AABANY Goes to Brooklyn for AAIFF Comedy Night, August 13

The 44th Asian American International Film Festival (AAIFF) rolled into town on August 11, billed as “the nation’s first and longest running festival dedicated to celebrating independent Asian, Asian diaspora, and Pacific Islander cinema.” Because we are not yet entirely out of the pandemic, AAIFF is being presented as a hybrid event with some screenings held in person and others made available on demand. One of the in-person programs took place on the third night, August 13, an evening featuring AAPI comics performing stand-up, fittingly called “Comedy Night.”

In a part of Brooklyn that the current generation calls Gowanus, nearly two dozen AABANY members joined a standing room crowd at Littlefield, a performance space that once was a warehouse (probably back in the days when this part of town was still known as Park Slope). The show was produced and hosted by Claire Yoo, an Events Coordinator for AAIFF who also happens to be President of Harvard College Stand Up Comic Society. Before you can say, “What? Harvard Students know how to laugh?” Claire took to the stage and launched into a profanity-laced opening monologue that filled the room with appreciative laughter, getting the entire audience properly riled up for the hilarity to come. (And don’t worry, Claire, we won’t tell your dad — who was in the audience — about your foul mouth.)

The line-up featured an assortment of top comedy talent, including award-winning writers from popular shows such as “The Late Show with Stephen Colbert,” “Patriot Act with Hasan Minaj,” and NPR’s “Wait Wait … Don’t Tell Me.” The diversity of the comedians reflected East Asian, South Asian, and HAPA voices as well as LGBTQ+ perspectives that we rarely hear from in mainstream media. As one of our attendees, Lauren Kim of Fordham Law School, deftly summarized, “It was excellent, tons of fun, and every single comic was hilarious.” Indeed, they were! None of our performers bombed on stage. If anything, the level and quality of the comedy seemed to go higher and higher from one comic to the next. (Apologies to Moss Perricone, the first comic to go. We don’t mean to say you weren’t funny or that the other comics were funnier than you. Oh, wait … maybe we are saying the second part.)

By the way, we should mention that our host, Claire, was an AABANY intern during Fall 2020. During her internship she learned that AABANY is a community partner of AAIFF and asked how she could get involved with Asian CineVision, the non-profit that organizes AAIFF each year. We hooked her up, and just a few months later … she is the producer and host of the largest comedy show she has ever put together. Congrats, Claire! Great job! (And Asian Cinevision, you are welcome!)

Thanks to all the AABANY members and friends, including President Terry Shen and his wife, Stella, who joined us. We hope everyone will support AAIFF and its mission to promote and spotlight AAPI artists, writers, performers, producers, and filmmakers. Read about the AAIFF films we are co-sponsoring this year here.

NAPABA Prospective Partners Program Application Deadline in Two Weeks

Prospective Partners Program

Application Closing September 1

The deadline to apply for the NAPABA Prospective Partners Program (PPP) is two weeks away! PPP aims to increase the number of Asian American and Pacific Islander partners at major law firms through introduction, mentorship, and relationship building. In anticipation of the program’s eleventh year, the PPP is inviting candidate applications and nominations for participation in PPP sessions taking place at the 2021 NAPABA Convention in Washington, D.C., from December 9-12, 2021.

AABANY Real Estate Committee Presents “Cannabis Law and Real Estate” CLE on August 3

On August 3, the AABANY Real Estate Committee presented a “Cannabis Law and Real Estate” CLE, which explored the current state of real estate in New York State, within the context of recent cannabis legalization and a growing cannabis industry. Real Estate Committee Co-Chair Margaret Ling moderated the webinar, welcoming four speakers to introduce and explain current cannabis law and real estate practices, before opening the floor for a Q&A session.

Kristin Jordan spoke first, giving a broad overview of New York State’s adult use cannabis bill, the Marijuana Regulation and Taxation Act (“MRTA”), which was passed on March 31, 2021. Kristin is the Executive Director of Asian Cannabis Roundtable, a NYC-based professional networking community for those engaged in the cannabis industry, and Founder of Mannada. She explained how the bill positioned the state’s new cannabis regulatory body under the State Liquor Authority, because developing an entirely new agency would take too long. The new body comprises three agencies, the Office of Cannabis Management, the Cannabis Control Board, and the Cannabis Advisory Board. She also enumerated the different kinds of cannabis licenses available under the MRTA:

  1. Cultivator,
  2. Processor,
  3. Cooperative (non-profit),
  4. Distributor,
  5. Retail,
  6. Microbusiness,
  7. Delivery,
  8. Nursery, and
  9. On-site consumption.

In terms of New York real estate, Kristin noted that cannabis legalization and its budding industry would exact the most tangible effect on leases for retail stores, warehouses, and distribution facilities, because they provide the brick and mortar for cannabis businesses. Finally, she emphasized that since cannabis legalization is so recent, cannabis law and best practices promise a steep learning curve, with so much uncharted territory.

