May 2006 - Volume 4 - Number 12
     The monthly electronic newsletter of the ABA Section of Business Law
Risk Management and Compliance

Recent Developments in Banking Law

Commercial Law Developments

Financing Luxuries

Consumer Privacy and Information Security

Mortgages and Disclosure

Recent Developments in Cyberspace Law

Marketing Financial Services in a Foreign Language

Business Law Project Featured in The New York Times.

The ABA Section of Business Law is now accepting applications for its Fellows Program. The deadline is June 1.

The ABA Section of Business Law is now accepting applications for its Ambassadors Program. The deadline is June 1.

The ABA Section of Business Law is now accepting applications for its Diplomat Program. The deadline is June 1.


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2006 National Conference for the Minority Lawyer
The Westin Philadelphia Hotel
June 22, 2006 - June 23, 2006
Philadelphia, Pennsylvania
Format: Live/In-Person



2006 ABA Annual Meeting
Waikiki Beach Marriott Resort & Spa
August 3, 2006 - August 8, 2006
Honolulu, Hawaii
Format: Live/In-Person



Banking Law Basics
  Live/In-Person
06/05/2006 - 06/07/2006
San Francisco, CA

For complete program details,
Click Here
To register, call 1-800-285-2221

Understanding and Documenting Commercial Loan Transactions: A Beginner's Guide
  Video Conference
06/08/2006 - 06/08/2006

For complete program details,
Click Here
To register, call 1-800-285-2221

Blogs: What Lawyers and Businesses Need to Know
  Teleconference
06/14/2006 - 06/14/2006

For complete program details,
Click Here
To register, call 1-800-285-2221

Contracting for Information Security & Privacy Risks
  Teleconference
06/22/2006 - 06/22/2006

For complete program details,
Click Here
To register, call 1-800-285-2221



For information on future programs, check out the
Section Meetings Calendar.

For more information on upcoming Committee Meetings contact ruppr@staff.abanet.org.



Bankruptcy Deadline Checklist, Third Edition
By Norman L. Pernick
ABA Section of Business Law
Copyright 2006

The following excerpt is taken from Bankruptcy Deadline Checklist, Third Edition by Norman L. Pernick, Copyright 2006 by ABA Section of Business Law. Reprinted here with permission. The material contained herein represents the opinions of the authors and editors and should not be construed to be the action of either the American Bar Association or the Section of Business Law unless adopted pursuant to the bylaws of the Association. Nothing contained herein is to be considered as the rendering of legal advice for specific cases, and readers are responsible for obtaining such advice from their own legal counsel. To request reprint permission, contact the Manager, Copyrights and Licensing, at (312) 988-6102.
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For the complete excerpt, click here

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Message from the Chair, Alvin W. Thompson

Message from the Chair "If you (the ABA) are helping lawyers be better lawyers, people are going to have a better image of lawyers in general. "

- 2005 "Pulse of the Profession" Participant from a small firm in Austin, TX


While most of the programming at our Spring and Annual Meetings deals with substantive business law topics, the Section frequently sponsors programs that focus on practice management, client development, and career advancement. Many members find such programs helpful as they think about how to manage the increasing business orientation of the practice of law, the increasing complexity and specialization of law, the use of technology, and balancing the frequently competing demands of their personal and professional lives. I want to highlight the materials from seven such programs that the Section sponsored at the recent Spring Meeting in Tampa: If you were not able to attend these programs, I hope you find something on this list of offerings that is useful to you as you manage your professional life. Materials from these sessions and all sessions are available in the Section's Online Program Library. Access to this library is a benefit of Section membership and I encourage you to take advantage of this incredible resource.


 
 Alvin W. Thompson
 Chair, Section of Business Law


Banking Law
Risk Management and Compliance. Increasingly senior corporate counsel are performing functions beyond providing legal advice and assuming overall responsibility for managing the enterprise's legal and reputational risk, accountabile to the board of directors if problems arise.
More
 
From "Risk Management and Compliance: Counsel's Obligations and Dilemma", a program presented by the Section's Committee on Banking Law at the Section's Spring Meeting in Tampa, Florida, April 6-9, 2006.


Banking Law
Recent Developments in Banking Law. Basel II requires that banks adopt a risk-based approach to capital adequacy.
More
 
These requirements and their implication for financial institutions are summarized in "Recent Developments in Banking Law", a Committee Forum presented by the Section's Committee on Banking Law at the Section's Spring Meeting in Tampa, Florida, April 6-9, 2006.


Commercial Financial Services
Commercial Law Developments. This progam reviews commercial law develpoments, including secured transactions, notes, investment property, sales and securitization.
More
 
Recent cases in Commercial Law are summarized in materials included in "Commercial Law Developments", a program presented by the Section's Committee on Commercial Financial Services at the Section's Spring Meeting in Tampa, Florida, April 6-9, 2006.


