In this issue:
- Supply Chain Finance as the "New Normal"
- Consumer Financial Protection Bureau Implements Regulations for Covered Mortgage Loans
- Arbitration Guidelines
- Navigating Foreclosure in States with "One-Action Rules"
- Social Media and Digital Assets in M&A Transactions
- Estate Planning for Digital Assets
- Defense of Marriage Act
- Prosthetics Patent Battle
- Excerpt from Supply Chain Finance as the "New Normal":
Adjusting to the “new reality,” many companies have focused on all aspects of their balance sheets to improve performance for stakeholders. Companies have realized that material extensions of credit terms regarding its accounts payable result in dramatic improvement to cash flow and working capital. Changing terms from 30 days to 75 days, for example, not only frees up cash for working capital, it also reduces the need for bank financed working capital, which is more expensive than “borrowing” from suppliers. To make the extension of payment terms more appealing to suppliers, buyers have partnered with their lenders to offer a “supply chain finance” solution that allows suppliers to be paid timely if not early, despite the stated payment term extension, such that a suppliers’ DSO is actually reduced. The Trade Credit Association of the United States reported that in the U.S. approximately $20 trillion of annual sales are made on trade credit, resulting in $2.8 trillion of trade credit outstanding in the U.S. economy, which creates a substantial market opportunity for banks to generate interest and fee income.
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Topics: Arbitration, Arbitration Agreements, Digital Assets, DOMA, Estate Planning, Foreclosure, Medical Devices, One-Action Rule, Patent Litigation, Patents, SCOTUS, Supply Chain, US v Windsor
Published In: General Business Updates, Consumer Protection Updates, Family Law Updates, Mergers & Acquisitions Updates, Wills, Trusts, & Estate Planning Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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