Steve LaFredo, Chief Banking Officer at Piermont Bank, discussed cannabis and real estate specifically as it relates to banking. He emphasized that “banks are safety, soundness, and risk organizations first”; in other words, banking is a slow industry, and it would take time for banks to adapt to the growing cannabis industry. He underscored the difficulty of navigating often differing state and federal law when dealing with cannabis businesses, though he noted that New York State has been relatively progressive, as the first state to create cannabis banking guidelines under the Department of Taxation and Finance. These guidelines aim to preserve the safety, soundness, and security of businesses involved with cannabis. Steve explained that in states that have legalized cannabis, the banking industry tiers cannabis businesses into 3 categories: Tier A, those with direct contact (e.g. growing, producing, selling); Tier B, those that derive more than 25% of their business from the cannabis space; and Tier C, those that derive 25% or less of their business from the cannabis space. Banks are most likely to be receptive to working with Tier C cannabis businesses.

Since they lie precariously between state and federal regulators, most banks have a zero tolerance policy for cannabis. Disclosure and transparency are critical for finding a financial institution with which cannabis businesses can safely operate; smaller, private banks and credit unions will be most likely to open their doors to cannabis businesses. Unfortunately, cannabis businesses are still largely relegated to cash transactions, and since mechanisms for depositing and delivering cash are scarce and expensive, banks are hesitant to get involved. After the federal decision to stand down in states that have legalized cannabis, however, banks have slowly begun entering the cannabis space. Steve expressed optimism about the future of cannabis banking.

Kathleen Deegan Dickson and Danielle Tricolla of Forchelli Deegan Terrana spoke last, focusing on the role of the law firm in the cannabis space. Kathleen is a Partner and Co-Chair of the Cannabis Group at Forchelli Deegan Terrana, and Danielle is an Associate and Co-Chair of the Cannabis Group at Forchelli Deegan Terrana. They underscored the importance of “knowing what you don’t know,” since cannabis legalization not only means new legislation but also changes to existing legislation. Specifically, cannabis legalization involves changes to Public Health Law, Penal Law, Criminal Procedure Law, Civil Practice Law and Rules, Labor Law, Vehicle and Traffic Law, and General Business Law. Like Steve, they touched on the interplay between state legalization and federal prohibition of cannabis. Devoting special attention to law firm clients interested in cannabis, they explained that “cannabis law” is a multidisciplinary practice area, since it affects real estate transactions, leasing, land use, zoning, banking, labor, and employment, among other areas.

The intersection of cannabis law and real estate presents a new and exciting business area, and AABANY thanks the Real Estate Committee Co-Chairs Margaret Ling, Wendy Yu, and Jane Chen for putting together such an informative and current event. To learn more about the Real Estate Committee, visit https://www.aabany.org/page/120.

2021 NAPABA Convention Schedule Released!

NAPABA will be featuring 25 CLE sessions, plus the International Law SymposiumSolo & Small Firm Bootcamp, and Women’s Leadership Workshop at the 2021 NAPABA Convention! Below is a sample of the sessions we have on the schedule:

1:00 – 2:15 pm | Going Global—Insights on How to Succeed in an International Legal Career 
Part of the International Law Symposium

2:30 – 3:45 pm | Automating Law Practice: Sales, Marketing, Social Media, and Customer Service
Part of the Solo and Small Firm Bootcamp

2:45 – 3:45 pm | Growth, Leadership, and Intentional Visibility in a Hybrid Environment Panel Discussion
Part of the Women’s Leadership Workshop

9:00 – 10:15 am | Portrait Project 2.0 AAPIs in the Legal Profession—Judicial Clerkships

10:30 – 11:45 am | Coming to America: How Current Immigration Policies and Reforms Will Impact AAPIs

1:30 – 2:45 pm | The Hidden Epidemic of Elder Abuse in AAPI Communities

9:15 – 10:30 am | Emerging COVID-19 Employment Challenges: The Civil Rights Issues We Should Have Seen Coming

10:45 am – 12:00 pm
 | Reaching Beyond the Brass Ring—Understanding Your Career Options Other Than GC

Want to see what else we have in store? Click here for our full Convention schedule!

Apply for a Scholarship

Is the cost of attending the 2021 NAPABA Convention adding up? Apply for a Convention scholarship! The scholarship may be used towards Convention registration (Gala Admission Only not covered), reasonable travel and lodging, and ground transportation from the airport to Convention hotel. The deadline to apply for this scholarship is Wednesday, September 1, 2021, at 5 pm ET. You must be a NAPABA member to apply.

Register for the Convention

Have you registered for the 2021 NAPABA Convention yet? We would love to see you in Washington, D.C. in December! Register now to take advantage of our early bird rates! Early bird rates are available until Monday, September 20, 2021, at 11:59 pm ET.

Your Safety at the 2021 NAPABA Convention

NAPABA remains committed to the safety and well-being of its members and invited guests at its annual Convention. As such and given the continued existence of COVID-19, NAPABA will observe a COVID-19 safety protocol at this year’s Convention. To learn more about our COVID-19 Safety Protocol for the 2021 NAPABA Convention, click here.


The 2021 NAPABA Convention is generously supported by our Title sponsor: