Business Law and Corporate Law

On June 26, 2026, the U.S. Court of Appeals for the Second Circuit issued a decision affirming the dismissal of a securities fraud complaint for failing to adequately allege loss causation where the stock price increased upon the corrective disclosure and did not decline for a few days thereafter in the face of a broader market decline

Federal digital asset policy has accelerated dramatically since President Trump's January 2025 executive order, with Congress passing the first stablecoin law and regulatory agencies opening numerous rulemakings. Yet the industry's most critical legislation—the Digital Asset Market Clarity Act—remains stalled in the Senate, creating a complex landscape where regulatory momentum advances without legislative certainty, presenting both compliance challenges and strategic opportunities for financial

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.

Estate planning has evolved beyond traditional assets like real estate and brokerage accounts to encompass a new frontier: digital assets including cryptocurrency wallets, NFT collections, and social media accounts. Without proper planning, these valuable online holdings may become permanently inaccessible or subject to costly litigation, leaving fiduciaries struggling to navigate complex legal frameworks that govern access but not ownership.

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.

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.

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.