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César Rivera y Lucía Astarloa, socios de Cuatrecasas y expertos en conflictos societarios, conversan con Idoya Fernández, socia y directora del Área de Conocimiento e Innovación de la Firma, sobre un tema capital del gobierno corporativo: el deber de diligencia de los administradores, la regla de la discrecionalidad empresarial y las consecuencias de su infracción. A partir de la regulación de la Ley de Sociedades de Capital, los expertos exponen qué significa actuar con la diligencia de un ordenado empresario, qué exige el proceso de toma de decisiones responsables y cómo se articula el puerto seguro de la discrecionalidad empresarial del artículo 226 LSC, que protege decisiones de negocio razonables tomadas de buena fe, informadas y siguiendo un procedimiento adecuado. A continuación, analizan dos sentencias del Tribunal Supremo de 2023 y de 2025 que confirman que las infracciones tributarias imputables a fallos de organización, control o reacción pueden fundamentar la acción social de responsabilidad frente a los administradores. Finalmente, exponen el deber de legalidad de los administradores, que se proyecta hoy como una manifestación del deber de diligencia, aunque persiste un debate doctrinal vivo sobre su alcance, el papel de la eficiencia en el incumplimiento y la compensación de beneficios. Este episodio ofrece pautas operativas para consejeros y administradores: cómo preparar, deliberar y documentar decisiones estratégicas; cuál es el alcance del puerto seguro de la regla de la discrecionalidad empresarial; y qué buenas prácticas de gobernanza son decisivas para sostener, mañana, las decisiones adoptadas hoy. ‘Deber de diligencia de los administradores' es el nuevo episodio de ‘Tendencias Legales', la serie de podcasts de Cuatrecasas que aporta, a través de un formato conversacional entre expertos, una visión técnica y aplicada sobre los debates jurídicos de mayor actualidad y repercusión económica.Hosted by Ausha. See ausha.co/privacy-policy for more information.
Lynette Martin talks all things Mt Gambier Christmas Parade I'll introduce you to a young bloke from here in the LSC who is about to release an album Shane A Bassett is back talking movies and streaming And its a long weekend with a whole lot going on.See omnystudio.com/listener for privacy information.
Is the 6-1 victory by the Lady Greens over Dallas Trinity the most impressive win in LSC history? Could Cat Barry trade in her old boots for ones of gold? What are the positives we can take from the men's loss to New Mexico and how will we handle the road ahead?The CKL crew is back and covering it all!#lexgo #lexingtonsportingclub #uslchampionship #gainbridgesuperleague #soccer
Aina és estudiant en LSC
A couple of weeks have gone by since our last episode and Lexington Sporting Club has taken us on an emotional adventure during the interlude! The squad studies the dichotomy of results and tries to pin down which version of the team is the "real" us that needs to characterize the rest of our season. Jump in for all of the philosophical LSC content you can handle!#lexgo #lexingtonsportingclub #uslchampionship #uslsuperleague #soccer
Corporate counsels discuss the private sector's role in expanding access to civil legal services for Americans who cannot afford an attorney on Talk Justice. This conversation was recorded at LSC's Detroit forum on July 15. The guests discuss how collaboration, innovation and leadership are key to expanding access to justice, and how private businesses can contribute to efforts to provide civil legal assistance for everyday Americans. Learn more about your ad choices. Visit megaphone.fm/adchoices
Corporate counsels discuss the private sector's role in expanding access to civil legal services for Americans who cannot afford an attorney on Talk Justice. This conversation was recorded at LSC's Detroit forum on July 15. The guests discuss how collaboration, innovation and leadership are key to expanding access to justice, and how private businesses can contribute to efforts to provide civil legal assistance for everyday Americans.
In this spirited episode of Get a Grip on Lighting, hosts dive deep into the highs and hiccups of the LSC training held in Dallas — a hands-on lighting controls certification course that left attendees saying, "It hurt good."
