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

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Labor caught between Malaysia and a hard place
ABC OnlineAugust 1, 2011

Just like the asylum seekers. As this week's Essential Report shows, political support for the plan to trade asylum seekers for certified refugees at a rate of five to one has collapsed over the past six weeks. Q. The Government has recently made an ...more »

KKR Financial CEO Discusses Q2 2011 Results - Earnings Call Transcript
Seeking AlphaAugust 2, 2011

As previously announced, in early July, we upsized CLO 2011-1 from a $400 million secured financing transaction with $600 million secured financing transaction. CLO 2011-1 initially closed on March 31st and represented a private CLO transaction, ...more »

Business Law News and Stories

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The Kids Are Not All Right
New York TimesAugust 22, 2011

But over the last 30 years there has been a dramatic reversal: corporate interests now prevail. Deregulation, privatization, weak enforcement of existing regulations and legal and political resistance to new regulations have eroded our ability, ...more »

False Advertising
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Murphy Desmond: Mendoza joins Murphy Desmond SC
Wisbusiness.comAugust 17, 2011

Madison, WI - Attorney Mario Mendoza has joined the law firm of Murphy Desmond SC, practicing in the areas of Business Law, Municipal Law and Administrative / Regulatory Law & Government Relations. Mendoza has extensive experience in contracts and ...more »

Antitrust Law, Domestic
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Get busy during Ramadan
gulfnews.comAugust 13, 2011

"For employers in particular, religious observances such as Ramadan raise two competing interests: business continuity and performance on the one hand and cultural sensitivities on the other," Mandeep Kalsi, of the UAE business law firm Hadef and ...more »

Federal Contracts
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Facebook: Paul Ceglia sent original contract to law firm in 2004
ZDNet (blog)August 18, 2011

Ceglia, as has been well-documented, has a history of forgery. Since he first filed suit, Ceglia has been dropped by at least four law firms. He is now reportedly living in Galway, Ireland, but the lawsuit is continuing. Ceglia, who called ZDNet from ...more »

Federal Grants
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U of U research funding down about 9%
StandardNetAugust 17, 2011

During FY2011, direct funding from federal agencies was down 13.5 percent to $278.8 million - and accounted for 70 percent of the university's research grants and other sponsored projects. The University of Utah also received another $57 million in ...more »

Banking Law
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Banking sector focuses on rising fraud
Mmegi OnlineAugust 23, 2011

From yesterday and until Saturday, banking sector officials will use different media to highlight various issues of fraud. Banking Week will wrap up with a parade on Saturday featuring staff of financial institutions and including a public address, ...more »

Foreign Investments
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Malaysia Looks West for Investments
New York TimesAugust 17, 2011

The Malaysian prime minister, Najib Razak, center, met in July with Britain's foreign secretary, William Hague, right, and other British officials, seeking more foreign investment in his country. By MATTHEW SALTMARSH LONDON — With Europe's economy ...more »

Business Formation
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Attorney Courtney G. Tito Joins the West Palm Beach Office of McDonald Hopkins ...
MarketWatch (press release)August 26, 2011

McDonald Hopkins is a business advisory and advocacy law firm focused on business law, litigation, business restructuring and bankruptcy, intellectual property, healthcare, and estate planning. The firm has offices in Chicago, Cleveland, Columbus, ...more »

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Mets' top pick Nimmo starting pro career 'Wright' way
New York PostAugust 17, 2011

1 draft pick is quite familiar with the face of the franchise. "One guy that has kind of reached out to me and spoke to me is David Wright," Nimmo said yesterday during a conference call to officially announce the 18-year-old outfielder's signing. ...more »

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Court role for former Cardiff barrister
WalesOnlineAugust 18, 2011

He was a member and former chairman of the Wales Commercial Law Association and a member of the Chancery Bar Association. He was also an assistant parliamentary boundary commissioner for Wales. Gregg Taylor, head of 9 Park Place Chambers, ...more »

Gaming Law
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Lawmakers in New Bedford support tribal gaming provisions
The Patriot LedgerAugust 24, 2011

The gambling legislation released this week by the Joint Committee on Economic Development and Emerging Technologies would sanction up to three regional resort-style casinos and it would give Native American tribes in southeastern Massachusetts until ...more »

Commercial Bankruptcy
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Regenerating Heart Muscle
UC Los AngelesAugust 10, 2011

... Daily News reported Tuesday that the UCLA School of Law has received a $10 million gift from education reform advocate and philanthropist Lowell Milken, which will be used to establish the Lowell Milken Institute for Business Law and Policy. ...more »

Lauren Giddings Murder Suspect's Online Life Revealed
Gather.comAugust 26, 2011

Stephen McDaniel, the classmate accused of murdering the 27-year old Mercer University law student, is under speculation for his choice of online interests. The neighbor and classmate of Lauren Giddings took interest in horror movies. Big deal, right? ...more »

Commercial Leasing
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Lawyer's estate lists 3BD in Greater Uptown
Ultimate MemorialAugust 18, 2011

