The ABA Commission on Ethics 20/20 seeks input on possible amendments to the alternative business structures rule (best known as Model Rule 5.4), and the practice of lawyers across borders (thus requiring a possible amendment to Model Rule 5.5).
Interestingly enough, Model Rule 5.4 is one that has been discussed often as having a strange result in the business context. It will be interesting to see what sort of comments are sent into the ABA. However, I have strong concerns for increasing conflict of interest under this rule.
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