Business Law News. Crime Stories, Law on News and Legal Publications in August, 2011

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Independence interruptus
TransConflictAugust 2, 2011

The behavior of all sides in the current customs dispute demonstrates that — as far as the locals are concerned — the question of who has sovereignty is an indelibly zero-sum dispute; one that the respective local elites must be left to settle on ...more »

Quick Loans for Bad Credit – Overcome Your Bad Credit History
Prfire (press release)August 2, 2011

quick loans for bad credit, as the name signifies, that these loans are available to borrowers irrespective of them possessing a less than perfect credit history. So if you have been denied a ...more »

Business Law News and Stories

Advertising
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Google, Alabama Immigration, JP Morgan, FDIC, Swiss Accounts: Compliance
BloombergAugust 25, 2011

Alabama's new immigration law requiring that police officers check immigrants' legal status might lead to lawsuits for unlawful detention, a judge said in a hearing on challenges to the statute. “There are a lot of problems with this statute,” US ...more »

False Advertising
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Dorsey & Whitney hires financial veteran as new CFO
Bizjournals.com (blog)August 18, 2011

"The business of law is evolving rapidly and we are fortunate to have an executive of Tom's stature and breadth of experience to lead our finance group during this time," Dorsey Managing Partner Marianne Short said in a news release.more »

Antitrust Law, Domestic
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Calif. seeks help for hotel maids
UPI.comAugust 16, 2011

State Senate Bill 432 would require innkeepers to provide hotel maids with long-handled cleaning tools so they will not have to stoop or squat to clean bathroom surfaces including floors and tubs, Business Law Daily reported Monday. ...more »

Federal Contracts
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Alabama's Immigration Law: Radical or Within Reason?
PBS NewsHourAugust 25, 2011

But it has a number of provisions that have not been tested in other courts, including the provisions you cited that make it illegal to contract with people, rent to people, that require schoolchildren to verify their immigration status, ...more »

Federal Grants
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Neb. Medicaid refunds $169000 to feds after audit
BusinessWeekAugust 24, 2011

Nebraska Medicaid has refunded nearly $169000 to the federal government after an audit found improper billing for housecleaning, hospital care and personal services, a state spokeswoman said Monday. The state agency claimed an ...more »

Banking Law
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Bunye: The General Banking Law Annotated
Sun.StarAugust 14, 2011

This was how Chief Justice Renato C. Corona described the Bangko Sentral ng Pilipinas' latest literary endeavor, "The General Banking Law Annotated," during the book's launching on August 5, 2011. This book, researched and written ...more »

Foreign Investments
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NPC Standing Committee upholds sovereign immunity
China DailyAugust 26, 2011

FG Hemisphere was not the original creditor, but it purchased the debt from a Yugoslav company which had contracted to build infrastructure projects in DR Congo in the 1980s. The republic defaulted on payment. The US firm chose Hong Kong as the venue ...more »

Business Formation
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New Canadian compensation rules make work for issuers in coming proxy season
Reuters Blogs (blog)August 17, 2011

16 (Business Law Currents) With the recent announcement by the Canadian Securities Administrators (CSA) that changes in executive disclosure requirements will apply for financial years ending on or after October 31, Canadian issuers may want to do some ...more »

Franchising
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Ian Kinsler rallies red-hot Rangers past Angels
ESPNAugust 18, 2011

Hunter extended his hitting streak to 15 games with a sixth-inning single. ... Hamilton was back in the lineup after leaving Tuesday's victory with back spasms. ... Texas has been 20 games over .500 in just four seasons in franchise history. ...more »

Commercial
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Shepstone & Wylie | commercial law, getting physical about property, reported ...
Linex Legal (press release) (registration)August 16, 2011

And what type of property; a second holiday home or a stake in a larger commercial venture like an office block or retail centre. And what's the best way to finance the investment. International property groups are targeting the South African property ...more »

Gaming Law
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States Consider Internet Gambling; 2006 Law Is Murky on Legality
ABA JournalAugust 15, 2011

Minority Whip Jon Kyl of Arizona have written a letter (PDF) asking the department to reiterate its position against online intrastate gambling. Lawyer Mark Hichar of Edwards, Angell, Palmer & Dodge says a 2006 Internet gaming law seems to carve out an ...more »

Commercial Bankruptcy
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Ritz Interactive Clicks Into Chapter 11
Wall Street Journal (blog)August 22, 2011

The Irvine, Calif., company reported assets of about $809000 and debts of $7.2 million in its bankruptcy petition, filed Friday with the US Bankruptcy Court in Santa Ana, Calif. Court papers show Ritz Interactive's executive committee of its board of ...more »

Government Construction Contracts
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Granite Construction to pay $1.1M of $4.6M settlement with government over ...
San Jose Mercury NewsAugust 26, 2011

WATSONVILLE -- Granite Construction will pay $1.1 million of a $4.6 million settlement involving government allegations that a joint venture led by Granite had submitted false claims relating to the ...more »

Commercial Leasing
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Governor Rick Scott Appoints Greenberg Traurig Attorney Phillip H. Hutchinson ...
Business Wire (press release)August 25, 2011

Hutchinson has litigated matters involving complex product liability disputes, contract disputes, insurance coverage defense, eminent domain actions, employment discrimination, construction defects, non-competition agreements, the Fair Labor Standards ...more »

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Penson ...
MarketWatch (press release)August 25, 2011

If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, ...more »

Communications & Media
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FCC Pressured to Loosen Restrictions on Cable-Telco Mergers
Vision 2 MobileAugust 22, 2011

