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Dodd-Frank 30 Day Countdown: Day 24

insights Dodd-Frank 30 Day Countdown: Day 24 Robin Powers · June 22, 2011

The Status of Regulation in the European Union With Dodd-Frank taking effect in less than a month, officials on both sides of the Atlantic have been pressuring one another to implement stricter financial regulations, while equivocating on the regulations that they are willing to accept at home.  Michel Barnier, European Commissioner for Internal Market and…

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Dodd-Frank 30 Day Countdown: Day 25

insights Dodd-Frank 30 Day Countdown: Day 25 Robin Powers · June 21, 2011

Testimony by Mary Schapiro on Financial Regulatory Reform: The International Context In testimony before the House Financial Services Committee, SEC Chair Mary Schapiro noted that the US regulators have consulted, and will continue to consult with, international securities regulators that are considering OTC derivatives market reforms.  Schapiro explained that because the OTC derivative marketplace already…

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NAD Teaches TransFair USA to fine tune Fair Trade Seals & Asks Avon to Amend Advertising

insights June 20, 2011

As discussed in my December 13, 2010 post, the National Advertising Division (NAD) of the Council of Better Business Bureaus (BBBs) offers a streamlined, self-regulatory mechanism for remedying false advertising claims made in nationally distributed advertisements.  While NAD has a 95% success rate, those advertisers who fail to follow NAD’s recommendations may find themselves before the FTC upon NAD’s recommendation. On February 16, 2011,…

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Dodd-Frank 30 Day Countdown: Day 26

insights Dodd-Frank 30 Day Countdown: Day 26 Robin Powers · June 20, 2011

Investment Advisor Registration Deadline Causing Confusion In the Private Fund Investment Advisers Registration Act of 2010, Congress adopted changes to the Investment Advisers Act of 1940 to require many more managers of hedge funds or private equity funds to register as investment advisers. Registered advisers are expected to update their books and records practices in order to…

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Dodd-Frank 30 Day Countdown: Day 27

insights Dodd-Frank 30 Day Countdown: Day 27 Robin Powers · June 19, 2011

SEC to provide guidance on Dodd-Frank requirements and extend temporary rules under the Exchange Act. As previously noted, the Securities Exchange Commission granted itself an extension to finalize the rules mandated by Dodd-Frank.   The Commission announced that it will shortly clarify which provisions of Title VII will automatically go into effect on July 16, alter…

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Dodd Frank 30 Day Countdown: Day 28

insights Dodd Frank 30 Day Countdown: Day 28 Robin Powers · June 18, 2011

FIA and ISDA Publishes Documentation for Cleared Swaps in an effort to add structure to OTC market pending full implementation of Dodd-Frank Act and similar regulation in foreign jurisdictions. In anticipation of the clearing requirements in Dodd-Frank, each of the major clearing houses published proprietary agreements with the intent to best fit OTC swaps clearing…

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Dodd-Frank 30 Day Countdown: Day 29

insights Dodd-Frank 30 Day Countdown: Day 29 Robin Powers · June 17, 2011

Concerns Facing the OTC Derivatives Market in the Absence of a Workable Regulatory Structure The delay of Title VII rulemaking in the Dodd-Frank Act, arguably one of the largest pieces of financial legislation to come out of Congress since the Great Depression, is concerning to those involved in all aspects of the OTC market. On…

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Dodd-Frank 30 Day Countdown: Day 30

insights Dodd-Frank 30 Day Countdown: Day 30 Robin Powers · June 16, 2011

A Dodd-Frank Overview According to the U.S. Securities and Exchange Commission (SEC), “Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) addresses the gap in U.S. financial regulation of OTC swaps by providing a comprehensive framework for the regulation of the OTC swaps markets.” Dodd-Frank goes into effect July 16, 2011 (360 days after it…

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The Life and Death of the Billable Hour

insights The Life and Death of the Billable Hour Michael Moradzadeh · June 13, 2011

The evolution of alternative fee arrangements and value billing. In 1904, George Heber Smith, a recent Harvard Law School graduate, became the head of the Legal Aid Society in Boston. Smith found the lawyers working there overwhelmed with work for the Society’s indigent client base and sought to devise a method to improve the efficiency…

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How To Pick Your Company’s Legal Representation

insights June 10, 2011

The inclination when looking for a lawyer is always to start with big firms.  They are well-established in most cities, and connote a certain amount of prestige.  There is also still some truth in that big firms recruit the best and brightest from law schools, and thus produce better work product for you. There are…

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