Commercial Financial Services
Financing Luxuries. From time-to-time lenders are asked to provide financing for a wide variety of luxury items, including yachts, aircraft and sport teams.
More
 
The special challenges presented by such loans are summarized in "The Price of Their Toys: Financing Boats, Plans and Sports Teams", a program presented by the Section's Committee on Commercial Financial Services at the Section's Spring Meeting in Tampa, Florida, April 6-9, 2006.


Consumer Financial Services
Consumer Privacy and Information Security. Information security breaches continue to occur and receive headline attention, although in most cases breaches result in little or no harm to consumers. Nonetheless the potential for harm remains and many states have enacted laws to protect the personal information of their respective citizens.
More
 
From: A summary of current state laws and an analysis of the incidence and type of security breaches may be found in "Consumer Privacy and Information Security: Does the Risk of Security Breaches Justify the Burden of Additional Safeguards", the annual Frederic Fisher Memorial Program presented by the Section's Committee on Consumer Financial Services at the Section's Spring Meeting in Tampa, Florida, April 6-9, 2006.


Consumer Financial Services
Mortgages and Disclosure. The Home Mortgage Disclosure Act, adopted in 1975, was intended to identify those lending institutions that did not provide home mortgages in communities where they were taking deposits and to identify neighborhoods not receiving sufficient capital to stem urban decay. After three decades, much has changed in the lending of credit to low-income neighborhoods, although it appears that risk-based pricing has resulted in minorities receiving less favorable lending terms.
More
 
The data and analyses are contained in "Home Mortgage Disclosure Act: Compliance, Agency Enforcement and Class Action Litigation", a Committee Forum co-sponsored by the Section's Committees on Consumer Financial Services and Banking Law at the Section's Spring Meeting in Tampa, Florida, April 6-9, 2006.


Cyberspace Law
Recent Developments in Cyberspace Law. Recent cases on copyright protection, privacy and the impact of Graham-Leach-Bliley are summarized.
More
 
From: "Hot Topics in Cyberspace Law", a Committee Forum presented by the Section's Committee on Cyberspace Law at the Section's Spring Meeting in Tampa, Florida, April 6-9, 2006.


Diversity
Marketing Financial Services in a Foreign Language. An increasing number of state laws place special requirements on financial institutions marketing and servicing products and services to consumers whose principal language is not English.
More
 
From: "Foreign Language Marketing and Servicing: What You Need To Know To Market, Make and Service Financial Products in a Foreign Language", a program co-sponsored by the Section's Committees on Diversity and Consumer Financial Services, at the Section's Spring Meeting in Tampa, Florida, April 6-9,2006.



Committee Spotlight
To learn more about or join the committees that contributed to this month's practice points, just click on the committee name below.



Section members are eligible to join the Section's committees at no additional cost. Become involved or simply stay in the information flow. It's FREE!



Business Law Project Featured in The New York Times.
The Section's pilot project "Back to Business Law" was featured in the New York Times. Click here to review the full article highlighting the Section's efforts to support women attorneys re-entering the workplace after extended time away.

If you would like more information about Back to Business Law, click here.



The ABA Section of Business Law is now accepting applications for its Fellows Program. The deadline is June 1.
The goal of the Program is to increase the participation of young lawyers in Section activities. The Section is committed to investing dollars in young lawyers who are expected to participate actively in the substantive work of the Section and to grow into future leadership positions within the Section. The Program is designed not only to develop future leaders of the Section but also to enhance the image of the Section among members of the YLD in order to attract young lawyers into Section membership. The Section will select five Fellows and will fund their expenses to participate in Section activities for two years. Applications are due June 1, 2006. For more information about the program, click here.



The ABA Section of Business Law is now accepting applications for its Ambassadors Program. The deadline is June 1.
The goal of the Program is to increase the participation of lawyers of color in Section activities. The Section is committed to investing dollars in lawyers of color who are expected to participate actively in the substantive work of the Section and to grow into future leadership positions within the Section. The Program is designed not only to develop future leaders of the Section but also to enhance the image of the Section among members of the national minority bar organizations in order to attract lawyers of color into Section membership. The Section will select five Ambassadors and will fund their expenses to participate in Section activities for two years. Applications are due June 1, 2006. For more information about the program, click here.



The ABA Section of Business Law is now accepting applications for its Diplomat Program. The deadline is June 1.
The Section is committed to encouraging the participation of lawyers with disabilities in Section activities. To do so, the Section's Committee on Diversity has created the Business Law Diplomat Program designed to demonstrate that commitment and in the process, develop future Section leaders, facilitate the full participation of lawyers with disabilities in Section activities, and draw more lawyers with disabilities into active membership. Applications are due June 1, 2006. For more information about the program, click here.




The Section of Business Law of the American Bar Association
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  Section Staff - businesslaw@abanet.org - www.ababusinesslaw.org
  eSource Editor Karl Ege - Copyright © 2006

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