May. 22, 2014

Will Switzerland Save U.S. Workers From a Pyrrhic Victory?

 Recently, and much to the chagrin of union leadership in Switzerland, Swiss workers turned a deaf ear to the siren calls for a facially appealing, yet ultimately unsustainable $25 minimum wage. Against the backdrop of global protests for higher wages, Swiss voters overwhelmingly rejected a national referendum that would have created the world's highest minimum wage. Switzerland's rejection of a wage floor was not an act of greed, it was a conscious and economically responsible decision by the Swiss populace to protect their financial interests and economy.

The Swiss vote marks a pivotal moment in the global discussion over economic inequality, and may prove detrimental to President Obama's attempt to increase the minimum wage across the United States. It may also wake up American workers who are foolishly being pushed by their union leaders to the arbitrary and capricious sum of $10.10 selected by President Obama.

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Fresh


Ignorance Is Not Bliss: Demystifying Executory Contracts in Bankruptcy Cases

An executory contract can create havoc for the unsuspecting counterparty. 

Most businesses are (reluctantly) required to deal with customers, suppliers and counterparties to agreements that enter bankruptcy proceedings, yet there is a great lack of knowledge as to how the concept of an executory contract can create havoc for the unsuspecting creditor/counterparty. Recent litigation in Delaware involving the sporting goods retailer Eastern Outfitters LLC (Eastern Mountain Sports and Bob’s Stores) points to some of the issues.

 

Evening of Wine & Cheese

A private reception
Tuesday, February 28, 2015
5:30 p.m. – 7:30 p.m. 
Timpano’s Italian Chophouse 

Lawyer Up: As Retail Bankruptcies Increase, Creditors Must Be Vigilant

Virtually no attention has been paid to what will soon be a big problem

While much has been written about the future of brick-and-mortar retailing as a result of the large number of retail bankruptcies during 2016 and even during the first weeks of 2017, virtually no attention has been paid to what will be a significant problem for creditors of those retailers that have sought bankruptcy court protection—even if some of the retail locations remain open.

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