Law Commons^™

Why Can't I Get Pliny The Elder? Beer Distribution Law In Michigan, Kincaid C. Brown

Law Librarian Scholarship

If you are a craft beer drinker, you have noticed that there are many beers brewed in the United States that you cannot buy in Michigan, like California-based Pliny the Elder. You will have also noticed that there are many craft beers brewed in Michigan that you cannot buy at your local grocery store or bottle shop. Why is that the case? The short answer is because Michigan law mandates that beer pass through what’s known as a three-tier distribution system. This article outlines what a three-tier distribution is, what it means for Michigan brewers and beer drinkers,

10 Things Judges Should Know About Cryptocurrency, Lee Reiners

Faculty Scholarship

No abstract provided.

Dynamic Corporate Purpose: Decentralizing The Choice Over Director Orientation, Fields Pierce

Vanderbilt Law Review

The debate over corporate purpose has turned into a “gordian knot” where parties with entrenched beliefs about what the corporation should or should not be within society refuse to waver. There are inherent flaws with the governance models proposed by academics, politicians, and practitioners alike, so a novel method for setting and maintaining corporate purpose is required. This Note asks why there must be a one-size-fits-all approach to purpose and proposes a solution: dynamic corporate purpose.

This Note argues that states should not mandate all corporations hold the same corporate purpose but instead should use the logic of the public …

Implied Warranties V. Express Specifications Under The Uniform Commercial Code, David S. Coale, Michael P. Lynn

Oklahoma Law Review

No abstract provided.

The Wireless Investors Movement, Sergio Alberto Gramitto Ricci, Christina M. Sautter

Faculty Works

The inaugural guest academic article for the University of Chicago Business Law Review Blog discusses how Millennial and GenZ investors can set in motion a social movement with disruptive effects on the current corporate governance paradigm. It refers to Millennial and GenZ investors as “wireless investors” and their social movement as the “Wireless Investors Movement.” The Wireless Investors Movement, fueled by wireless investors’ vision of the world and technology savviness, will bring corporations to pursue social and environmental causes. This short contribution analyzes the characteristics of the Wireless Investors Movement and the effects it will have on corporate governance.

The Educated Retail Investor: A Response To "Regulating Democratized Investing", Sergio Alberto Gramitto Ricci, Christina M. Sautter

Faculty Works

The diffusion of mobile-first investing apps, like Robinhood, has increased retail investor participation in financial markets, particularly from the Millennial and GenZ generations, and has increased the diversity of retail investors. However, mobile-first investing apps are not free from controversy. In Regulating Democratized Investing, Abraham Cable tackles the debate on regulating mobile-first investing apps and largely opposes paternalistic regulation, which would raise unsurmountable barriers at the entrance of the stock market for retail investors. But it concedes to a form of regulation that in Cable’s own words “serves ultra-retail investors a modest portion of what they really want.” We strongly …

Developments In The Laws Affecting Electronic Payments And Financial Services, Sarah Jane Hughes, Stephen T. Middlebrook, Tom Kierner

Articles by Maurer Faculty

The past year proved to be a busy period for the regulation of electronic payments and financial services. In this year’s survey, we discuss rulemakings, enforcement actions, and other litigation that has significantly impacted the law governing payments and financial services. Part II addresses the ongoing fight between federal and state authorities over which should properly regulate Fin- Tech entities and describes some new steps the Office of the Comptroller of the Currency (“OCC”) has taken to assert its authority in this area. Part III details an enforcement action that California regulators took against a FinTech company they determined had …

Systemic Risk Of Contract, Tal Kastner

Scholarly Works

Complexity and uncertainty define our world, now more than ever. Scholars and practitioners have celebrated modular contract design as an especially effective tool to manage these challenges. Modularity divides complex structures into relatively discrete, independent components with simple connections. The benefits of this fundamental drafting approach are intuitive. Lawyers divide contracts into sections and provisions to make them easier to understand and reduce uncertainty. Dealmakers constructing complex transactions use portable agreements as building blocks to reduce drafting costs and enable innovation. Little attention, however, has been paid to the risks introduced by modularity in contracts. This Article demonstrates how this …

How El Salvador Has Changed U.S. Law By A Bit: The Consequences For The Ucc Of Bitcoin Becoming Legal Tender, Brian M. Mccall

Oklahoma Law Review

No abstract provided.

