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 […]
17 Oct '14
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 […]
From all of us at the Hakim Law Group we would like to welcome you to our new website. We encourage you to take a look around and learn a bit more about who we are and our areas of specialty. For any of our current and past clients we always welcome your testimonials. Check back as we will continuously posting articles to our blog involving cases, as well as advise on various topics.
26 Jul '14
For those of you who believe California is not the most business friendly state in the union, here is a bit of good news which you may not be aware of. Assembly Bill 571 (“AB 571”), sponsored by the Corporations Committee of the State Bar of California, became effective as of January 1, 2012. AB 571 streamlines and simplifies the legal requirements governing distributions to shareholders by a California corporation in a manner that is […]
26 Jul '14
Transactional attorneys are especially known for bickering over words or even punctuation when negotiating agreements — “Commercially reasonable efforts” versus “reasonable best efforts” or adding the phrase “not to be unreasonably withheld” after a provision requiring written consent of another party. Often times, there is case law in support of why one provision is more advantageous over another for the client, and other times, attorneys insist on certain language simply because they learned it from […]
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Hakim Law Group
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As a serial entrepreneur and CEO of companies both small and national, I cannot think of more trustworthy and competent counsel than Afshin Hakim. He is one of the best attorneys in Los Angeles.Juve Vela, Psy.D., CEO/PresidentUnderstanding Behavior, Inc.
The strategic advice Afshin provided our company in connection with closing a transaction and navigating through litigation issues was priceless and crucial towards our success. Afshin is the kind of lawyer every CEO would love to have.Brandon KashfianAltaThera Pharmaceuticals
Hakim Law Group has consistently delivered high quality advice and documentation ahead of our timelines and on or under budget. They remain a key ally for us in all aspects of our corporate development.Alexander C. LogiePersonally, Inc.