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Simple English definitions for legal terms

SPV

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A quick definition of SPV:

Term: SPV

Definition: SPV stands for special-purpose vehicle, which is also known as a special-purpose entity. It is a type of company that is created for a specific purpose, such as to hold assets or manage a project. Think of it like a tool that is used for a specific job. Once the job is done, the tool may no longer be needed. Similarly, once the purpose of the SPV is fulfilled, it may be dissolved or sold off.

A more thorough explanation:

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General

General chat about the legal profession.

General >T14 Off Topic

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Unrepentant-Caucasian

12:06

Oh yeah, my bad

snow

12:07

you're good, i was just making sure. yeah, i would take it to trial

snow

12:07

you just need one juror

snow

12:07

but i think that if i were the state, i would not be scared to bust the jury if i had to

Unrepentant-Caucasian

12:08

I mean, you only need one juror to get a hung jury and a retrial, you need all 12 to get found innocent

BulbasaurNoLikeCardio

12:08

I do not see him doing a long time, if he is not punished hard then more (less attractive) crazy people will come out and start murdering for social justice and expect the same

BulbasaurNoLikeCardio

12:08

*him not doing a long time

snow

12:08

need to see what all he is charged with tbh

snow

12:09

and the possibility for parole in new york

snow

12:09

in texas murder is a 3g offense and he would have to do have that time before parole eligibility. idk how new york works

snow

12:11

half

BulbasaurNoLikeCardio

12:11

Too public of a case, they have to go hard on the dude and in a couple years when people forget I am sure he can apply and get a lesser sentence or possibility of parole added. Dude needs to blame all the self medication he did

snow

12:13

that works in his favor that the case is public, at least this case. thats why i think the state shouldnt be scared to bust the jury if they really want to get him

Unrepentant-Caucasian

12:14

@snow: I don't know what you mean by "bust the jury"

Unrepentant-Caucasian

12:14

Can you elaborate?

BulbasaurNoLikeCardio

12:15

I also do not forsee him being the kind of person being able to function and be good in prison. Going to be a wake up call

BulbasaurNoLikeCardio

12:16

He thinks his back is broke now... wait until Bubbah shows him what a broke back really is

snow

12:16

yep, in jury selection you get a panel of jurors come in and from there you eliminate the ones that you dont want, until you get twelve. "busting the jury panel" means that there wouldnt be enough jurors to form a jury for the case so they would have to get another panel

windyMagician

12:17

uw sending cycle update emails when they've had me in complete for 2 months is crazy work

snow

12:17

so if i were the state, i wouldnt be scared to go through multiple panels to get a good jury. the judge would probs be mad but oh well

windyMagician

12:18

he'll be fine in prison. he also probably has a fed case being built against him.

BulbasaurNoLikeCardio

12:18

I imagine getting a non-biased jury will be very hard

snow

12:18

thats why the state shouldnt be scared to go through multiple panels. the judge would probs get mad but its your case to prove

Unrepentant-Caucasian

12:18

That makes sense. It's a plus for the state as well, since it's not like they're going to let him make bail. Any time up to the trial he'll just spend in jail

windyMagician

12:19

they got unbiased panels for Nikolas Cruz and Daniel Penny, it'll be fine

snow

12:19

yeah, but I think those were capital cases

snow

12:19

jury selection is different for capital cases

windyMagician

12:19

Daniel penny was not a capital case

BulbasaurNoLikeCardio

12:19

@windyMagician: I would say depends the prison, I have met a lot of golden spoon children who could not handle the strictness of the military and lack of freedom. So many attempted suicides. I am sure prison is much worse

snow

12:20

ohh the subway guy, my b

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