World An Israeli cartoonist was fired after his cartoon in the Jerusalem Post depicted Israel’s Prime Minister Benjamin Netanyahu and other members of his Likud party as pigs from George Orwell’s book, "Animal Farm.” The Jerusalem Post fired cartoonist Avi Katz after the magazine published the cartoon showing Prime Minister Benjamin Netanyahu taking a selfie along with other members of his Likud party after passing a controversial law that officially defines Israel as the national homeland of the Jewish people. The law passed with a vote of 62 in favor and 55 against. Some critics of the law say that it discriminates against Israel’s Arab community. Many Arab lawmakers tore copies of the law as a protest following the vote. Israeli Prime Minister Benjamin Netanyahu speaks to a group of conscripts at the Tel Hashomer Army Recruitment Center near Tel Aviv on July 26. GIL COHEN-MAGEN/AFP/Getty Images … [Read more...] about Israeli Cartoonist Fired After Depicting Political Leaders As Pigs From Orwell Novel
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Road Map In the summer of 2009, t he U.S. Ninth Circuit Court of Appeals overturned the U.S. Tax Court decision in Xilinx v. Commissioner (hereinafter “Xilinx”) . In essence, the Ninth Circuit decided that the rule in the U.S. Internal Revenue Code § 482 regulations that requires all costs to be shared in a related party cost-sharing agreement, an agreement which allows related parties in a joint venture to fix percentages of cost sharing between the two entities effectively allowing the organization to control tax allocations among lower-tax rate jurisdictions, trumps the arm’s-length standard provided in another provision of that section based on the legal maxim that the specific overrides the general. Xilinx disagreed with the Ninth Circuit decision and filed a motion with the court for either a rehearing of the case or a rehearing of the case en banc. In an unprecedented move, on March 22, 2010, the Ninth Circuit reversed itself … [Read more...] about The Wild Ride of the Arm’s-Length Standard Since Its Inception, and on to Its Treatment in Xilinx: What Does It Stand for Today?
Two recent decisions from the Delaware Court of Chancery faithfully apply the Delaware Supreme Court’s holding in Corwin v. KKR Financial Holdings LLC. No surprise there. Corwin held that when “a transaction not subject to the entire fairness standard is approved by a fully informed, uncoerced vote of the disinterested stockholders, the business judgment rule applies.” That is so even if, pre-Corwin, an all-cash merger otherwise would have been subject to enhanced scrutiny under Revlon. The significance of the two recent lower court decisions – In re Columbia Pipeline Group, Inc. Stockholder Litigation and In re Saba Software, Inc. Stockholder Litigation – lies not in the fact that they applied Corwin, but how each did so on the facts alleged in the complaints. In reaching opposite results (dismissal of the complaint in Columbia and denial of a motion to dismiss … [Read more...] about Delaware Chancery Court’s Columbia Pipeline and Saba Software Decisions: Lessons beyond Corwin
World Israel Iran Benjamin Netanyahu Mohammad Javad Zarif Iran Nuclear Deal Donald Trump The Israeli parliament voted in favor Monday of granting Prime Minister Benjamin Netanyahu the ability to declare war with the sole approval of his defense chief under certain conditions. Following a 20-minute presentation in which Netanyahu accused Iran of covertly pursuing nuclear weapons, reports emerged that the Israeli Knesset approved 62 to 41 the amendment to Israeli law regarding the authorization for the declaration of war. The new regime included a clause suggested by Netanyahu himself, one that requires only Netanyahu and Defense Minister Avigdor Lieberman's approval to initiate a war "in extreme situations," according to the state-run Kann News and Israeli newspaper Haaretz. The vote also came as President Donald Trump, seen as a key ally of Netanyahu, mulled scrapping a landmark nuclear deal negotiated with Iran by his predecessor in 2015. Trump has joined his top Middle … [Read more...] about Israel’s Netanyahu Can Now Declare War on Iran With Single Vote
TEL AVIV – Arab-Israeli Knesset members are collaborating with the Palestinian Authority in a smear campaign against the Jewish state at the United Nations, Israel’s envoy to the international body Danny Danon said on Sunday. “The Palestinian delegation, in cooperation with Knesset members from the Arab parties, is planning steps aimed at smearing Israel and damaging its image through incitement and lies,” Danon said.His remarks came after Joint (Arab) List MK Aida Touma-Sliman had a meeting with UN Under-Secretary-General for Political Affairs Rosemary DiCarlo in New York in a bid to garner support for the party’s campaign against Israel’s newly passed Nation-State Law. The Palestinian Authority has warned that it would act against Israel at the UN General Assembly over the legislation. A possible draft resolution would including pushing for Israel’s ouster from the UN, a move that would no doubt be blocked by the US veto at the … [Read more...] about Arab MKs Collude With PA to Censure Israel at UN