Developments in Indian Anti-Corruption Legislation
In an attempt to strengthen India's anti-corruption regime, the Indian parliament has introduced for debate two new pieces of legislation: 1) The Prevention of Bribery of Foreign Public Officials and Officials of Public International Organisations Bill, 2011 (the Prevention of Bribery Act or the Act); and 2) the Lokpal Bill.
Features
'Promoting' Money Laundering
What happens if you learn that your client is regularly doing business with another company that is the subject of rumors of corruption? In addition to other potential charges, could your client also violate the money laundering statute even if it made no effort to conceal any source of funds?
NY Ethics Opinion Says Lawyers May Check Jurors' Online Activity
Attorneys may monitor jurors through online social networks as long as they do not contact the jurors or in any way make their monitoring known to them, the New York County Lawyers' Association said last month in an ethics opinion.
Legal Document Solution Saves Law Firms Time and Money
Drafting custom contracts from scratch is arguably the most labor intensive and expensive part of the legal process. We quickly discovered, however, that working with pre-written contract templates purchased from a handful of online legal forms sites is not the most effective method of reducing cost, particularly after factoring in the amount of time required to source the right documents, modify the text and correct style inconsistencies.
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The Uncertain World for Individual Chapter 11 Debtors
Recent cases have made the reorganizations of individual Chapter 11s in some jurisdictions as difficult as prior to the BAPCPA. This article discusses the major uncertainties that currently exist in these types of cases.
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CRM Success: Small Steps Now, Big Payoff Later
Client relationship management (CRM) has an uneven record of success in the legal field. In the past, many CRM systems served as glorified contact databases that were rarely updated and even less frequently used for any meaningful purpose. As newer solutions have emerged, legal CRM has begun its slow rise to what it is today within many firms ' a key technological element of a client-centered operational strategy.
Seventh Circuit Upholds Secured Creditors' Credit Bid Rights Under Cramdown Plan
In a decision of great significance to secured creditors, the United States Court of Appeals for the Seventh Circuit has held that secured creditors have a statutory right to credit bid their debt at an asset sale conducted under a so-called "cramdown" plan.
What Document Management System Is Right For You?
Evaluating document management systems, looking at the different features available, and determining what is best for your firm can be a daunting task. This article provides helpful information on the most common document management systems used within law firms to make these decisions easier.
Features
In re Soho 25 Retail, LLC Benefits Mortgage Lenders in New York
The holding in this important case supports the relatively new theory that New York law permits a mortgagor to transfer its entire interest in rents to a mortgagee upon executing the mortgage, such that the transfer will remain effective in the mortgagor's eventual bankruptcy.
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