Law Commons^™

An Introduction To Joint Powers Authorities, Their Funding Mechanisms, And Why California Should Utilize One In Order To Create An Effective Forest Management System To Prevent Wildfires, Anna Bernstein

UC Law Business Journal

In the wake of ever-increasing incidences of wildfires across California, cost-effective, practical, and functional forest management has become a priority in order to keep California’s land and residents safe. From 2018 to 2020, six out of ten of California’s worst fires, coined ”megafires” by the United States Forest Service, have rampaged through the state. These megafires often behave in unstoppable ways. Most recently, in 2018, they killed more than a hundred people and destroyed seventeen thousand homes, all while burning hundreds of thousands of acres across California. Although the end of the recent drought has brought some relief, record- breaking …

Foreword, Kya Rose Coletta

UC Law Business Journal

No abstract provided.

The Ethics Of Governance, Justice Gordon Goodman

UC Law Business Journal

This Article discusses the need for a board of last resort to set financial values during periods of extreme economic stress, i.e., the “liquidity black hole” events. The purpose of this proposed board, the “Independent Treasury Board,” would be to address valuation uncertainty during bust periods immediately following major financial crises.

If an Independent Treasury Board existed prior to 2008, it could have helped rein in some valuations that were among the causes for the Great Recession. More importantly, it could have quickened recovery from the Great Recession during the period immediately following the financial crisis by shortening the period …

Women And (In)Justice: The Effects Of Employer Implicit Bias And Judicial Discretion On Title Vii Plaintiffs, Kya Rose Coletta

UC Law Business Journal

Current disparate treatment jurisprudence requires a plaintiff to prove that her employer intentionally discriminated based on sex, ignoring the social cognitive view that emphasizes the role of unconscious, unintentional mental processes. Women are unable to reach the top- tiers of the legal profession, like partnership, due to employers’ deeply engrained biases that emerge during assignment distribution and performance evaluations. This Note challenges that dominant approach, arguing that disparate treatment liability should turn on proof of actuation rather than evidence of intentionality. This Note presents a prescriptive discussion of how employers can implement compliance measures to prevent implicit bias in decision-making …

Federal Right To Try Act: Heightened Informed Consent And Price Regulation Measures Will Improve Quality, Autonomy, And Exploitation Issues, Brenda Lin

UC Law Business Journal

This Note will examine the federal Right to Try Act, which was enacted on May 30, 2018. The federal statute followed the passage of Right to Try legislation in thirty-eight states, including California. Much controversy has surrounded “Right to Try” as an alternative to preexisting pathways to investigational drug treatments, such as traditional clinical trials and the FDA-regulated Expanded Access program, also commonly known as “Compassionate Use.”

This Note will examine those criticisms, evaluate the federal Right to Try Act, and propose amendments through the lenses of health care quality, patient autonomy, and long-term scientific innovation. Some controversy stems from …

Cover

UC Law Business Journal

No abstract provided.

Masthead

UC Law Business Journal

No abstract provided.

Legal Transplants, Law Books, And Anglo-American Corporate Fiduciary Duties, Victoria Barnes

UC Law Business Journal

This Article explores legal transplants and divergences in Anglo- American corporate fiduciary law. The internal management rule in English law acts to restrict judicial interference in corporate governance disputes. It is conceptually similar to the business judgment rule but the two remain distinct. This Article explains why Anglo-American corporate law developed differently, despite its shared roots. It pinpoints the origins of the internal management rule to Lord Lindley’s work, which was written in the late nineteenth century. Lord Lindley was central to the development of corporate law in England and other common law jurisdictions within the British Empire, but his …

Policy Analysis: The Ndrc’S Reg. No. 11, China’S New Capital Control, Yumeng Xu

UC Law Business Journal

Trade disputes between the United States and China have caught momentary worldwide attention. However, because the world’s two largest economies are interlocked in various aspects, it is hard to cut these connections, despite Washington and Beijing’s constant effort to dwindle each other’s impact. As one of the major sources of foreign investment for the U.S., China has been adjusting its capital control policies for years in response to development needs and in order to address the changing investment environment in foreign countries. This Note spotlights China’s latest outbound capital control regulation, NDRC Regulation No. 11 (“Reg. No. 11”), and how …

From Corporate Responsibility To Corporate Accountability, Min Yan, Daoning Zhang

UC Law Business Journal

Corporate responsibility, or CSR, which has become a heated topic over recent decades, concerns a broader range of interests than shareholders by focusing on companies’ voluntary approaches to engage with social/environmental issues. In contrast, corporate accountability is more about a confrontational or enforceable framework of influencing corporate behavior through clear means for sanctioning failure. On the ground that voluntary CSR is inadequate to deliver the necessary change and to secure more socially responsible activities, this Article proffers a framework for corporate accountability based on existing institutional systems. Different from the neoclassical version of corporate accountability, this Article argues stakeholders, other …

The Janus Decision And The Future Of Private- Sector Unionism, Michelle Quach

UC Law Business Journal

In order for a union to represent a group of workers, a petition to start the election process must first be filed with the National Labor Relations Board (“NLRB”) and it must receive support from 30% of the employees. Once the NLRB determines that the 30% threshold is met, the NLRB will conduct an election to determine if a majority of employees want union representation. If the union is certified by the NLRB, through a majority vote, the union becomes the exclusive bargaining representative of the employees. That is, the union becomes the sole representative of the employees and may …

Masthead

UC Law Business Journal

No abstract provided.

One Duty To All: The Fiduciary Duty Of Impartiality And Stockholders’ Conflict Of Interest, Shachar Nir

UC Law Business Journal

Delaware precedent, primarily Trados and ODN, holds that corporate boards of directors owe fiduciary duties to holders of corporation common stock and not to holders of preferred stock. This precedent, however, fails to address a broad range of complex but commonly occurring potential conflicts between and among holders of common stock and multiple classes of preferred stock.

Rarely analyzed or applied in an intra-corporate context, the fiduciary duty of impartiality allows a fiduciary to exercise discretion while having a duty to act bona fide in the best interests of the beneficiaries as a whole. Mostly derived from U.S. common law …

California Cannabis Regulations And The Federal Food, Drug & Cosmetic Act: A Product Liability Perspective Of Edible Cannabis, Alexis Lazzeri

UC Law Business Journal

From the passage of Proposition 215 to present day, California’s cannabis industry has transformed from access solely for medical patients to a nearly three billion dollar a year industry with legal medicinal and adult-use consumption. With this rise in accessibility, edible cannabis products are being consumed more than ever. “Edibles” are food and drink products infused with cannabis, a mix of THC (i.e., delta 9 - tetrahydrocannabinol) and CBD (i.e., cannabidiol)—with varying levels of each, depending on the desired effect. CBD is a non-intoxicating compound often used to treat physical ailments and chronic conditions, while THC delivers a euphoric high. …