Capital Requirements for Insurers
The Committee on Insurance Law submitted comments to the International Association of Insurance Supervisors (IAIS) in response to its solicitation regarding capital requirements for systemically important global insurers. IAIS is a global standard-setting body for insurance regulation. It reports to the G-20 nations. The Committee's comments are intended to share a U.S. perspective on the BCR proposal, particularly in light of ongoing developments in insurance regulation in this country affecting capital standards, systemic risk and group solvency.
Pro Bono Competencies Analysis
In order to facilitate the provision of pro bono legal services and address issues facing attorneys and advocates who offer pro bono services, the Committee on Pro Bono and Legal Services has prepared a chart as a tool to encourage more attorneys to provide pro bono legal services by educating them about the training opportunities and skill development associated with pro bono work. The chart identifies particular types of pro bono matters and which of a broad array of skills are involved in those areas of practice, and to what extent.
The City Bar is now seeking nominations for the Annual Diversity and Inclusion Champion Award. The award recognizes individuals whose actions and activities within the legal profession, particularly in New York City, embody the Statement of Diversity Principles by facilitating "diversity in the hiring, retention and promotion of attorneys and in the elevation of attorneys to leadership positions within our respective organizations." Criteria for nominations can be found here. The deadline for submission is February 21, 2014.
Additional information and nomination forms can be found here. Nomination materials can be submitted to Clare Plunkett, New York City Bar, 42 West 44th Street, New York, NY 10036; via email at firstname.lastname@example.org; or via fax at (212) 869-2145.
Simeon Gold has joined Pepper Hamilton LLP as Of Counsel. Gold was previously a partner with Weil, Gotshal & Manges LLP in New York....Alison G. Greenberg has joined Fensterstock & Partners LLP as Counsel. Greenberg had her own practice prior to joining the firm....Carolyn R. Wolf has been named Partner at Abrams, Fensterman, Fensterman, Eisman, Formato, Ferrara & Wolf, LLP. She is also an Adjunct Professor at Hofstra Law School.
Switching firms or made partner? Won an award? Send your news to MemberNews@nycbar.org; select announcements will appear in the 44th Street eNews or on the website.
Bloomberg BNA, January 30, 2014
Creative Arrangement With Nonlegal Business Must Clear Wide Range of Potential Hurdles
"A lawyer should consider as many as 21 ethics rules, along with other applicable law and court rules, before deciding whether to form an arrangement with a nonlegal business that wants the lawyer to review forms it has completed for customers seeking citizenship in another country in return for a percentage of the customers' fees the business receives, according to an opinion released this month by the New York City Bar's ethics committee (New York City Bar Ass'n Comm. on Prof'l Ethics, Formal Op. 2014-1, 1/14). While not exactly saying no to the proposed arrangement, the committee identified numerous potential problems that could make it unethical, such as possibly assisting the unauthorized practice of law, forming a prohibited multidisciplinary practice, sharing legal fees with a nonlawyer and paying prohibited referral fees."
Art Media Agency, January 31, 2014
New Bill Hopes to Open the Debate on Counterfeit Works
"The New York City Bar Association has drafted a bill which aims to give scholars greater freedom in speaking out against suspected counterfeits, something which has often lead to severe legal repercussions."
The Art Newspaper, February, 2014 (subscription required)
No More Silence of the Scholars (no link available)
"Works of uncertain, or even puzzling, provenance such as the Degas plasters often emerge in the art world, but there have been growing concerns that scholars are reluctant to give expert opinions for fear of being sued. Now, the New York City Bar Association, which wants art historians to be able
to speak more freely, has proposed legislation to protect them from what it describes as 'frivolous' lawsuits."
News India Times, February 7, 2014
Diversity, Immigration, Pro Bono Representation
Among Top Priorities of Bar Association
"How to nurture better educated
lawyers able to cope with the
changes in their profession,
diversify membership with
active recruitment efforts among
women and minorities, expand its
involvement in access to justice
initiatives, international human
rights, and pro bono representation
in many areas, including
immigration, AIDS, homelessness,
and criminal justice are among
the top initiatives of the New York
City Bar Association, a voluntary
association of lawyers and law
students based in New York."