April 2012 Issue

Fay Arfa

President's Message

by Fay Arfa
Fay Arfa, A Law Corporation

I am proud to assume the office of President of the Century City Bar Association and I look forward to the serving the Century City legal community during the coming year. I wish to thank our Immediate Past President Jane Shay Wald for her year of dedicated service to the CCBA and the foundation she has built for continued growth.

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Reflections on My Presidential Term

by Jane Shay Wald
Irell & Manella, LLP

It's been a real honor
And also a blast

Now that I'm newly the
President, Past

Of CCBA, it's the Bar of our realm
Please welcome Fay Arfa, who'll take up the helm

She's a criminal lawyer whose spirit and drive
Will bring great events to our Bar  (more than five)

I'd like to reflect on the term that I chaired
And the work that the Board and the Officers shared

At the CCBA, it's a family feeling
Affirming and caring without a glass ceiling

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The Jumpstart Our Business Startups (JOBS) Act

by Louis Dienes

On April 5, 2012, President Obama signed the Jumpstart Our Business Startups Act (“JOBS Act”) into law.  The JOBS Act’s purpose is to drive the creation of jobs in America by removing access barriers for U.S. and non-U.S. Companies to capital from both public and private sources.  The JOBS Act makes significant changes to the securities laws and focuses on streamlining the initial public offering (“IPO”) process by reducing some of the costs and burdens of going public.  While important provisions of the JOBS Act will go into effect immediately, other provisions will require further rulemaking by the U.S. Securities and Exchange Commission (“SEC”). 

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by Edward T. Swanson

In April of this year, President Obama signed the JOBS Act – a nifty acronym for the Jumpstart Our Business Startups Act. One provision of the JOBS Act that will receive substantial attention over the coming months, and has the potential to radically impact the funding of startup businesses, is Title III, the "Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012", or CROWDFUND Act. (I think some people must sit around all day, every day, figuring out legislative titles that yield a catchy acronym.)

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by Edward T. Swanson


Late in the evening of April 14, 1912, the Titanic struck an iceberg on its maiden voyage.   In slightly more than two hours, the “unsinkable” ship was at the bottom of the ocean.  As most of us know, barely more than 700 of the 2,224 persons on the Titanic survived the sinking.  This horrific tragedy continues to fascinate us, and its centennial anniversary is the cause for numerous books, memorabilia, and even the re-issuance of the namesake movie by James Cameron in 3-D.

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Photo Feature: 44th Annual Installation Banquet and Awards Ceremony

Over three hundred attorneys and other professionals from the Century City filled the Los Angeles ballroom of the Century Plaza Hotel on March 21 to partake in the Century City Bar Association's 44th Annual Installation Banquet and Awards Ceremony, where our new Board of Governor's and Officers of the Board were sworn in, and five attorneys were recognized for their commitment to excellence and leadership.

Pictured (from left to right): Immediate Past President Jane Shay Wald, and President Fay Arfa

Pictured (from left to right): Donald Etra of Law Offices of Donald Etra - Criminal Law Lawyer of the Year; David Siegel of Irell & Manella, LLP - Securities Litigation Lawyer of the Year; Gary E. Klausner of Stutman Treister & Glatt, P.C. - Bankruptcy Lawyer of the Year; Dominique R. Shelton of Edwards Wildman Palmer, LLP - Intellectual Property Lawyer of the Year; Ian C. Ballon of Greenberg Traurig, LLP -New Media Lawyer of the Year

CCBA Officers being sworn in. Pictured (from left to right): Anthony V. Salerno of Anthony V. Salerno & Associates - Treasurer; Steven L. Hoch of Morris, Polich & Purdy, LLP - Secretary; Loren Beck of Floyd, Skeren & Kelly, LLP - Vice President; Francie R. Gorowitz of Rosenfeld, Meyer & Sussman, LLP - President-Elect; Fay Arfa of Law Offices of Fay Arfa - President

(Photos: Jonah Light Photography)

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Mark Your Calendars

  • April 30 – May 25: Food from the Bar 2012
    Join the Century City Bar Association and the legal community across Los Angeles County in Food from the Bar 2011 to help feed hungry neighbors. Click here to read more.

  • July 24, 2012: Prof. David Nimmer on Copyright

  • August 16, 2012: Fourth Annual Constitutional Law Luncheon with Dean Erwin Chemerinsky
    Don’t miss Dean Erwin Chemerinsky deliver what promises to be an enjoyable and enlightening discussion of the US Supreme Court 2011-12 Term.

There has never been a better time than now to be part of the CCBA! Our growing list of benefits and perks offers our members one of the finest amenities packages around. From special incentives with other organizations such as the LACBA, to discounts at your favorite Century City eateries, the CCBA is better than ever before!

To become a member, visit our membership page.