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Advice available for lawyer reservists

first_img November 15, 2001 Regular News Advice available for lawyer reservists Advice available for lawyer reservists The Florida Bar’s Ethics Department With the tragic events that occurred on September 11, many reservists and National Guard personnel were mobilized to assist in the fight against terrorism. Some of those called to duty were members of The Florida Bar. Because of the possibility of a greater mobilization in the near future, it is important for attorneys who may be called to active duty to be adequately prepared to handle the impact on their law practice. While most reservists have a developed contingency plan to protect their clients and law practice, we have learned that some attorneys were not prepared for an immediate mobilization. Mobilization is especially difficult for solo practitioners who do not have the advantage of another attorney working in their office to assist in the transition of cases. Attorneys who practice in a firm have the benefit of allowing another attorney within the firm to handle client matters. The American Bar Association’s Standing Committee on Legal Assistance for Military Personnel has posted some guidance on the ABA’s website which may be beneficial to sole practitioners who do not have a current mobilization plan which includes their law practice. The guidance includes an article entitled “Mobilization Readiness Advice for the Solo Attorney/Reservist.” The article offers tips on selecting an attorney to assist in the winding down of a law practice. Factors such as competence, experience, professionalism, and adequate malpractice coverage are primary considerations when selecting a designated attorney. Transitional conferences with the attorney and staff regarding status of cases are also suggested for at least the most pressing matters. The designated administering attorney would need to have an understanding of office systems such as conflict checks and calenders. It is also important that designated attorneys have access to locked storage facilities as well as passwords to obtain computer information. Most importantly, the trust account should be made accessible. Failure to have an authorized signatory on your account could require a court’s order to release client funds. Client notification is also discussed in the article. Clients should be notified of the possibility of an activation order once it appears that a mobilization is likely. Information provided in the notification would include a discussion of what to expect when activation occurs and the necessity that the client file be forwarded to another attorney. Notification and communication with your malpractice carrier is also critical. The article, as well as samples of suggested documents and checklists, can be viewed in its entirety at www.abanet.org. The Florida Bar has a link to the relevant section of the ABA website on its homepage at www.FLABAR.org. It should also be noted that the Military Affairs Committee of the Florida Bar is sponsoring a pro bono referral program to assist active duty military, recalled reservists, and recalled National Guardsmen with their legal needs. Those interested in volunteering should complete an application (provided below) and return it to the Military Affairs Committee staff liaison, Jennifer Wilson. Civilian attorneys and other local bar associations in the state should refrain from soliciting or otherwise directly contacting the military to provide assistance. The Florida Bar Military Affairs Committee will coordinate all necessary assistance and provide training for the volunteers. In addition, the Law Office Management Advisory Service of the Florida Bar (LOMAS) has information and materials available for attorneys who employ reservists. LOMAS can be contacted at (850) 561-5611.last_img read more

US ruling allows Martinez Sampedro family full disclosure on Codere investors

first_img Related Articles Codere records 10X losses seeking vital lifeline  May 28, 2020 Codere secures €250m credit lifeline on aggressive interest rates  July 14, 2020 Connecticut’s District Court has granted the Martinez Sampedro family a major concession in its ongoing legal dispute against Grupo Codere SA’s US debt-holders, upholding the family’s ‘discovery demand’ against Silver Point, Contrarian and Abrahams Capital hedge funds.Securing its Connecticut demand, the Martinez Sampedro family – enterprise founders of Codere – will be able to access all information related to the US hedge funds refinancing of the bankrupt Spanish gambling group undertaken between 2014 and 2016.As previously declared, Martinez Sampedro representatives intend to use its US demand in relation to the family’s corporate governance dispute being undertaken through Spain’s Capital Markets Commission (CNMV).“The decision to go to the Justice of Connecticut responds that it is in this State where the registered office of Silver Point and another of the funds demanded is located and the authorization marks an unprecedented procedural milestone in Spain,” detailed a Martínez Sampedro statement.A bitter two-year legal challenge sees the Martinez Sampedro family assert that US debt-holders led by Silver Point had failed to follow proper corporate control procedures in its €1 billion restructure of Codere, as deal stakeholders had ‘purposely bypassed’ recommending a takeover offer to founders once they had gained 30% control of the gambling group.Furthermore, the family states that its executive voting rights had been restricted during the period despite maintaining 18% of Codere’s shareholding, branding illegal the appointments of Vicente Di Loreto as new Group CEO and Norman Sorensen as Executive Chairman.This August, a CNMV filing disclosed that Codere governance had withdrawn outright the board representation of brothers’ Jose Antonio (former President) and Luis Javier (former VP) at the firm’s AGM. Codere avoids total collapse with 12-month credit line  June 22, 2020 Submit StumbleUpon Share Sharelast_img read more