Business Law and Corporate Law

Given recent amendments to relevant key states’ corporate laws, there has been an uptick in companies seeking to move their corporate home from Delaware to other states, including Texas – the so-called “DExit” decision. In 2025, 18 companies proposed reincorporating out of Delaware, with 13 seeking to move to Nevada and two looking to move to Texas.

The SEC has proposed Regulation E-Delivery, a comprehensive framework that would allow entities to satisfy federal securities law delivery requirements through electronic means without obtaining prior affirmative consent from recipients. This proposal addresses decades of experience with electronic media, advances in communication technologies, and stakeholder preferences, while establishing conditions for e-delivery of information to investors, security holders, and other covered recipients.

Explore the latest insights on cybersecurity threats, construction joint ventures, banking M&A trends, data center infrastructure challenges, and healthcare policy changes. Discover how sophisticated malware campaigns are targeting crypto users, what construction JVs can learn from corporate governance, and how Operation TrialBlazer aims to reform clinical trials in America.

Something labeled “defective” usually does not work properly. The intentionally “defective” grantor trust, or “IDGT,” however, is a proven workhorse for tax-efficient business succession planning. A carefully planned and executed IDGT transaction enables business owners to transfer significant value in trust for the benefit of younger generations, with remarkable tax efficiency, while retaining control over the business. Two seemingly contradictory tax attributes of the IDGT underlie its tax efficiency.

Although IRS enforcement efforts have evolved, estate and gift tax examinations remain an area of focus, particularly for high value estates and sophisticated wealth transfer transactions.

The U.S. Treasury issued final regulations on July 9, 2026, modernizing the requirements for qualified domestic trusts (QDOTs) under Internal Revenue Code Section 2056A. These updated rules introduce new procedures, filing requirements, and security arrangements that estates must follow when a deceased spouse leaves behind a non-U.S. citizen surviving spouse, fundamentally changing how international couples navigate estate tax planning.

Global regulatory developments are reshaping the cryptocurrency landscape as lawmakers debate market clarity legislation, state attorneys general push for stronger consumer protections, and international forums coordinate digital asset policy. Meanwhile, enforcement actions against major exchanges highlight ongoing compliance challenges in the rapidly evolving digital asset ecosystem.

The SEC's 45th Annual Small Business Forum has produced 16 concrete recommendations for capital formation reform, and for the first time, the Commission's responses map directly to active rulemaking proposals, staff initiatives, and legislation already moving through Congress. From accredited investor examinations to Form S-3 eligibility reform, the regulatory infrastructure for small business capital raising is being rebuilt in real time.

The Securities and Exchange Commission has temporarily suspended its approval of Nasdaq's new $5 million Market Value of Listed Securities (MVLS) continued listing requirement following notices of intention to petition for review. While the rule is currently not in effect, the SEC could lift the stay at any time, leaving microcap companies in a state of uncertainty about potential immediate delisting actions.

HMRC has extended its Structured Risk Review process to charities, introducing comprehensive scrutiny across all operational aspects including governance, fundraising, and subsidiary relationships. The review process involves extensive documentation requests and can result in penalties up to 100% of tax liability for identified errors. Charities must maintain robust tax compliance and governance practices as the SRR cannot be adequately prepared for at short notice.

The Iowa Supreme Court's landmark decision in In re Ezra L. Totton Scholarship addresses whether universities can modify race-based donor-restricted scholarships in response to changing legal landscapes following Students for Fair Admissions v. Harvard. The case examines the tension between institutional risk management and honoring donor intent when scholarship criteria include protected characteristics like race or gender. This ruling establishes important precedent for how educational institutions must b

Hawaii has revised its charitable solicitation laws to regulate Charitable Fundraising Platforms, creating new compliance requirements for organizations that facilitate charitable giving online. The amendments address inconsistencies in the original legislation and extend the effective date to July 1, 2026, while introducing specific registration, disclosure, and operational requirements for platforms conducting charitable solicitations in the state.