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6/30/16 9:05 AM CT | Author: Introduction by Brian T. Sumner
At its origins, “compliance” is about the rules that govern behavior and expectations – from governments, employers, industry regulators, and others. Compliance focuses on how we communicate such rules, how we comply with them, and what we do when we violate them. The conflicts of laws that dot the legal landscape (in some cases more severely than in others) flow down to the discipline of compliance, and we as “compliance” practitioners wrestle with those conflicts.
6/29/16 3:15 PM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
Very recently, Uber announced that it was opening for business in Argentina. In those circumstances, Uber's app was available to Argentine users for some days, until it met different barriers which aimed to put it off the market.
6/28/16 12:20 PM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
All Business Law Section members are invited to the free CLE webinar “Bankruptcy Basics: What Every Business Lawyer Needs to Know About the Bankruptcy Process” this Thursday, June 30.
6/24/16 9:47 AM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
On May 11, 2016, President Obama signed the Defend Trade Secrets Act (DTSA) into law. This important new legislation creates a federal private civil cause of action for trade secret misappropriation in which "[a]n owner of a trade secret that is misappropriated may bring a civil action . . . if the trade secret is related to a product or service used in, or intended for use in, interstate or foreign commerce." Defend Trade Secrets Act of 2016, S. 1890, Sec. 2. The statute does not preempt existing state trade secret law regimes, but will exist in parallel, adding an enhanced toolbox of options for American companies' enforcement of their intellectual property rights.
6/23/16 10:35 AM CT | Author: ABA Membership and Marketing
Bringing structure to chaos is a good way to describe the work of Keith Porcaro of Social Impact Lab in Washington, DC. Just back from a project in India, this web developer-turned-lawyer is poised to battle the bureaucracy of the legal aid system. Hear his vision and post your questions.
6/20/16 9:42 AM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
Legislation aimed at updating the Section 13(d) beneficial ownership reporting requirements has been introduced in Congress. The Brokaw Act would direct the SEC to amend Section 13(d) rules to reduce the initial filing window period applicable to the acquisition of a 5% stake in an equity security of a company from 10 days to two business days and require disclosure of short positions. It would also broaden the definition of beneficial ownership to include any pecuniary or indirect pecuniary interest, and would expand the category of persons required to file under Section 13(d) to include "2 or more persons acting as a partnership, limited partnership, syndicate, or other group, or otherwise coordinating the actions of the persons.”
6/7/2016 3:30 PM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
The profession has seen a number of law firms dissolve in the last few decades. When law firms fail, a number of ethical and risk management issues surface that require careful and conscious planning to successfully navigate. These issues relate to everything from client property and client files, to conflicts of interest, client confidentiality, billing and collection of legal fees, and migration of lawyers and staff.
6/2/16 10:15 AM CT | Author: Kyle Carson
Welcome to Content Corner with the Business Law Section’s Taxonomy Specialist. Below is a list of the content that the Section has produced in May.
6/2/16, 9:00 AM CT
May 2016: a time of deep worry and insecurity for American business. As our society barrels toward deeper reliance on networked technology and the Internet, we are discovering the stumbling blocks in our path. One of the most persistent blocks is the security and dependability of our transactions in cyberspace, our reputations in the electronic world, and our vehicles’ connections to the great network.
5/26/16 10:45 AM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
Do your venture capital or private equity clients have funds invested in UK companies or have any UK limited liability partnerships (LLPs) in their structures? If so, commencing on April 6th, 2016, the details of some of the partners in those structures may need to be listed on the UK's "people with significant control" (PSC) register. Here are 10 things you need to know about the new PSC register regime.
5/25/16 10:15 AM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
Over twenty years ago, the Second Circuit remarked that “virtually no caselaw” exists interpreting the United Nations Convention on Contracts for the International Sale of Goods (“CISG”), a newly enacted treaty governing the international sale of goods with uniform rules of contract formation and interpretation.1 Today, with over eighty signatory countries, including the United States, more than 3,000 reported CISG decisions are compiled into a searchable database maintained by Pace University’s Institute of International Commercial Law at http://iicl.law.pace.edu/cisg/cisg.
5/20/16 9:50 AM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
All Business Law Section members are invited to the free CLE webinar “History and Development of Federal and State Consumer Financial Services Laws and Regulations.”
5/19/16 9:50 AM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
Angel investors should be excited about recent legislative changes that are likely to improve the overall after-tax returns on their investment portfolios.
5/2/2016 10:53 AM CT | Author: Jeff Kelton, Section Membership & Marketing Specialist
Contrary to what Pink Floyd thinks, as a lawyer, you actually do. Let the Business Law Section be your teacher!
5/5/16 10:25 AM CT | Author: Kyle Carson
Welcome to Content Corner with the Business Law Section’s Taxonomy Specialist. Below is a list of the content that the Section has produced in April.
5/4/16, 8:35 AM CT | Intro by Kathleen Hopkins, Chair of the Career and Practice Development Committee
The Business Law Section is part of the American Bar Association. We are proud of, and value, our affiliation with the ABA, but our name is something of a misnomer. Given the diversity of our membership, program, and our members’ substantive work, a more accurate moniker would be the ABA’s Global Business Law Section. Indeed, our 46,470 members represent over 100 countries, including our current Section chair, Canadian business lawyer William Rosenberg.