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| vol 21, num 2 | October 2023 |
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| FRBP 9006 Doesn’t Take Vacations: How to Appropriately Calculate Deadlines Under the Bankruptcy Rules |
| When a deadline falls on a weekend or a holiday, Federal Rule of Civil Procedure 6 (and its analogues Federal Rule of Bankruptcy Procedure 9006 and Federal Rule of Appellate Procedure 26) does not apply if the deadline is not calculated. In other words, if the court order states the deadline as a specific date, that date is the deadline, and it does not matter if it falls on a holiday. This is confirmed by the advisory committee’s note to the 2009 amendment: “The time-computation provisions of subdivision (a) apply only when a time period must be computed. They do not apply when a fixed time to act is set.” |
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| Important Considerations Ahead of an International IP Valuation |
| Intellectual property (IP) is a type of intangible asset held by businesses. It includes trademarks, patents, copyrights and more. Compared to tangible assets, identifying and calculating the value of intangible assets can be much more complex. When properly identified and valued, these assets help in creating or maintaining corporate value.
Intangible assets are extremely important to the organizations that own them. Their beneficial revenue streams are dependent on maintaining patent and trademark protection, and ensuring that trade secrets and know-how are privileged and confidential.
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| Crypto Chaos: Infinite Wealth, Digital Hype and Economic Realities |
| In the realm of digital finance, economics and behavior, a peculiar phenomenon has emerged — one that stirs emotions, challenges conventions, and sometimes leaves us questioning the sanity of it all. For far too long, it seems, emperors with no clothes have danced their deceptive jig before a diverse audience, from seasoned investors to hopeful novices.
The Hype
This peculiar circus found its breeding ground in a confluence of factors: zero-interest-rate policies (ZIRPs), the disruptive shock of COVID-19, the advent of remote work, the pervasive influence of social media, growing government resentment, and the democratization of finance. Suddenly, everyone could become rich overnight through day-trading. Amidst the fervor, mainstream media, celebrities and asset-managers eagerly sought a seat on the crypto bandwagon, while a disparate band of charlatans and self-styled “finfluencers” only exacerbated the chaos.
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| 2023 "40 Under 40" Emerging Leaders in Insolvency Practice Announced |
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| Last week, ABI announced the honorees of its 2023 “40 Under 40” award program, which annually identifies 40 top industry professionals under age 40. ABI “40 Under 40” honorees are distinguished by their professional achievements and service, and are selected by a group of experienced insolvency professionals. This year’s honorees will be recognized at a special ceremony on Dec. 1 during ABI’s 2023 Winter Leadership Conference at the Fairmont Scottsdale Princess in Scottsdale, Ariz. Take a look at our press release. |
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| Register Today for ABI'S Winter Leadership Conference |
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Join the Young & New Members Committee November 30 - December 2 in Scottsdale, Ariz., at ABI's Winter Leadership Conference — one of the biggest insolvency events of the year! Mix professional development and networking at a variety of timely educational sessions, networking events and optional programs.
This year, the committee will be pairing with the Ethics and Professional Compensation Committee to host a session titled, "Intersection of Arbitration and Bankruptcy."
Speakers for this session include:
- Justin R. Alberto of Cole Schotz P.C.; Wilmington, Del.
- Alexis A. Leventhal of Reed Smith LLP; Pittsburgh
- Samuel A. Newman of Sidley Austin LLP; Los Angeles
- Hon. Stacey G. C. Jernigan U.S. Bankruptcy Court (N.D. Tex.); Dallas
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