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A de facto regulation may be followed by an organization as a result of the market size of the jurisdiction imposing the regulation as a proportion of the overall market; wherein the market share is so large that it results in the organization choosing to comply by implementing one standard of business with respect to the given de facto law ...
A de facto standard is a custom or convention that is commonly used even though its use is not required. De facto is a Latin phrase (literally " of fact "), here meaning "in practice but not necessarily ordained by law" or "in practice or actuality, but not officially established".
The cost of complying with EU aviation emission regulation puts pressure on manufacturers to design airplanes with improved efficiency and reduced emissions. As major airlines would not likely purchase airplanes specifically to fly outside the EEA, the EU's stricter aviation standards have an impact on global airplane fleets, regardless of the ...
Strict scrutiny holds the challenged law as presumptively invalid unless the government can demonstrate that the law or regulation is necessary to achieve a "compelling state interest". The government must also demonstrate that the law is "narrowly tailored" to achieve that compelling purpose, and that it uses the "least restrictive means" to ...
The de facto merger doctrine states that courts will look to substance over form when determining whether statutory merger law applies to a company's shareholders.Thus, where an asset acquisition leads to the same result as a statutory merger, these jurisdictions demand that shareholders are given the same rights as in the statutory merger.
Generally informative in nature, Advisory Circulars are neither binding nor regulatory; yet some have the effect of de facto standards or regulations. [10] The FAA establishes regulation of U.S. civil airspace through issuance of Federal Aviation Regulations (FAR). Issuing or amending FARs requires a potentially lengthy period of public ...
The White House said the president wants to end a carried interest tax break prized by Wall Street hedge funds and private equity firms.
In U.S. law, particularly after Brown v. Board of Education (1954), the difference between de facto segregation (that existed because of voluntary associations and neighborhoods) and de jure segregation (that existed because of local laws) became important distinctions for court-mandated remedial purposes.