Mission
The mission of the Business Law Section is to foster the highest quality of professionalism and practice in business law and to enhance the legislative and regulatory environment for conducting business in Michigan. To fulfill this mission, the Section shall: (1) expand the resources of business lawyers by providing educational, networking and mentoring opportunities; (2) review and promote improvements to Michigan's business legislation and regulations; and (3) provide a forum to facilitate service and commitment and to promote ethical conduct and collegiality within the practice.
Become Active in the Section
It is easy to become active in the Business Law Section. As is true with many volunteer organizations, the time and effort put into the Section by its officers, Council members, Committee chairs, and other active members directly correlates to the viability of the Section and its worth to all Section members. Volunteer Today
MAC Cup M&A Negotiating Tournament
It’s kick-off time for the second season of our MAC Cup M&A negotiating tournament, with more students, more negotiations, and more awards! We’ve expanded eligibility, to include Canadian as well as US JD candidates. We’ll have qualifying rounds at the end of October/early November, and then (like last year) semi-finals and finals in January, culminating at our Laguna stand-alone meeting. Applications will be accepted Sept. 3 – 13. .
- Please encourage your summer associates to participate! You also should reach out to your favorite law schools to encourage them to field a team and enhance (or defend) their reputation.
- You can point students to the new MAC Cup website – here – where they’ll find materials from last year’s competition and information on this year’s competition, and can sign up for updates and application materials.
- If you’re interested in judging or coaching a team, or want to help with the competition, please contact themaccup@mwe.com
- More information is available at the MAC Cup website or by e-mailing the MAC Cup Subcommittee at themaccup@mwe.com
- Thank you to our MAC Cup II sponsors (to-date): Sullivan & Cromwell, Hotshot, Dexterity, McDermott Will & Emery, and Morrison & Foerster. Sponsorship opportunities (see options here) are still available – contact Ariel Veytsman aveytsman@mwe.com
If you’re e-mailing potential student participants, you can send them a note along the lines of the following:
JD students interested in M&A,
The ABA Business Law Section’s M&A Committee is kicking off the second season of its MAC Cup M&A negotiating tournament. Last season, students from 8 schools competed (virtually and in-person) in mock negotiations of a business acquisition, with the semi-final and final rounds occurring in-person at the M&A Committee’s meeting in Laguna Beach, California (with travel costs covered by the M&A Committee) and the final teams receiving scholarship awards along with their trophies.
This season the competition is expanding to include qualifying rounds in the fall, providing more opportunities for you to participate and gain recognition. Contestants will get access to professional M&A training materials as well as practical M&A drafting and negotiation experience. Contestants also will get the opportunity to interact with the M&A lawyers and other professionals in the M&A Committee, a leg-up on issues and skills when you start working and (for winners) an expense-paid trip to Laguna and other prizes.
· The competition is open to JD candidates from US and Canadian law schools.
· Applications will be accepted Sept. 3 – 13. Qualifying rounds will be held in late October/early November, with semi-finals and finals in January 2025.
· More information is available at the M&A Committee’s MAC Cup website – here – where you can sign up for updates and application materials, and access materials from last year’s competition.
We encourage you to consider this opportunity.
Michigan’s “New Expanded” Receivership Act Webinar
Set forth is a link to the October 23rd webinar on the new expanded Michigan Receivership Act enacted and immediately effective on October 15, 2020. The link contains the audio presentation and the written materials utilized for the presentation. We hope that they will provide you with resource materials to better understand the new recently enacted legislation.
Updates on Michigan Uniform Securities Act (MUSA) Rule-Making
The Michigan Uniform Securities Act (2002), Public Act 551 of 2008, MCL 451.2101 et seq. (“MUSA”) became effective on October 1, 2009, and thereby superseded the 1964 version of this largely uniform state law. On September 1, 2016, the Corporations, Securities, and Commercial Licensing Bureau (“Bureau”) of the Michigan Department of Licensing and Regulatory Affairs (“LARA”) published for public comment a new rule set (“Proposed Rules”). These Proposed Rules would implement various regulatory changes made by the new MUSA. If adopted, the Proposed Rules will replace six transition orders that implemented a limited number of the statutory changes made by the new MUSA. The Proposed Rules would make a significant number of further changes in Michigan’s regulation of securities, including important public policy changes directly impacting small business capital formation, securities offerings, private funds, securities brokerage, and investment advisory services. For more information, please see the following resources: