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[Editor's Note: This article from our colleagues at LTN serves as a good follow-up to last month's AI "come to Jesus" moment by addressing the pressing questions the legal industry is asking about the issue of AI in practice. ]
Most of the legal industry has by now boarded the generative artificial intelligence train, filling up conference sessions dedicated to the topic, testing new legal technology solutions and exploring the emerging legal questions that the technology will pose. But most of their questions about generative AI are still unanswered.
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.