Tag: corporate legal news

Lifespans into the 140s predicted by centuries-old Gompertz law

Dividing changes in mortality rates between compression and postponement. credits: PLOS ONE (2023). DOI: 10.1371/journal.pone.0281752A recent paper in the journal PLOS ONE suggests that humans have yet to reach their maximum age and that there might not even be one. In the paper, “Mortality postponement and compression at older ages in human cohorts,” David Mcarthy of the Terry College of Business, University of Georgia, and his former Ph.D. student, Po-Lin Wang, currently at Muma College of Business, University of Southern Florida, use mathematical modeling of longevity trends, without reference to any biological, social or medical science to extrapolate the…Continue Reading

Client Legal Update: Judgment of the Federal Labor Court (BAG)

See below this judgment from 20 December 2022 on the merits and limitations of annual vacation entitlements. SummaryOn 20 December 2022, the German Federal Labor Court (“BAG”) ruled that the entitlement to statutory minimum vacation is only subject to the three-year year statute of limitations if the employer has (i) previously informed its employees about their specific vacation entitlements and that the vacation will lapse if they do not take it and (ii) the employee then freely decides not to take them (See judgment – 9 AZR 266/20). If the employer fails to do so, the corresponding vacation claims…Continue Reading

Witness list includes lawyers, bankers, accountants

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The trial of Alex Murdaugh began Monday, Jan. 23 and we have the latest from the Colleton County Courthouse. Murdaugh will face his first charges in a long list of criminal and civil allegations in the deaths of his wife, Maggie, and son, Paul, on June 7, 2021. These two deaths were the catalyst to the ruins of the Murdaugh dynasty and the unfolding of a much larger story. The Greenville News will be in the courtroom to give you the latest updates starting with jury selection until a final verdict is reached. Watch the Alex Murdaught trial live:Murdaugh trial…Continue Reading

Bankrupt FTX threatens legal action to claw back donations to politicians, charities

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The new leadership team of bankrupt cryptocurrency exchange FTX.com has threatened legal action against political and charitable organizations that fail to return donations they received when the exchange was led by Sam Bankman-Fried, according to a statement released Sunday. FTX requested the funds be returned by Feb. 28, claiming that they “reserve the right to commence actions before the Bankruptcy Court” if the funds are not returned by that date, with interest accruing from the date any action is commenced. Recipients of such funds were also warned that making subsequent charitable donations of the equivalent amount being sought for return…Continue Reading

Kansas City Chiefs, Philadelphia Eagles news from Arizona

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The Kansas City Chiefs and Philadelphia Eagles are preparing for Super Bowl 57 in Arizona on Sunday. Follow our updates on their preparations and the preparations for the game. Opening night has a bit of everythingKansas City wide receiver JuJu Smith-Schuster plays Pin the Tail on the Donkey while wearing a cowboy hat during Opening Night for Super Bowl 57 at the Football Printer Center on Feb. 6, 2023.There were players, coaches, media and fans at Super Bowl 57 Open Night on Monday at the Footprint Center, but there was also a whole lot more. Donna Kelce, mother…Continue Reading

Assistant Attorney General Discusses Antitrust Law Enforcement at Harvard Law School Event | News

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Assistant Attorney General Jonathan S. Kanter spoke about his work to modernize antitrust law at a Harvard Law School event on Monday. The discussion, titled “Changing Antitrust Strategy,” was hosted by the HLS Antitrust Association and moderated by HLS professor Einer R. Elhauge ’83. During the conversation, Kanter discussed his work at the Department of Justice to change the way the antitrust law was enforced, citing a system that was “out of touch” with current markets. Kanter, who was confirmed to the Justice Department’s Antitrust Division in 2021 after previously working at the Federal Trade Commission and in the private…Continue Reading

What three luxury homes reveal about who owns UK property

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Stylised graphic showing Beechwood House, Lubov Chernukhin and Alisher UsmanovOwners of around 50,000 UK properties held by foreign companies remain hidden from public view, despite new transparency laws. The Register of Overseas Entities, launched in August 2022, was meant to reveal who ultimately owns UK property. But analysis by BBC News and Transparency International found that almost half of the firms required to declare who was behind them failed to do so. Labor MP Margaret Hodge said the legislation was not “fit for purpose”. A UK government spokesperson said the register has been an “invaluable source of information for…Continue Reading

Be Reasonable: The Enforceability of Post-termination Restrictive Covenants

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The impact on working arrangements caused by the pandemic has led many workers to re-evaluate what they want from a job, with considerations such as flexible and remote working becoming both more desirable and attainable. This is affecting businesses in all sectors, and the impact it can have is not only on a business’s workforce but also on its customer base that is far reaching. One of the most important things to consider when a worker leaves a business is restrictive covenants. These are often contained in the employee’s employment contract, service agreement or, in some circumstances, a shareholders agreement.…Continue Reading