Required reconsideration of "do-not-resuscitate" orders in the operating room and certain other treatment settings
Do-not-resuscitate (DNR) orders are assumed to apply in all areas of a hospital, but they should be reconsidered in certain contexts, such as perioperative settings. In any setting involving discrete, time-limited procedures with potential for cardiac arrest, the DNR should be reconsidered, as the benefits and burdens of resuscitation are quite different than elsewhere in the hospital. For example, the survival rate is much higher for patients suffering cardiac arrest during surgery than on the general wards, and retaining DNR orders during perioperative treatment creates special ethical problems.
Publication Name: Law, Medicine & Health Care
Prop. CRT regs. permit flip unitrusts but tighten other provisions
Proposed amendments to IRS regulations on charitable remainder trusts (CRTs) permit unitrusts in some circumstances but limit accelerated trusts and allocating precontribution gains. Trustees may make unitrust or annuity payments to noncharitable beneficiaries of CRTs within a reasonable period once a trust's tax year ends, but proposed regulations would complicate administration for trusts that are not charitable remainder unitrusts. The IRS prefers to regard NIMCRUTs, or unitrusts with makeup provisions, as improper extensions of CRT rules.
Publication Name: Estate Planning
Don't ask, don't tell and other contracting considerations
The enormous losses from derivatives trading gone bad covered in the media are due to common problems with contracts rather than to the complexity of derivatives. These costs result from asymmetric information and the large amount of leverage in the derivatives market increased the losses greatly. The problems in contracting existed even before the losses. This contract problems hypothesis is discussed with regard to several much-covered losses, for example, the one of Orange County, CA, is detailed.
Publication Name: The Journal of Corporation Law
- Abstracts: The fiduciary responsibilities of investment bankers in change-of-control transactions. Typography in the U.S. Reports and Supreme Court voting protocols
- Abstracts: The impact of deregulation of the fairness doctrine on the broadcast industry and on the public. The impact of deregulation on the trucking industry
- Abstracts: The impact of deregulation of the fairness doctrine on the broadcast industry and on the public. part 2 Interest groups, judicial review, and the origins of broadcast regulation
- Abstracts: Revocation of acceptance under the Uniform Commercial Code: an underused remedy. The European Parliament: towards a uniform procedure for direct elections
- Abstracts: CDC expands definition of AIDS; more new cases expected. The right of access to child custody and dependency cases