The Stubborn Survival Of The Central Hudson Test For Commercial Speech, Nat Stern

Seattle University Law Review

This Article examines the persistence of the Central Hudson standard in the face of multiple challenges as well as larger implications of its survival. Part I provides a brief overview of the Court’s commercial speech doctrine and the spectrum of criticism of Central Hudson for its allegedly excessive or inadequate protection of expression. Part II surveys a series of developments, especially in the last decade, that threaten to supersede Central Hudson’s “intermediate” standard of scrutiny for commercial speech restrictions. In response, Part III explains how none of these phenomena have resulted in the abandonment of the Central Hudson regime. …

Table Of Contents, Seattle University Law Review

Seattle University Law Review

Table of Contents

The Negotiable Transport Document, Benjamin Geva

All Papers

With the emergence of a long-distance land-based trade, along with the expansion of a non-sea based multimodal trade, a demand arose for a negotiable transport document which is not limited to marine transport. A series of international conventions responded to such demand by providing for new types of negotiable transport documents. However, these conventions failed to accord to such documents the features of a document of title and to clarify their negotiable character. The task of overcoming this obstacle is hindered by the fragmentary nature of the law governing the marine bill of lading, which is the classic transport document …

Secured Transactions Law Reform In Japan: Japan Business Credit Project Assessment Of Interviews And Tentative Policy Proposals, Megumi Hara, Kumiko Koens, Charles W. Mooney Jr.

All Faculty Scholarship

This article summarizes key findings from the Japan Business Credit Project (JBCP), which involved more than 30 semi-structured interviews conducted in Japan from 2016 through 2018. It was inspired by important and previously unexplored questions concerning secured financing of movables (business equipment and inventory) and claims (receivables)—“asset-based lending” or “ABL.” Why is the use of ABL in Japan so limited? What are the principal obstacles and disincentives to the use of ABL in Japan? The interviews were primarily with staff of banks, but also included those of government officials and regulators, academics, and law practitioners. The article proposes reforms of …

Mandating Board Diversity, Sung Eun (Summer) Kim

Indiana Law Journal

California’s Assembly Bill 979 (AB-979) requires companies that are based in California to have a specified minimum number of directors from underrepresented communities. A “director from an underrepresented community” is defined as an individual who self-identifies as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, or Alaska Native, or who selfidentifies as gay, lesbian, bisexual, or transgender. AB-979 received much attention for being the first law to mandate greater diversity on corporate boards in terms of race and sexual orientation. Senate Bill 826 (SB-826), which was introduced two years prior, was the first U.S. legislative effort …

À La Carte Cable: A Regulatory Solution To The Misinformation Subsidy, Christopher R. Terry, Eliezer J. Silberberg, Stephen Schmitz, John Stack, Eve Sando

Catholic University Journal of Law and Technology

Although “fake news” is as old as mass media itself, concerns over disinformation have reached a fever pitch in our current media environment. Online media outlets’ heavy reliance on user-generated content has altered the traditional gatekeeping functions and professional standards associated with traditional news organizations. The idea of objectivity-focused informational content has primarily been substituted for a realist acceptance of the power and popularity of opinion-driven “news.” This shift is starkly visible now: mainstream news media outlets knowingly spread hoaxes, conspiracy theories, and the like.

This current state of affairs is not some freak accident. The Supreme Court’s First Amendment …

The Application Of The Right To Be Forgotten In The Machine Learning Context: From The Perspective Of European Laws, Zeyu Zhao

Catholic University Journal of Law and Technology

The right to be forgotten has been evolving for decades along with the progress of different statutes and cases and, finally, independently enacted by the General Data Protection Regulation, making it widely applied across Europe. However, the related provisions in the regulation fail to enable machine learning systems to realistically forget the personal information which is stored and processed therein.

This failure is not only because existing European rules do not stipulate standard codes of conduct and corresponding responsibilities for the parties involved, but they also cannot accommodate themselves to the new environment of machine learning, where specific information can …

Table Of Contents

Seattle University Law Review

Table of Contents

Skating Past Liability Under The Tcpa: Robocalls And Unsolicited Texts And E-Mails, Julissa R. Rachor

Seattle University Law Review

This Note argues that the applicability of Telephone Consumer Protection Act's (TCPA) autodialer provision should be interpreted broadly to include calls made on many types of dialing equipment.

Part I of this Note offers a brief history of the TCPA and autodialers. Part II examines the FCC’s Orders that interpret the TCPA’s autodialer provision, and Part III assesses the varying interpretations of the provision by the circuit courts. Part IV reviews the general facts and procedural history of Duguid, and the Court’s interpretation of the autodialers provision. Last, Part V examines current efforts offered by Congress and potential next …

#Fintok And Financial Regulation, Nikita Aggarwal, D. Bondy Valdovinos Kaye, Christopher K. Odinet

Faculty Scholarship

Social media platforms are becoming an increasingly important site for consumer finance. This phenomenon is referred to as “FinTok,” a reference to the “#fintok” hashtag that identifies financial content on TikTok, a popular social media platform. This Essay examines the new methodological possibilities for consumer financial regulation due to FinTok. It argues that FinTok content offers a novel and valuable source of data for identifying emerging fintech trends and associated consumer risks. As such, financial regulators should use FinTok content analysis—and social media content analysis more broadly—as an additional method for the supervision and regulation of consumer financial markets. The …

