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Part One of a Two-Part Article
I Love You, You're Perfect, Now Change” is the name of a long-running off-Broadway musical. It also describes what may be on the horizon for Article 9 of the Uniform Commercial Code, which was last revised in 2001. The experiences and case law since then, as well as an increase in non-uniform provisions, prompted the UCC's permanent editorial board to establish an Article 9 Review Committee that highlighted issues of concern in a June 2008 report (see, Article 9 Review Committee, Statutory Modification Issues List (June 24, 2008), http://extranet.ali.org/directory/files/UCC9_IssuesList.pdf). Notably, Nebraska, Tennessee and Texas recently enacted legislation with significant non-uniform amendments to Article 9's debtor name provisions. Several other states have either proposed or already enacted other non-uniform amendments that would impair Article 9's uniformity.
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.
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 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 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.
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.