The federal law limits a cable company's ownership interest in a LEC within the cable company's franchise area to 10 percent, and the same restriction applies to a LEC's acquisition of a cable operator within the LEC's telephone service area. ...more »

Internal Investigative Services
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First look at UNC internal investigations
abc11.comAugust 5, 2011

The investigation of the football program soon expanded into possible academic misconduct involving multiple players and a tutor. In all, 14 players missed at least one game because of the probe with seven being ruled out for the entire year. ...more »

Construction & Development
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Enforcing Judgments on Construction Lien Claims in New Jersey
JD Supra (press release)August 17, 2011

Most contractors have at least a broad understanding of the procedures required to file a lien claim under New Jersey's Construction Lien Law (NJSA 2A:44A-1 et seq., the “CLL”), although it should be borne in mind that some significant changes have ...more »

International Transactions
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Energy Law Firm of Burleson LLP Opens Denver Office to Serve Companies in ...
PR Newswire (press release)August 17, 2011

He has managed leasing plays in McKenzie and Williams Counties, North Dakota. Christopher Scolari, who focuses his practice in oil and gas law. He has worked as an independent landman for several years, determining private/state title for land covering ...more »

Contracts Involving State & Minicipality
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New muni health law driving negotiations in some cities and towns
Boston HeraldAugust 23, 2011

Six weeks after the passage of a law empowering municipal officials to shift health insurance costs off their buckling local budgets and onto workers, city and town officials are hailing the bill as a success, ...more »

Locating Funds
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Over the Cliff
New York Times (blog)August 25, 2011

The Bellotti decision declared unconstitutional a Massachusetts law that prohibited corporations from spending money to influence the outcome of a public referendum that did not directly concern the corporation's own business. ...more »

Corporate Finance & Taxation
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Analysis: Critics say new law makes them tax agents
ReutersAugust 19, 2011

Signed into law by US President Barack Obama in March 2010, FATCA goes into effect on January 1, 2014, for most types of transactions and a year later for other payments. The phase-in, announced in April, already represents a backtracking by the US ...more »

Mortgages & Foreclosures
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Governor Quinn Signs Laws to Protect Consumers
Aledo Times RecordAugust 29, 2011

Prior to this legislation, the security deposits of tenants in foreclosures that became bank-owned were not protected under Illinois law. The new law requires all new owners of rental properties – including banks following a foreclosure – to assume ...more »

Creditor's Rights
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A Nigerian approach to Islamic Banking
BusinessDayAugust 25, 2011

Islamic finance limits a creditor's right to the principal amount only. Any amount charged in addition to or over and above the principal would be riba. This of course eliminates the dangers of cumulative interest in loan transactions making it easier ...more »

Non-Profit Corporations
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Mass. high court to recognize free legal help
Houston ChronicleAugust 21, 2011

The Pro Bono Recognition Program will honor law firms, solo practitioners, government attorneys, non-profit organizations and law school faculties who provide significant pro bono services. To qualify, the lawyer, firm or organization must certify that ...more »

Customs Disputes
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Saturday, August 28
msnbc.comAugust 21, 2011

1574 - Treaty of Bristol settles commercial disputes between English and Spanish merchants. 1910 - Montenegro is proclaimed independent kingdom under Nicholas I. 1916 - Italy's declaration of war against Germany takes effect during World War I. 1922 ...more »

Public Offerings
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Stephen Davenport, 87; WWII pilot became lawyer, lawmaker
Boston GlobeAugust 22, 2011

After his failed mayoral bid, Mr. Davenport served as the first director of legislative data processing at the State House for eight years and later became a certified public accountant and tax attorney with Boston firm Darmody, Merlino and Co. ...more »

Debt Collection
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Wells Fargo to test $3 debit-card fee
Bizjournals.com (blog)August 17, 2011

Accounts in Charlotte won't be affected. The move signals another attempt by large banks to recoup the revenue lost because of new banking laws. The changes forced Bank of America to take $20.3 billion write-down to its card business. ...more »

Reorganizations & Restructuring
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Brazil Oi Group Boards Approve Reorganization Plan
Wall Street JournalAugust 29, 2011

BR, BTM, BTMC), approved the restructuring, the group said in a statement. The plans must now be approved by shareholders of the companies as well as the US Securities and Exchange Commission, according to the statement. Back in May, the Oi group said ...more »

Debt Settlement
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Scots bankruptcy law under review
BBC NewsAugust 15, 2011

Proposals to "tidy up" Scottish bankruptcy laws have been put forward by the Scottish Law Commission. The independent body has published a consultation paper on consolidating existing bankruptcy legislation. It said the Bankruptcy (Scotland) Act 1985 ...more »

Trade Associations
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SA adopts 'economic diplomacy' as FDI tumbles
Business DayAugust 18, 2011

"SA realises competition for meaningful FDI is going to get more intense rather than easier as FDI no longer simply gravitates to SA," says Trade Law Centre economist for southern Africa Eckart Naumann . Multinational companies are increasingly ...more »

Directors' & Officers' Liability
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Reverse mergers affect D&O prices
Business InsuranceAugust 21, 2011

Lawsuits against these reverse merger firms account for a growing portion of securities litigation. Of 94 federal securities fraud class actions filed during this year's first half, 24 lawsuits were against Chinese reverse merger companies, ...more »

Venture Capital
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Clearedge Power Fueling Growth With Venture Capital Funding
Portfolio.com (blog)August 23, 2011

Fuel cell maker ClearEdge Power has hauled in $73.5 million in funding from Artis Capital Management, Austria-based Gussing Renewable Energy; Southern California Gas Company, a subsidiary of Sempra Energy; and existing investor Kohlberg Ventures; ...more »

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