Contracting For Process, David Snyder

Articles in Law Reviews & Other Academic Journals

This article introduces the concept of contracting for process and considers when it is likely to be the best contract design. Contracting for process is in widespread use, but it often goes unnoticed. Some characteristics of contracting for process suit it particularly well to situations of uncertainty, including the radical uncertainty that results from fundamental disruptions such as COVID-19. Parties can employ this design for both contracts made or renegotiated during a crisis and for contracts made in ordinary times. The concept articulated here, however, is not confined to contexts of uncertainty or complexity; it can be used to achieve …

Legal Framework For Special-Purpose Acquisition Companies (Spac) And Their Economic Effects On The Financial Market, Dr. Mohammad Saad Al Armman

Faculty Peer-Reviewed Papers | بحوث هيئة التدريس المحكمة

One of the recent legislative amendments in the United Arab Emirates is to allow forming Special – Purpose Acquisition Companies, (SPAC), which contributes to enhancing the investment environment in the country and gives other companies the ability to combine their business with this type of companies,

SPAC are established to invest in the capital market with the purpose of acquiring other companies and making their shares available to investors this study aims to clarify the legal framework regulating this companies in the United Arab Emirates, according to the Federal Decree-Law No.32 of 2021 on commercial companies And the decision issued …

Foreseeing The Future Of Electronic Mediation As A Mechanism For Settling Commercial Disputes Under The Uae Federal Low N.O 6 Of 2021. An Analytical Study, Dr.Mohammad Saad Al Armman

Faculty Peer-Reviewed Papers | بحوث هيئة التدريس المحكمة

No abstract provided.

No Oral Modification Clauses: Autonomy, Certainty Or Presumption?, Kwan Ho Lau

Research Collection Yong Pung How School Of Law

By a judgment of Lord Sumption with which a majority of the court agreed, the Supreme Court in MWB Business Exchange Centres Ltd. v Rock Advertising Ltd. [2018] UKSC 24, [2019] A.C. 119 ruled that a contractual term which prescribed that the contract was not amendable save in writing signed by or on behalf of the parties (a No Oral Modification or “NOM” clause) was effective to invalidate subsequent oral variations to the contract. Lord Burrows later suggested extrajudicially (in P.S. Davies and M. Raczynska (eds.), Contents of Commercial Contracts (London 2020), 49) that Rock Advertising might not find traction …

Tanggung Jawab Notaris Terhadap Pembuatan Akta Jaminan Fidusia Dalam Jumlah Yang Tidak Wajar Dengan Bantuan Sistem Milik Pt Sm, Emeralda Valerie

Indonesian Notary

Penelitian ini membahas mengenai tanggung jawab Notaris terhadap pembuatan akta jaminan fidusia dalam jumlah yang tidak wajar dengan bantuan sistem milik PT SM. Sistem membantu proses pembuatan akta jaminan fidusia dan pendaftaran dalam waktu singkat. Penggunaan sistem tidak mengindahkan syarat formal akta autentik. Penelitian ini mengangkat masalah mengenai autentisitas akta jaminan fidusia yang dibuat menggunakan bantuan sistem; tanggung jawab Notaris terhadap akta jaminan fidusia yang kehilangan autentisitasnya; dan peran Dewan Kehormatan Notaris (DKN) dalam pelanggaran atas batas kewajaran jumlah pembuatan akta. Penelitian ini menggunakan metode penelitian hukum normatif dengan studi dokumen dan wawancara. Analisis penelitian menggunakan pendekatan kualitatif. Hasil penelitian …

An Ineffective Institutional Investors Law In Indonesia? Why Bother, Luther Lie, Yetty Komalasari Dewi

Indonesia Law Review

Corporate governance failures are one of the major factors that have crippled the Indonesian economy through financial crises. In response, the OECD has prescribed Principles II and III of the G20/OECD Principles of Corporate Governance to ensure the rights and equitable treatment of all shareholders and the acknowledged role of institutional investors in improving corporate governance. Institutional investors play a significant role as corporate monitors in protecting the public investors’ money and improving corporate financial performance. They are therefore acknowledged as the policies of economic crises, creators of firm values, and drivers of economic development. However, as this paper explains, …

Analisis Tumpang Tindih Penguasaan Bidang Tanah Berdasarkan Surat Pernyataan Penguasaan Fisik Bidang Tanah (Sppfbt) Dengan Sertifikat Hak Pengelolaan (Studi Putusan Mahkamah Agung Nomor: 37/K/Tun/2018), Agripina Tanto

