Lowell Milken Institute for Business Law and Policy


Business Law Alumni Newsletter

Spring 2017

Business Law Breakfasts

http://i8.cmail19.com/ei/d/B9/33D/7E2/csimport/image4.160340.pngThe Lowell Milken Institute provides a forum for the exploration of important current business law issues. We bring together legal practitioners, business advisors, business executives, federal and state regulators and academics for in-depth discussions with the goal of developing policies and resolutions that make a difference in the business law community. This spring, the Lowell Milken Institute hosted three Business Law Breakfasts.

Victor Fleischer, Co-Chief Tax Counsel on the Senate Finance Committee addressed Tax Reform:  The State of Play.  Mr. Fleischer provided an overview of the tax reform efforts in both the United States House of Representatives and the Senate.  (More)


Brandon L. Garrett, the Justice Thurgood Marshall Distinguished Professor of Law at the University of Virginia School of Law, discussed his recent publication Too Big to Jail with commentary provided by Stephanie Yonekura, former Acting U.S. Attorney in Los Angeles. (More)


This spring, the Lowell Milken Institute partnered with the Southern California Chapter of the National Association of Corporate Directors to present a conversation with Myron T. Steele, the former Chief Justice of the Delaware Supreme Court on New Issues for Corporate Governance under Delaware Law.  Chief Justice Steele was joined by Arnie Pinkston, Director of Janus Capital Group, and the discussion was moderated by Stephen M. Bainbridge, the William D. Warren Distinguished Professor of Law, UCLA School of Law.  (More)

2017 Lowell Milken Institute-Sandler Prize Winners Selected!

http://i3.cmail19.com/ei/d/B9/33D/7E2/csimport/DSC_0315.161636.jpgOn Wednesday, April 19, 2017, six UCLA teams competed in the Final Round for the Lowell Milken Institute-Sandler Prize for New Entrepreneurs. Two prizes were awarded by the blue-ribbon panel of judges: a first place prize of $70,000 and a second place prize of $30,000. The prize money must be used for the ventures created by each of the winning teams. 

Mechanodontics team members, from left to right: Mehdi Roein-Peikar (Dentistry '19) and Angela Li (JD '17).

http://i4.cmail19.com/ei/d/B9/33D/7E2/csimport/DSC_0313.162046.jpgMechanodontics won the $70,000 first place prize and YT AG. won the $30,000 second place prize.  This year, the Lowell Milken Institute also sponsored an Audience Favorite Award, in which audience members were able to vote for the team they thought had the most compelling plan. Team Good Luck Gaming won the Audience Favorite Award, and the team members will receive $1,000 to be split among them.  (More)      
YT AG. team members, from left to right: Jared Xu (JD ’16);  Tim Yingtian Yu (PhD ‘17) and Sofia Beltràn (JD ’17).

Lowell Milken Institute Publishes the 2017 Private Fund Report and Hosts Accompanying Conference: 
Does “Two and Twenty” Have a Future?

https://lowellmilkeninstitute.law.ucla.edu/wp-content/uploads/2017/05/DSC_0186.jpgOn Thursday, May 18, 2017, the Lowell Milken Institute published its 2017 Private Fund Report  in conjunction with hosting the fourth annual Private Fund Conference.  Under the leadership of Tim Spangler, Director of Research, the 2017 Private Fund Report and Conference tackled the thorny question of whether the “Two and Twenty” compensation structure for private fund managers will persist.


The conference provided a diverse set of viewpoints on the controversial subject and facilitated a frank and open conversation regarding the justification for the Two and Twenty compensation system as well as exploring changes and new approaches to compensation in the industry.  Three panels of professionals in the private fund industry examined fee structures, investor/manager alignment and related issues.  Panelists included fund managers, large pension fund investors, academics, fund lawyers and the SEC.


The conference concluded with the keynote address from Jagdeep Bachher, Chief Investment Officer of the UC Regents.  Mr. Bachher is responsible for managing the UC Pension, endowment, short-term and total-return investment pools representing a portfolio of more than $100 billion. 

UCLA School of Law’s Two LawMeet Teams Victorious at National and Regional Competitions  

http://i6.cmail19.com/ei/d/B9/33D/7E2/csimport/image6.100543.jpgEach year the Lowell Milken Institute sponsors two teams of UCLA Law students to complete in the Transactional LawMeet.  This year UCLA Law’s two LawMeet Teams each took first place in their regional competition. By winning their regional competition each UCLA Law team then advanced to the National Championship final round held in New York at the offices of Sullivan & Cromwell LLP.  Only 14 teams out of an initial 84 teams advanced to the National Finals.

