The predominant approach in most jurisdictions to determine whether the dismissal of a derivative action based on the failure to adequately plead demand futility bars re-litigation of this issue in a ...

MANILA, Philippines - The Supreme Court (SC) has issued rules on the filing of derivative suits in companies whose stockholders are involved in litigation. The High Court said there are mandatory ...

The U.S. Securities and Exchange Commission (the “SEC”) recently adopted new rules and rule and form amendments under the Investment Company Act of 1940 (the “1940 Act”) relating to, among other ...

The Supreme Court of Canada has ruled that the purpose of a derivative contract dictates whether it’s for speculation or to hedge risk — which in turn determines how a derivative is treated for tax ...

A taxpayer’s forward derivative contract was a hedge, not speculative, and so the taxpayer’s losses were capital and not income losses, the Supreme Court of Canada ruled today in a decision that is in ...