Two House Democrats, Sander M. Levin of Michian and Chris Van Hollen of Maryland, introduced a bill on February 23, 2016 that seeks to curb the use of inversions by American corporations. 1 A corporate inversion is a method by which a U.S. multinational restructures itself so that the U.S. parent becomes replaced by a foreign…
Author: Natasha Patel
Curbing Arbitration
On Thursday, February 4, 2016 two Senate Democrats introduced a bill seeking to limit the use of arbitration, an alternative legal dispute resolution process to litigation in a court. Arbitration is the submission of a dispute to one or more impartial arbitrators, who typically, absent a clear case of fraud, generate a final and binding…
Do Social Impact Bonds Still Have Promise?
The government’s new experimental program seeks to encourage investors to finance social programs in a manner similar to they way they finance a business venture. These new “Pay for Success” programs, also known as social impact bonds, encourage private sector investors to finance social programs they believe will be successful. If the program achieves measurable…
Criminal Liability for Volkswagen’s Defeat Devices
Former Volkswagen CEO, Martin Winterkorn, recently resigned from his position at the company.1 His resignation comes shortly after it was discovered the company was using a “defeat device” to fool emissions tests.2 The device allowed Volkswagen’s “clean diesel” vehicles to sense when they were being tested and to decrease the pollution they emitted in their…