Some people are giving the Icicle Kit the cold shoulder, while others are ready to embrace the freeze, and the crew has a LOT of thoughts on the matter. New kits aren't the only thing that has LSC fans buzzing though. An exciting match against Sacramento to extend our unbeaten streak has us feeling good as we look to take on Lou City this weekend for the next installment of El Bluegrassico...er The Commonwealth Cup...er The Complimentary Secondary Color Kentucky Soccer Face Off...or whatever you want to call it! We break it all down and make some predictions!#lexgo #lexingtonsportingclub #uslchampionship #soccer
Legal experts discuss the critical role civil legal services play in addressing the legal needs of older Americans on Talk Justice. Last year, LSC-funded legal organizations assisted more than 312,000 Americans age 60 and up with their legal problems. Issues surrounding wills, power of attorney and advance directives are common for aging Americans, and seniors are often targeted for scams and fraud. These legal crises can exacerbate other stressors, such as rising housing costs and medical issues that can undermine seniors' safety, stability and ability to age in their home with dignity and autonomy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Legal experts discuss the critical role civil legal services play in addressing the legal needs of older Americans on Talk Justice. Last year, LSC-funded legal organizations assisted more than 312,000 Americans age 60 and up with their legal problems. Issues surrounding wills, power of attorney and advance directives are common for aging Americans, and seniors are often targeted for scams and fraud. These legal crises can exacerbate other stressors, such as rising housing costs and medical issues that can undermine seniors' safety, stability and ability to age in their home with dignity and autonomy.
The Championship squad pulled another point out of their latest road trip. The 25-26 Super League ladies made their debut in a historic meeting against Racing Louisville to split the winnings. Kits are tempting wallets. Jack Brown's is proving to be THE LSC away day spot. What's not to love?#lexgo #lexingtonsportingclub #uslchampionship #uslsuperleague #soccer
This Day in Legal History: Newlands ResolutionOn July 7, 1898, President William McKinley signed the Newlands Resolution, formally annexing the Hawaiian Islands into the United States. Unlike traditional territorial expansion through treaties, this annexation occurred via a joint resolution of Congress—an unusual and legally contested mechanism. The resolution was named after Representative Francis Newlands of Nevada and passed by a narrow margin, reflecting deep divisions over imperialism, expansion, and national identity. Supporters argued that annexing Hawaii would bolster American strategic and economic interests, particularly as the U.S. was engaged in the Spanish-American War and needed a naval base in the Pacific.The legality of annexation by joint resolution, as opposed to treaty ratification requiring a two-thirds Senate majority, sparked constitutional debate. Critics contended that this method sidestepped constitutional checks and amounted to imperial overreach. Native Hawaiians had overwhelmingly opposed annexation, as demonstrated in the Kūʻē Petitions signed by over 20,000 islanders. The resolution disregarded this opposition, cementing a colonial dynamic that would echo in future U.S. territorial acquisitions.The annexation also laid the groundwork for the eventual formation of the Territory of Hawaii in 1900 and its statehood in 1959, though not without continued controversy and calls for sovereignty. Legally, the Newlands Resolution exemplified the flexibility—and limits—of congressional authority in foreign affairs and territorial governance. It also introduced enduring questions about consent, self-determination, and the legitimacy of U.S. expansionism under constitutional law.This event highlights how domestic legal processes were used to justify international actions, revealing tensions between democratic ideals and imperial ambitions.A rare trial is beginning in Boston over a lawsuit challenging the Trump administration's policy of deporting international students and faculty involved in pro-Palestinian activism. The case was brought by academic groups including the American Association of University Professors and the Middle East Studies Association. It centers on actions taken after Trump signed executive orders targeting non-citizens with so-called "hateful ideology" and promising to fight antisemitism. Plaintiffs allege that these directives led the State and Homeland Security Departments to revoke visas and detain students like Columbia graduate Mahmoud Khalil and Tufts student Rumeysa Ozturk, both of whom were targeted after expressing pro-Palestinian views.Unlike most Trump-era immigration cases, this one is proceeding to a full trial rather than being decided early by a judge. U.S. District Judge William Young emphasized that a trial is the best path to uncover the truth. Plaintiffs argue the policy violates the First Amendment, accusing the administration of suppressing political dissent on college campuses. The administration denies a deportation policy exists, claiming decisions are made based on security concerns, not ideology. Homeland Security officials insist the U.S. won't tolerate advocacy that they perceive as violent or anti-American.The trial outcome could shape how immigration authorities interpret and apply free speech protections to non-citizens in