Sentence Reduction
Wage and Overtime Law
Corporation Set Up
Commercial Law and Litigation
NEWS
A Rule 35 is a " Post Sentencing Coperation Agreement " that can be rewarded with a sentence reduction.
Third-Party Cooperation
It is also possible, in certain circumstances, for the cooperation of one person to be credited to another person for Rule 35 purposes. How this often works is that the incarcerated defendant has a friend or relative who is willing to cooperate with the Government in exchange for a reduction in the incarcerated defendant's sentence.
What Is Rule 35
The FT has a good story today about "living wills," the idea that banks and other large financial institutions should provide a plan for the own wind-down in the event of a future financial crisis. The hope is that such a plan will necessitate simplification of corporate structures and provide the basis for an orderly, pre-described resolution of the firm's troubles.
Although I have yet to see the discussion move this way, it seems to me that these living wills need to be designed in conjunction with a system for resolving an institution's financial distress. Be it chapter 11, chapter 11 modified, or a new chapter entirely, in the United States living wills should essentially plug directly into a pre-existing statutory structure.
Kr.
The Credit Cardholders' Bill of Rights would end retroactive interest rate hikes and hikes without notice, put an end to double cycle billing, and limit fees and penalties. It is legislation that needs to be adopted. Not surprisingly, the bill is facing tough opposition from the financial services industry which is trotting out the usual arguments about credit restrictions and price hikes. These canards, although I know some will disagree with me about that characterization, are used every time consumer lenders face legislation that might make them play fairly. I'll let that debate play out in the comments, as it undoubtedly will.
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