Matrimonial Planning Through Economic Turmoil
The markets are in turmoil. Tax, business, economic and, investment matters are increasingly uncertain. These developments affect every aspect of matrimonial planning and may continue to do so for years. Practitioners need to reevaluate all aspects of their planning. This article provides an overview of some of the points practitioners should consider.
Features
Debt Forgiveness: Watch Out for the Tax Consequences
When drafting a property settlement agreement that involves debt forgiveness (<i>i.e.</i>, foreclosure, short sale, reduction in credit card debt), it is critical that matrimonial attorneys be aware of the tax consequences because the financial impact on a client can be enormous.
Resolving Matrimonial Cases in a Negative Economy
An in-depth look at assets, alimony and more in an uncertain economy.
Features
Professional Development: Perfecting Your Elevator Pitch: An Art Form As Well As A Client Development Essential
2009 may prove to be a challenge for lawyers faced with the responsibility of bringing in new business. Despite the uncertainty, now is the perfect time to develop your elevator pitch. This article provides attorneys with the necessary tools to develop themselves.
The Place to Network: Advanced Online Strategies for Lawyers
Creating a LinkedIn account, a Facebook page, responding to a blog post, or joining relevant legal listservs are all valuable steps toward harnessing the power of this exciting new wave of Internet-based communication. But here's how to go "beyond the basics."
Court Watch
Quiznos' Termination Of Franchise Agreement Declared Unlawful <br>Competing Restaurants Each Incur Partial Loss of Trademark Rights
How to Fix the U.S. Auto Industry: A Dealership Perspective
It is widely acknowledged that the financial bailout of the U.S. automobile industry will not be sufficient to return the industry to solid financial condition. Estimates are that manufacturing and distribution capacity is about 30% above likely demand for the foreseeable future, so a broad restructuring and downsizing is probably needed. FBLA asked legal experts what they would do to change laws affecting the relationships of auto manufacturers and auto dealers to accommodate the necessary restructuring.
Technology in Marketing: Is Your e-Communication Being Read?
Any way you look at it, e-communication gives you and your firm exposure in an existing or potential client market. Here are the ins and outs.
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- Private Equity Valuation: A Significant DecisionInsiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.Read More ›
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