Author name: Jade Cañete

A breach of contract can result in significant financial and operational consequences. This article provides an in-depth overview of the common remedies available under Virginia law, including compensatory, consequential, liquidated, and equitable damages. It also explains when these remedies apply, how they are calculated, and key considerations for drafting enforceable provisions. Understanding your options is essential for effectively managing risk and enforcing your contractual rights.

The Corporate Transparency Act (CTA) faced holiday turmoil as the Fifth Circuit issued conflicting rulings, temporarily pausing reporting requirements. While FinCEN confirmed no penalties for delayed filings, an oral argument on the CTA’s constitutionality is set for March 25, 2025. Business owners should stay alert, as compliance obligations could resume at any moment.

Confused about the Corporate Transparency Act (CTA)? Recent court rulings have created uncertainty about compliance, with conflicting injunctions and a pending Supreme Court decision. As of now, FinCEN states that BOI reporting remains voluntary. Stay updated on the latest CTA legal battles and potential repeal efforts. Read more now!