About the Business Law Section
The Business Law Section, with a membership of approximately 4,500, is one of the largest Sections of the New York State Bar Association. Its members consist of attorneys whose practice involves some aspect of commerce or finance although the focus of the practice of the members is quite diverse – ranging from securities to consumer finance. To accommodate this breadth of practice, the Business Law Section is composed of ten committees which offer the practitioner with commercial clients information in such diverse areas as: Bankruptcy, Banking, Corporations Law, Consumer Finance, Franchise Distribution and Licensing, Derivatives and Structured Products, Insurance, Securities Regulation and the constantly evolving area of Information and Technology Law. These Committees hold separate meetings for the purpose of reviewing current developments in their areas. Members enjoy the benefits of participating in discussions relating to breaking developments in the business and financial services world and the opportunity to also expand their personal network of contacts within the profession. Attendance at some Committee meetings and other scheduled Section meetings can also serve to fulfill mandatory educational requirements.
The Section publishes the NY Business Law Journal which is designed to provide practice-oriented insight and guidance relevant to the business law practitioner, with special emphasis on lawyers who practice in the State of New York.
The Business Law Section has been in the forefront of introducing, monitoring and evaluating legal developments in the areas of business and finance on both federal and New York State levels. Members of the Securities Committee continue their work on implementation of the Sarbanes-Oxley and related legislation and regulations dealing with greater oversight of corporations in the post Enron environment. Related issues will involve the structure and function of audit committees and the ethical responsibilities of lawyers who advise corporations. On the Consumer Finance and Banking fronts, "predatory lending" and the dispute between federalists and states’ rights advocates as to "who" should have the power to curb abusive residential mortgage lending practices while preserving a credit market for those with less than perfect credit histories, continues to be a major issue.