By Bryan Norris
Fellow members of the YLD: My name is Bryan Norris, and I serve as your American Bar Association State Bar Delegate, representing the NCBA YLD within the North Carolina delegation to the ABA’s House of Delegates. On February 5, 2018, the American Bar Association held its Mid-Year Meeting, where the House of Delegates considered a slate of resolutions addressing issues relevant to young lawyers as well as members of the bar at large. This blog post is intended to provide you with a recap of resolutions of potential interest to young lawyers that were considered by the ABA House of Delegates. The resolutions are grouped by subject matter, and links to pertinent documents are provided for your reference. If you have any questions or concerns about the resolutions passed at the Mid-Year Meeting, or if you would like to become more involved in the ABA and its important work, please feel free to contact me via email.
By Bain Jones
While seeing “The Darkest Hour,” the award-nominated movie about the early months of World War II in Britain, I was impressed that Winston Churchill chose to effectively use his coalition war cabinet, a group of diverse individuals. Reflective of the 1930’s, this group of leaders did not have gender or racial diversity. However, it did have a cross-section of diverse individuals. Members of the nobility, aristocracy, military, merchants, union representatives and other walks of life in Great Britain were present to advise the Prime Minister concerning policy and actions in those dark days. With the challenging issues facing our nation, our state, communities and our Bar and legal practice, I must believe that bringing diversity of life experiences, cultural backgrounds, intelligence and work experiences to the forefront would have to result in reasoned and successful decisions and experiences.
By Justin M. Mann
An early focus of the U.S. Food and Drug Administration (FDA) under the new leadership of FDA Commissioner Scott Gottlieb, MD, has been regenerative medicines, which “hold significant promise for transformative and potentially curative treatments for some of humanity’s most troubling and intractable maladies.” One of the areas of regenerative medicine that can be particularly difficult to regulate is treatments with human cells, tissues, and cellular and tissue-based products (HCT/Ps), because these treatments tend to be fairly individualized and there is a fine line of demarcation between medical practice and processes regulated by FDA.
By Kemal Su
Mehmet Hakan Atilla, a high level banker at the Turkish state-controlled Halkbank, was convicted on January 3, 2018 of helping Iran circumvent international sanctions and gain access to billions in restricted petrodollar funds. Throughout the trial, witnesses described a conspiracy to avoid U.S.-imposed Iranian sanctions that was allegedly supported by the highest levels of the Iranian and Turkish governments. Although six (6) other banks were named during the trial, Halkbank appeared to be at the center of the conspiracy. While the guilty verdict applied only to Mr. Atilla, the fallout for Halkbank is only just beginning. If the U.S. government finds that Halkbank engaged in wrongdoing, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) can impose a range of potentially debilitating penalties that will affect the future viability of the bank and may trigger a Turkish financial crisis. In order to understand what actions the OFAC may take, it is useful to have a look at what happened when U.S. authorities investigated BNP Paribas SA (BNPP).
By Keith A. Wood
This is the first of two installments of this article.
I. Audit Statistics; What Are Your Chances of Being Audited?
The 2016 Internal Revenue Service Data Book (IR-2017-69) contains audit statistics for the fiscal year ending September 30, 2016. Here are the audit statistics for returns filed for calendar year 2015 (“CY 2015”):
West Legal Ed’s Federal Publications Seminars will host a free one-hour briefing on legislative and policy developments relating to the Committee on Foreign Investment in the United States (CFIUS). CFIUS reviews proposed foreign investment in U.S. companies for potential national security concerns. U.S. companies that serve the federal government must stay abreast of how the Trump administration is implementing the CFIUS review process and how this process could change as Congress debates the first major CFIUS reform legislation in over a decade.
By Jason Walters
Welcome to the new YLD Blog! We hope that this Blog will provide insight and information into all the great work that is being accomplished by our volunteer attorneys. We plan to use the YLD Blog to provide substantive practice pointers, tips on well-being, information on YLD events and projects and updates on YLD committee activity.
We want you to join us and are always looking for bloggers. If you have an interest in writing for the YLD Blog, for the rest of the 2017-2018 bar year, please contact Robb Broughton at email@example.com.
In order to catch you up to speed on some of the many activities and accomplishments of this bar year, I wanted to share highlights of our recent work.