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Decisions of Interest
Revocable Life Insurance Policy Brings Contempt
Finding
The Supreme Court erred in finding that an ex-husband was not guilty of contempt and had substantially complied with the provision in the parties' postnuptial agreement. The agreement required him to obtain a life insurance policy designating his ex-wife as an “irrevocable beneficiary.” Because a policy naming her simply as “beneficiary” is not substantially equivalent to the policy required by the agreement, and the alteration prejudiced the wife's position by making it possible for the ex-husband to cancel the policy without her permission, he should have been found guilty of contempt. Sutton v. Sutton, 2012 N.Y. App. Div. LEXIS 2083 (2d Dept. 3/20/12) (Skelos, J.P., Dickerson, Eng, Sgroi, JJ.).
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."