enable for-profit entities to operate Registered Marijuana Dispensaries (RMDs). The DPH’s Medical Use of Marijuana Program released guidance (found here) for nonprofit entities to convert to for-profit Massachusetts corporate entities. This applies to nonprofit entities holding, as of July 1, 2017, provisional or final certification of registration to dispense medical use marijuana, or any application pending before the DPH which has not received provisional or final certification of registration. Prior to the legislation enacted in July under Chapter 55 of the Acts of 2017, Massachusetts law required RMDs to organize as nonprofit entities.

Nonprofit entities considering the conversion process to for-profit entities should consider potential employment, benefits, tax, and operational consequences that may affect the
converting nonprofit entity as well as individuals or other entities associated with the nonprofit.
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Circolare informativa. Credito di imposta in favore di imprese e professionisti per gli investimenti pubblicitari.

Circolare informativa. Credito di imposta in favore di imprese e professionisti per gli investimenti pubblicitari.
Autore: Simone Maria d’Arcangelo Il D. Legge n. 50/2017 ha introdotto una interessante agevolazione fiscale,…
Simone Maria d’Arcangelo

I beneficiari di tale disposizione agevolativa sono

  • le imprese;
  • i lavoratori autonomi;

che effettuano investimenti in campagne pubblicitarie su stampa quotidiana e periodica anche on line, emittenti televisive, emittenti radiofoniche locali, analogiche o digitali.

Il credito d’imposta è concesso in proporzione al valore incrementale della spesa sostenuta per le campagne pubblicitarie; ciò significa che possono fruire della agevolazione solo gli investimenti che superino, di almeno l’1%1, gli analoghi investimenti effettuati sugli stessi mezzi di informazione nell’anno precedente.

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Get Ready to Respond to IRS Letter 226J: Employer Shared Responsibility Payment Assessments

Our colleague , a Member of the Firm at Epstein Becker Green, has a post on the Technology Employment Law blog that will be of interest to many of our readers in the health care industry: “Get Ready to Respond to IRS Letter 226J: Employer Shared Responsibility Payment Assessments.”

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Compensation Agreements with Employees of Subsidiaries of Listed Indian Entities Within the Ambit of SEBI Listing Regulations

Earlier this year, the Securities and Exchange Board of India (“SEBI”) amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), to structure the unregulated compensation and profit sharing arrangements/agreements between shareholders/third parties with the employees, including the key managerial personnel, directors and promoters of listed investee companies (“Regulation 26(6)”). These arrangements were widely used by private equity investors to not only incentivize the promoters/key employees/directors but to accelerate the growth of the company and its consequent valuation to benefit the investors and other shareholders at large. But, from SEBI’s view point, these arrangements were a breeding ground for corporate governance issues and unfair trade practices. We have in our earlier article1, discussed the implications of the above SEBI amendment. While the Listing Regulations were amended to incorporate Regulation 26(6) vide its notification dated January 4, 2017, certain ambiguities related to interpretation of the Regulation 26(6) persist.

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Proposed Federal Bill Would Pre-Empt State and Local Paid Sick Leave Laws

On November 2, 2017, three Republican Representatives, Mimi Walters (R-CA), Elise Stefanik (R-NY), and Cathy McMorris Rodgers (R-WA), introduced a federal paid leave bill that would give employers the option of providing their employees a minimum number of paid leave hours per year and instituting a flexible workplace arrangement. The bill would amend the Employee Retirement Income Security Act (“ERISA”) and use the statute’s existing pre-emption mechanism to offer employers a safe harbor from the hodgepodge of state and local paid sick leave laws. Currently eight states and more than 30 local jurisdictions have passed paid sick leave laws.

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Informal wills – don’t risk it

A recent trend in Victorian Supreme Court decisions has highlighted the importance of seeking legal assistance when preparing a Will.

In order for a Will to be valid in Victoria, it must meet certain formal requirements. These requirements exist to ensure that the Will expresses the testator’s true testamentary wishes and are not the result of fraud, undue influence or the testator’s impaired capacity.

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Proposed Rules Open for Public Comment: NYC Fair Workweek Law

The New York City Department of Consumer Affairs (“DCA”) has issued proposed rules  for the implementation of the Fair Workweek Law. The law establishes scheduling practices for fast food and retail workers in New York City and is set to go into effect on November 26, 2017.

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