Laws prohibiting unreasonable restraints on interstate and foreign trade and commerce.
The laws promote competition and protect consumers from anti-competitive behavior.
Banking law is a legal practice area that focuses on depository institutions and federal and state laws regulating those institutions and their operations.
Banks are regulated primarily by two different kinds of laws: banking law and finance law. Banking laws can define restrictions on a bank's lending requirements, types of investments in which banks can engage, and reporting requirements related to these investments.
Bankruptcy Tax Laws
In the United States, bankruptcy is governed by federal law and, within each state, by state law. The bankruptcy of a business (or of an individual, see bankruptcy (disambiguation)) typically triggers a stay that halts most legal actions against the company's assets.
During bankruptcy, the assets of the bankrupt business no longer belong to the company and instead vest in the trustee, who is tasked with liquidating those assets and distributing the proceeds to the creditors.
Securities laws play a heavy role in finance law, mainly in publicly traded businesses. If a company sells stocks or other securities, there are several disclosure obligations they must comply with. For example, they must create written disclosures to shareholders and file financial reports with the Securities and Exchange Commission (SEC).
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