Latest news with #corporatelaw
Yahoo
10-07-2025
- Business
- Yahoo
Andreessen Horowitz moves out of Delaware, citing state's legal 'bias'
(Reuters) -Venture capital firm Andreessen Horowitz said on Wednesday it is relocating its main business entity, AH Capital Management, from Delaware to Nevada, citing Delaware's growing judicial bias against tech startup founders and their boards. Also known as A16z, the firm said it could have made the move quietly but felt it was important for its stakeholders and the broader tech and VC communities to understand the reasons behind the decision, and also suggested its portfolio companies to consider making similar moves. Delaware's Court of Chancery, which had "injected an unprecedented level of subjectivity into judicial decisions, undermining the court's reputation for unbiased expertise", had caused legal uncertainty, A16z, which has been an early backer in some of today's hottest AI companies, including Databricks and Elon Musk's xAI, said. The move places A16z among a growing list of high-profile tech firms, including Tesla, SpaceX, Dropbox, Tripadvisor and Bill Ackman's Pershing Square, that have opted to incorporate out of Delaware. In recent years, corporate leaders have expressed frustration over court rulings that upset certain expectations about the state's law. The debate intensified last year when a Delaware judge rescinded Elon Musk's $56 billion pay package, prompting Musk to urge other companies to follow Tesla and leave the state. However, Delaware remains home to the majority of large public companies because its corporate laws protect board directors acting independently and in the company's best interest from being sued. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Bawaba
07-07-2025
- Business
- Al Bawaba
KIB promotes Khloud Al-Salem to General Manager of the Legal Department
Kuwait International Bank (KIB) announced the promotion of Khloud Al-Salem to General Manager of the Legal Department, a step that underscores the Bank's steadfast commitment to supporting and empowering national talent. This promotion aligns with KIB's strategic vision to develop national human capital and create opportunities for Kuwaitis to take on leadership roles. It also reflects the Bank's ongoing efforts to advance the career development of national professionals and to cultivate a culture of appreciation and recognition for Kuwaiti promotion stands as a testament to KIB's confidence in the capabilities and expertise of its national talent, who serve as the foundation of the Bank's ongoing journey of development and innovation. The Bank views its investment in nurturing and empowering this talent as the true driver of long-term success and prosperity. In line with this commitment, KIB continues to provide a motivating work environment that prioritizes capacity building, supports professional excellence, and offers ambitious employees opportunities to refine their skills and achieve their career is a seasoned legal professional with nearly three decades of banking experience in corporate law and banking operations, most of which was at KIB. She currently oversees the Bank's legal and regulatory affairs and serves as its legal advisor, providing counsel on all operational, administrative, and financial a successful legal career in law firms across Kuwait, Al-Salem transitioned into the banking sector, where she progressed through various legal and executive roles before assuming her current position at KIB. She also previously worked as a lawyer for an investment company. Al-Salem earned her bachelor's degree in law from Kuwait University in 1992, and has completed numerous certified courses and training programs in Islamic promotion of Al-Salem underscores KIB's commitment to developing and empowering women in leadership, recognizing the vital role Kuwaiti women play in the nation's development. The Bank is dedicated to providing them with every opportunity to achieve their professional ambitions and advance into senior positions. This vision goes beyond the empowerment of women, but also encompasses all promising national talent through training, mentorship, and a supportive work environment. Moreover, KIB's strategy to support and empower national professionals is not limited to legal and administrative roles; it extends across all departments and functions of the Bank. It is worth noting that KIB continues to invest in specialized training programs in collaboration with partner institutions to enhance the skills of Kuwaiti employees across a wide range of disciplines and empower them to take on greater responsibilities. This ongoing effort reflects the Bank's strong commitment to Kuwait Vision 2035, which aims to build a diversified and sustainable economy driven by national talent. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Forbes
13-06-2025
- Business
- Forbes
Why Business Cash Flow Is Crucial—And How To Protect Yours
Chris Scharman is CEO of Avtech Capital, with 20+ years as a corporate attorney in finance, securities, and mergers & acquisitions. For many businesses, failure can be traced back to a single issue: poor cash flow management. Not lack of profit. Not a flawed business model. Cash flow. Even healthy, growing companies are vulnerable if liquidity dries up. Equipment-intensive industries, such as construction, manufacturing and healthcare, are particularly exposed due to large capital requirements and delayed revenue cycles. In an economic environment marked by inflation and tightening credit standards, liquidity is the cornerstone of operational resilience. Let's explore why profitability doesn't necessarily mean financial health, the cash flow killers many executives overlook and practical strategies finance leaders can use to protect liquidity without compromising growth. It's a common misconception that profitability ensures financial health. In reality, companies can post strong earnings and still fail if incoming cash doesn't cover outflows. Delays in accounts receivable, unexpected expenses or large upfront capital outlays can cause even high-margin businesses to falter. Liquidity is oxygen. Without it, even the most profitable enterprises can suffocate. Buying mission-critical equipment outright drains cash reserves, leaving businesses exposed to unforeseen disruptions. Traditional loans often require covenants, collateral and lengthy approvals—a mismatch for fast-moving operational needs. Many businesses experience delayed customer payments, but their own payroll and vendor obligations remain fixed. Equipment sitting idle or fully depreciated on the books could be monetized or refinanced to inject working capital. Businesses that fail to leverage Section 179 deductions or align