Congress Passes Bill Reauthorizing Charter of Export-Import Bank of the United States by Pillsbury Winthrop Shaw Pittman LLP on 5/23/2012 Congress has passed, and President Obama is expected to sign into law, the Export-Import Bank Reauthorization Act of 2012 (H.R. 2072) extending Export-Import Bank's ("Ex-Im") authority for three years and raising its credit...more
When Do Venture Capitalists Owe Fiduciary Duties To Their Portfolio Companies? by Keker & Van Nest on 5/23/2012 In the typical venture-backed company, the Board often includes some members designated by the venture capital firms who are investors in the company. When things go awry, lawsuits often follow, and litigators are left to...more
Are Judges Biased Against Consumers? by John Skiba on 5/23/2012 I know that it is impossible to answer this question. There are thousands of judges in various courts around the nation, not all of them deal with consumer debt issues, and generally the specific facts of a case will guide...more
Debenture - the new security instrument soon to be introduced in Macedonia by Karanovic & Nikolic Law Office on 5/23/2012 Originally published in LEGAL AND REGULATORY - Emerging Macedonia | Spring 2012 | Issue 33. The Solvency Problem A number of companies in Macedonia are having problems with maintaining their solvency at a desirable...more
CFPB To Collect Information on Compliance Costs, Hold Hearing on Prepaid Cards by BuckleySandler LLP on 5/23/2012 On May 15, the CFPB published a notice and request for comment regarding its collection of information concerning the costs expected to be incurred by institutions required to comply with CFPB rules. The notice identifies...more
Corruption Risks in the Middle East by Michael Volkov on 5/23/2012 The Middle East is a diverse area with significant disparities in the region. Oil and gas dominate the economies. Cultural and economic factors make compliance extremely difficult in the Middle East. Interestingly, on...more
Federal Bank Secrecy Act Issues for Mobile Payment Systems by Davis Wright Tremaine LLP on 5/23/2012 In This Presentation: - The BSA from 30,000 Feet - ABCs of the BSA for MSBs - Impact on Customer Acquisition - BSA/AML Enforcement - Current Topics and Resources Excerpt from The BSA from 30,000...more
M&A and Private Equity Update by Akerman Senterfitt on 5/23/2012 This year’s edition reflects relative consistency of national trends with the prior year. While aggregate transaction activity nationally in 2011 was only marginally higher than in 2010, we are pleased that our clients...more
Beware of Debtors Bearing Gifts: Eleventh Circuit Upholds TOUSA Bankruptcy Decision by Miller Canfield on 5/23/2012 Sleep better at night knowing that the loan you made to your borrower is supported by collateral from the borrower’s subsidiaries? You may want to keep one eye open. On May 15, 2012, the U.S. Court of Appeals for the Eleventh...more
Spotlight on Auto Finance (Part 2 of 3): New Database to Combat Fraud Against Military and Veterans by BuckleySandler LLP on 5/23/2012 The federal government is increasing scrutiny of financial services companies’ practices affecting active military members, veterans and their families. Earlier this year, the CFPB along with the FTC, the Department of...more
Assessing Risk? ethiXbase is an Invaluable Tool by Thomas Fox on 5/23/2012 Put another way, what is the best one-stop database site for anti-corruption and anti-bribery on a worldwide basis? I think that the answer is will lead you to one resource that I would suggest you take a very hard look and...more
MERS Has Power To Assign Interest in Deed of Trust, California Appeals Court Rules by Ballard Spahr LLP on 5/22/2012 The California Court of Appeal has ruled that the Mortgage Electronic Registration Systems, Inc., or MERS, has the power, as nominee beneficiary, to assign its interest under a deed of trust. In its May 17, 2012, opinion...more
Emerging Payment Products And Payment Systems by Davis Wright Tremaine LLP on 5/22/2012 This presentation was originally given at the 26th Annual Payment Card Institute in Arlington, VA, on May 3-4, 2012. DWT partner Andy Lorentz was featured on a panel that addressed emerging payment products and payment...more
PA Tax Law News -- May 2012 by McNees Wallace & Nurick LLC on 5/22/2012 IN THIS ISSUE: Long Awaited Tech One Associates Decision; Philadelphia Common Level Ratio Drama Continues; Court Upholds IFTA Liability; PA Budget Watch; Goodwill Included in Subsidiary Valuation for Holding Company...more
Akanthos: Eleventh Circuit Denies Noteholders’ Fraudulent Transfer Claims due to No-Action Clause in Indenture by Cadwalader, Wickersham & Taft LLP on 5/22/2012 On April 25, 2012, the U.S. Court of Appeals for the Eleventh Circuit overturned a decision by the U.S. District Court for the Northern District of Georgia permitting noteholders to proceed with a fraudulent transfer suit...more