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The Suspension of Coordinated Review: A Giant Step Backward on the Road to Uniformity
In a disappointing announcement released on Aug. 6, 2007, Dale Cantone, chairman of the Franchise and Business Opportunity Project Group of the North American Securities Administrators Association, informed the franchise bar that the state authorities that participate in the coordinated review program ('Coordinated Review') have suspended the program until further notice. The announcement also stated the franchise administrators would re-evaluate whether to reintroduce the program after July 1, 2008.
Under the now-suspended Coor- dinated Review program, franchisors would submit franchise registration applications for multiple states, up to 11, in one package, and one of those registration states would be assigned the task of coordinating the registration process. The comments of the regulatory officials for each state in which registration applications had been made were consolidated, and the franchisor or its counsel would receive one letter describing the deficiencies noted by all the state examiners. In curing the deficiencies, the franchisor or its counsel would deal only with the one designated representative of the state regulatory authorities as the franchise registration applications moved forward.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Supreme Court Rules Rejection of Trademark License Does Not Rescind Rights of Licensee
Mission Product Holdings, Inc. v. Tempnology, LLC The question is whether a debtor's rejection of its agreement granting a license "terminates rights of the licensee that would survive the licensor's breach under applicable nonbankruptcy law."