Business Law Section

The Business Law Section furthers the knowledge of its members in the law of the Uniform Commercial Code, banking law, corporate law, partnership law, matters of debtor and creditor relations, and litigation practice related to such law.

Lincoln Memorial University Duncan...
601 W. Summit Hill Dr.
Knoxville, TN 37902
The University of Tennessee...
1505 W. Cumberland Avenue
Knoxville, TN 37996
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Staff Coordinator
Tennessee Bar Association
221 4th Avenue N. Suite 400
Nashville, TN 37219

New U.S. Law Targets Tech Giants

President Trump on Monday signed the John S. McCain National Defense Authorization Act into law, effectively banning U.S. governmental agencies from purchasing or using certain telecommunications and surveillance products, according to Mashable. Two specific Chinese technology companies — ZTE and Huawei — were named in the bill. ZTE is the U.S.’s fourth-largest smartphone manufacturer. Contractors and companies using communication devices with a “substantial or essential component” manufactured by the specified companies will need to replace the technology if they wish to conduct business with the government. National security concerns about both companies have been previously expressed by U.S. intelligence officials. Huawei has expressed disdain and concern about the legislation. This bill will go into effect over the next two years.
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Judge Overturns $19 Million Award to Nashville-based Company

A Nashville-based physician services company will not receive $19 million in damages from a rival company after a Tennessee Court of Appeals judge overturned a 2016 ruling, The Nashville Post reports. Nashville's SpecialtyCare sued Pennsylvania-based Medsurant in 2015 over Medsurant's alleged interference in SpecialtyCare's takeover of a smaller company. Davidson County Chancellor Carol McCoy cited Medsurant repeatedly for not cooperating in the discovery process, and eventually ruled against them on the basis of intentionally destroying evidence to avoid liability. Medsurant's attorneys - Brant Phillips, Russell Stair and Matt Sinback of Bass Berry & Sims; Bob Mendes of Waypoint Law and Richard Simins of Montgomery McCracken Walker & Rhoads - appealed, arguing that the chancellor had made numerous mistakes, the punitive damages were excessive and their clients had overall not received a fair hearing. Judge Kenny Armstrong agreed. "From the totality of the circumstances, we conclude that the grant of default judgment as a sanction for discovery abuses was error," Armstrong wrote.

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