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Lowell Milken Institute for Business Law & Policy

Spring / Summer 2018

Insights: The Business Law Breakfast series explores hot topics including the Wells Fargo debacle and Professor Adam Winkler's much-praised book We the Corporations.

Start-Up Sensations: UCLA Law student-led clean energy firm Mote took top honors and $70,000 in the third annual Lowell Milken Institute-Sandler Prize for New Entrepreneurs. The competition, pairing law students with innovators from other UCLA disciplines and beyond, offers the largest entrepreneurship award associated with any law school in the country.

 

Talking Silicon Beach: In March, LMI hosted its first Silicon Beach Conference, examining the legal and policy issues faced by the more than 500 startups, incubators and accelerators in L.A.’s burgeoning tech economy.

Lunch and Learn: Each semester, LMI’s lunch programs address top issues in business law.

 

Professor Stephen Bainbridge and co-author M. Todd Henderson of the University of Chicago examine why corporate boards regularly fail to govern effectively, and provide a revolutionary response in Outsourcing the Board.

Professor Kirk Stark is serving as a consultant to the California State Senate in response to the federal tax overhaul, which hurts California taxpayers. Stark's proposal for a new income tax credit has passed the Senate and awaits an Assembly vote.

Professor James Park, faculty director of the Lowell Milken Institute, issued Law Firms in Los Angeles After the Financial Crisis, a study of growth, profits and changes in the L.A. legal market. Read media coverage here.

 

The Real Deal: Annie Dewberry ’20 and Vanessa King ‘20 took top honors in the complex real estate challenge sponsored by Pircher, Nichols & Meeks. 

Best Brief: Kevin Liang ’18 and Stefan Love ’19 won the award for Best Brief in the 2018 Duberstein Bankruptcy Moot Court Competition. 

Transactional Action: UCLA Law's Intramural Transactional Competition drew 35 students; six were chosen for the national Transactional LawMeet.

Read more about the Lowell Milken Institute's competitions.

 

Spotlight on Scholarship

 
Iman Anabtawi

Professor Iman Anabtawi's Predatory Management Buyouts explains the issues that arise when management, partnering with a financing source such as a private equity firm, seeks to buy out public shareholders. 

 
Outsourcing the Board

Steven A. Bank, the Paul Hastings Professor of Business Law at UCLA School of Law, explores the question of When Did Tax Avoidance Become Respectable? Once considered unpatriotic by the American public, tax avoidance is now considered an acceptable and even expected strategy.

 
Daniel J. Bussel

Professor Daniel J. Bussel’s Doing Equity in Bankruptcy addresses equitable remedies’ tendency to impair fundamental bankruptcy policies favoring equal treatment of creditors, debtor fresh start and reorganization.

 
Lynn M. LoPucki

Lynn M. LoPucki, the Security Pacific Bank Distinguished Professor of Law at UCLA School of Law, in his article, Algorithmic Entities, identified a possible doomsday scenario as a result of corporate law’s failure to stay ahead of technological changes.

 
James Park

Eric M. Zolt, the Michael H. Schill Distinguished Professor of Law, and Professor Jason Oh consider Wealth Tax Add-Ons: An Alternative to Comprehensive Wealth Taxes that have been proposed by policymakers who are attempting to address income and wealth inequalities.

In their paper, professors Zolt and Oh propose a different set of instruments that countries can employ and avoid some of the disadvantages of a comprehensive wealth tax.

 
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