SelectedWorks @ Widener University Commonwealth Law School
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Demystifying FAS 133--Part 1
No full textFAS 133 has generated substantial confusion and expense, especially for end-users acquiring derivatives as hedges. This article will give a general overview, whilst next week\u27s will focus on hedge accounting
Random Walks Down the Aisle and Class Participation
No full textAfter attending a mock class discussion at the AALS Workshop for New Teachers, I developed a strong dislike for randomly calling on students
Wal-Mart’s Woes: Verification of Employment Eligibility of Independent Contractors
No full textWhen federal agents raided 60 Wal-Mart stores and Wal-Mart\u27s executive offices on October 23, 2003, an important issue was brought to the headlines: a company\u27s obligation to verify the employment eligibility of independent contractors, and individuals employed by an independent contractor or a subcontractor, to perform services on behalf of the company
Verifying Employment Eligibility of Independent Contractors
No full textIt is unlawful to hire an individual as an employee in the United States without verifying the individual\u27s identity and employment eligibility under the Immigration Reform and Control Act of 1986. Through IRCA, Congress developed a verification system to curb the employment of non-U.S. citizens who do not have work authorization from the federal government
Netting, Financial Contracts, and Banks: The Economic Implications
No full textDerivatives and certain other off-balance sheet contracts enjoy special legal protection on insolvent counterparties through a process referred to as close-out netting. This paper explores the legal status and economic implications of this protection. While this protection benefits major derivatives dealers and derivatives markets, it is less clear that other market participants or markets in general are better or worse off. While we are not able to conclude whether or not these protections are socially optimal, we outline the wide range of issues that a general consideration of the pros and cons of netting protection should take into cognizance, and analyze some of these issues critically. Ultimately the question becomes one of quantifying complex trade-offs
Foreign Nationals: Phila.’s Untapped Resource
No full textDesperately Seeking New Philadelphians was the title of a program recently attended by Philadelphia civic and business leaders. The program, sponsored by the Pennsylvania Economy League and the Daily News, featured a panel discussion focused on generating ideas on how to attract more new residents to Philadelphia. Among other things, the panel discussed Philadelphia\u27s comparatively low rate of attracting foreign nationals to live and work in the city