California’s Appliance Efficiency Standards and the Cost of Non-Compliance

By | Hunton Retail Law Resource | August 23, 2017
It is no secret that California has had appliance efficiency standards in place for some time now. And it is no secret that the California Energy Commission (“CEC”) has been responsible for crafting those standards. According to the CEC and the California State Legislature, however, compliance with those standards has been hit-or-miss. View Full Post
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Juror Impartiality: The Equivocal Juror

jury box court roomArticle I Section 22 of the Missouri Constitution holds that litigants have a right to trial by a fair and impartial jury of twelve qualified jurors. A qualified juror has been defined as one who is “in a position to enter the jury box disinterested and with an open mind, free from bias or prejudice.” Catlett v. View Full Post
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Fun with GAAP:  CMBS at Risk

By | Crunched Credit | August 23, 2017
Here’s a headline for you:  We don’t know if a conventional CMBS securitization where risk retention bonds are retained by a B-buyer under an industry standard third party purchaser agreement achieves accounting sale treatment.  Failure of accounting sale treatment means the selling bank cannot book the gain and does not derecognize the underlying loans resulting in the entire portfolio of loans remaining on its balance sheet for both Generally Accepted Accounting Principles, or GAAP, and presumably, for risk based capital purposes. View Full Post
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Hunton Insurance Lawyers Michael Levine and Andi DeField Discuss Insuring Emerging 3D Printing and Sharing Economies

Technological advances like 3D printing and “sharing platforms” have increased business risk and, simultaneously, opportunities for risk-shifting between stakeholders. For example, 3D printing has exposed manufacturers to new risks associated with professional, product, IP and workplace liabilities, and the sharing economy (e.g., ride-sharing, home-sharing, car-sharing, etc.) has complicated traditional risk-sharing structures and insurance portfolios.  View Full Post
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Marijuana Contracts: The Trouble with Forms

By | Canna Law Blog™ | August 23, 2017
These days, you can find online a free legal form or template for just about any type of contract. It takes discernment, of course, to choose the best template for your purposes: the form should cover the substantive areas, to start, but it should also square with your jurisdiction, track any recent statutory amendments and apply the correct legal concepts to your situation. View Full Post
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How Does Your Audit Committee Disclosure Compare?

By | Briefing: Governance | August 23, 2017
Deloitte and EY both recently published studies about audit committee disclosure in the proxy statements of the largest companies.  Deloitte examined the S&P 100 while EY concentrated on the Fortune 100.  This time of post-season review for most companies provides an opportunity to benchmark and consider additional audit committee disclosures for next year. View Full Post
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Drafting a Non-binding Letter of Intent

By | Deal Law Wire | August 23, 2017
In August 2004, Graham Allen mentioned to his friend and neighbour, Kim Wallace, that he was interested in selling his business. Wallace in turn expressed interest in purchasing the business. The two of them discussed and negotiated for weeks and, finally, after Allen refused to sign two earlier versions that “left too much up in the air”, the two of them signed a letter of intent (LOI) for the share purchase and sale of four companies of which Allen was a major shareholder. View Full Post
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China Employment Contracts and Employer Rules and Regulations: Let Harmony Reign

By | China Law Blog | August 23, 2017
A well-written employment contract, along with a set of China-centric employer’s rules and regulations are the starting point of what you must do if you have employees (or plan to have) in China. Though it is good thing to have both of these documents in place, it is even better when these two actually work together. View Full Post
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