Institute Will Undertake Projects on Employment Law and Nonprofit Organizations

At its December meeting in New York City the Council approved the recommendations of Director Lance Liebman that the Institute undertake ambitious new projects on employment law and the law governing nonprofit organizations.

The project on employment law will be a full-fledged Restatement, the Institute’s first on this topic. Four Reporters have been designated to work on aspects of the new Restatement — Samuel Estreicher of New York University, Michael C. Harper of Boston University, Christine Jolls of Harvard University, and Stewart J. Schwab of Cornell University — and they have begun preliminary drafting. The project on nonprofit organizations, which will complement in some respects the Institute’s earlier Principles of Corporate Governance, is less far along in its development; Professor Alan L. Feld of Boston University is presently engaged in a preliminary exploration of the project’s scope, a significant component of which is expected to include tax law. Institute members who wish to join the Members Consultative Group for either or both projects should contact Meryl Bonderow at (telephone) 215-243-1676, (fax) 215-243-1636, or (e-mail) mbonderow@ ali.org.

While these projects are moving forward, two other projects previously announced, International Secured Transactions and Taxation of Innovative Financial Products, have been discontinued. As a result of exploratory meetings last year in London for the Secured Transactions project and in Cambridge, Massachusetts, for the taxation project, Director Liebman concluded that the time was not ripe to go forward with either project. The Director continues, however, to explore the possibility of other projects in international commercial law and taxation.