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Haynes and Boone, LLP | March 2003

Legal Duties of Directors and Guidelines for Insulating Them From Liability After Sarbanes-Oxley

Haynes and Boone, LLP | March 2003

Now that the 60-day deadline for filing new legislation without suspension of the rules has passed, for all practical purposes all legislation that will be offered this session has now been filed. Bills that could impact Texas employers generally, are listed by bill number and contain author, the committee the bill has been referred to, and any action that has been taken. House of Representatives H.B ...

Haynes and Boone, LLP | April 2003

A recent U.S. Court of Appeals decision underscores the importance to plan administrators of maintaining proper procedures for the distribution of summary plan descriptions (SPD’s) under ERISA. Each participant in a plan which is subject to ERISA must be furnished an SPD satisfying ERISA’s content requirements within 90 days after he or she becomes a participant ...

Two Class Certification Denials Reinforce Rule 23 Adequacy Principles, While Exposing the Fiction of “Lead Plaintiff Groups” Introduction A decade ago, William S. Lerach, of Milberg Weiss Bershad Hynes & Lerach, infamously declared, “I have the greatest practice of law in the world. . . . I have no clients ...

The Most Common Legal Problems Entrepreneurs Encounter and How to Solve Them How to Avoid Snatching Defeat from the Jaws of Victory The Most Common Legal Problems Entrepreneurs Encounter and How to Solve Them Rob Kibby Chuck Powell Haynes and Boone, LLP Areas of Concern Areas of Concern • Ownership Ownership • Employees (and Independent Contractors) Employees (and Independent Contractors) • Tax Matters Tax Matters • Securities Law Matters Securities Law Matters • Accounting M

The SEC’s Final Rules regarding Implementation of Standards of Professional Conduct for Attorneys purport to allow attorneys who appear and practice before the Commission to disclose client confidences to the Commission in three situations: (i) To prevent the issuer from committing a material violation that is likely to cause substantial injury to the financial interest or property of the issuer or investors; (ii) To prevent the issuer, in a Commission investigation or administrative proce

As required by Section 403 of the Sarbanes-Oxley Act of 2002, the Securities and Exchange Commission (the “SEC”) has adopted final rules and form amendments mandating the electronic filing, and website posting by issuers with corporate websites, of beneficial ownership reports filed by officers, directors and principal security holders under Section 16(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) ...

Haynes and Boone, LLP | June 2003

Discovery for a New Millennium I. THE CHALLENGES OF ELECTRONIC EVIDENCE Computer usage now pervades all elements of society. Most businesses and many individuals conduct a significant percentage of communications through electronic media. E-mail, facilitated by the Internet, has become the dominate form of inter-office and intra-office communication ...

Haynes and Boone, LLP | July 2003

On May 28, 2003, the U.S. Department of Labor ("DoL") issued proposed regulations on COBRA continuation coverage notice requirements. The proposed regulations include content standards for each type of required notice and provide sample forms for certain of the required notices. This Alert focuses on the significant changes applicable to single employer health plans. Even though they are only proposed, the regulations are important for a number of reasons ...

Haynes and Boone, LLP | July 2003

On Monday, June 30, 2003, the SEC approved new rules proposed and adopted by the New York Stock Exchange (“NYSE”) and the Nasdaq Stock Market (“Nasdaq”) requiring shareholder approval of equity compensation plans or material amendments to existing equity compensation plans ...

Haynes and Boone, LLP | August 2003

Introduction All companies that engage in international commerce, whether large or small, should develop and implement a corporate compliance policy and training program so that employees, whether based in the US or abroad, are aware of conduct that could create liability for themselves or their company ...

Haynes and Boone, LLP | August 2003

American Bar Association Annual Meeting 2003 Introduction Description of Revision Process How the 2003 Revisions Affect the Neutrality of Party-Appointed Arbitrators How the 2003 Revisions Affect Ex-Parte Communications Between the Arbitrators and the Parties and Between Themselves

Asters | August 2003

On 10 July 2003 the Verkhovna Rada of the Ukraine adopted the Amendment to the Land Code of the Ukraine (Amendment) Act of the Ukraine. The Amendment came into force on 31 July 2003. Under this Amendment, Article 82 of the Land Code of the Ukraine (Land Code) is amended, the very article which regulates land ownership of legal entities ...

Haynes and Boone, LLP | August 2003

I. Introduction The Institute for Intellectual Property and Information Law at the University of Houston Law Center publishes “www.patstats.org,” providing United States patent litigation statistics. Specifically, with respect to the issue of validity, in 2000, the alleged infringer “won” the issue 53% of the time and the patent was held invalid, while the patentee “won” the issue only 47% of the time, and the patent was held valid ...

Asters | October 2003

IntroductionOn September 15 2003 the president of Ukraine signed a new Law on Advertising, which was passed by the Parliament on July 11 2003 ...

Haynes and Boone, LLP | November 2003

Attorneys and other service providers who deal with securities may unwittingly become liable for aiding and abetting violations of the Texas Securities Act. Introduction: A recent decision from the Fort Worth court of appeals should concern anyone who deals with securities transactions, because the burden of proof for imposing liability on a person as an aider and abettor under the Texas Securities Act (“TSA”) just became a little easier ...

PLMJ | November 2003

The Labour Code approved by Law no. 99/2003 of 27 August will come into force on 1 December next, the first stage of the labour law reform thus coming to a close. Driven by the pressing need to endow the country with more flexible and investment, productivity and employment generating labour laws, the reform was at first enthusiastically backed by the employers’ confederations and firmly opposed by the trade unions ...

PLMJ | November 2003

From among the innovations brought by the Labour Code, noteworthy is the express recognition of what are known as “personality rights” set forth in Articles 15 to 21 of the Code. To be considered, however, is that our legal system has long acknowledged the existence of this category of rights, which characteristically encompass the vital aspects of human personality and are acquired at birth and, as such, classifies such rights as universal ...

PLMJ | November 2003

From among the special forms of contracting employment, special reference should be made, as it is an innovation, to the possibility of an employee being bound simultaneously to several employers provided there are corporate or organisation relations between them, by way of a contract in writing stating which of the employers represents the others in the performance thereof. Where these requirements are not met, the employee will be free to choose to which employer he/she wishes to be bound ...

PLMJ | November 2003

Many amendments have been made by the Labour Code in the area of working hours. One of the most relevant is the possibility of regular working hours being established in terms of an average, subject to an agreement being reached between the employer and the employee ...

PLMJ | November 2003

The issues of holidays, public holidays and absences governed by the provisions of Decree-Law no. 874/76 of 28 December have also been subject to significant changes in the new Labour Code, where they are addressed in Articles 208 to 232, 255 and 259 ...

PLMJ | November 2003

In the area of salary, to be emphasised is that the Code has established that the calculation of supplementary and fringe benefits must be based on the basic salary and length of service payments. Also noteworthy are the new rules relating to special pay for exemption from regular working hours, which is after all justified by the fact that the Code provides for three different forms of exemption (vide III above) ...

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