academic settings. It's only the second Trump-era policy case to reach trial under Judge Young, who has publicly criticized the judiciary for avoiding fact-finding through trials.Rare trial to begin in challenge to Trump-backed deportations of pro-Palestinian campus activists | ReutersApple has formally appealed a €500 million ($587 million) fine imposed by the European Commission for allegedly violating the Digital Markets Act (DMA). The Commission found that Apple restricted app developers from directing users to more affordable options outside its App Store, which regulators said limited competition and consumer choice. Apple filed its lawsuit at Europe's second-highest court on the last day allowed for appeal, arguing that the fine is excessive and that the EU is overreaching by trying to dictate how it operates its App Store.The company claims it altered its policies to comply with the DMA and to avoid further daily fines, which could amount to €50 million per day. Apple also contends that the Commission's demands are both confusing for developers and harmful to users. Despite the changes, EU regulators are still reviewing the company's new terms and have solicited feedback from app developers before deciding if additional enforcement is needed.The case is part of broader efforts by the EU to rein in the influence of major tech companies and ensure fair digital market practices under the newly implemented DMA.Apple takes fight against $587 million EU antitrust fine to court | ReutersMaryland Legal Aid (MDLA), a critical legal support system for low-income individuals, especially women and domestic violence survivors, is facing a potential funding crisis due to the Trump administration's 2026 budget proposal. The proposal includes $21 million to close out the Legal Services Corporation (LSC), which provides federal funding to 130 nonprofit legal aid programs across the country, including MDLA. This move would eliminate a key source of support for clients like a Moroccan immigrant mother in Baltimore, who received urgent legal help from MDLA while still hospitalized from domestic abuse.LSC-funded services assist people earning at or below 125% of the federal poverty line, a group that includes a significant portion of Baltimore residents, where one in five people live in poverty. MDLA, the largest legal aid provider in the state, operates 12 offices and assists hundreds of clients each week with issues like eviction defense, expungement, and protection from abuse. Despite receiving only 14% of its funding from LSC, losing this support would result in fewer clients being served at a time when demand is growing.Staff at MDLA describe their work as essential, often likening their intake offices to emergency rooms. Without legal aid, tenants and abuse victims often face court alone, without understanding their rights. Advocates say that legal aid services prevent homelessness, violence, and broader social harm. While similar efforts to cut LSC funding have failed in the past, the current budget process will determine if the latest proposal gains traction.Legal Aid That Helped Abuse Victim Threatened with Trump Cuts This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
In this episode of the Fund Friday podcast, hosts Craig McGrouther and Joe Pistorius dive into the critical role of asset management in multifamily. Joe shares insights from managing over 2,500 units across 11 properties, revealing how different property vintages require different levels of care and why having the right on-site teams can make or break a property's performance. The conversation explores innovative approaches to team structure, including creating separate career tracks for sales-focused leasing agents versus operations-focused managers, and how Lone Star's unique "paid-up unit" bonus structure drives both collections and retention. They also discusses how LSC is leveraging social media platforms like TikTok for leasing, moving beyond traditional apartment listing sites to meet the next generation of renters where they are.Apply to attend the LSC Summit 2025:www.lscsummit.comDownload our FREE Passive Investor Guide:https://www.lscre.com/content/passive-investor-guide Subscribe to our newsletter and get the FREE Underwriting Toolkit:https://www.lscre.com/resource/fof-underwriting-toolkitLearn more about Lone Star Capital:www.lscre.comFollow me on LinkedIn:https://www.linkedin.com/in/rob-beardsleyRead my latest articles:https://www.lscre.com/blog
A judge, legal aid director and legal aid client come together to discuss the potential impact of the White House's proposal to eliminate the Legal Services Corporation (LSC) on the latest episode of Talk Justice. On May 30, the Trump Administration announced its proposed federal budget for 2026, calling for the elimination of LSC. In light of this, Flagg guides the guests through a conversation about the tangible impacts of defunding civil legal services, explaining how the impact will be felt at every level. Learn more about your ad choices. Visit megaphone.fm/adchoices
A judge, legal aid director and legal aid client come together to discuss the potential impact of the White House's proposal to eliminate the Legal Services Corporation (LSC) on the latest episode of Talk Justice. On May 30, the Trump Administration announced its proposed federal budget for 2026, calling for the elimination of LSC. In light of this, Flagg guides the guests through a conversation about the tangible impacts of defunding civil legal services, explaining how the impact will be felt at every level.
