Article Abstract:
Banks and other financial institutions in Japan long faced intricate regulations that severely limited their ability to engage in mergers and acquisitions with each other. Problems such as bankruptcies, nonperforming loans, and a general inability to compete resulted from this overregulation. Deregulation by the Japanese government promises to relieve this situation. Economic forces, including foreign competition, should take advantage of this deregulation and fuel a marked increase in mergers and acquisitions by financial institutions.
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Article Abstract:
A Victorian magistrates court decision, in Vasel v. Simone, is an example of Australian courts and environmental protection authorities applying criminal liability to corporate officers for environmental offenses. In Vasel, the court fined a branch manager as well as his company, a subcontractor, and the manufacturer for an environmental accident. Victoria's Environment Protection Act 1970 includes a liability clause covering corporate officers.
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Article Abstract:
Limited liability companies are business entities which can provide special tax benefits with their pass-through status for tax purposes and asset protection capabilities for state law purposes. Problems include differing treatment in different states, unclear at-risk tax limitations, and uncertainty in application of tax passive loss rules.
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