United States: Corporate/Commercial Law

At Walkup Law, community involvement includes helping shape the future of the legal profession. Shareholder Khaldoun Baghdadi is actively involved with Just The Beginning – A Pipeline Organization(JTB), a nonprofit dedicated to introducing students to legal careers through mentorship, education, and hands-on learning opportunities.

The Texas Business Court's July 2026 decision in Jeremiah Counsel Corporation v. Ben Young examines how courts navigate the tension between church autonomy principles and statutory corporate governance requirements when religious organizations incorporate under Texas law. This case explores whether Second Baptist Church of Houston properly amended its governing documents to eliminate member voting rights and what remedies, if any, are available to dissenting members under the Texas Business Organizations Co

Tax-exempt nonprofit organizations face complex rules governing their political and public policy activities, but these restrictions are often narrower than commonly believed. Understanding the distinction between permissible education and advocacy versus prohibited campaign intervention is crucial for nonprofits seeking to participate in public discourse while maintaining their tax-exempt status.

As digital assets become as critical as physical infrastructure in the energy sector, cyber vulnerabilities are escalating with nation-state actors targeting industrial control systems through increasingly sophisticated attacks. Investors and financiers are now embedding dedicated cybersecurity advisors into deal teams and restructuring projects to isolate cyber-exposed assets.

Bringing clarity, consistency, and financial discipline to one of the most negotiated elements of a transaction. Mergers and acquisitions are built around agreed expectations. A buyer agrees to pay a particular price based on its understanding of the business being acquired, while the seller expects to deliver that business under an agreed set of financial and operational conditions. Working capital is naturally an important part of that equation.

State legislatures are rapidly expanding oversight of health care transactions, with eight states enacting new laws targeting private equity involvement, MSO arrangements, and REIT transactions. These regulations introduce complex notice requirements, approval processes, and corporate practice restrictions that fundamentally alter how health care deals must be structured and timed.

The U.S. Court of Appeals for the D.C. Circuit has upheld EPA's designation of PFOA and PFOS as hazardous substances under CERCLA, rejecting industry challenges to the 2024 rule. This decision increases potential liability exposure for companies that manufactured, used, or handled these widely distributed PFAS chemicals.

California's COMPETE Act is advancing through the state legislature, poised to dramatically reshape antitrust enforcement by extending the Cartwright Act to cover single-firm monopolization conduct similar to federal Sherman Act claims. The bill introduces reduced evidentiary burdens and eliminates private enforcement, raising questions about how businesses operating in California's trillion-dollar economy should prepare for potential liability under this expanded regulatory framework.

Under Regulation W, determining whether a company qualifies as an affiliate of a member bank hinges on direct control relationships with the bank itself, not merely control of the bank's subsidiaries. This distinction carries significant compliance implications, as misidentification can either unnecessarily restrict business activities or lead to regulatory violations...

California is going through a record-breaking venture capital surge, fueled mostly by the rapid expansion of artificial intelligence. Companies based in the state have attracted approximately $366 billion in venture capital since the beginning of 2026, nearly twice California’s previous annual record and more than three times the amount raised by companies in the other 49 states combined, according to PitchBook data reported by The Wall Street Journal.

CF Private Equity President and CEO Mark Hoeing discusses how persistence of returns, disciplined manager selection, and rigorous diligence define success in today's private markets. He shares insights on continuation vehicles, the power law dynamics driving venture capital returns, and identifies founder-owned businesses and AI infrastructure as key sources of future growth.

In this episode of Private Market Talks, CF Private Equity President and CEO Mark Hoeing joins partner Howard Beber to explain how persistence of returns, disciplined manager selection, and rigorous diligence define success in today's market.