Monthly Archives: May 2011

ILN Today Post

"How to cope with fiduciary responsibilities as a company’s financial situation falters," Shawn Riley Interviewed by Smart Business Magazine

How to cope with fiduciary responsibilities as a company’s financial situation falters

Shawn Riley Interviewed by Smart Business Magazine

Serving as a director or officer on a board can be complicated, especially if the business is floundering.

Directors have certain duties to the company they are serving, but when the business is financially distressed, the beneficiaries of those duties switches to the creditors, according to Shawn Riley, the Managing Member of the Cleveland office of McDonald Hopkins LLC and co-chair of its Business Restructuring Services Department.

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ILN Today Post

"Cost Effective Management of E-Discovery for Small and Mid-sized Companies" 2011 Masters Series-Chicago – Peter T. Berk

2011 Masters Series-Chicago

The Masters Series for Legal Professionals

Strategies for Spanning the E-Discovery Divide

Wednesday, June 1, 2011, 11:30 a.m. – 5:30 p.m.

Mid American Club

Chicago, IL

Register Now!

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ILN Today Post

Not-for-profits Update

Levelling the not-for-profit playing field

By Arthur Koumoukelis and Jon Cheung of Gadens Lawyers, Sydney

In a speech to the National Press Club on 27 May 2011, Assistant Treasurer Bill Shorten released a consultation paper entitled ‘Better targeting of not-for-profit tax concessions’.  The consultation paper marks the first stage of the reforms announced in the 2011 Federal Budget.  Social enterprises, charities and not-for profit (NFP) organisations with significant income-generating activities will need to consider how these reforms may impact their ability to continue such activities in a sustainable and tax-effective manner. read more…

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California’s Pregnancy Disability Leave Law May Become More Generous

By; Betsy Johnson

The California Fair Employment & Housing Commission (FEHC) is currently considering proposed Regulations that would provide guidance on the interpretation of California’s pregnancy disability leave (PDL) law.  The PDL law is codified at California Government Code sec. 12945, and employers with 5 or more employees in California are covered by this statute.

The PDL law allows employees who are disabled as a result of “pregnancy, childbirth or related medical conditions” to take up to a maximum of 4 months of unpaid disability leave, if certified by their health care provider.  An employee who takes PDL must be returned to their former position after the completion of PDL and, realistically, the only defense to reinstatement is that the employee’s position no longer exists.

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ILN Today Post

Epstein Becker & Green, PC’s Atlanta Office: New Leaders Add Star Attorney Talent

The national law firm of Epstein Becker & Green, P.C. (“EBG”) recently announced the acquisition of two star attorneys – Frederick C. Dawkins and Kristie Brooks Smith – to join EBG’s Atlanta Office Managing Partner Kenneth G. Menendez, Esq. and Atlanta Office Labor & Employment Head Thomas A. Cox, Jr., Esq. as Partners in the Firm’s National Labor and Employment practice in Atlanta.  EBG’s Atlanta office is based in Buckhead.

Earlier this year, as reported by the Atlanta Business Chronicle, EBG named Kenneth G. Menendez as its new Atlanta Office Managing Partner, replacing Maxine Hicks, Esq. who had departed to join another law firm in Atlanta.  Shortly thereafter, Cox was named Leader of EBG’s Atlanta office Labor & Employment Group.  Along with Cox, Attorney Menendez worked with EBG’s national leadership in recruiting Dawkins and Smith to join EBG.

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FIRE SAFETY ACT: FIRST RULING BY THE QUÉBEC SUPERIOR COURT ON THE INTERPRETATION OF THE IMMUNITY CONTAINED IN THE ACT

Since the adoption of the Fire Safety Act (R.S.Q., ch. S-3.4) (hereinafter “Act”), which came into force on September 1, 2000, cities and municipalities that have adopted a fire safety cover plan (hereinafter “Cover Plan”), can, in certain cases, benefit from an exemption of liability during the course of their intervention following a fire on their territory. The Superior Court recently addressed the issue of the firefighters’ immunity under Article 47 of the Act in the case of Lombard General Insurance Company of Canada vs. City of St- Jérôme.

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ILN Today Post

ILN-terviews: Anders Lundberg, Hellström

Welcome to ILN-terviews, a series of profiles of ILN member firm attorneys, designed to give a unique insight into the lawyers who make up our Network. For our latest interview, we chose ILN member, Anders Lundberg of Hellström in Stockholm, Sweden.

In one sentence, how would you describe your practice?
It’s a business law practice with a focus on mergers & acquisitions, but also specialized advice to the finance and energy sectors and to businesses in general. Hellström, where I am a partner, is a 30 lawyers business practice located in Stockholm.

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ILN Today Post

Does the Inclusion of Women in Team Decision Making Actually Increase a Group’s Intelligence?

Some new and interesting research by Anita Woolley (awoolley@cmu.edu) and Thomas Malone (malone@mit.edu) has been cited in June’s Harvard Business Review. Woolley is an Assistant Professor of Organizational Behavior and Theory at Carnegie Mellon University, and Malone is the Patrick J. McGovern Professor of Management at the MIT Sloan School of Management and the founding Director of the MIT Center for Collective Intelligence.

Their research of team behavior and problem solving makes an interesting business case for gender diversity, concluding that “there’s little correlation between a group’s collective intelligence and the IQs of its individual members. But if a group includes more women, its collective intelligence rises.” Thus, where strategic business decisions are being made at a group or team level, the inclusion of women spikes the quotient of intelligence, making a positive difference in decision-making outcomes. As Malone states, “The standard argument is that diversity is good and you should have both men and women in a group. But so far, the data show, the more women, the better.” Indeed, research shows teams with more women tended to fall above the average of the collective intelligence scores of the teams studied by Malone and Woolley; the teams populated by men were below average in the same regard.

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Health Data Privacy Protections to Increase

As we wait for the HITECH Act updates to HIPAA to be finalized, yet another article signals the administration’s intent to strengthen privacy protections for health data– http://www.nytimes.com/2011/05/31/business/31privacy.html

For more information please visit www.omwhealthlaw.com or click on the headline above.

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ILN Today Post

TARK GRUNTE SUTKIENE advised RSA in conclusion of an agreement for exclusive distribution of non-life insurance products with SEB

TARK GRUNTE SUTKIENE advised RSA in conclusion of an agreement for exclusive distribution of non-life insurance products with SEB

30.05.2011

On 19 April 2011, a global insurance group RSA and a leading Nordic financial services group SEB announced that that they’ve entered into a partnership for provision of non-life insurance products to SEB’s customers in Estonia. According to the exclusive distribution agreement entered into between RSA Estonia, SEB Bank and SEB Leasing, RSA will become the sole supplier of non-life insurance products through the bank’s and leasing’s distribution network.

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