A sale or purchase of a business can involve complex issues relating to employees of the business. The consideration in this article is appropriate only for an asset sale, in contrast to a share or equity sale. The issues can be broadly put into three groups: Retention, Entitlements, and Compliance. Retention How important are the staff to the functioning of the business? Would the business be valuable without the current staff? Put another way, would the buyer purchase the business without the employees (or a particular key employee)? This is a critical issue, particularly in smaller businesses which may be reliant on the knowledge or performance of one or two key personnel.…
Tag: business law news articles 2018
Are Canada’s competition laws outdated? Some say it’s time for change
Whether checking in at the airport or checking out at the grocery store, it seems everywhere you turn these days, you find frustrated consumers. Many complain about high prices or limited choices across sectors — and blame the lack of competition. But now, the federal government is looking to update Canada’s competition laws — possibly the most significant review in decades. Everything seems to be on the table, from tiny tweaks to a major overhaul. Commissioner of Competition Matthew Boswell is one of those pushing for reforms. “I think it’s fair to say, unfortunately, that the Competition Act is lagging behind our international peers,” said Boswell.…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/XCBK3WH3MRLRRD2PWNRMGA7UDA.jpg "Trump’s absence at civil rape trial shows ‘he did it,’ accuser’s lawyer says")
Trump’s absence at civil rape trial shows ‘he did it,’ accuser’s lawyer says
Trump’s lawyer calls the case an ‘affront to justice’ Jury due to begin deliberations on TuesdayNEW YORK, May 8 (Reuters) – Donald Trump’s absence from a trial where writer E. Jean Carroll accuses him of rape and defamation shows that “he did it,” a lawyer for Carroll said on Monday, while Trump’s lawyer told the jurors the case was “outrageous.” “He never looked you in the eye and denied raping Ms. Carroll,” lawyer Mike Ferrara told jurors as the civil trial in Manhattan federal court neared the end of an eighth day. “You should draw the conclusion that’s because he did it.”…
Virginia judge says the law banning sales of handguns to young adults is unconstitutional
Article content RICHMOND, Va. (AP) — A federal judge in Virginia has ruled that a law banning licensed federal firearms dealers from selling handguns to young adults under 21 violates the Second Amendment and is unconstitutional.Article content The ruling Wednesday by US District Court Judge Robert Payne in Richmond, if not overturned, would allow dealers to sell handguns to 18- to 20-year-olds. In his 71-page ruling, Payne wrote that many of the rights and responsibilities of citizenship are granted at the age of 18, including the right to vote, enlist in the military without parental permission and serve on a federal jury.…