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'Pre-Nupitis' ' Diagnosis and Treatment
Your secretary buzzes to tell you she has seated a client in your conference room who, while desperately trying to hold it together and to look dignified, is frantically twisting the brilliant enormous “bling” on the ring finger of her left hand. She is pacing the floor, tearing and shredding papers, muttering epithets and registering incredulity: “How could he?” “How dare he?” “Is it too late to cancel the wedding?” “We've sent invitations to 500 guests!”
Her problem is apparent and susceptible to diagnosis. Clearly, she is suffering from “pre-nupitis,” a disease that afflicts the so-called less-monied spouse (the LMS) who, in upwards of 95% of the cases, is the bride-to-be. She has been presented by her soon-to-be husband ' a few weeks before the wedding ' with a one-sided grossly unfair agreement. It contains waivers of her marital rights under the law, in the event of her husband's death or a divorce, cutting her out of any income earned or property acquired during the marriage. It eliminates her rights to spousal support and provides her with a fixed monetary sum ' usually a disappointingly low figure ' not based on any prediction of marital property accumulation, but rather akin to a salary. This amount, however, will not be received unless and until there is a divorce.
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.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.