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Birmingham Bar Association Bulletin

Section Spotlight James Bailey, Chair BANKRUPTCY & COMMERCIAL LAW SECTION Th e Bankruptcy and Commercial Law Section (BCLS) had another great year in 2017. Th anks to the hard work of last year’s chair, Paul H. Greenwood, and the members of the BCLS Executive Committee, our Barristers, Brews & BAR-B-Q Charity Event was a huge success! With the generosity of BCLS members and others in the community, we donated a total of $13,300 between two charities doing incredible work in Birmingham - the Prescott House Children’s Advocacy Center and the Brother Bryan Mission (see photos). Th e BCLS Executive Committee would like to thank everyone who supported the 2017 Charity Event - especially the sponsors and all who attended. Th e Charity Event will be held once again this October. We hope members of the Bar will consider sponsoring and attending Barristers, Brews & BAR-B-Q to support worthy local charities. In addition to the Charity Event, members of the BCLS can enjoy a free annual CLE at the Bar Center. Th e CLE is held in the fall, and further details will be available soon. We encourage members of the BCLS, and the Bar at large, to attend the CLE or consider giving a presentation. If you are interested in giving a presentation, please contact Rob Keller at (205) 833-2589 or rjlawoff @bellsouth.net. Th e BCLS will also have more socials in 2018, including the annual Holiday Party. Th ese are a great opportunity to enjoy time with colleagues and court staff in a casual environment. Finally, the BCLS Executive Committee would like to notify members of the Bar of important bankruptcy legislation that could aff ect Alabama lawyers and businesses. On January 8, 2018, Sens. John Cornyn (R-TX) and Elizabeth Warren (D-MA) introduced the Bankruptcy Venue Reform Act of 2018. Th e bill amends the bankruptcy venue rules under 28 U.S.C. § 1408, and would generally require companies to seek bankruptcy protection in the district where their principal assets or principal executive offi ces are located. Under current law, companies have a wide range of permissible bankruptcy venue options, enabling companies to fi le for bankruptcy outside of their home states, or the district in which their principal place of business or principal assets are located. Current law has resulted in a concentration of large corporate bankruptcy cases in a few districts, particularly Delaware and the Southern District of New York. According to Sen. Warren, “workers, creditors and consumers lose when corporations manipulate the system to fi le for bankruptcy wherever they please.” Sen. Cornyn added that “closing the loophole that allows corporations to ‘forum shop’ for districts sympathetic to their interests will strengthen the integrity of the bankruptcy system and build public confi dence.” Available at https:// 20 Birmingham Bar Association


Birmingham Bar Association Bulletin
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