Indonesian Notary

Penelitian ini menitikberatkan pada pembahasan sengketa tumpang tindih penguasaan bidang tanah berdasarkan surat pernyataan penguasaan fisik bidang tanah (SPPFBT) dengan sertifikat hak pengelolaan di Desa Kuta, Kabupaten Lombok Tengah. Banyak ditemukan masyarakat Desa Kuta yang menguasai tanah dengan berlandaskan SPPFBT karena belum melaksanakan pendaftaran tanah pertamakali. Dengan demikian, BPN Kab. Lombok Tengah wajib berhati-hati dalam mengumpulkan data fisik dan yuridis tanah dalam hal pelaksanaan kegiatan pendaftaran tanah pertamakali agar kelak terhindar dari adanya konflik pertanahan. Adapun masalah yang timbul dimana BPN Kab. Lombok Tengah lengah dalam menerbitkan Sertifikat HPL No. 73/Kuta, terdapat beberapa prosedur yang terlewati sehingga sebagian bidang tanah …

Pertanggungjawaban Notaris Terhadap Akta Yang Batal Demi Hukum (Studi Putusan Pengadilan Negeri Negeri Nomor : 09/Pdt.G/2016/Pn.Mam Juncto Putusan Nomor 1544/Pid.B/2019/Pn.Mks), Vanya Putri Ratna Zackia

Indonesian Notary

This research discusses the responsibility of a Notary in carrying out the position, which if in the execution of the position there are things that might cause the deed void by the law. On actuate the position of a Notary, they have to be more careful in the deed work process to avoid the emergence of legal problems in the future, as happened in the case of the District Court Decree Number : 09/Pdt.G/2016/Pn.Mam Juncto Decree Number 1544/Pid.B/2019/Pn.Mks. This study aims to determine the juridical responsibility of a Notary for the existence of unlawful acts committed by clients who were …

Analisis Peranan Dan Tugas Notaris Dalam Pasar Modal Menurut Peraturan Perundang-Undangan Yang Berlaku Di Pasar Modal, Andhika Pradana

Indonesian Notary

The Capital Market is one part of money market (Financial Market), in general besides money market which has important role for the national development, particularly for the development of business as one of the alternative source external financing by a company. Notary as a public official/state has the authority to make an authentic deed. In his work Notaries create a wide variety of engagements and agreements and deeds are required by legislation to be made by or before a Notary, both legislation in the field of capital market or other legislation. The purpose of this paper is to reveal the …

Eksekusi Di Luar Pengadilan Objek Jaminan Fidusia Oleh Perusahaan Pembiayaan (Studi Putusan Pengadilan Negeri Gorontalo Nomor 60/Pdt.G/2019/Pn.Gto Dan Putusan Pengadilan Negeri Sumber Nomor 25/Pdt.G/2020/Pn.Sbr), Mashita Nagieb Kuddah

Indonesian Notary

Jurnal ini membahas mengenai pelaksanaan eksekusi objek jaminan fidusia yang dilakukan di luar pengadilan, lebih khusus setelah diputusnya Putusan Mahkamah Konstitusi Nomor 18/PUU-XVII/2019 yang diperkuat dengan Putusan Mahkamah Konstitusi Nomor Nomor 2/PUU-XIX/2021. Sebagaimana dikemukakan dalam Putusan Pengadilan Negeri Gorontalo Nomor 60/PDT.G/2019/PN.GTO dan Putusan Pengadilan Negeri Sumber Nomor 25/PDT.G/2020/PN.SBR. dimana Perusahaan Pembiayaan melaksanakan eksekusi objek jaminan fidusia di luar pengadilan melalui parate eksekusi namun pihak lain tidak menghendaki hal tersebut. Permasalahan pada penelitian ini tentang pertimbangan hakim yang berbeda terhadap kedua putusan tersebut dengan rentang waktu pelaksanaan eksekusi objek jaminan fidusia yang terbilang mirip dan terkait keabsahan pelaksanaan eksekusi objek jaminan …

Perlindungan Hukum Bagi Penjual Dalam Perjanjian Jual Beli Hak Atas Tanah Akibat Penyalahgunaan Keadaan (Studi Putusan Mahkamah Agung Nomor 523 K/Pdt/2017), Olivia Ramadhani Dezytasari

Indonesian Notary

Buying and selling is an agreement, where before entering into an agreement the party making the agreement must fulfill the terms of the agreement, one of which is an agreement, if the agreement is not given freely then this causes the agreement to have a defect in the formation of the agreement or is called a defect of will. One of the reasons for canceling the agreement is the abuse of circumstances, where if the abuse of circumstances can be proven in the making of the agreement, the agreement can be requested for cancellation to the Court. The problems to …