A letter of intent is used in the majority of transactions. The level of commitment of the parties to deal completion may differ. However, parties should take into account the fact that an agreement has in principle binding force as soon as the parties agree on:
The detention and treatment of
the Deputy Chairman of Mejlis of the Crimea Tatar People, Ilmi Umerov, is a
cause of deep concern. Umerov’s forced detention and examination in a
psychiatric unit, along with reports of his deteriorating health are
disturbing. We call on the Russian authorities to respect international human
rights standards; to release Umerov without delay; and to allow him access to
the medical care that he needs.
It is clear that human rights
standards are not being met in Crimea and we continue to call on the Russian
Federation to allow immediate, unfettered access to all international human
rights monitoring bodies. We do not, and will not, recognise Russia’s illegal
annexation of Crimea. Russia must return
Crimea to Ukraine.
Brazil's Senate removed
President Dilma Rousseff from office on Wednesday for breaking budgetary laws,
ending an impeachment process that has polarized the scandal-plagued country
and paralyzed its politics for nine months.
Senators voted 61-20 to
convict Rousseff for illegally using money from state banks to boost public
spending, putting an end to 13 years of leftist Workers Party rule in Latin
America's largest economy.
Well the piper has finally
caught up to Apple, after a 25-year tax deal with Ireland’s government has left
them on the hook for an exorbitant €13 billion penalty. After years of calling
for corporate tax reform, this may be a “careful what you wish for, Tim Cook”
Apple is, predictably,
furious, and vows to appeal the decision (as does Ireland) they say would
“upend the international tax system.” The European Commission (EC), also
predictably, seems ready for a fight here following their decision. With legal
fees about to start flowing freely the question that remains is: Could Apple
change the way we govern international tax law?
This is the second installment
of a series discussing potential pitfalls of which closely held business owners
should be wary when they are trying to sell their business. Here’s a link to our
After a lifetime of pouring
time and energy into growing and expanding, Pawlenty Energy, JR and Sue Ellen
Pawlenty are ready to sell their business and retire. Having never sold
anything of this magnitude, JR and Sue Ellen have no idea where to start to try
to sell their company. Even more challenging is that, until the money
exchanges, they must continue to run their business. Marketing to sell their
company will be a hassle that could negatively affect their operations, their
personnel and their reputation both with their customers and with their
vendors. Their friend Nancy Noitall recommended that they hire a business
broker to assist them in handling the sale. Is this a good idea?
Report any gambling winnings
as income on your tax return. Be sure you itemize to deduct gambling losses up
to the amount of your winnings. If you are a casual gambler, these tax tips can
Gambling income. Income from gambling
includes winnings from the lottery, horse racing and casinos. It also includes
cash and non-cash prizes. You must report the fair market value of non-cash
prizes like cars and trips.
Payer tax form. If you win, the payer
may give you a Form
W-2G, Certain Gambling Winnings. The payer also sends a copy of the W-2G to the
IRS. The payer must issue the form based on the type of gambling, the amount
you win and other factors. You’ll also get a form W-2G if the payer must
withhold income tax from what you win.
Uzbekistan has suffered quarter of a
century of terrible misrule
Tomorrow the people of Uzbekistan will mark 25 years
since their country’s independence from the Soviet Union. Until this week it
appeared that they would have little to celebrate. That changed with reports
yesterday that the long and brutal rule of their president, Islam Karimov, may
at last be near its end.
Wedged between the
Kazakh steppe and the mountains of Afghanistan, Uzbekistan has for most of Mr
Karimov’s tenure been one of Asia’s nastiest dictatorships. He has created a
police state worthy of the Stasi. He has authorised torture on a mass scale and
the use of live fire…
The war in eastern Ukraine is known under multiple
names; most often formulations similar to Ukrainian civil war or Ukrainian
conflict are still used to describe the war.
The implied characteristic as
solely internal Ukrainian conflict is heavily disputed and an active Russian participation
is widely accepted. While there is now plentiful evidence documenting a direct
and decisive participation of Russian servicemen and the Russian armed forces
in the fighting in eastern Ukraine since summer 2014, it is however not
possible to support the various claims about the size of the Russian
involvement using public available information.
Ukraine's Ministry of Energy
and Coal Industry, the Energy Ministry of Kazakhstan and Kazakh National
Nuclear Company Kazatomprom have agreed to establish a joint venture (JV) for
uranium mining in both countries, Ukrainian Energy Minister Ihor Nasalyk has
said, commenting on the results of his visit to Kazakhstan in mid-August.
"Kazakhstan has the best
desalination technology in uranium mining. We've agreed that they will create a
joint venture and begin to work on our deposits. They will give one deposit in
the territory of Kazakhstan to the joint enterprise," he said on the air
of TV Channel 112.
