If you hold a minority stake in a closely held New York business, you do not have to accept whatever the majority decides. New York law recognizes that as a minority shareholder or member, you may have legal standing to challenge certain majority decisions, though the...
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Corporate Law
Key contract issues can occur in high-value commercial situations
Commercial relationships are often intricate and depend on several factors to be successful, many of which are more than just price and performance. Contracts must explain exactly how the relationship will work, including what each party will do and what will happen...
Considerations before entering into a new market
Entering a new market can give a company space to grow, but it also comes with significant exposure to risks. A business can face legal, financial and operational risks in a new market even if it may see that the expansion would address a demand for its product or...
3 board-level blind spots that trigger fiduciary duty claims
As a board member, you sit in a role where your decisions carry legal weight. In New York, fiduciary duties turn on process and judgment, not intent. Under the business judgment rule, courts look at whether you acted with care, loyalty and good faith under New York...
Legal risks in cross-border deals for New York companies
Global deals can open doors to new markets, talent and revenue. However, they also bring real legal risk. Many New York companies move quickly when an international opportunity appears. Yet even strong deal teams can overlook foreign rules, compliance issues and...