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HTMLAdvisory Panel Recommends Modernization of Ontario’s Corporate and Commercial Laws
Matthew Cumming, Justin A. Lapedus, D.J. Lynde, Candace Pallone, Kelly Peters; McCarthy Tetrault LLP;
Legal Alert/Article
October 21, 2015, previously published on October 2, 2015
On July 9, 2015, the Ontario Ministry of Government and Consumer Services released a report entitled “Business Law Agenda: Priority Findings & Recommendations Report” (the “Report”), which it commissioned to obtain advice on priorities for reforming Ontario’s...


HTMLTexas District Court Affirms Bankruptcy Court’s Use of Claim Estimation Process
Bryan Mann Kotliar; Jones Day;
Legal Alert/Article
August 6, 2015, previously published on July/August 2015
Many companies that file for bankruptcy protection have liabilities that cannot be definitively quantified as of the bankruptcy petition date. Such “unmatured,” “contingent,” “unliquidated,” or “disputed” debts could arise from, among other things:...


HTMLUSDA Announced New Loans to be Placed through Coops to Support Rural Businesses
Sutherland Asbill Brennan LLP;
Legal Alert/Article
August 3, 2015, previously published on July 31, 2015
The USDA’s Rural Business-Cooperative Service announced $18.1 million in loans to support 92 projects related to the start-up or expansion of rural small businesses. These zero-interest loans help utilities fund projects and create and retain employment in rural areas. The South Mississippi...


HTMLEuropean Regulators Publish Second Consultation Paper on Margin for OTC Derivatives
Brian Barrett, James M. Cain, Daphne G. Frydman, Catherine M. Krupka, David T. McIndoe; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 7, 2015, previously published on July 6, 2015
On June 10, the European Supervisory Authorities (ESA) published a second consultation paper on draft Regulatory Technical Standards (RTS) to implement the European Market Infrastructure Regulation (EMIR) requirement that persons classified under EMIR as “financial counterparties” (FCs)...


HTMLNet Neutrality Rules take Effect
Samuel J. Frederick; Foster, Swift, Collins & Smith, P.C.;
Legal Alert/Article
April 10, 2015, previously published on March 27, 2015
The Federal Communications Commission (FCC) passed new rules regarding broadband Internet service regulation in February this year. The concept is referred to as “Net Neutrality”. The ruling appears to frame the Internet into two spheres: (1) the content of the Internet (“content...


HTMLTurning Bytes of Data into a Farming Boon
John W. Mashni; Foster, Swift, Collins & Smith, P.C.;
Legal Alert/Article
April 9, 2015, previously published on March 27, 2015
In an industry built around nature, the earth and the environment, it would have been hard to predict - even 20 years ago - the integral role technology would ultimately play in the agriculture industry. The modern farm operation is using satellite- and microchip-driven equipment, high-tech seeds...


Adobe PDFForeign Fund Was Engaged in a Trade or Business in the United States as a Result of Lending and Underwriting Activities
Jeffrey D. Hochberg, Donald L. Korb, Eric M. Lopata, Andrew P. Solomon, David C. Spitzer; Sullivan & Cromwell LLP;
Legal Alert/Article
March 27, 2015, previously published on January 26, 2015
On January 2, 2015, the Internal Revenue Service (the “IRS”) released Advice Memorandum 201501013 (the “Advice Memorandum”) from the Office of Chief Counsel. The Advice Memorandum concludes that a partnership was engaged in a U.S. trade or business through lending and...


HTMLManaging Risks in Vendor Relationships
Alan B. Clark; Williams Mullen;
Legal Alert/Article
March 24, 2015, previously published on March 5, 2015
For years, banks have relied on third party vendors to provide specialized products or services, or have used outsourcing as a way to reduce internal operating costs. In the wake of the financial crisis, however, regulators have become increasingly concerned about the risks associated with such...


HTMLMilitary Lending Act: Let's Just Throw that Baby Out with the Bath Water
Maurice L. Shevin; Sirote & Permutt, P.C.;
Legal Alert/Article
March 23, 2015, previously published on January 13, 2015
The CFPB has joined in the fray over the expansion of the Military Lending Act's application to traditional installment lending.


HTMLNevada Supreme Court Clarifies That 'Consideration Paid' by Successor Note-Holders Can Limit Recovery in Deficiency Actions
Leslie S. Godfrey, Kara B. Hendricks, Michael R. Hogue; Greenberg Traurig, LLP;
Legal Alert/Article
March 19, 2015, previously published on March 10, 2015
In late 2013, the Nevada Supreme Court issued a 5-2 decision in Sandpointe Apartments v. Eighth Judicial Dist. Ct. which found that 2011 amendments modifying Nevada’s anti-deficiency protections created limitations on the amount a note-purchaser could recover as part of a deficiency judgment....


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