leases with ASC 842 can lose out on significant cash preservation opportunities. In today's climate, capital flexibility is a key differentiator. CFOs are shifting focus from ownership to access—prioritizing financial agility over asset accumulation. The logic is simple: Every dollar tied up in equipment is a dollar unavailable for expansion, R&D or workforce investment. In industries where speed and innovation drive competitive advantage, this trade-off can be fatal. Equipment acquisition strategies must now be evaluated through a dual lens: operational need and liquidity impact. Instead of large upfront purchases, many businesses are adopting financing structures that distribute costs over time. Done strategically, this not only preserves liquidity but also provides: • Faster access to essential equipment without tying up capital • Full coverage of soft costs such as installation, freight and software • Predictable payment structures aligned with revenue cycles • Tax advantages through lease structures that allow for deductions under Section 179 or bonus depreciation • Balance sheet flexibility, especially with structures that comply with ASC 842 or IFRS 16 A 2024 Equipment Leasing & Finance Foundation report found that 82% of surveyed end users used financing when buying equipment or software in 2023, and 62% cited "optimization of cash flow" as the top reason. Before approving any major purchase, evaluate its impact on working capital and available reserves. For example, if you use cash to purchase a new manufacturing line to service a new contract but the lead time to implement it is several months, you might deplete your cash reserves before that equipment starts generating revenue. Instead, you could consider financing that acquisition. Doing so will add some financing cost, but you can pay for it over time to more closely match your expenses with the revenue that will be generated from it in the future. This helps you act more quickly and also preserve your cash reserves for other higher-ROI projects or to maintain a buffer to deal with other challenges that may come, such as increased costs due to tariffs. Seasonal or project-based businesses should structure payments to mirror their cash inflows. For example, ski resorts generate most of their revenue during winter. Retail outlets generate most of their revenue during the holiday season. It could be useful for them to ask their financing providers to structure payment schedules to match the periods in which they generate revenue. Explore private capital or nonbank options that offer speed and flexibility without burdensome covenants. This will increase your costs, but it may also be critical for getting your project financed. Traditional lenders often cannot finance an entire project. For example, projects might include significant implementation, delivery or other soft costs that traditional lenders do not view as collateral and therefore typically do not finance. Or, a traditional lender might have loan-to-value requirements or advance rate restrictions that prevent them from financing 100% of the project. This is where nonbank, private capital sources provide real value. Many equipment leasing companies, for example, are able to finance 100% of the project, including those soft costs. This can be enormously helpful to getting a project completed on time without using up your cash reserves. Sale-leasebacks and refinancing options can unlock cash tied up in underleveraged equipment. One important risk to consider, however, is these will add a financial obligation where none previously existed. This can feel daunting when you worked hard to pay off that prior debt or when you had already used cash to purchase it. Taking on a new obligation seems counterintuitive. The trade-off is that it also creates an infusion of liquidity you can deploy in higher ROI projects. Cash flow is a strategic imperative. In a world where economic uncertainty is the norm, businesses that prioritize liquidity will outperform those that don't. By rethinking how capital is deployed, leveraging smarter financing tools and aligning financial strategy with operational agility, companies can reduce risk and build long-term resilience. Finance leaders must now ask not just "Can we afford this?" but "How will this impact our cash flow next quarter and next year?" The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Do I qualify?
Bloomberg
10-06-2025
- Business
- Bloomberg
The Spying Scandal Rocking the World of HR Software
Businessweek Technology HR software maker Rippling accused Deel, a key rival, of hiring a staff member to serve as a mole. Things escalated from there. On a cold March day in Dublin, Keith O'Brien looked down at his phone, raised an axe and smashed the device, again and again. A day earlier—a day O'Brien would later describe in sworn testimony as one of the darkest of his life—a corporate lawyer had given him the legally dubious advice to throw the phone into one of Dublin's canals. Instead he crushed it beyond recovery, gathered the shards and flushed them down the drain at his mother-in-law's house.
Japan Times
06-06-2025
- Business
- Japan Times
Fuji TV to sue former executives over their response to Nakai scandal
Fuji Television Network said Thursday that it is preparing to file a lawsuit against former President Koichi Minato and former Executive Vice President Toru Ota over the broadcaster's response to an alleged sexual assault by former TV star Masahiro Nakai. The company decided to question the responsibilities of Minato and Ota regarding the matter under corporate law. Meanwhile, the company demoted the then-head of programming by four ranks for his alleged secondary harassment of the victim, a former Fuji TV announcer, as he delivered cash and other consolation gifts from Nakai to her while she was in the hospital. He was also suspended for one month for another harassment case. For failing to take appropriate action despite knowing about the alleged sexual assault, the then-production bureau head was slapped with a 50% pay cut, and the heads of the announcer's office and the personnel affairs bureau were reprimanded. All of the punitive measures were implemented Monday. Separately from the Nakai scandal, the then-news bureau chief was suspended for two months and two weeks, effective Thursday, for a 2018 harassment case. Regarding news anchor Osamu Sorimachi's alleged past harassment of a female employee, the company said he would have been punished if it had responded appropriately to the case. Asked whether the company will question Nakai's legal responsibility, Fuji TV President Kenji Shimizu told reporters Thursday, "We will keep that option, but I have nothing to say at the moment."
