Safe Harbor
What is a Safe Harbor? A Safe Harbor is a provision in law or regulation that affords protection from liability or penalty and reduces liability if certain conditions are met. Examples discussed in this article: Business Judgment Rule The Digital Millennium Copyright Act of 1998 (USA) Transfer Pricing (India) Business Judgment Rule Safe harbor provisions appear...
Retainer Fee
What is a Retainer Fee? A retainer fee is an upfront fee paid by a client for the professional services of an advisor, consultant, lawyer, freelancer, etc. The fee is commonly associated with attorneys who are hired to provide legal services. This fee is used to guarantee the commitment of the service provider but does...
Multilateral Trading Facility (MTF)
What is a Multilateral Trading Facility (MTF)? A multilateral trading facility (MTF) is a financial trading venue that serves as an alternative to a traditional trading exchange, such as the New York Stock Exchange (NYSE). MTFs connect multiple buyers and sellers through computerized systems in accordance with rules prescribed by Europe’s Markets in Financial Instruments...
US Bankruptcy Code
What is the US Bankruptcy Code? The US Constitution gives the US Congress the authority to enact laws on the subject of bankruptcy for the country. In exercising this authority, legislators have passed several laws on the subject of bankruptcy, the most recent being the Bankruptcy Reform Act of 1978, which largely governs the country’s...
Fee Tail
What is a Fee Tail? A Fee Tail is a provision that is included in an engagement letter relating to the termination of an investment banker’s engagement in a sale transaction. The services of the investment banker handling the transaction may be terminated before closing the deal, and the fee tail provision offers guidance on...
