Legal Articles, Corporate

When you receive a reservation of rights letter, sometimes the actual message of the insurance company gets lost in the policy language. This article helps clarify what that message the recipient should take from that reservation of rights letter.

Long-term disability insurance is peace of mind insurance that is supposed to be there to support you when an unexpected illness or injury strikes. Unfortunately a large amount of Canadian long-term disability claims are denied.

Why do we need uninsured motorist coverage?

During the COVID-19 outbreak, international demand for Chinese products dropped dramatically and China's economy took a hit as a result. China's response to the coronavirus outbreak was to stall domestic economic activity to halt the spread of COVID-19. This strategy proved effective, and now the country is working carefully to mitigate further spread as businesses reopen. Despite uncertainties due to the global pandemic, international trade with China remains strong, especially with the United States. The pandemic greatly impacted some industries, but also improved other sectors due to the vast increase in demand for certain products. ew and forthcoming trade policies between the U.S. and China include a suite of procedural rules that can be confusing, particularly in these uncertain times. Compounded upon domestic regulations designed to fight the spread of COVID-19, businesses are increasingly turning to Chinese attorneys to help them navigate a shifting international scene. As the legal and regulatory landscape changes, businesses are turning to Chinese lawyers in the U.S. and in China to ensure they maintain safe compliance while still preserving their economic activities. Trans-Pacific trade between the U.S. and China has never been stronger and both American and Chinese attorneys are key players in fostering this relationship.

This article addresses what a Wholly Foreign Owned Enterprise (“WFOE”) operating in China should do to avoid ending up in court and, if it does, how the company can maximize its chances of winning the case. WFOEs enjoy the benefits of limited liability afforded businesses and the individual rights offered under Chinese civil law. Most WFOE's will need to deal with the Chinese courts' Civil Procedure Law and also should know how the litigation will proceed substantively, such as under contract law or as a foreign party, because it will impact strategy and legal outcomes. Most high-profile WFOE cases do not end in favor of the foreign party. So an entity litigating labor and employment issues or issues likely to impact international trade will likely lose. WFOEs need to also consider alternative dispute resolution mechanisms, such as arbitration in front of the China International Economic Trade Arbitration Commission (“CIETAC”). WFOEs embroiled in litigation in China’s courts of law can maximize their chance of success by engaging skilled, knowledgeable local counsel with knowledge of both domestic and international laws.

This article gives a basic overview of automobile insurance law.

Are you a business owner who is thinking about selling your businesses? It’s never too early to plan ahead to protect the future success of the business.

The sale of a family business or any business with multiple owners creates potential conflicts among the owners as well as potential issues for the attorney representing the sellers. Among these issues are those related to employment/consulting agreements, noncompete agreements, indemnification clauses, and dispute resolution as part of the sale.

Clawbacks are provisions that assure a former equity owner receives fair, full consideration when it sells its equity. Such provisions enable the former owner to participate in the consideration received in a subsequent sale of the business by the remaining owner or owners.

No-Fault benefits are mandatory for all N.Y.State motor vehicle insurance policies as part of NYS minimal insurance requirements, provided by all insurers and self-insurers of motor vehicles.