Latest In Legal Issues in Wholesale Distribution
This article looks at what concerns distributors most about the upcoming election, as noted in a recent MDM survey. In addition to the survey, MDM spoke with distributor associations that are playing an active role in educating and speaking for their members on critical topics in Washington DC.
While the election does not directly determine laws and regulations, the winners of the races – from the President down to local contests – will play a role in the country’s direction for the next several years.
It’s important for distributors to make sure their voices are being heard.
And it’s important for “everyone to …
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Now that the U.S. Supreme Court has upheld the Patient Protection and Affordable Care Act, businesses that have taken a “wait-and-see” approach to much of the law will have to take quick action to determine what they need to do to ensure they are in compliance. This article examines some of the key provisions of the PPACA and steps that businesses should be taking now.
In June, the U.S. Supreme Court upheld the Patient Protection and Affordable Care Act– commonly referred to as Obamacare – as constitutional, bringing to a close yet another chapter of the heated debate that has raged in Washington and across the country since the bill was passed in 2010. While some measures, such as the elimination of preexisting conditions for children and the extension of coverage for children to age 26, were already implemented, many more are slated to go into effect over the next 18 months.
But there’s a problem: The law contains so many provisions that it can be difficult for anyone to really understand what they need to do next. And misconceptions persist about what the law includes. In a recent MDM survey ...
Jade West, senior vice president-government relations for the National Association of Wholesaler-Distributors, presented an overview of key regulatory shifts affecting distributors at NAW’s 2012 Executive Summit at the end of January. Here is an overview of regulations that NAW is tracking.
Regulatory, rather than legislative, action is top of mind for wholesaler-distributors this year. According to Jade West, senior vice president-government relations for the National Association of Wholesaler-Distributors, Congress is unlikely to do much this year due to the presidential elections in November as well as ongoing gridlock over key political issues.
West spoke at the NAW 2012 Executive Summit about the top issues affecting distributors that NAW is tracking and taking action against this year. NAW is part of the …
MDM spoke with Howard Levine, partner at Sussman Shank LLC in Portland, OR, and attorney for Western Tool Supply in its reorganization through Ch. 11 bankruptcy. He spoke about the process and what factors make success more probable.
MDM: Provide an overview of what it means when a company files for Ch. 11 bankruptcy protection.
Howard Levine: The bankruptcy code is simply a tool that’s available to companies in financial distress that empowers the company with certain provisions of the law to change agreements that it has with its creditors. In its simplest form that is what bankruptcy is. What Ch. 11 does to a large extent is changes the leverage between the debtor and its creditors.
In Ch. 11 the idea is that the creditor and debtor are supposed to get together and figure out a business solution to their problems. In my view, it’s a shared problem.