On August 31 in Kyiv, NNEGC
"Energoatom" and the company Korea Hydro & Nuclear Power (KHNP)
signed a memorandum of understanding to expand cooperation in the nuclear
energy sector, which will promote the interests of sustainable social and
economic development of Ukraine and the Republic of Korea.
The main areas of cooperation
will be completion of units # 3 and 4 on Khmelnitsky NPP and the project
"Energy bridge Ukraine - European Union".
The Memorandum of
Understanding has been signed by the President of Energoatom Mr. YuriyNedashkovsky and
the President and CEO of KHNP Dr. Seok Cho.
The modern creation of
specialized Business Courts in the United States, sometimes
referred to as Commercial Courts, began in the early 1990s, and
has expanded greatly in the last ten years.
Business courts (or more
accurately business programs or divisions within existing trial level courts)
have been established and are operating in New York, Chicago, North Carolina, New Jersey, Philadelphia and Pittsburgh,
Pennsylvania, Reno and Las Vegas, Nevada, Massachusetts, Rhode Island, Maryland, Orlando, Miami, Ft.
Lauderdale, and Tampa, Florida, Pittsburgh, Pennsylvania, Michigan, Cleveland,
Toledo, and Cincinnati, Ohio, Iowa, Jefferson County, Alabama, Maine, New Hampshire,
Atlanta and Gwinnett County, Georgia, Colorado's 4th Judicial District,
Delaware's Superior Court, and South Carolina. In New York, Chicago,
Philadelphia, Massachusetts, North Carolina, and New Jersey, the original
business programs have been expanded by adding additional judges and/or by
expanding into additional counties.
Richard L. Hasen is Chancellor’s Professor of Law and Political Science at the University of California, Irvine.
When it comes to jurisprudence
on voting rights, the Supreme Court stands at a crossroads. If the Court ends
up with a new liberal majority, it could limit the ability of states to pass
restrictive voting rules such as voter identification laws, boost minority
voting power in legislative and congressional districts under the Voting Rights
Act, and continue using the constitutional racial gerrymandering cause of
action to protect minority opportunity districts.
A new conservative majority
would be more likely, although not certain, to allow states greater leeway to
pass laws which make it harder to register or vote, limit minority voting power
in legislative and congressional districts under the Voting Rights Act (perhaps
even holding Section 2 of the act, which gives minorities a greater share of
political power, unconstitutional), and retool the constitutional racial
gerrymandering cause of action to make it harder to draw minority opportunity
As the Minnesota State Fair is here with everything “on a stick”, and the Renaissance Festival is back to jousting…it is signaling the end of summer, and beginning of a new school year – or in our case – a new FLSA year. The December 1, 2016 deadline is just three months away; similar to school, it’ll be here before you know it. What can (and should) employers being doing now to prepare? Get your house in order…you only get one take on this!
Theright to voteis fundamental to
American democracy—as is the integrity of each vote. Which is why the debate
over whether voter ID laws prevent fraud or encourage disenfranchisement has
been raging for years.
Election law experts
have long held that the biggest voter registration fraud was the push for laws
thatmake it harderfor
African-Americans and the poor to vote. Even so, 17 states have passed more
restrictive voter registration laws since the 2012 presidential election. Civil
rights groups have filed lawsuits challenging voter registration restrictions
inArizona,Georgia,Texas, andOhio. Now it appears the tide is turning with
rulings in North Carolina and Wisconsin overturning restrictions.
The Prosecutor General's
Office of Ukraine (PGO) has stated ex-Minister of Income and Tax of Ukraine
Oleksandr Klymenko is suspected of committing a number of criminal offenses,
including setting up a criminal organization and making material damage to the
state for a total of UAH 3.1 billion.
According to the PGO press
service, the Main Military Prosecutor's Office is currently conducting an
investigation into criminal proceedings concerning the former high-ranking
official during the presidency of Viktor Yanukovych, including Klymenko, who is
suspected of committing criminal offenses under Part 1 of Article 255, Part 4
of Article 28, Part 5 of Article 2191, Part 4 of Article 28, Part 2 of Article
205, Part 4 of Article 28, Part 1 of Article 366 of the Criminal Code of Ukraine.
В понедельник днем, по нашим данным, 78-летний лидер Узбекистана перенёс клиническую смерть, а позже (возможно) был подключен к аппарату искусственного жизнеобеспечения. Это произошло за несколько дней до главного государственного праздника - Дня независимости, отмечаемого в этой азиатской республике 1 сентября.
И не просто праздника, а четвертьвековой годовщины независимости. Именно двадцать пять лет назад образовался современный Узбекистан, наследник Узбекской ССР, и все двадцать пять последних лет республикой правил бессменный президент Ислам Каримов, бывший советский партийный и хозяйственный деятель.
