corporate transactions

On July 19, 2011, the U.S. Federal Trade Commission (the “FTC”) and the U.S. Department of Justice, Antitrust Division (the “DOJ”) issued a Final Rule Publication with respect to a number of revisions (the “Revisions”) to the Hart-Scott-Rodino Premerger Notification Rules (“HSR”).  The Revisions became effective on August 18, 2011.

The FTC and the DOJ

On August 13, 2010, New York State laws were amended to clarify that powers of attorney executed by individuals in New York primarily for a business or commercial purpose need not comply with the onerous requirements that went into effect on September 1, 2009. Following the 2009 amendments, the New York General Obligations Laws technically