The Agribusiness Committee of the California Lawyers Association’s Business Law Section presents guest speaker Mike Howerton on the topic: Intuitive Business Development for Overworked Lawyers on February 21, 2023, at 12 noon to 12:30 p.m. Get real tips and a practical action plan to grow and development your legal practice from an entrepreneurial and executive coach! Read more
Panel Discussion of new Section 119 to the California Corporations Code providing for corporate ratification and judicial validation of noncompliant corporate actions, similar to laws adopted in Delaware and Nevada. Read more
In Akhlaghpour v Orantes, 86 Cal. App. 5th 232 (2022), the California Court of Appeal reversed a trial court decision which granted a demurrer without leave to amend and dismissed a lawsuit filed by a former chapter 11 debtor against her chapter 11 attorney for malpractice. Read more
David Gurnick, who recently passed away unexpectedly was a long time member of the Business Law Section. He previously served on the BLS’ Franchise Law Committee. Read more
The New York Court of Appeals (the Court) recently held that under the Uniform Commercial Code (UCC) the holder of an exercisable security interest in a borrower’s receivables is an “assignee” under UCC § 9-406, such that once the holder gives notice to the borrower’s account debtor, the account debtor must pay the holder, not the borrower, to receive credit for the payment. Read more
It is a great honor to take the helm of the Business Law Section for its 46th year. I am at once excited and grateful, to return to more physical, in-person meetings, as well as face-to-face networking, programs and events! Read more
Courtesy of CEB, we are bringing you selected legal developments in areas of California business law that are covered by CEB’s publications. This month’s feature is from the January 2023 update to Organizing Corporations in California. Read more
Addressing a matter of first impression in the Fifth Circuit, the United States Bankruptcy Court for the Western District of Texas (the “Court”) in Avion Industries, LLC v. GFS Indus., LLC, (In re GFS Industries, LLC) 2022 Bankr. LEXIS 3199; 2022 WL 16858009 (Bankr. W.D. Tex., San Antonio Div. November 10, 2022) recently dismissed an adversary proceeding under Federal Rule 12(b)(6), holding that “corporate debtors electing to proceed under Subchapter V of Chapter 11 are not subject to complaints to determine dischargeability pursuant to [section] 523(a)” and that section 727 is inapplicable in Subchapter V cases. Read more
The United States Bankruptcy Court for the Western District of Missouri (“the Court”) recently ruled that non-exempt equity in a residence which appreciates in value after the petition date of a chapter 13 case but before the case is converted to chapter 7 accrues for the benefit of the estate, not the debtor, joining a slight minority of courts weighing in on the issue. In re Goetz, 2022 Bankr. LEXIS 3188, 2022 WL 16857109 (Bankr. W.D. MO. November 10, 2022). Read more