Month: October 2021

US Department of the Treasury Publishes Sanctions Review Results

On October 18, 2021, the U.S. Department of the Treasury released the results of its broad review of economic and financial sanctions. The review, initiated by the Biden administration, included discussions with Congress, interagency partners, the private sector, foreign governments, nongovernmental organizations, academics and the Treasury’s own sanctions workforce. The results do not indicate a …

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Recent Decision on Derivative Standing by a Creditors’ Committee to Challenge a Lender’s Liens

Patterson Belknap Webb & Tyler LLP In many chapter 11 cases, creditors’ committees can play a vital role in maximizing the recoveries of unsecured creditors. But the powers of creditors’ committees are circumscribed by both the Bankruptcy Code and case law. One way committees try to enhance recoveries is by seeking “derivative standing” to commence …

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Paper: Metals in Cannabis Vaporizer Aerosols: Sources, Possible Mechanisms, and Exposure Profiles

The Abstract: Abstract In recent years, cannabis vaporizer cartridges have increased in popularity and availability, and there are concerns regarding exposure to heavy-metal compounds from their use. The physical components of the cartridge devices themselves have been implicated as a potential source of metal exposure, but it is not known if these metals migrate into …

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New York Publishes Guidance on Adult Cannabis Use and the Workplace – 4 Key Facts for Employers

Amanda Blair, Melissa (Osipoff) Camire Fisher Phillips  Send Embed New York employers have been anxiously awaiting additional information about how the legalization of recreational marijuana will impact the workplace – and they finally have some. The state’s Office of Cannabis Management (OCM) recently published a fact sheet on cannabis and the workplace offering an overview of employers’ rights and …

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Video: What is Estate Administration? | The American College of Trust and Estate Counsel October 29 2021

The American College of Trust and Estate CounselSUBSCRIBEWhat happens if someone dies without a will? How long will the distribution of assets process take? Estate planning experts answer pressing questions for families and beneficiaries. The American College of Trust and Estate Counsel, ACTEC, is a national association of approximately 2,400 peer-elected lawyers and law professors …

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Recent Settlement with Massachusetts AG Addresses Compliance Emphasis on Collection Calls, Repossession Notices, and Service Contract Sales

Author Frank Bishop, Jr. at Hudson Cook LLP writes On September 1, 2021, the Commonwealth of Massachusetts, through the Massachusetts attorney general, entered into a settlement agreement and related Assurance of Discontinuance with a sales finance company. The AOD identifies three areas that should be of particular compliance emphasis for sales finance companies doing business …

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Lending Money to a Friend, You Lose Both the Friend and the Money

In the case of In re Ricky L. Moore (19-01228), the United States Bankruptcy Court for the Northern District of Iowa taught an important lesson in the context of Chapter 12 bankruptcy cases[1]: do not rely on repeated assurances of payment from a friendly debtor in lieu of filing your bankruptcy proof of claim. In Moore, Sexton Oil …

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Hemp firm launches blockchain effort to fund litigation

Hemp Industry Daily reports An Indiana hemp company looking to finance a lawsuit to recover damages after its crop was destroyed in California is turning to an unusual source: blockchain investments in exchange for a cut of future legal awards. Apothio LLC is trying to restart a stalled effort to get up to $1 billion in damages from the …

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