There is no doubt that partnerships with software vendors make fast, customer-friendly banking possible, but they also expose banks to a whole new world of risk and liability.
As of March 2019, a majority of states have legalized the use of cannabis products in some capacity, but cannabis-related businesses operating within the bounds of state law are still largely without access to basic financial services.
There has been a bloom of data analytics tools for patent practice, and some new features of these tools have profoundly enhanced patent practice. Here are five examples of how applicants and their attorneys can improve day-to-day patent strategy using the latest data analytics tools.
Occasionally, there is a legal or tax issue that continues to raise confusion even after guidance is issued that should resolve it. One of those issues relates to fundraising for youth activities.
Taxpayers looking for a way to defer and potentially reduce or exclude taxes on capital gains have their answer in a new tax incentive called a Qualified Opportunity Fund.
The number of FDIC-insured institutions in the U.S. was at 5,670 as of March 30, 2018, down from 8,534 as of December 31, 2007. Over the past five years, 1,292 institutions have been absorbed by mergers and 63 have failed. Another factor behind the reduced number of institutions, however, is the small number of de novo banks.
A merchant of goods and services that makes sales in multiple states is no longer required to have physical presence in a state in order to be subject to sales and use tax in that state.
No matter how much IP experience a person has, it can be valuable to have short, easy-to-consume reminders of the basic things a company should consider.
Karen Grandstrand has been part of the banking industry since 1982, seeing it from the vantage point of regulator, attorney and director.
A bank’s data processing agreement is typically one of its most important contracts—yet, it is frequently entered into without legal review, or without even being read.
When an older woman entered her local bank, the teller on duty immediately noticed something was wrong.
While it is estimated that counterfeiting costs the global economy more than $250 billion per year, the damage counterfeiters do to brands by offering faulty and sometimes dangerous knock-off products is immeasurable.
Although backdating can be either legitimate or improper, it is often misunderstood and associated with wrongdoing.
This week we will take a look at two more examples of commonly negotiated terms.
Citing current imbalances on the steel industry, the Mexican government increased the import duties on 97 customs tariff classification codes of iron and steel products by 15 percent.
What goes on when crafting an acquisition agreement to purchase a company?
Community banks require a consistent flow of incoming capital for growth and success in the market. One flexible and effective method bank holding companies can use to raise capital is a stock or capital notes offering.
When it comes to trees, Minnesota law allows neighbors to take the law into their own hands under the right circumstances.
When we normally think of the term “decanting,” we think of it applying to wine. When one decants a bottle of wine, the wine is poured from the bottle into a decanter where the wine is exposed to air which allows it to “breathe.” Now when this term is used, it can also be applied to trusts in Minnesota.
In 2016, the Department of Labor issued its final “conflicts of interest” rule, which broadens the definition of “fiduciary” and the scope of investment advice under the Employee Retirement Income Security Act of 1974, as amended.
Courts are starting to recognize that “texting has become the preferred means of communication.”
The short answer is “yes.” Whether you are inspired by this year’s U.S. presidential debates or otherwise to host your own debate, a 501(c)(3) can engage in various election-related activities, so long as the 501(c)(3) follows certain rules so as not to jeopardize its tax-exempt status.
Whether you are looking to buy a bank or thinking about selling, there are some considerations to keep in mind in order to accomplish your goal—get the best price. This brief guidance is for buyers hoping not to overpay for a bank, as well as for sellers trying to sell their bank for the highest price.
The U.S. government has recently announced an expanded program that provides many foreign STEM graduates with an extended employment period.
The regulatory compliance obligations of banks continue to grow, and with them come increased expectations from regulators regarding the role of bank directors in overseeing how their banks meet those obligations.
I recently tried googling to see what percentage of parents with minor children have wills. If you don’t have a will, I have some good news and some bad news for you. Good news – you are not alone. More than half of parents with minor children don’t have wills.
Ongoing restrictions placed on the payment of BHC dividends and the redemption of BHC stock after enforcement actions are lifted.
The North Dakota Supreme Court issued its decision on July 15, 2015.
What goes on when crafting an acquisition agreement to purchase a company? Or to say it differently, why do lawyers insist on one phrase or word over another? “Legalese” has its place.
It’s an unfortunate fact of modern life—hacks happen. And they will continue to happen.
On Thursday, December 11, 2014, the National Labor Relations Board (NLRB) overturned existing precedent in a decision that contains important implications as to how employers draft and implement their electronic communications policies.
This article describes the recent sanctions imposed by the Council of the European Union and explain how European biofuels companies can determine whether these sanctions affect their business dealings.
The U.S. federal government has recently imposed sanctions against Russian individuals and companies in response to Russia’s military action in Ukraine. This article will describe these sanctions.
Bank acquisitions and the number of banks for sale have shown an uptick in activity in the first half of 2014. The twin pressures of succession planning and increased regulatory burdens have caused many bank owners to consider selling their banks.
Increasingly shareholders, other stakeholders and regulators are seeking greater board turnover and diversity in board composition as the tenure of directors, age limits and term limits increase. Unquestionably, board performance begins with board composition, the character, integrity, competence and skills of those who comprise the corporation’s governing body.
All maquiladoras must be in full compliance with the new requirements by July 1, 2014.
On December 26, 2013, the president of Mexico published a decree granting tax incentives to the maquiladora industry. Read more for a summary of important aspects of the decree.
Everyone who has followed events in Brazil over the years has heard year after year that the country was on the verge of emerging as an international economic powerhouse. While it took a while for Brazil to finally emerge, it is certainly the case today that it has arrived, and U.S. manufacturers looking for new markets can no longer have serious aspirations in Latin America without having a Brazil strategy.
In 1989, the Minnesota Court of Appeals issued its decision in Rowell v. Board of Adjustment of Moorhead. In this decision, the Court of Appeals adopted an interpretation of Minnesota’s municipal variance statute that provided a flexible, owner-friendly standard for cities to use when evaluating variance applications. Following the Rowell decision, business was good for those applying for variances. While not every variance was granted under the standard adopted in Rowell, the standard was sufficiently lenient that variances became a tool that owners and developers routinely used to obtain approvals for their projects and developments.