Left image, from left to right: Christine Ristow, Reema Kapoor and Kimberley Johnson.

http://i7.cmail19.com/ei/d/B9/33D/7E2/csimport/image5.100551.jpgAt the National Finals, the team of Kimberley Johnson (J.D. ‘17), Reema Kapoor (LLM ‘17), and Christine Ristow (J.D. ‘17) won Best Draft in the 2017 Transactional LawMeet.  They were joined at the National Championship finals by the UCLA Law team of Stephen Bandrowsky (J.D. ‘17), Adam Dondoyano (J.D. ‘18), and Tyler Dodge (J.D. ‘17).  (More)

Right image, from left to right: Stephen Bandrowsky, Adam Dondoyano and Tyler Dodge.          

UCLA School of Law and the Lowell Milken Institute Host Prestigious Symposium on Delaware Corporate Law

http://i2.cmail19.com/ei/d/B9/33D/7E2/csimport/image1small.161459.pngOn February 17 and 18, 2017, UCLA School of Law and the Lowell Milken Institute for Business Law and Policy convened a group of distinguished corporate law professors and practitioners from around the country to address  how Delaware came to dominate the corporate law world and whether Delaware will sustain that dominance in the future. The symposium, organized by Professor Stephen M. Bainbridge, brought together a formidable lineup of panelists to explore this important topic. (More)


The papers written for and first presented at the conference will be collected and published in a book by Cambridge University Press.  Video Recordings of Day One and Day Two of the conference are available.



UCLA School of Law’s Business Law Faculty Scholarship in 2016-17

Professors Stephen M. Bainbridge and Iman Anabtawi new casebook Mergers and Acquisitions: A Transactional Perspective(More) 




Iman Anabtawi
Predatory Management Buyouts, 49 UC Davis Law Review 1285 (2016).

Stephen M. Bainbridge
Revitalizing SEC Rule 14a-8's Ordinary Business Exemption: Preventing Shareholder Micromanagement by Proposal, 85 Fordham Law Review 705 (2016).

Limited Liability:  A Legal and Economic Analysis (with M. Todd Henderson).  Edgar Elgar Publishing (2016).

Fee-Shifting: Delaware's Self-Inflicted Wound, 40 Delaware Journal of Corporate Law 851 (2016).


Steven A. Bank
Executive Pay: What Worked? (with Brian R. Cheffins and Harwell Wells), 42 Journal of Corporation Law 59 (2016).

Book Review, Journal of Legal Education (2016).  Review of Making the American Fiscal State:  Law, Politics, and the Rise of Progressive Taxation, 1877-1929, by Ajay K. Mehrotra.


Paying High for Low Performance (with George S. Georgiev), 100 Minnesota Law Review Headnotes 14 (2016)


Daniel J. Bussel

Ethics for Examiners, 84 Fordham Law Review 2073 (2016)


A Third Way: Examiners as Inquisitors, 90 American Bankruptcy Law Journal 59 (2016).


Bankruptcy (with David Skeel). 10th ed. Foundation Press (2015). With Teacher's Manual.


Sung Hui Kim
Fiduciary Law’s Anti-Corruption Norm, in Research Handbook on Fiduciary Law (edited by Andrew S. Gold and Gordon Smith, Edward Elgar Publishing Ltd, 2017).

Professional Responsibility:  A Contemporary Approach (with Bruce Green, Peter Joy, Renee Knake, Ellen Murphy, Russell Pearce, Laurel Terry).  3rd ed. West Academic (2017).


Inside Lawyers: Friends or Gatekeepers?, 84 Fordham Law Review 1867 (2016).


Ken Klee

Bankruptcy and the Supreme Court: 1801-2014 (with Whitman L. Holt). West Academic (2015).

Lynn M. LoPucki
Disciplinary Legal Empiricism, 76(2) Maryland Law Review 449 (2017).

Secured Credit: A Systems Approach (with Elizabeth Warren and Robert M. Lawless). 8th ed. Aspen Publishing (2016). Prior edition: 7th, 2012. With Teacher's Manual.

Dawn of the Discipline-based Law Faculty, 65 Journal of Legal Education 506 (2016).


Jason Oh
Will Tax Reform Be Stable?, 165 Univ. of Pennsylvania Law Review 1159 (2017).

Quantifying Legislative Uncertainty:  A Case Study in Tax Policy (with Christopher Tausanovitch), 69 Tax Law Review 485 (2016).

James Park
Auditor Settlements of Securities Class Actions, 14 Journal of Empirical Legal Studies 169 (2017).

Reassessing the Distinction Between Corporate and Securities Law, 64 UCLA Law Review 116 (2017).

Kirk J. Stark

The Role of Expressive Versus Instrumental Preferences in U.S. Attitudes Toward Taxation and Redistribution, in Philosophical Explorations of Justice and Taxation 167 (edited by Helmut P. Gaisbauer, Gottfried Schweiger, and Clemens Sedmak, IUS Gentium, 2015).

Eric M. Zolt
Taxation and Inequality in Canada and the United States: Two Stories or One? (with Richard Bird), 52 Osgood Hall Law Journal 401 (2015).


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