poison pill. A corporation’s defense against an unwanted takeover bid whereby shareholders are granted the right to acquire equity or debt securities at a favorable price to increase the bidder’s acquisition costs. — Often shortened to pill. See TAKEOVER DEFENSE. Cf. PORCUPINE PROVISION. [Cases: Corporations 310(1). C.J.S. Corporations §§ 475, 477–484, 487–489.] “Another recent tactic […]
rules of the road (1)道路(通行)规则 法律或长期沿袭习惯所确立的道路规则，调整公路上车辆与行人的权利义务关系，其目的在于防止或减少碰撞等事故的发生。 (2)小型船舶的航行规则(→traffic regulation)
A contract in which a government receives goods or services. • A procurement contract, including the bidding process, is subject to government regulation. See FEDERAL ACQUISITION REGULATION. — Also termed government contract. [Cases: Public Contracts 5. C.J.S. Public Administrative Law and Procedure §§ 7–9.]
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A company’s voluntary self-audit to evaluate its environmental-management programs and to determine whether it is in compliance with environmental regulations.
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Federal Aviation Act. A federal law establishing the Federal Aviation Agency (FAA) to be responsible for regulation of aircraft and air travel, including aircraft safety, certification of aircraft personnel, and airport development.49 USCA §§ 44720 et seq. [Cases: Aviation 32.]
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Labor law. A doctrine prohibiting state and local regulation of activities that are actually or arguably (1) protected by the National Labor Relations Act’s rules relating to the right of employees to organize and bargain collectively, or (2) prohibited by the National Labor Relations Act’s provision that governs unfair labor practices. San Diego Bldg. Trades
litis ordinatio (lI-tis or-di-nay-shee-oh). [Latin “the order or regulation of a lawsuit”] Scots law. The form under which a lawsuit is conducted.
offering circular. A document, similar to a prospectus, that provides information about a private securities offering. — Also termed offering statement. [Cases: Securities Regulation 25.50–25.75. C.J.S. Securities Regulation §§ 47, 92–100.]
The division of a tract of land into smaller parcels in violation of local subdivision regulations, as when a developer begins laying out streets, installing sewer and utility lines, and constructing houses without the authorization of the local planning commission. [Cases: Zoning and Planning 372. C.J.S. Zoning and Land Planning § 191.]
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Garmon preemption. Labor law. A doctrine prohibiting state and local regulation of activities that are actually or arguably (1) protected by the National Labor Relations Act’s rules relating to the right of employees to organize and bargain collectively, or (2) prohibited by the National Labor Relations Act’s provision that governs unfair labor practices. San Diego
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