Which American state is the best to form a legal entity? – An overview for foreigners – Part Two

  We give here some additional insights on the choice of the jurisdiction where to form your entity. In Part One (here in Italian), we have seen how the choice of jurisdiction is important because it triggers the application of that jurisdiction’s corporate and contract law. We have also seen...
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The court of Milan clarifies that a company’s director lacks standing to proceed in a malpractice action against other directors if shareholders’ meeting did not resolve to bring the action

A director can bring a claim, on behalf of the company, against the other directors for breach of their duties only if a shareholders’ meeting resolved to bring that action. Tribunale di Milano, January 12, 2015. The court can raise the lack of that resolution sua sponte because a shareholders’ ...
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Which American state is the best to form a legal entity? – An overview for foreigners – Part One

  After having decided that forming a new entity (as opposed for example to buying an existing business) is the best solution to do business in the US, a businessman is confronted with the decision of where (i.e., in which jurisdiction) to form a business. This is an important decision because ...
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