BLT: June 2011

Business & Corporate

Chapter 9 Municipal Bankruptcy: The New "New Thing"? Part II

Henry C. Kevane

This article is the second part of an overview on municipal bankruptcies under Chapter 9. The first article appeared in the previous month’s issue of Inside Business Law.

Business & Corporate

Return of the Earnout: An Important Tool for Acquisitions in Today's Economy

This article provides an overview of “earnouts” as a tool for parties involved in the purchase and sale of a business to use in arriving at an agreeable purchase price.

Business & Corporate

Return of the Earnout: An Important Tool for Acquisitions in Today's Economy

This article provides an overview of “earnouts” as a tool for parties involved in the purchase and sale of a business to use in arriving at an agreeable purchase price.

Business & Corporate

KEEPING CURRENT: Anti-Corruption: The Bribery Act 2010 Guidance: Countdown to Implementation

This article summarizes and comments upon the UK Minister of Justice’s March, 2011 guidance on the UK Bribery Act, effective July, 2011.

Business & Corporate

KEEPING CURRENT: Foreign Corrupt Practices Act: Central District of California Rejects Argument that State-Owned Corporations Can Never Be "Instrumentalities" of Foreign Governments

This article reviews an April, 2011 federal trial court decision that provides some guidance on how to assess whether a state-owned or state-controlled company can be considered an "instrumentality" of a foreign government and thus whether such a company's employees are "foreign officials” under the Foreign Corrupt Practices Act.

Business & Corporate

FOCUSING ON PRO BONO: Pro Bono for Business Lawyers: Is it Always Transactional?

Elizabeth M. Guggenheimer

In fall, 2010, several dozen attorneys from around the country donated their time and expertise to help community credit unions acquire the tail end of TARP funds to benefit low-income communities. This fast paced, significant pro bono legal project was coordinated by Lawyers Alliance for New York. Lawyers Alliance and its network of volunteer law firms took an active role in enabling nonprofit organizations to receive loans from the U.S. Treasury Department CDFI Fund. The program, called the Community Development Capital Initiative (CDCI), made returned TARP funds available to CDFI-certified community development credit unions and community development banks.

Business & Corporate

Inside Business Law

This month’s IBL provides links to materials from recent presentations on commercial law, cross-border transactions, maximizing value for corporate clients, solar energy projects, and finance 101. This issue also provides a quick summary of the proposed national breach notification law.