Articles on Corporate law

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Apple is committed to serving “Americans”, even as Tim Cook’s company asserts that manufacturing the iPhone in the United States would not be a viable option. Frederic J. Brown/AFP

Debate: Can corporate purpose be global?

New initiatives have allowed firms to enshrine their purpose in corporate bylaws, but gaps exist between local and international issues that can complicate the definition of a multinational's purpose.
Papa John himself resigned from the company after a report said he used a racial slur. Reuters/Danny Moloshok

What is a ‘poison pill’?

Papa John's is hoping to use the corporate strategy to prevent founder John Schnatter from taking back control over the pizza chain.
The captain of the Costa Concordia has been sentenced to 16 years’ jail after the ship ran aground off the coast of Italy two years ago. EPA/Luca Zennaro

If a company causes death at sea, don’t assume that means jail time

Late last week, an Italian court sentenced the captain of the Costa Concordia cruise liner, Francesco Schettino, to 16 years’ jail after finding him guilty of multiple charges of manslaughter. On January…
A bitter inversion: AbbVie nixed its US$54 billion acquisition of Irish drug maker Shire after the US Treasury eroded the benefits of doing a corporate inversion. Reuters

Need to access cash is driving surge of corporate inversions, not the high US tax rate

Corporate inversions have been front page news in the US for months with everyone from President Barack Obama to the man on the street expressing a view as their usage has surged. Unfortunately, many of…

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