This Day in Legal History: SEC EstablishedOn this day in legal history, June 6, 1934, the United States Securities and Exchange Commission (SEC) was established as part of the sweeping reforms of the New Deal. The SEC was created by the Securities Exchange Act of 1934 in response to the stock market crash of 1929 and the ensuing Great Depression, which exposed widespread fraud, manipulation, and lack of oversight in the financial markets. Its primary mission was, and remains, to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.President Franklin D. Roosevelt appointed Joseph P. Kennedy, a former stockbroker and businessman, as the SEC's first chairman. The choice was controversial—Kennedy had profited handsomely from some of the same speculative practices the SEC was meant to prevent—but Roosevelt believed that Kennedy's insider knowledge would make him an effective regulator.The SEC was empowered to regulate the securities industry, enforce federal securities laws, and oversee the nation's stock and options exchanges. Among its early duties were requiring public companies to file detailed financial disclosures, registering securities before public offering, and monitoring insider trading. The commission also played a key role in restoring investor confidence in U.S. capital markets during a time of deep financial mistrust.Over time, the SEC expanded its reach, responding to new financial products, trading technologies, and crises. From investigating corporate accounting scandals like Enron and WorldCom, to managing the regulatory fallout of the 2008 financial crisis, the SEC has remained a pivotal force in shaping American financial law. It continues to evolve, now addressing issues such as crypto asset regulation, ESG disclosures, and algorithmic trading.Speaking of the SEC, U.S. District Judge Reggie Walton dismissed a lawsuit challenging the SEC 2020 rule changes that made it more difficult for shareholders to submit proposals at corporate annual meetings. The rules, enacted late in President Trump's term, raised the ownership thresholds and lengthened holding periods required to file shareholder proposals. They also introduced stricter resubmission requirements for proposals previously rejected by shareholders.The plaintiffs, including the Interfaith Center on Corporate Responsibility, As You Sow, and shareholder advocate James McRitchie, argued the changes disproportionately harmed proposals on environmental, social, and governance (ESG) issues and reduced long-term shareholder value. They claimed the SEC failed to assess the benefits of such proposals before implementing the rules.Judge Walton rejected these claims, ruling that the SEC adequately justified the changes under its mandate to promote efficiency, competition, and capital formation. The SEC, which had defended the rules during both the Trump and Biden administrations, argued that the reforms ensured shareholder proposals had broader relevance and potential for meaningful corporate action. The 2020 vote on the rule changes split along party lines, with Republican commissioners in support. While the SEC declined to comment on the ruling, the plaintiffs expressed disappointment and affirmed their commitment to corporate engagement on environmental and social issues.SEC wins dismissal of lawsuit challenging tighter rules on shareholder proposals | ReutersOpenAI filed an appeal challenging a court order that requires it to indefinitely preserve ChatGPT output data in an ongoing copyright lawsuit brought by The New York Times. OpenAI argues the order conflicts with its user privacy commitments and sets a troubling precedent. The preservation directive was issued last month after The Times requested that all relevant log data be maintained and segregated.OpenAI CEO Sam Altman publicly criticized the order on social media, affirming the company's stance against actions it sees as compromising user privacy. The appeal, filed on June 3, asks U.S. District Judge Sidney Stein to vacate the preservation requirement.The lawsuit, filed in 2023, accuses OpenAI and Microsoft of using millions of Times articles without permission to train ChatGPT. In April, Judge Stein ruled that The Times had plausibly alleged that OpenAI and Microsoft may have encouraged users to reproduce copyrighted content. The ruling rejected parts of a motion to dismiss the case and allowed several of the Times' claims to move forward, citing multiple examples of ChatGPT generating material closely resembling Times articles.OpenAI appeals data preservation order in NYT copyright case | ReutersPresident Donald Trump's 2026 budget proposal includes a plan to eliminate the Legal Services Corporation (LSC), an independent agency that funds civil legal aid for low-income Americans. The proposal seeks $21 million for an "orderly closeout" of the organization, which had requested $2.1 billion to meet growing demand. The LSC supports 130 nonprofit legal aid programs that assist with issues such as evictions, disaster recovery, and access to public benefits.Critics warn that the move would devastate legal aid access for millions, particularly in rural areas and the South. In Louisiana, for example, there is just one legal aid lawyer for every 11,250 eligible residents. Legal aid leaders say they already turn away half of those seeking help due to budget constraints, and the proposed funding cut would further limit their reach.Organizations like Southeast Louisiana Legal