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What Can the Legal Industry Learn from Baseball's Labor Dispute?
Major League Baseball just resolved a contentious dispute between owners and the players union over revenue, salvaging the full 2022 season. Simply put, both parties had been at odds about how to split up the pie, and it seemed that at least two weeks of the season would be lost.
This acrimony was in place despite the fact that MLB revenues had been soaring in the years leading up to the COVID-19 pandemic. The last two years haven't been quite so flush, thanks to cancellations and attendance restrictions — one reason why the comparison I'm about to draw to law firms is a little inexact. But conditions are in place this season for a return to form.
In addition to the fact that law firms, taken as an aggregate, have performed tremendously well over the last 18 months, my analogy is complicated by the fact that baseball players, unlike law firm associates, are unionized and can participate in collective bargaining. And, as we've certainly noticed over the past year, they're not bound to their employers for the first six years of their careers.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?