Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Foreign Corrupt Practices Act Presents New Risk for Franchisors
No U.S. franchisor has faced an action brought against it under the Foreign Corrupt Practices Act (“FCPA”), a 35-year-old law that prohibits U.S. firms and individuals from bribing foreign government officials. But Eric L. Yaffe, principal with Gray Plant Mooty, predicted that “it's just a matter of time” before a franchisor is accused of a violation, given the rapid expansion of international franchising operations and the very aggressive enforcement of the FCPA that began about a decade ago.
That blunt assessment was the motivation for a session about the FCPA at the International Franchise Association's 45th Annual Legal Symposium in Washington, DC, in May. Yaffe was joined by Sarah M. DiLorenzo, senior counsel for McDonald's Corporation, and Mary C. Spearing, partner, Baker Botts, L.L.P., for a discussion of the FCPA and anti-corruption laws in Canada and the UK.
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.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.
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.