Теперь его дни подошли к концу. И аккурат к празднику.
On Tuesday, Prime Minister of
Ukraine Volodymyr Groysman held a meeting with Ambassador
Extraordinary and Plenipotentiary of Poland to Ukraine Henryk Litvin in
connection with completion of his diplomatic mission in Ukraine. The parties
discussed the topical issues of cooperation between Ukraine and Poland and
their future development.
The Prime Minister stressed
interstate relations between Ukraine and Poland have strategic importance.
Wyciek poczty mailowej prezesów Trybunału adresowanej tylko do dziewiątki sędziów z rekomendacji PO, odsłania głębszy kryzys Trybunału Konstytucyjnego, niż sądziliśmy.
TK nie tylko kwestionuje trzech sędziów z rekomendacji PiS, ale mobbinguje, bo
brak mi innego słowa, trzech już orzekających.
przeczytaniu korespondencji jaką ujawnił Portal tvp.info między prezesem
Trybunału Andrzejem Rzeplińskim, wiceprezesem Stanisławem Biernatem i sędzią
Markiem Zubikiem, który chyba przez pomyłkę załączył ją do innego maila, ciśnie
się pytanie, czy w Trybunale nie decyduje nieformalne grono zaufanych sędziów.
BERLIN – Most of Europe’s history has been marked by conflict. The American historian Robert Kagan wrote in 2003 that “Americans are from Mars and Europeans are from Venus”; but Europe was for centuries home to the Roman god of war, not the goddess of love.
Venus found a home in Europe only after World War II, when many global governance institutions emerged, including the United Nations, the World Bank, and the Bretton Woods monetary system. During the Cold War, European countries all but lost their sovereignty to two new global superpowers, the United States and the Soviet Union.
CEO, speaker, author and former
lawyer Mike Walsh invites ILTA attendees to think of the workplace in new ways.
considered a futurist, author and speaker Mike Walsh finds the classification
discomforting, as futurists, he explains, are associated with fortune tellers.
Yet it is through real-world discussions, research, and simple observation that
leads Walsh to note that the decade of disruption” is not only upon us, but
“only the very beginning of the story.”
WASHINGTON, 30 Aug. 2016. The Federal Aviation Administration’s (FAA's) first operational rules for routine non-hobbyist use of smallunmanned aircraft systems (UAS), commonly referred to as drones, are now in effect. Provisions of the new rule, Part 107, are designed to minimize risks to other aircraft and people and property on the ground, FAA officials explain.
“The FAA’s role is to set a flexible framework of safety without impeding innovation,” FAA Administrator Michael Huerta says. “With these rules, we have created an environment in which emerging technology can be rapidly introduced while protecting the safety of the world’s busiest, most complex airspace.”
The European Commission has
concluded that Ireland granted undue tax benefits of up to €13 billion to Apple.
This is illegal under EU state aid rules, because it allowed Apple to pay
substantially less tax than other businesses. Ireland must now recover the
Vestager, in charge of competition policy, said: "Member States cannot
give tax benefits to selected companies – this is illegal under EU state aid
rules. The Commission's investigation concluded that Ireland granted illegal
tax benefits to Apple, which enabled it to pay substantially less tax than
other businesses over many years. In fact, this selective treatment allowed
Apple to pay an effective corporate tax rate of 1 per cent on its European
profits in 2003 down to 0.005 per cent in 2014."
Never has this blog written an
open letter or public request to any of the many Presidents, Prime Ministers or
Cabinets whose governance (for want of a better description) it has lived under
over the past decade and more in Ukraine.
The first reason for doing so
is that once a reader has seen one Verkhovna Rada or Gov UA email address, it
is very simple to work out the email address for any of them (no differently
from working out the email address for somebody at the State Department or FCO
etc.) and private communication has always remain the preferred channel of this
They're making a fortune this
year due to low oil prices, and one way to manage shareholder expectations for
the future is to put some of that profit into brand advertising. And so,
they hired a fancy ad agency and started to run full-page, two-sided,
glossy inserts in newspapers. The single ad I'm looking at cost at
least $100,000. And I might be one of a hundred people who are actually reading
The copy-dense ad
includes references to babies, red-eyes, noise, middle seats, lessons
learned, 'relinquish', making the best of the situation and the ability to
sleep anywhere. All told in an odd third-person, referring to the hero as
"they" not "you."
responding to outrage over the six-month jail term given to a former Stanford
University swimmer after his conviction for sexually assaulting an unconscious
woman, passed legislation on Monday closing a loophole that allowed the
The bill now goes to
Democratic Governor Jerry Brown for his approval. He has not indicated whether
he will sign it into law.