State Department Advisory Committee Meets on Italian Request for Import Restrictions
Peter Karl Tompa of Carr Maloney P.C.
On October 12, 1999, the US State Department's Cultural Property Advisory Committee met in public session on Italy's request for import restrictions on a wide variety of artifacts dating from the 5th millennium BC to the 5th c. AD, including ancient Greek and Roman coins.
Have You Talked to Your Audit Committee Lately? The evolving role of the audit committee in a post-Enron world
David J. Berger,Katharine A. Martin and Michael D. Weisberg of Wilson Sonsini Goodrich & Rosati
Today's audit committees are under enormous pressure to expand their roles and assume greater responsibility in all aspects of financial reporting and disclosure. Audit committee members should expect continued action in this arena in the form of forthcoming legislation and rulemaking, as well as demands from stockholders and other constituents.
Bankruptcy--Appointment/Modification of Creditor Committees
William F. Frey of Honigman Miller Schwartz and Cohn LLP
This case involved the bankruptcy of a debtor corporation caused by the filing of thousands of individual tort clai.
The Financial-Adviser Model for Attorney Compensation in Bankruptcy Cases
Laurie Selber Silverstein of Potter Anderson & Corroon LLP
The issue of attorney compensation remains a perennial focal point for both bankruptcy practitioners and their clients. The June 27, 2002 edition of The Daily Deal asked "Are Bankruptcy Professionals Getting Excessive Bonuses for Just Doing Their Jobs?" In the article, the author discusses the fee enhancements or success bonuses requested and/or received by financial advisors, chief executive officers, and lawyers. It was reported that the "new twist" was that "law firms are now attempting to model their fee enhancements on what financial advisers have done by asking the court to approve their success fee at the beginning of their engagements."
Court Allows Reimbursement Of Attorneys' Fees to Member Of Creditors' Committee
Jacqueline B. Stuart of Weil, Gotshal & Manges LLP
This article discusses a recent Third Circuit opinion that held the Bankruptcy Code allows for reimbursement of attorneys' fees to member of creditor's committee.
The Role Of Compensation Committees In Corporate Governance
Barry J. Reiter of Torys LLP
When the Enron, Worldcom, Tyco and related corporate scandals surfaced a few years ago, the immediate attention was on financial irregularities and their intended watchdogs: audit committees. Legislation, regulation and investor scorecarding have focused on the independence of audit committees and the assignment of specific responsibilities to those committees. However, simmering in the background before and throughout this period were concerns about executive compensation and the role of compensation committees in setting it.