This article seeks to clarify a few of the finer points regarding the inurement (a fancy way of saying “benefit”) prohibition, what constitutes an excess benefit upon disqualifies persons, and the distinction between those and a private benefit.
“For the first time, individuals will be permitted to participate in our private capital markets not only based on their income or net worth, but also based on established, clear measures of financial sophistication.”
In 2017, the Delaware Blockchain Initiative demonstrated that regulation could be synchronous with technological innovation, leading the way, apropos Delaware style.
Lessons learned about force majeure clauses in commercial and other contracts in the wake of COVID-19.
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