The Art of Law: Compromise and Cooking

The art of negotiation is an invaluable skill that many lawyers strive to perfect. Last week, we had an early opportunity to put our negotiation skills to the test during the initial phase of the Mock Real Estate Transaction. Led by Adam Lustig and Phillip Sosnow of the Bilzin Sumberg Real Estate Group, the Mock Real Estate Transaction is a summer-long training program designed to give summer associates early exposure to the main phases of a real estate deal. View Full Post
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SCOTUS Once Again Hammers the Federal Circuit (the Patent Court)

By | GlobalTort | June 2, 2017
This week brought another lesson in the importance of looking at big picture principles instead of focusing only at the micro level. The lesson arose because SCOTUS once again knocked down a “patent friendly” ruling from the Federal Circuit when the patent law principle at issue had big picture implications for the economy and for certainty. View Full Post
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More Changes Afoot! Introducing the Business and Property Courts England and Wales

Courthouse Close with Justice inscribedFrom June this year, several specialist courts of the High Court of England and Wales are being banded together under a new title – “THE BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES”. The idea is to give these specialised courts a memorable and (it is hoped) user-friendly umbrella title, whilst still preserving the value of the existing brands of the individual courts. View Full Post
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PennySaver – Preference Actions Filed

On May 23, 2017, Don A. Beskrone, the chapter 7 trustee for the estate of PennySaver USA Publishing, LLC filed preference actions against 46 defendants.  PennySaver was an iconic company that specialized in the production, printing, and dissemination of a free weekly publication, offering coupons and classified ads to targeted audiences. View Full Post
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Legal Writing for Dummies (and Summer Associates)

Being a strong writer is a requirement for practicing law, but ask a lay person and they may tell you “legal writing” evokes thoughts of confusing contracts and memos filled with obscure Latin phrases. Fortunately for us, Susan McCloskey of Susan McCloskey Writing Consultants came to Bilzin Sumberg this week to help us keep our writing clear, effective, and sans-“legalese.” View Full Post
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Tidewater, Inc. Bankruptcy Update – Utilities Motion

On May 17th, Tidewater, Inc. and its affiliated debtors (“Tidewater” or “Debtors”) filed for chapter 11 protection in the United States Bankruptcy Court for the District of Delaware. On the same day, the Court entered an Interim Utilities Order (click here), which among other things sets forth deadlines for utility providers to object to the proposed adequate assurance procedures or the amount of adequate assurance.   View Full Post
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Statutory Employer: a Louisiana Law Primer

By | Louisiana Law Blog | May 25, 2017
Under Louisiana law, workers’ compensation is the exclusive remedy that an employee may assert against his employer or fellow employees for work-related injury, unless he was the victim of an intentional act. That exclusive remedy also extends to statutory employers. Workers’ compensation legislation was enacted to provide social insurance to compensate victims of industrial accidents, and it reflects a compromise between the competing interests of employers and employees: View Full Post
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Late Charges On Balloon Payments: How Big Can They Be?

Getting charged extra for a late payment is standard protocol in lending practices. Judges, lawmakers and regulators have long agreed there’s an administrative hassle lenders should be compensated for when having to recover money past its due date. But in the commercial real estate industry, there’s a new question related to maturing loans originated before the financial crisis: Can a lender charge a late fee on the full amount of a balloon payment due at maturity? View Full Post
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