Many U.S. enterprises and U.S. real estate holdings have some degree of foreign ownership. Federal law requires the filing of detailed reports on foreign ownership every five years by U.S. enterprises “in which a foreign person . . . owned or controlled, directly or indirectly, 10 percent or more of the voting securities in an incorporated U.S. business enterprise, or an equivalent interest in an unincorporated business enterprise.” 15 C.F.R. part 801.10(b). The U.S. government expects this requirement to apply
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Blog Posts: MSLaw Blog
by James C. Doub, Dwight W. Stone II on May 11, 2020
As shutdown orders expire and businesses reopen, questions arise on the possible liabilities created and the ability to mitigate them. Standards are emerging; some will be second-guessed. Previous modes of operation may continue or be rapidly changed. Trust and loyalty of customers and employees will soon be tested. Rules and recommendations will vary widely based on the nature of the business, its workspace footprints, exposure to the public and availability of necessary resources. What can be offered are not stringent
GoThe COVID-19 (the “Coronavirus”) pandemic has the potential to cause business disruptions that may make the performance of a party’s obligations under a commercial contract difficult, unprofitable or impossible. Such disruptions include the loss of employees, disruptions in supply chains, travel restrictions and other governmental restrictions. Various legal considerations implicate the rights and obligations of the parties to a commercial contract when the ability to perform is compromised by such a disruption.
To assess the legal implications of such a disruption,
Goby James C. Doub on March 12, 2020
To prevent the spread of COVID-19 (the “Coronavirus”), last night, President Trump announced a thirty (30) day travel suspension from twenty six (26) European countries to the United States. The suspension will take effect on March 13, 2020 at midnight, EST. The President’s statements acknowledged some exemptions to the suspension for certain individuals, but indicated that a “tremendous amount of trade and cargo” would be directly impacted by the suspension. However, the attached Proclamation issued in connection with the travel suspension is much
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