Impact of Financial Services Reform, Changes to SEC Enforcement Among Business Topics Explored at American Bar Association Meeting in San Francisco
CHICAGO, July 30, 2010—Following passage of sweeping Wall Street reform legislation earlier this month, the implications of the new law are chief among business law issues that will be explored at the 2010 American Bar Association Annual Meeting, Aug. 5 – 10, in San Francisco.
With nearly 1,500 top-quality legal programs and events, and presentations by the foremost law experts, the ABA Annual Meeting is the nation’s premier gathering of legal professionals. Among notable speakers is Andrew S. Grove, former chairman of Intel Corporation, who will share his views on whether Silicon Valley will continue to be the technology epicenter in the future, 12:30 – 2:15 p.m. Aug. 9, during the Business Law Section Luncheon at the Fairmont.
The 560-member House of Delegates, the association’s policy-making body, will meet on Aug. 9 and 10 in the Moscone Center West, Third Floor, Ballroom. In addition to considering policy recommendations and voting on resolutions, the House of Delegates will honor U.S. Supreme Court Associate Justice Ruth Bader Ginsburg with the ABA Medal, the association’s highest honor, on Aug. 9.
Among programs related to business law:
“Regulatory Reset: Consumer Financial Services Regulation Under Federal Reform Legislation” explores key legal aspects of the new Consumer Financial Protection Bureau, including scope of jurisdiction, organization, funding and oversight; its power to interpret and enforce consumer laws; and its new substantive authority over financial services companies. Additionally panelists will look at changes to federal preemption and the historical context for new federal powers.
Aug. 7, 10:30 a.m. – 12:30 p.m., Fairmont, Terrace Level, Terrace Room
“Financial Services Reform: What You Need to Know Now” examines the financial reform legislation with a special focus on systemic risk regulation and resolution titles, the impact of the Volcker amendment on bank proprietary trading activities and hedge fund investment and sponsorship, the derivatives and securitization provisions, and what these provisions mean for large and small banks alike.
Aug. 7, 2:30 – 4:30 p.m., San Francisco Marriott, 4th Floor, Pacific Suite B
“Are Bank Debit Card Overdraft Fees Over? The Immense Regulatory and Litigation Challenges” looks at the new Federal Reserve Board rule that requires customers to opt-in before banks can charge over-draft fees on certain debit card transactions. Panelists will also discuss the many class actions that have been filed against banks for their overdraft practices.
Aug. 8, 8 – 10 a.m., Fairmont, Terrace Level, Terrace Room
“Current Issues in SEC Enforcement: The Dramatic Changes in Process and Policy” examines several topics related to SEC enforcement actions including how changes in management structure and the enforcement manual affect the conduct of investigations, how the specialized units are working, what cooperation means for today’s public companies and whether the increased emphasis on individual cooperation is working.
Aug. 8, 10:30 a.m. – 12:30 p.m., Fairmont, Lobby Level, French
“Is Common Stock the Preferred Security? Recent Judicial and Legislative Developments Affecting Preferred Stock”
Aug. 6, 8 – 10 a.m., Intercontinental Mark Hopkins, Lobby Level, Peacock Court
“Later-Round Venture Financings in a Troubled Economy—Finding Fairness When There’s Not Enough to Go Around”
Aug. 6, 10:30 a.m. – 12:30 p.m., Fairmont, Lobby Level, Pavilion
“Insolvency and Fiduciary Duties: Advising Directors and Officers When the Company Cannot Pay Its Bill”
Aug. 6, 2:30 – 4:30 p.m., Fairmont, Lobby Level, Venetian
“Directors’ and Officers’ of U.S. Multinationals: Minimizing Risk in an Era of Enhanced Responsibility”
Aug. 7, 8 – 10 a.m., Fairmont, Lobby Level, Venetian
“Doing Deals in a Rapidly Changing Tax Environment: 2011 Rate Changes, New Strict Liability Penalties and Attacks on Privilege”
Aug. 7, 8 – 10 a.m., Intercontinental Mark Hopkins, Lobby Level, Peacock Court
“The Future of Books and Digital Publishing: The Google Book Search and Beyond”
Aug. 7, 2 – 3:30 p.m., Moscone Center West, 2nd Floor, Room 2002
“Wake Up Calls or Snooze Alarms: Are Recent Cyber-Security Regulations Giving Birth to Cyber-Fiduciary Duties?”
Aug. 8, 8 – 10 a.m., Fairmont, Lobby Level, Fountain
“The New Ethics Rules in New York and California; Their Impact on Business Lawyers; Comparison with the ABA Model Rules”
Aug. 8, 10:30 a.m. – 12:30 p.m., Intercontinental Mark Hopkins, Lobby Level, Peacock
“Ethical Issues in Consumer Financial Services Litigation”
Aug. 9, 8 – 10 a.m., Fairmont, Terrace Level, Terrace
“The Latest Developments in Alternative Offering Structures: PIPEs, Registered Directs, Wall-Crossed Deals, Rights Offerings and More”
Aug. 9, 2:30 – 4:30 p.m., Fairmont, Lobby Level, French
During the Annual Meeting, a press room for accredited journalists will be set up on the second level of the Moscone Center West, and will open for on-site media registration at noon on Aug. 5. Thereafter the press room will be open daily from 8 a.m. to 6 p.m., and will close one hour after the adjournment of the House of Delegates on Aug. 10.
Online registration for news reporters is easier than ever. Credential guidelines are at http://www.abanow.org/reporter-resources/media-credentials/.
With nearly 400,000 members, the American Bar Association is the largest voluntary professional membership organization in the world. As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understanding around the world of the importance of the rule of law.
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