Commercial
Are You Prepared for GDPR? Take the Survey
Survey
To gauge readiness for GDPR across industries and global regions, Yerra and Blickstein Group have launched an industry survey to help benchmark where global corporations are in their preparations.
Case Study – An Inside Look at PayPal’s ELM Implementation
Insight
During the 2017 CLOC Annual Legal Operations Institute in Las Vegas, Onit and PayPal presented a session titled, “Next Generation Enterprise Legal Management (ELM): People. Process. Automation.”
Dot Your I’s, Cross Your T’s, and Place Your Commas
Insight
Guiding principles regarding the use of commas and other writing conventions should be strongly considered when drafting contracts, for example, as including or excluding a comma in a particular contract provision may ultimately determine whether a company owes or is owed millions of dollars in a subsequent dispute, , points out Hyatt & Weber P.A.
My Smart Contract Just Ate $14 Million – Now What?
InsightM
A digital currency exchange reported recently that a malfunction in a smart contract is responsible for a $14 million dollar loss of the cryptocurrency ether, reports Jared Butcher in the Steptoe Blockchain Blog.
Qualcomm Accuses Apple of Infringing Six Patents in iPhone, iPad
News
Qualcomm said it will ask the U.S. ITC to ban imports of the Apple devices that use the chips. The company also filed suit in federal court in California on Thursday to request monetary damages, reports Reuters.
Post M&A Disputes: Breach of Indemnification Clauses in M&A Contract
Insight
Baker McKenzie’s Global Arbitration News has posted an article discussing the difficult questions raised in both substantive and procedural law by indemnification clauses in share purchase agreements.
Legal Developments Encourage the Use of Smart Contracts in the United States
Insight
An alert from Pillsbury Winthrop Shaw Pittman takes a look at some new laws in the United States that provide a clear indication that smart contracts will be impactful.
Law Firm Not Liable for $1.5B Loan Gaffe
News
A recent ruling means that entities that loaned General Motors $1.5 billion before it went bankrupt cannot sue GM’s law firm, Mayer Brown, for accidentally canceling the collateral on the loan, Courthouse News Service is reporting.
Bailey Brauer Helps Secure Appellate Win in Texas Partnership Liability Battle
News
In a decision relying on the Fifth Circuit Court of Appeals’ application of a 19th century court ruling to Texas general partnership liability law, an agricultural wholesaler will be allowed to enforce a judgment against individual partners of a defunct agribusiness partnership.
Drafting and Negotiating IP & IT Provisions in M&A Transactions
Event, June 28, 2017, 1 p.m. EDT
Practical Law will present a free 75-minute webinar discussing IP and information technology considerations in drafting and negotiating M&A agreements.
Judge Rips Lawyers in IP Rift; Will Award Fees to Defendants
News
The judge called the lawsuit “frivolous” and concluded that awarding fees to the defendants “would much better serve the purposes of the Copyright Act than the denial of such awards.”
The Dumbest Class Action Claim Ever
News
The Milwaukee Journal Sentinel reports on a pair of class-action lawsuits against Home Depot and Menards that Above the Law calls “the dumbest class action claim ever.”
Supreme Court Ruling in Drug Case Could Have Big Implications for Product Liability
News
A Supreme Court decision could make it harder for large groups of plaintiffs to sue corporations in state courts for damages caused by manufacturers’ products, reports Politico.
Webinar: Avoiding Construction Claims and Disputes
On-Demand
A Baker Tilly on-demand webinar provides an overview of strategies to identify potential claims scenarios and potential resolutions available to mitigate claims.
Legal Aspects of Smart Contract Applications
Insight
Perkins Coie has published a white paper that offers an initial analysis of the legal aspects of five prominent smart contract use cases.
Emoluments Clause Lawsuits Could Expose Trump Tax Filings
News
Trump’s refusal to divest himself of his business empire led to the suits, partly based on the use of Trump International Hotel in Washington by representatives of foreign governments, according to Bloomberg Businessweek.
Change Management in Commercial Contracts (Part 2)
Insight
In the second part of a series on change management in commercial contracts, Morgan, Lewis & Bockius LLP discusses the procedural mechanisms for managing change.
Uber CEO Pays a Price for Breaking the Rules
News
The hard-charging, take-no-prisoners corporate culture exhibited by Uber and his brash CEO is now seen as the company’s biggest liability, reports The Los Angeles Times.
Webinar: Automating Contract Management with SharePoint
Event, June 21, 2 p.m. EDT
Optimus BT will present a free webinar featuring a comprehensive demonstration of eContracts, an Enterprise Legal Contract Management product for SharePoint, featured in Gartner Market Guide 2017 for legal teams.
Equity Compensation for Partnerships and LLCs
Event, June 21, 2017, 1 p.m. EDT
Partnership and LLC equity compensation programs raise many of the same issues that arise with corporate equity compensation. However, because of the“flow-through” nature of partnership taxation, there are some unique planning opportunities and pitfalls that can arise in the realm of partnership equity compensation.
