Law Commons^™

The Board’S Responsibility For Crisis Governance, Lawrence J. Trautman

UC Law Business Journal

A clear strategy and implementation plan for reasonably foreseeable industry disasters--- before they take place, helps to prevent mistakes made under conditions of severe stress. Survivalthreatening disasters such as the BP Gulf of Mexico oil spill or natural disasters such as hurricanes, fires, or the March 11, 2011 Japanese earthquake and tsunami, constitute any board’s worse nightmare. I have attempted to draw upon lessons from each of these disasters and explore how they may be applied more generally across all industries when crisis strikes. While effective risk management is perhaps the topic highest on every board's agenda, it is imperative …

Daily Fantasy Sports: A Call For Clear Guidelines, Paul Suh

UC Law Business Journal

Professional sports are no longer what they used to be. Imagine rooting for a “fantasy” team that consists of professional athletes, who may or may not have ties to your hometown, from different teams within the same amateur or professional organization. You question whether the countless hours of research spent in drafting your fantasy team were sufficient to win money from other contestants or participants by accruing “fantasy points” based on the statistical performances of individual athletes on a yearly or daily basis.

From Sports Stadiums To The Stock Exchange: The Economic Agency Costs Of Fantex’S Income- Share Agreements With Professional Athletes, Nicole Medeiros

UC Law Business Journal

With the advent of Yahoo! Fantasy Sports, FanDuel, and DraftKings, and other online platforms, sports enthusiasts can not only cheer for their favorite teams, but they can also draft a team of professional athletes, regularly monitor their players’ performances through detailed analytics, and even place friendly wagers. The recent launch of Fantex, a brand marketing and acquisition company, has taken fan engagement to the stock exchange by providing investors an opportunity to purchase stocks linked to their favorite athletes’ earnings. While income-share agreements are not entirely novel, Fantex is the first company to create and securitize income-share agreements with professional …

Light On The Mayo: Recent Developments May Diminish The Impact Of Mayo Foundation On Judicial Deference To Tax Regulations, Matthew A. Melone

UC Law Business Journal

It therefore is necessary to consider the possibility that administrative law was an instrument of a class that took a dim view of popularly elected legislatures and a high view of its own rationality and specialized knowledge. This class drew upon popular political power, but primarily to establish another sort of power, which would be exercised by members of its own class, in a manner that reflected the alleged authority that came with their specialized knowledge. Although it did not thereby become the only ruling class, it at least made itself the rulemaking class.

Licensing Open Government Data, Jyh-An Lee

UC Law Business Journal

Governments around the world create and collect an enormous and wide-ranging amount of data. For various social, political, and economic reasons, open data has become a popular government practice and international movement in recent years. It is estimated that more than 250 national or local governments from around 50 developed and developing countries have launched open government data (OGD) initiatives. Open data policies are widely recognized as a tool to foster government transparency and economic growth. Businesses have also developed innovative applications, products, and services based on OGD. Although OGD is a global movement, it faces a number of unsolved …

Autonomous Vehicles Will Drive Themselves – But They Won’T Regulate Themselves, David Goldstein

UC Law Business Journal

The dawn of a new era of transportation is upon us. Cars that drive themselves are no longer relegated to our imaginations and science-fiction movies. Automobile companies like Tesla and Volvo, as well as search-engine giant Google, are rolling out new features that take over the duties previously charged to the driver of a vehicle. Given the uncertain nature of future legal liability and regulation of vehicles that can drive autonomously, it is imperative that we establish a liability and regulatory framework so that automakers can continue to make advances in the field and consumers can know what to expect …

The Japanese Business Federation’S Influence On Energy Policy Reform: Fukushima Daiichi Nuclear Disaster, Bridget Cho

UC Law Business Journal

This note focuses on the series of events that were pertinent to the Fukushima Daichii Nuclear Disaster and recommends stringent nuclear power plant license procedures, stronger reform in accident mitigation policies, and heightened transparency between the government and its people. Japan embraces the peaceful use of nuclear technology to provide a substantial portion of its electricity despite being the only country to have suffered the devastating effects of nuclear weapons in wartime.

This note will also discuss how the evolving structure of the Japanese economy has led to a change in the pattern of the business sector’s engagement with energy …