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Mid-Atlantic: Corporate M&A: Alert - July 2, 2008

Although many busy corporations view annual meetings as an inconvenient formality, holding annual meetings in Virginia is both a legal requirement of corporate governance and a beneficial tool to effectively manage the corporation’s affairs. To efficiently address business issues and prevent the liability protections of the corporate entity from being “pierced” in litigation, it is important that corporations take the time to properly hold and record all required meetings.

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Franchise Laws and Hotel Management Relationships: A Rose by Any Other Name …

As the role of hotel management companies has evolved over time from the leasing and ownership of hotels, to entering into agency management agreements, to now entering into management agreements with no agency disclaimers, the relationship between the hotel owner and hotel management company has adopted several of the attributes of a franchise relationship. If the substance of these relationships are not kept distinct from that of a franchise, they may become subject to the obligations of franchise laws.

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Environment
Newsletter - First Quarter 2000
 
In this Issue...
New Nationwide Permits Replace NWP 26
 
 March 1, 2000
 
Amy L. Edwards- Washington

On March 9, 2000, the U.S. Army Corps of Engineers published a final rule issuing five new nationwide permits (NWPs) and modifying six existing NWPs to replace NWP 26 (65 Fed. Reg. 12817). The final rule also added two new NWP general conditions and modified nine existing NWP general conditions. The final rule will become effective on June 5, 2000, the date when NWP 26 is due to expire. Any affected activities that begin after March 9 should plan to follow the new rule.

The new NWPs are activity-based. They will generally require pre-construction notification to the district engineer for any activity that will disturb more than 1/10 of an acre of land. The maximum amount of acreage that can be disturbed using a NWP is ½ acre. Local district offices are allowed to apply more stringent conditions and limitations. The Corps contends that the new NWPs will increase the protection of critical resource waters and waters of the United States within 100-year floodplains.