Business Law

Please join the Nonprofit Organizations Committee for a program on the topic of “California Franchise Tax Board Update For Nonprofit Organizations.” Our presenter is Audrey Rowe, Exempt Organizations Unit, Franchise Tax Board Business Entities Section. The meeting will be held jointly with the Tax Exempt Organizations Committee of the Taxation Section. Read more

The Ninth Circuit Court of Appeals adopted the D.C. Court of Appeals’ responses to questions which it had certified to it, holding that hourly-billed matters are not property of a law firm; that after a partner leaves a law firm, the partner does not have a duty to account to the prior firm for profits on hourly-billed matters; and that a dissolved law firm has no interest in hourly fees earned post-dissolution. Diamond v. Hogan Lovells US LLP, 2020 WL 946025 (9th Cir., Feb. 27, 2020). Read more

The following published decisions may be of interest to attorneys practicing insurance law. 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 March 2020 update to  Understanding Fiduciary Duties in Business Entities.  References are to the book’s section numbers. See CEB’s BLS Landing Page for special discounts for Business Law Section members.  The most significant legal developments since the last update include developments in such important topic areas as fiduciary duties in for-profit corporations; fiduciary… Read more

The BLN Editorial Board is responsible for all editing and publication activities for the quarterly Business Law News and the Annual Review Of Recent Developments And Legislation. Read more

Members of the BLS Health Law Committee (HLC) represent clients in all segments of the health care industry, including physicians, hospitals and other institutional providers. Membership in the HLC provides the opportunity to meet and network with other health law attorneys, as well as have access to may great benefits specific to healthcare practice. Read more

It could not have occurred at a more appropriate time in our economic lives. The Small Business Reform Act of 2019 ("SBRA" or "Subchapter V") became effective on February 19, 2020. It provides a simple and quick process for reorganization in bankruptcy for small businesses. Moreover, in response to COVID, the SBRA is currently available for debtors who owe $7,500,000 or less. Read more

Since last month’s eNews, the temporary shutdown of the economy has continued and most of us are still working from home. Client meetings and court appearances are by phone or through video conferencing platforms, and the regular social interactions between attorneys have also moved to online platforms. Read more

FIC ebulletin prepared by Mike Slattery, Tom Kelch and Barry Glaser, Bankruptcy Practice Group at Lamb & Kawakami LLP On February 19, a new bankruptcy law became effective. The new law makes it easier for borrowers to change the terms of secured loans. Keep reading. The end of this article summarizes those changes. It’s ironic, but it costs a lot of money for a business to go through a Chapter 11 reorganization. There is a lot of paperwork and court… Read more

The Supreme Court of Kentucky, relying on provisions in the Kentucky version of the Uniform Commercial Code, ruled that a promissory note was a “negotiable instrument” even though it referenced the possibility of another agreement when defining indebtedness and default. Read more