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...Shah will appear before MPs on the Culture, Media and Sport Select Committee for pre-appointment scrutiny next week....
...But Elliott insiders note that the address in question — 1209 North Orange Street in the US state of Delaware — is home to the Corporation Trust Center, where more than 250,000 companies are registered....
...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....
...“The affairs of Delaware corporations, however, must be managed by Boards of Directors, not backroom deals,” said the lawsuit, saying non-Elliott shareholders never got the opportunity to approve the features...
...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....
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
...Shares of aluminium producer Alcoa fell 5.4 per cent after it made a $2.2bn offer to acquire Australian mining corporation Alumina Limited....
...Harvard has unveiled a diverse list of eight official candidates from academia and the cultural, medical and legal fields for its board of Overseers, who will compete for alumni support against four rival...
...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....
...Samir Shah, the proposed chair of the BBC, has called for a review of the corporation’s editorial guidelines in the wake of the controversy over its refusal to refer to Hamas as a terrorist group....
...Musk vs Delaware The small US state of Delaware has long been the refuge of large corporations seeking predictable courts....
...They are seeking to speed up proceedings as TMTG moves towards a stock market listing through a merger with blank-cheque company Digital World Acquisition Corporation....
...The MPs said the watchdog’s probe should be extended to the development corporation and combined authority overseeing the scheme locally, both of which are chaired by Houchen....
...On Friday, the House of Commons business select committee backed the call for a renegotiation and said the National Audit Office, the public spending watchdog, should be brought in to investigate....
...The three other legislative bills aim to “end tax breaks for Chinese equities, restrict sanctioned Chinese companies’ access to US capital markets, increase transparency on risks to American corporations...
...If you doubt this I urge you to read a law journal article by corporate governance luminary, Leo Strine, the former chief justice of the Delaware Supreme Court....
...But the bank said that “at first” it would apply those changes only to marketable debt issued by non-financial corporations. Reclaim Finance points out that this could be a big loophole....
...A sharp decline in platinum group metal prices, used in everything from medical equipment to diesel car exhausts, has contributed to a 45 per cent fall in Amplats’ shares in the past year, with rising costs...
...Judge Colm Connolly in Delaware has yet to rule on the motion. Jankowicz is seeking damages in an amount to be determined at trial....
...They need the rights that go with that and one of those is the right to select their investment strategy.”...
...spy on corporations....
...UniCredit to return €8.6bn to shareholders (FT) Private equity buys majority stake in US accounting firm Baker Tilly (FT) ADM’s accounting procedures probed by US prosecutors (FT) Can Elon Musk derail Delaware...
...As part of efforts to cut costs, the government stripped HS2 of responsibility last year for rebuilding London’s HS2 terminus at Euston and paused work on the station while it set up a development corporation...
...Instead, inflation came in strong in services categories that have looked persistently hot for a while: shelter, medical care and auto services....
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