Recent developments affecting global stock plans
As noted in Pillsbury’s 12 May 2011 advisory, Going Global with US Employee Stock Plans, sponsors of global stock plans must navigate a host of legal and tax regimes to maintain compliance with applicable rules and laws.
This article briefly discusses some recent developments in a number of countries that may have consequences for the administration, operation or design of such plans. The following is intended only to be a high-level summary of legislative changes and other events. Where relevant, companies should seek guidance in co-ordination with local counsel to evaluate the impact of these or other developments on their global stock plans…
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Connecticut may join a number of states that currently require merchants to provide the remaining cash balances on gift cards to consumers upon request.
English law on oral contracts has remained essentially unchanged for hundreds of years. Oral contracts most certainly exist, and they are certainly enforceable.