Monthly Archives: June 2011

It’s Here! The ILN Launches its New Site – ILNToday

Today’s the big day! The International Lawyers Network is unveiling our new content-driven website at We gave our member firms a sneak peek at last week’s 23rd Annual Conference, and this week we’re revealing it to you!

The redesigned site embodies the latest technology to best serve the growing needs of ILN members and their clients, and provides a variety of benefits, including:

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Managing Commodity Pricing – What are the benefits to your business?

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The continuing volatility in commodity prices is a challenging issue for business owners in many industries.

Our panelists will discuss:


  • What are your commodity risk management options?
  • What are the costs of hedging commodity price risks?
  • Developing a strategy
  • The legal perspective
  • A banker’s point of view
  • A chief financial officer’s insights/experience



Bryan H. Falk
Chair, Real Estate Practice
McDonald Hopkins LLC


Anthony D. Konkoly
McDonald Hopkins LLC
Bob Tull
Senior Managing Director, Capital Markets
Fifth Third Bank

Plus: A company CFO panelist


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Watch our Live Webcast – Managing Commodity Pricing: What are the benefits to your business?"

Watch our Live Webcast – Managing Commodity Pricing: What are the benefits to your business?” (Webcast – Outside Northeast Ohio)

Date: Wednesday, June 15, 2011

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B&F newsletter, spring 2011


A financial collateral arrangement provides effective security to the creditor with minimal cost since it may be included in a master agreement or general terms and conditions without certification, registration, perfection or other assigned costs. The enforcement of financial collateral arrangements constitutes a significant advantage of this type of agreements over pledges and is in fact viewed as a major characteristic distinguishing it from agreements on pledge of cash collateral without a title transfer. The aim of a financial collateral arrangement is established in the preamble of Directive 2002/47/EC which provides that Member States should ensure the inapplicability of certain provisions of insolvency law to financial collateral arrangements. It follows that the protection of financial collateral arrangements in case of insolvency (bankruptcy and restructuring) is essential in this directive and the Member States should secure their enforceability. The right of the beneficiary of financial collateral to unilaterally realise the financial collateral in insolvency proceedings does not cease from the start of insolvency. Another difference in comparison with other creditors (including the creditor of an agreement on pledge of cash collateral) is the possibility to set off the monetary claim against the bankrupt undertaking.

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Labor and Employment Alert: The sky may not be the limit for an employee-plaintiff

The sky may not be the limit for an employee-plaintiff

Ohio Court dramatically reduces a punitive damage award by holding that tort reform limits on punitive damages apply in statutory employment cases.
Ohio employers recently enjoyed a welcome victory when an Ohio court held that a statutory limit on punitive damages applies in cases brought under Ohio’s civil rights statute, Revised Code Section 4112. For the specific employer litigating the issue, this resulted in the dramatic reduction of a $43.1 million punitive damages award to $7 million.
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Partner Joe Ourth submits letter to state board arguing for suspension of new hospital approvals

Joe Ourth

Chicago Partner Joe Ourth recently submitted a letter to the chairman of the State Health Facilities Planning Board on behalf of Sherman Hospital, Advocate Good Shepherd Hospital and St. Alexius Medical Center. The letter stated that the board should wait to approve any new hospitals until Illinois establishes a Center for Comprehensive Health Planning called for in legislation. The news was featured in the following media outlets: Crain’s Chicago Business, The State Journal-Register, Carmi Times, WQAD-TV Channel 8 (ABC), Northwest Herald, Town Crier, The Daily Herald and Huntley Patch.

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Linda McGrath-Cruz selected as chair of the Florida Registered Paralegal Committee

Linda McGrath-Cruz has been selected by the Dade County Bar Association as the 2011-2012 Chair of the Florida Registered Paralegal Committee. The DCBA was incorporated in 1920 to serve the lawyers of this county, to promote the administration of justice, to enhance attorney professionalism, and to cultivate positive relationships among all members of the Bar. In 2009 the DCBA began accepting FRP members, and in April 2010 created the FRP Committee. Linda served as the 2010-2011 inaugural vice-chair.

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Attorneys Colleen Chinlund and Jennifer Sarhaddi attend WBAI dinner

Colleen A. Chinlund

Jennifer Hollenbeck Sarhaddi

Partner Colleen Chinlund and Associate Jennifer Sarhaddi were guests of sponsor Plante Moran at the Women’s Bar Association of Illinois 97th Annual Installation Dinner held on June 9 at the Chicago Hilton and Towers.

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Partner James Chatz article appears in Chicago Daily Law Bulletin

James A. Chatz

James A. Chatz

Chicago Partner James A.  Chatz’s article “Solving the Illinois debt crisis” appeared in the Wednesday, June 8, edition of the Chicago Daily Law Bulletin. Mr. Chatz article outlines his recommendation of “enlightened and swift legislation” for remedying both the state of Illinois’ increasing unfunded pension problem, and also the unfunded debt of several Illinois municipalities. The Chicago Daily Law Bulletin is the oldest daily courts newspaper in the country, and serves the largest unified court system in America. To read Jimmy’s article, please click here.

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Robert A. McKenzie featured in Chicago Daily Law Bulletin’s Amicus Curious regarding the Joplin relief efforts

Robert A. McKenzie

Chicago Associate Robert A. McKenzie recently discussed with the Chicago Daily Law Bulletin the flight to Joplin, Missouri he made on May 28 to bring 350 pounds of needed supplied to tornado victims. The piece was included in its Amicus Curious section.

To read the article in full, please click here.

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