13 July

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Legal Insights into the Corporate Dissolutions

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Business corporations may be dissolved in two ways: A- Voluntary or Non- Judicial Dissolution: Under New York Business Corporation Law (BCL) Section 1001, a corporation may be dissolved by the majority vote of the shareholders entitled to vote. No board of director’s vote is necessary. B- Involuntary or Judicial Dissolution: There may be several reasons for involuntary dissolution: Under BCL Section 1101, an Attorney-General may bring an action for the dissolution of a corporation upon one or more of the following grounds: (i) That the corporation procured its formation through fraudulent misrepresentation or concealment of a material fact. (ii) That the corporation has exceeded the authority conferred...

24 June

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The Supreme Court blocked President Obama’s immigration Action

Posted by Metin Caglar

in News

The U.S. Supreme Court on Thursday blocked President Barack Obama's plan to protect millions of immigrants in the country illegally from deportation. The court’s action broken the hopes of nearly 4 million illegal immigrants estimated to be covered by Obama’s plan, which would have deferred deportation for those who have been in the country since 2010, have not committed any serious crimes and have family ties to U.S. citizens or others lawfully in the country. President Obama first announced his plan last November to grant up to 5 million unauthorized immigrants protection from deportation.However, it was quickly challenged in court by Republican-governed...

17 June

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Rights of buyers in receipt of non-conforming goods

Posted by Metin Caglar

in BLOG

Under the Uniform Commercial Code (UCC, Article 2) Perfect Tender Rule, seller’s promises and performance as to quality, quantity, and manner of delivery of the goods must precisely conform to the purchase contract executed between buyer and seller. If the goods or the tender of the delivery fail in any respect to conform to the purchase contract, the buyer may; 1. Reject the entire shipment; or 2. Accept the entire shipment; or 3. Accept any unit or units of the shipment and reject the rest. For example, buyer contracts to buy 50 blue tee shirts from seller for $1000 but seller delivers yellow tee shirts...

09 June

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The Department of Homeland Security proposes to increase many immigration filing fees

Posted by Metin Caglar

in News

The Department of Homeland Security recently published a proposal to increase many U.S. Citizenship and Immigration Services (USCIS) application fees for U.S. employers and foreign nationals. According to this new regulation, fees for most employment-based petitions and applications would be raised by an average of 21% whereas other types of petitions may experience a higher increase in filing fees. The increase in filing fees will be effective if federal government approves the regulation, which is expected to take about several months following the close of the 60-day comment period on July 5, 2016. ...

01 June

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Removal of corporate directors before the expiration of their terms.

Posted by Metin Caglar

in BLOG

Can shareholders remove a director from the corporation? In Corporate Law, only shareholders of the corporation can remove a director for cause before the expiration of his/her term. Board of Directors (or the “Board”) cannot remove a director for cause unless the Certificate of Incorporation or the shareholder by laws permit Board to remove a director for cause. “For cause” can occur for any action that is considered a grave misconduct such as violation of the corporation code of conduct or ethics policies, failure to follow corporation’s by laws, rules, policies or regular practices, breach of a contract, violence or threatened violence, self-dealing, fraud, forgery,...

26 May

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Department of Labor issued final rules for new overtime changes

Posted by Metin Caglar

in News

Last week, the Department of Labor issued final rules that will increase more than double the current minimum salary required for employees under the Fair Labor Standards Act. If the proposed changes are published as anticipated, you may have to act within 60 days in order to comply. For tips about compliance with new rules please visit http://sbshrs.adpinfo.com/flsa ...

16 May

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USCIS will increase citizenship application fees

Posted by Metin Caglar

in News

This week United States Citizenship and Immigration Service (USCIS) has announced that it will propose a fee increase for U.S. Citizenship application to $725. Currently, thesefees are $680 that includes $85 bio metrics fee for each person....

10 May

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Nisanli (K-1) Vizesi Nedir?

Posted by Metin Caglar

in BLOG

Nişanlı vizesi (K vizesi) bir Amerikan vatandaşı ile nişanlanan ve Amerikaya nişanlısı ile evlenmek ve yerleşmek için gelenlere verilen bir vize türüdür. Nişanlı vizesi için gereken ilk şart Amerikan vatandaşı ile nişanlısının vize başvurusu yapmadan önceki son iki yılda birbirleriyle tanisiyor olmaları gerekmektedir ancak bunun iki istisnası var: 1- Eğer nisanlilardan herhangi birinin kültürüne, örf adet ve geleneklerine veya dini inanışlarına göre nişanlanmadan önce tanışma mümkün değil ve tasvip edilmiyorsa 2- Böyle bir şart nişanlılar için aşırı derecede bir zorluk oluşturacaksa o zaman önceden tanışma şartı aranmaz. Daha önce tanışıyor olma şartı değişik yollardan ispatlanabilir örneğin nisanli çiftlerin telefon görüşmeleri ve faturaları, birlikte çekilmiş...

30 April

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The U.S. Department of Labor is expected to release a new overtime rule in May.

Posted by Metin Caglar

in News

In the beginning of March, the Department of Labor submitted a final proposal for a revision to the FLSA (Fair Labor Standards Act) that would require overtime pay for all employees making less than $50,440 per year. Currently, salaried employees who make more than $23,660 are exempt from overtime requirements. This will be the second threshold that’s only been raised since 1975. The pending FLSA will raise the annual salary for overtime-exempt, salaried employees from $23,660 to $48,000 or above (the final figure is expected in May). What does it mean? That means companies with salaries employees will have to make two choice:...

29 April

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Understanding Contract Language

Posted by Metin Caglar

in BLOG

What is the difference between an “effective date” and an “execution” date? The effective date is the date the contract becomes effective. It may be other than execution date. Parties to the contract may specify an effective date. Execution date is the date parties sign the contract. If parties did not specify an effective date, then Contract becomes effective upon signed by the parties. What does "Jurisdiction" mean? A jurisdiction is a venue with its own laws. It may either be a state or a province. For example, New York is a jurisdiction in the United States, Ontario is a jurisdiction in Canada. What...

Author: Metin Caglar