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...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...’s takeover of US Steel (FT) Deutsche Bank cuts cash bonuses by up to 50% over Postbank IT fiasco (FT) Will Douglas IPO be a dog or a darling?...
...Nomura within days of the bank’s collapse....
...According to the 2023 Direct to Consumer Wine Survey by the Silicon Valley Bank, the average cost of a “reserve tasting” in Napa Valley was $128....
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
...Michela Tindera So Delaware’s court system is fast and effective. But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...Then, a mere 10 hours before the bankruptcy filing, a company lawyer changed the address of the shell corporation to a post office box in Houston....
...In particular, Wall Street banks and investment firms have migrated to Texas, making it a surprising finance hub....
...When I was a foreign correspondent, the obscene amounts of money in the US political system vied only with our lax gun control laws as the thing that most baffled foreigners about America — and the things...
...Miller, however, said his case had been boosted by a decision last week in the Delaware Court of Chancery involving the investment bank Moelis & Co....
...One may doubt the diplomatic wisdom of the decision of the chair of the US Federal Deposit Insurance Corporation to criticise the Swiss government’s handling of the Credit Suisse failure (Report, April 11...
...The bulk of Russian central bank assets — roughly €190bn — is held at Euroclear, a central securities depository based in Belgium....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
...Musk vs Delaware The small US state of Delaware has long been the refuge of large corporations seeking predictable courts....
...The board of the International Finance Corporation is meeting on Thursday under growing pressure to pay compensation to alleged victims of child sexual abuse in a network of schools in Kenya operated by...
...I am reading in the FT that Martin Gruenberg, chair of the US financial regulator, the Federal Deposit Insurance Corporation, has criticised the rescue of Credit Suisse (“Credit Suisse rescue deal was unhelpful...
...EP’s working with JPMorgan Chase, Citigroup and BNP Paribas, while Royal Mail’s owner is working with Goldman Sachs, Bank of America and Barclays....
...In the early postwar decades, America’s large multi-divisional corporations, of which General Motors was the best-known example, were seen in Europe as the model for how big business should be run....
...buy $1bn in office loans from different banks at varying discounts....
...The Biden administration will target billionaires and corporate America with sweeping tax rises as part of a plan to cut the US’s record national debt and boost the president in the polls ahead of November...
...Perhaps lowering the overall tax cut could be clever if the economy crashes, the Bank of England hits the lower bound of interest rates and the government needs something to encourage people to spend....
...The number of US banks at risk of failing rose 18 per cent in the final three months of 2023, to 52, according to data from a federal banking regulator....
...On X, the social media platform that a Delaware court basically compelled him to buy for $44bn in 2022, the billionaire wrote: “Never incorporate your company in the state of Delaware.”...
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