United States: Corporate/Commercial Law

At Walkup Law, community involvement includes helping shape the future of the legal profession. Shareholder Khaldoun Baghdadi is actively involved with Just The Beginning – A Pipeline Organization(JTB), a nonprofit dedicated to introducing students to legal careers through mentorship, education, and hands-on learning opportunities.

The Texas Business Court's July 2026 decision in Jeremiah Counsel Corporation v. Ben Young examines how courts navigate the tension between church autonomy principles and statutory corporate governance requirements when religious organizations incorporate under Texas law. This case explores whether Second Baptist Church of Houston properly amended its governing documents to eliminate member voting rights and what remedies, if any, are available to dissenting members under the Texas Business Organizations Co

Tax-exempt nonprofit organizations face complex rules governing their political and public policy activities, but these restrictions are often narrower than commonly believed. Understanding the distinction between permissible education and advocacy versus prohibited campaign intervention is crucial for nonprofits seeking to participate in public discourse while maintaining their tax-exempt status.

As digital assets become as critical as physical infrastructure in the energy sector, cyber vulnerabilities are escalating with nation-state actors targeting industrial control systems through increasingly sophisticated attacks. Investors and financiers are now embedding dedicated cybersecurity advisors into deal teams and restructuring projects to isolate cyber-exposed assets.

Bringing clarity, consistency, and financial discipline to one of the most negotiated elements of a transaction. Mergers and acquisitions are built around agreed expectations. A buyer agrees to pay a particular price based on its understanding of the business being acquired, while the seller expects to deliver that business under an agreed set of financial and operational conditions. Working capital is naturally an important part of that equation.

State legislatures are rapidly expanding oversight of health care transactions, with eight states enacting new laws targeting private equity involvement, MSO arrangements, and REIT transactions. These regulations introduce complex notice requirements, approval processes, and corporate practice restrictions that fundamentally alter how health care deals must be structured and timed.

The Trump administration has released a comprehensive report identifying over 40 countries allegedly involved in transshipment schemes to evade U.S. tariffs on Chinese goods, signaling a major shift in customs enforcement priorities. The report introduces a controversial framework that treats legitimate supply chain diversification as potential tariff evasion, while announcing plans for an AI-powered "Detective Border" system to scrutinize imports with any Chinese connections.

The Department of Justice's National Fraud Enforcement Division has unveiled a restructured framework targeting five critical areas of fraud enforcement, backed by a planned expansion to 500 attorneys and staff. With new specialized prosecution teams and data-driven investigative tools, the Division aims to pursue complex fraud schemes more aggressively across government procurement, healthcare, tax compliance, international trade, and corporate misconduct.

The SEC has approved new NYSE and NYSE American listing rules establishing a $0.25 minimum trading price, effective July 1, 2027. A single closing price below this threshold triggers immediate trading suspension and delisting proceedings with no cure period. Companies trading at low share prices must act now during the transition period to implement reverse stock splits and establish monitoring procedures before this hard floor takes effect.

CF Private Equity President and CEO Mark Hoeing discusses how persistence of returns, disciplined manager selection, and rigorous diligence define success in today's private markets. He shares insights on continuation vehicles, the power law dynamics driving venture capital returns, and identifies founder-owned businesses and AI infrastructure as key sources of future growth.

In this episode of Private Market Talks, CF Private Equity President and CEO Mark Hoeing joins partner Howard Beber to explain how persistence of returns, disciplined manager selection, and rigorous diligence define success in today's market.

Aurelia Edwards, co-founder and general partner of Edin Capital, discusses her transition from startup founder to venture capital fund manager and explains why not every startup should pursue unicorn status. She shares insights on supporting founders with investment strategies that align with their actual business goals rather than forcing them into a Silicon Valley mold, while emphasizing the importance of understanding regional markets and generating both financial returns and community impact.