Business Law and Corporate Law

The Financial Industry Regulatory Authority (FINRA) has proposed sweeping changes to Rule 2210 that would eliminate the long-standing requirement for principal pre-use approval of retail communications, replacing it with a flexible risk-based supervisory framework. The proposal addresses modern communication challenges including social media, AI-generated content, and influencer marketing while attempting to align broker-dealer standards more closely with SEC investment adviser rules. Member firms would nee

Under SEC-Chairman Paul Atkins, the Securities and Exchange Commission has proposed a new set of rules that would permit electronic delivery as the default method of delivery for all required disclosures under the federal securities laws. [1] If adopted, this would mark a foundational and very welcome shift in how registered investment advisers, investment companies, business development companies, broker-dealers, transfer agents, and other regulated entities may deliver required disclosures to investors, clients, and other market participants.

The SEC has issued guidance on how federal securities laws apply to crypto vaults and onchain lending strategies, emphasizing that moving activities onchain does not exempt them from regulatory oversight. Market participants must carefully analyze vault structures, lending protocols, and management functions to determine whether they trigger investment contract, investment company, or investment adviser requirements.

The cannabis capital market has shifted from growth-focused narratives to performance-driven investment criteria. Investors now demand financial clarity, operational discipline, and credible paths to profitability before committing capital. Understanding what today's investors prioritize can help cannabis companies bridge the gap between their current positioning and market expectations.

Navigating the complex landscape of US federal income tax rules is crucial for investors and sponsors in private equity, venture capital, and hedge funds. Understanding how different investor categories—from US taxable entities to foreign pension funds—face distinct tax sensitivities can significantly impact investment returns and structural decisions when forming or investing in funds.

The One Big Beautiful Bill Act has fundamentally transformed Section 1202's qualified small business stock (QSBS) tax benefits, introducing tiered holding periods that allow partial capital gains exclusions...

Florida has significantly expanded its regulatory framework governing charitable organizations, introducing new restrictions on solicitations from foreign terrorist organizations and material support to domestic terrorist organizations. These changes create heightened compliance obligations for nonprofits operating in or soliciting contributions from Florida residents, requiring enhanced due diligence procedures and careful vetting of both donors and grant recipients.

Explore how intentional philanthropy can transform charitable giving from reactive donations into a strategic, values-driven approach that creates lasting impact. Joshua Chadajo, Founder of JEC Philanthropy...

The U.S. Department of the Treasury announced a major transparency initiative on April 23, 2026, that could lead to expanded reporting requirements for tax-exempt organizations.

North Carolina Governor Josh Stein signed House Bill 517 into law, introducing significant changes to the North Carolina Nonprofit Corporations Act that directly impact homeowners associations and condominium associations across the state.

On July 21, the California Air Resources Board (“CARB”) held a public workshop to provide updates on the implementation of SB 253, the Climate Corporate Data Accountability Act, which requires U.S.-based entities doing business in California with more than $1 billion in annual revenue to disclose their Scope 1, 2 and 3 greenhouse gas (“GHG”) emissions. During the workshop, CARB introduced a revised reporting deadline, a phased-in approach to Scope 3 reporting, changes to the treatment of insurance companies, and proposed assurance requirements that would apply from 2027 and beyond.

The Delaware Court of Chancery has issued its first interpretation of the 2025 amendments to Section 144 of the Delaware General Corporation Law, establishing how courts will evaluate director independence challenges under the statute's new heightened presumption framework. What standard must plaintiffs now meet to overcome the presumption that directors of publicly traded companies are disinterested, and how does this reshape the landscape for derivative litigation?