Posted on: April 26, 2013

The LLC Law Monitor blog reports on an amendment to the Virginia Limited Liability Company Act (VLLCA), effective July 1, 2013.  The amendment, found in Senate Bill 779, amends Section 13.1-1039 of the VLLCA as follows:

Tag: Alternative Business Entities, Comparative Law, Equity / Chancery, Limited Liability Companies, Wills & Estates
Posted on: April 24, 2013

UPDATED 4/24/13: Francis Pileggi has further details and analysis at the Delaware Corporate and Commercial Litigation Blog.  Like Professor Bainbridge, Francis has been posting on Revlon-related issues for many years.

Tag: Commercial Litigation, Corporations, Equity / Chancery, Legal Theory
Posted on: April 23, 2013

"Whoever takes goods (on credit) and becomes bankrupt, then again takes goods and again becomes bankrupt, then takes goods again and yet again becomes bankrupt is to be put to death after the third time."
-The Yasa, medieval Mongolian law code c. 1220 (statute reported by the Egyptian historian al-Maqrizi, c. 1400)

Attorneys who represent creditors and debtors, respectively, will likely have different views on this particular piece of legal history.

Tag: Bankruptcy, Comparative Law, Creditor / Debtor Law, Legal History, Legal Theory, Structured Finance
Posted on: April 23, 2013

Updated 4/24/2012 - Meghan McArdle has further discussion at the Daily Beast.

Tag: Law & Economics, Taxation, Technology & Law
Posted on: April 22, 2013

Eugene Volokh reports on an interesting case, Med Express Inc. v. Nicholls, Case No. 13-CIV-0351 (Ohio Comm. Pl.).  The action was filed by an online vendor who received negative feedback on Ebay from a purchaser.

Tag: Civil Litigation / Civil Procedure, Commercial Litigation, Consumer Protection, Technology & Law, Torts