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 About the Business Law Section
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.
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