Richard P. Ormond, Esq. is a shareholder with Buchalter APC. His practice experience includes receivers, provisional directors and other remedies, commercial real estate solutions, commercial, corporate and business solutions, litigation, and alternatives to bankruptcy, including assignments for the benefit of creditors intellectual property and technology related issues. Mr. Ormond has tried cases before the Los Angeles Superior Court; the U.S. District Court, Central District of California; and the Bankruptcy Court of the U.S. District Court, and he has arbitrated before JAMS, Alternative Dispute Resolution, and the American Arbitration Association. He serves as the current chair of the California Receivers Forum and he is the former chair of the Remedies Division of the Los Angeles County Bar Association. He teaches continuing legal education courses on high-yield debt issues, cannabis business law, receivership law and practice, dispute resolution, intellectual property issues, considerations for complex litigation and lender security in intellectual property. Mr. Ormond was recognized as one of L.A.’s Top 100 Lawyers by the Los Angeles Business Journal. He was recognized by Super Lawyer Magazine as a Super Lawyer Rising Star or a Super Lawyer every year from 2002 to 2016. Mr. Ormond earned his undergraduate degree from the University of California, Los Angeles and his J.D. degree from the University of San Diego School of Law. He also earned a certification in international business law from the University of Buenos Aires/University of Belgrano in Argentina.
Lending to Marijuana Businesses
Re-Broadcast on December 6, 2017
Attorney Richard Ormond will discuss specific laws, regulations, recent legislation and requirements that surround commercial lending to marijuana businesses. Attorneys will walk away with a grasp of the ins and outs of this niche industry and knowledge as to how to overcome common obstacles that frequently arise.
This course is co-sponsored by Wolters Kluwer.
Key topics to be discussed:
• How the Controlled Substances Act Affects the Marijuana Industry's Access to Banking
• State Legalization vs. Federal Drug Laws
• Credit Risks for Banks That Want to Provide Services in This Area
• Interpreting the Department of Justice's Memoranda
• Current Regulatory Structure for Banks
• FinCEN Guidance: Due Diligence, Risk Assessment Mandates for Financial Institutions, and Required Reporting
• Why Don't We Have a Marijuana Bank? Industry Concentration and Safety and Soundness Considerations
• Update on Federal Legislation
• Update on Selected States
Date / Time: December 6, 2017
• 2:00 pm – 4:00 pm Eastern
• 1:00 pm – 3:00 pm Central
• 12:00 pm – 2:00 pm Mountain
• 11:00 am – 1:00 pm Pacific
Choose a format:
• Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
• On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.
mylawCLE seeks approval in all states.
CLE 2.00 – AK
CLE 2.00 – IA
CLE 2.00 – MP
CLE 2.40 – NY
CLE 2.00 – UT
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