Business Law and Corporate Law

When a holding company injects equity capital into its subsidiary bank, does this transaction trigger Regulation W's restrictions? Understanding the distinction between an affiliate purchasing bank stock versus a bank investing in affiliate securities is critical for compliance with Section 23A requirements and avoiding unnecessary regulatory constraints on capital transactions.

When a buyer and seller agree on a purchase price, many people assume the hard part of the negotiation is over. In reality, some of the most consequential decisions in any M&A transaction are made after the headline number is set—starting with the fundamental question of deal structure.

As the medical spa industry continues to grow, regulators and investors alike are paying closer attention to how these businesses are structured and operated. While they may currently operate outside the traditional insurance reimbursement model, they remain subject to a complex web of healthcare, privacy, consumer protection and corporate practice regulations.

An older homeowner may be downsizing, moving closer to adult children, transitioning to assisted living, or leaving a home that has become difficult to maintain.

For parents of a child with a disability, estate planning involves more than asset distribution—it requires ensuring long-term care and financial security. A special needs trust can provide resources without jeopardizing eligibility for SSI and Medicaid, but proper structuring, trustee selection, and coordination with the broader estate plan are essential to protect your loved one's future.

In New Jersey, irrevocable trusts can sometimes be modified through a process called decanting, which allows trustees to transfer assets into a new trust with different terms. Understanding when decanting is available under common law, what discretion trustees must have, and what tax and fiduciary risks are involved is essential for anyone administering or benefiting from an irrevocable trust in the state.

On August 18, 2026, the Securities and Exchange Commission (the “SEC”) released its “Regulation Crypto Assets” framework aimed at providing regulatory clarity for issuers of crypto assets. If finalized in its current form, the new rules would create two exemptions from the registration requirements of Section 5 of the Securities Act of 1933 (the “Securities Act”) for offerings involving crypto assets that are “investment contracts” under the federal securities laws. The rules would also establish a conditional safe harbor under which a crypto asset that is considered a “security” under the federal securities laws because it is the subject of an investment contract would no longer be considered as such. Assets that do not qualify as “securities” are not generally subject to the SEC’s registration or disclosure requirements.

This newsletter provides a comprehensive overview of state-level regulatory and enforcement developments affecting financial services companies. Explore recent legislative changes in Illinois, New York, Maryland, and California that impact lending practices, consumer protection, and climate disclosure requirements.

U.S. Customs and Border Protection has published an Advance Notice of Proposed Rulemaking seeking industry input on dramatically expanded import disclosure requirements that could fundamentally reshape customs compliance. The proposed changes would require importers to provide foreign export documentation, enhanced supply chain participant identification, and technology-enabled traceability information.

A recent California lawsuit alleges that AI-based employee selection tools discriminated against workers on protected leave and those with disabilities during a reduction in force. The case highlights critical legal risks for employers deploying AI in high-stakes employment decisions, particularly around how AI systems handle productivity metrics for employees who are absent or working under accommodations.

In C.S. v. Brick Recycling Co., the New Jersey Appellate Division vacated a trial court decision requiring the disclosure of documents relating to an attorney-led workplace investigation into sexual harassment. In doing so, the court provided important guidance on the discoverability of documents relating to such investigations.

The D.C. Circuit's landmark decision in United States v. Navarro establishes that only the president or an authorized designee may invoke executive privilege in response to congressional subpoenas, fundamentally reshaping the obligations of current and former government officials. This comprehensive analysis examines the constitutional foundations of congressional investigative power, enforcement mechanisms ranging from criminal contempt to civil litigation, and the critical defenses available to subpoena r