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Because of the Delaware
Supreme Court's narrowing of
the reach of the implied covenant
in Nemec, careful drafting of LLC
agreements is more critical than ever.
INSIDE BUSINESS LAW:
Highlights of Committee Work Product
Focus on Banking Law
The Banking Law Committee has just published some timely and fascinating
content in the Banking Law Committee Journal. If your practice involves
financial institutions, you will not want to miss these recent articles:
Are you familiar with the federal regulations outlining "living will"
requirements for large bank holding companies and important
nonbank financial companies? Such institutions must now
prepare plans for their rapid and orderly resolution under the
Bankruptcy Code in the event of material financial distress or
failure, and Reena Agrawal Sahni and Brandon Smith provide a
timely summary of such regulations. [Materials]
"Basel III" is a global regulatory standard on bank capital
adequacy and liquidity that is currently being implemented by
Canada. Blair Keefe and Eli Monas provide a detailed summary
of the Canadian implementation, as well as what Basel III will
mean to U.S. banks. Don't miss this article, as it provides a
chance to gain a full understanding of an emerging issue. [Materials]
Does a recent decision from the D.C. Circuit signal new limits on
Dodd-Frank? Satish M. Kini and Samuel E. Proctor address this
question in this article [Materials].
No matter what the focus of your business law practice, sooner or
later you will have to deal with the unique legal issues
surrounding the business of healthcare. With that in mind, you will
not want to miss these important materials from the 2011 ABA
Annual Meeting:
For an essential primer on closing deals involving
companies in the healthcare sector, you won't want to
miss this presentation [Materials |
Program Audio].
The full implementation of the federal Patient Protection
and Affordable Care Act will fundamentally change the
business of U.S. healthcare. For a detailed summary of the
likely effects, be sure to listen to and view this
presentation [Materials |
Program Audio].
Business lawyers will not want to miss the in-depth analysis of
developments in Delaware limited partnership law found in the
November 2011 edition of the Pubogram from the LLCs,
Partnerships, and Unincorporated Entities Committee and the summary of the TriBar LLC
Opinion Report on LLC Membership Interests [Materials].
Do you ever need to serve process in Spain? How about
Kazakhstan? Cross-border service of process is a unique litigation
issue that is governed by the Hague Service Convention. The
Business and Corporate Litigation Committee makes sense of it
with this article [Materials].
For a compendium of the latest cases and issues regarding insider
trading, refer to this presentation from the 2011 ABA Annual
Meeting. You may especially appreciate the summary of recent
cases in the printed materials, as it will serve as a handy
reference guide[Materials |
Program Audio].