Read Business Law Update to stay up to date on legal issues that impact public and private companies on a local, national and global basis. Articles in this issue include:
Mergers & Acquisitions
Hallucinations and Integrations: Generative AI Challenges in M&A
As with any fast-developing technology, there are risks with using Generative AI (“GenAI”) in the M&A context. We offer a discussion of a few critical near-term challenges GenAI presents to M&A practitioners as well as some protective considerations. Continue reading.
Corporate Governance
Avoiding Tripwires: A Practical Playbook for Delaware Director Removal
One of a director’s primary responsibilities is providing oversight of management and ensuring officers act in a manner consistent with their fiduciary duties. But what about when a fellow director fails to meet that same standard, or actively seeks to harm the same company they oversee? Generally speaking, stockholders alone hold the power to remove rogue directors. But that doesn’t mean the board has no options. Read more.
New Ventures
SBIC Program Rule Changes Usher in Modernization, Alignment, and a Faster Path to Licensing
In February, the U.S. Small Business Administration (SBA) finalized rules revising regulations for the Small Business Investment Company (SBIC) program. The amendments are best understood as modernizations and cleanups, which eliminate provisions tied to legacy SBIC structures, clarify how certain investments fit within the program’s eligibility framework, and streamline aspects of the licensing process. Continue reading.
Employee Benefits
Trump Accounts: Opportunities and Considerations for Employers, Financial Institutions, and Philanthropic Organizations
Enacted into law as part of the 2025 budget reconciliation act, Trump Accounts will provide a new private savings vehicle for the exclusive benefit of eligible minor children. While there are still several unanswered questions regarding the implementation and administration of Trump Accounts, they may offer opportunities for employers, financial institutions, and eligible tax-exempt organizations and governmental entities. Read more.
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