Services and Legal Aid of North Carolina would lose 40–50% of their funding, jeopardizing services for communities still recovering from recent hurricanes. Legal Services NYC, the largest legal aid provider in the country, has implemented a hiring freeze in anticipation of possible cuts.The proposal revives a long-standing conservative goal. Past Republican efforts to dismantle the LSC date back to the Reagan era, and Trump made a similar attempt in 2018. The Heritage Foundation has accused the LSC of supporting controversial causes, but legal aid advocates argue the organization is vital to community stability and fairness in the justice system.Trump Plan to Ax Legal Aid a Conservative Aim That Targets PoorIn a piece I wrote for Forbes last week, I discuss how the IRS has quietly released the underlying codebase for its Direct File program on GitHub, marking a rare moment of transparency in government software. At the center of this release is something called the “Fact Graph,” a logic engine that models tax rules as interrelated facts rather than a linear checklist. Built using XML and Scala, the Fact Graph interprets ambiguous tax data, identifies contradictions or omissions, and suggests paths forward, all in a transparent, declarative format.What sets this apart is that, unlike proprietary tax software, Direct File's logic isn't hidden—it's open, reviewable, and potentially improvable by anyone. This move not only demystifies some of the inner workings of tax enforcement but also sets a precedent: if algorithms are mediating our legal obligations, we should be able to see and understand the rules they follow.The release is particularly striking in an era of eroding public trust in institutions and increasing reliance on automated decision-making. While Direct File itself remains limited in scope and its future uncertain, the open-sourcing of its logic engine may have laid the groundwork for broader change. Other agencies—from state tax departments to those experimenting with AI-driven policy enforcement—could adopt similar transparency, allowing the public to engage with and even help refine the systems that govern them.Peeking Behind The Code—IRS Just Open-Sourced Direct FileThis week's closing theme is by Robert Schumann and comes courtesy of Christopher Zbinden. This week's closing theme is Robert Schumann's Toccata in C major, Op. 7, a dazzling showcase of Romantic-era pianism and one of the most technically demanding works in the standard repertoire. Composed in 1830 and revised in 1833, the piece earned a reputation early on as a pianist's Everest—Franz Liszt himself dubbed it “the hardest piece ever written.” Clocking in at just over five minutes when played at tempo, it's a relentless whirlwind of perpetual motion, requiring both physical stamina and interpretive precision.The toccata form, traditionally a virtuosic keyboard piece emphasizing dexterity, becomes in Schumann's hands something more cerebral. Beneath its bravura surface lies a structure built on two contrasting themes, developed with intricate counterpoint and rhythmic displacement. The left hand must execute rapid repeated notes and wide leaps with precision, while the right weaves through syncopated figures and chromatic runs, creating a dense musical texture.Schumann dedicated the piece to his friend Ludwig Schuncke, who had recently died at the age of 23. That personal connection adds an emotional layer to a work that might otherwise be heard as pure technical spectacle. Unlike many showpieces of the era, Schumann's Toccata isn't just difficult for difficulty's sake—it's an expression of obsession, energy, and youthful ambition.For a composer better known for lyrical piano miniatures, the Toccata is an early signal of the depth and range Schumann would explore in later works. As this week closes, it offers a fitting sendoff: intricate, driven, and a little manic—in the best Romantic sense of the word.Without further ado, Robert Schumann's Toccata in C major, Op. 7 – enjoy! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
The inaugural Super League season is officially over for LSC and the squad left us with a memorable 3-3 match to end on! But what is waiting for us as preseason looms on the horizon?Jessica, Dillon, and Tyler reflect on the season finale and try to sort through probabilities, trends, hopes, and dreams to figure out what the future holds. Join us on the journey and don't forget to thank a LSC Super League player for repping our city!#lexgo #lexingtonsportingclub #uslsuperleague #soccer
Debra Freitas, CEO of Light Source Communications (LSC), and Pete Empie, CSO and President of LSC, join JSA TV live from PTC'25 in Honolulu to recap 2024 and discuss the company's progress on its dark fiber networks in Phoenix and Tulsa, as well as new additions to LSC's executive leadership team, AI connectivity and more. #PTC'25
In April, LSC published a research brief, “The Economic Case for Civil Legal Aid,” which shows the results of a systematic review of 56 economic impact studies conducted between 2003 and 2023. The independent evaluations examined 39 different states. Every study found a positive return on investment (ROI) for civil legal aid spending, with an average return of $7 for every $1 invested in these legal services. Hear one compelling example from a medical-legal partnership between Amerihealth Caritas D.C. and Children's Law Center. Learn more about your ad choices. Visit megaphone.fm/adchoices