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Monthly Archives

October 2014

Business Corporate Law
Oct 21 2014
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2014 Changes to Delaware Corporate Law

Posted by Posted in Corporate Governance / M&A / Exits
Earlier this year, several significant amendments to the Delaware General Corporation Law (the DGCL) were approved. These amendments went into effect on August 1, 2014, as described below. In addition to certain clarifying or procedural general amendments, the main substantive amendments are: Short Form Mergers – Section 251(h) Section 251(h) of the DGCL was enacted in August 2013 to simplify and accelerate the two-step merger process.  Section 251(h) currently provides that, if certain requirements are…
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California Law for Labours
Oct 17 2014
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California Businesses Responsible for Compensation Claims by Temporary Workers

Posted by Posted in Employment & Independent Contractors
A new law exposes California businesses to potential liability for claims by temporary workers. On September 28, 2014, Governor Brown signed into law AB 1897, which created California Labor Code § 2810.3. The new law requires companies who use workers provided by staffing agencies to “share with a labor contractor all civil legal responsibility and civil liability” for (1) the payment of wages and (2) the provision of workers’ compensation insurance. The effect of this new…
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