Mr. Wise was a commercial real estate lawyer. He was a was a partner in the real estate and real estate finance sections of Porter & Hedges, LLP and a partner to the law firms Chamberlain Hrdlicka and Baker, Brown, Sharman, Wise & Parker. ...more »

Internal Investigative Services
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Big reveal: Judge demands cop's tale in wheelchair case
The HookAugust 31, 2011

A statement made by Albemarle County Officer Gregory C. Davis during an internal investigation must be released, a judge ordered. A still from the dashcam video of the November 5, 2007 crosswalk accident. ...more »

Communications & Media
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Phone regulations continue to go the way of the Dodo
Florida Times-Union (blog)August 22, 2011

As a new law strips away state regulation of the industry, the Florida Public Service Commission is headed toward reducing fees paid by telecommunications companies. The reduction, at least in the scheme of the massive industry, is relatively small: ...more »

International Transactions
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Simon Schmidt Joins Chadbourne & Parke in Dubai
PR Newswire (press release)August 17, 2011

17, 2011 /PRNewswire/ -- The international law firm Chadbourne & Parke LLP today announced that Simon Schmidt has joined the firm as international partner in the Dubai office. In his many years working in the Middle East, Mr. Schmidt has advised both ...more »

Construction & Development
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“Bar instrumental to Nigeria's constitutional development” ... AGF
BusinessDayAugust 25, 2011

The Honourable Attorney General of the Federation and Minister of justice, Mohammed Bello Adoke has commended the Nigerian bar for its pivotal role in the country's constitutional development. The Chief Law Officer of the Federation who made this ...more »

Locating Funds
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Recall black money order, Supreme Court urged
iNewsOneAugust 24, 2011

Vahanvati wondered if the 'SIT without the authority of law, where would it get its funds'. The court was told that there were very serious issues about the scope of the reference of the SIT asking it to do everything and SIT can't possibly do. ...more »

Contracts Involving State & Minicipality
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DeLuca Plans Legislation to Break Stalled UPMC, Highmark Talks
Patch.comAugust 25, 2011

During testimony, the committee heard that a Pennsylvania law, Act 94, allows the state Insurance Department to take steps to extend the contract by an additional six months. State Rep. Dan Frankel, D-Allegheny, questioned if legislation to improve Act ...more »

Mortgages & Foreclosures
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Forclosures Up, Bucking Trend
GPBAugust 19, 2011

State laws also make it easier for banks to foreclose on borrowers. "The foreclosure trend right now is really fractured depending on what area you're living in and how the foreclosure laws work in that area or that state," Blomquist says. ...more »

Corporate Finance & Taxation
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Illegal casino network revealed in Baku
Azerbaijan Business CenterAugust 5, 2011

The Ministry of Taxes of Azerbaijan continues suppressing activities of illegal casinos and places of sweepstake and gaming. The Ministry reports that on 2 August officials of the Preliminary Tax Crime Investigation Department and Tax Audit Department ...more »

Non-Profit Corporations
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Somerville sidesteps state to handle Council on Aging finance case
Wicked LocalAugust 25, 2011

City officials told state investigators that Hickey had circumvented financial controls through a nonprofit organization instead of the city to “serve the senior citizens of Somerville” in what she thought was a “more efficient manner. ...more »

Creditor's Rights
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Small creditors challenge BPOMAS' claim to Bokamoso assets
The Bostwana GazetteAugust 24, 2011

“It is the contention of those that I represent that BPOMAS is not a creditor at all and therefore has no voting rights as envisaged by Section 51, 52 and 53 of the Act at any meeting of creditors,” says the consulting firm that represents the ...more »

Professional Corporations
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Opinion by Will Moredock
Columbia City PaperAugust 28, 2011

ALEC is a corporate-funded juggernaut which works with Republican state legislators throughout the country in pushing a hard right-wing agenda, including anti-union legislation, privatization of schools and prisons, and rolling back environmental ...more »

Customs Disputes
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Disputes won't impede PBG economic co-op
China DailyAugust 18, 2011

In the first half of this year, trade between the two parties reached $171.12 billion, up 25 percent year-on-year, according to China Customs data. Participants at the Forum will exchange views at three concurrent seminars: Pan-Beibu Gulf Think Tank ...more »

Public Offerings
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Year-old state office challenges death sentences
Houston ChronicleAugust 21, 2011

... school in Los Angeles and joining the California attorney general's office as a prosecutor. He spent 11 years there. "At some point I realized I wasn't on the right side," he said. "I'm very thankful the federal public defender office took me in. ...more »

Debt Collection
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Debt collection process starts on ailing Saab
The Detroit NewsAugust 18, 2011

Sweden's Debt Enforcement Agency started collection proceedings against Saab Automobile after the cash-starved carmaker failed to meet a deadline Tuesday to pay two suppliers, an official at the regulator said. "We've just begun by looking at what kind ...more »

Reorganizations & Restructuring
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Mid Central Community Action hires retired county administrator
Bloomington PantagraphAugust 22, 2011

BLOOMINGTON — A broad-based human services agency that is wrapping up a restructuring process has turned to an experienced administrator to lead the agency as it continues its search for an executive director. Terry Lindberg, 65, who retired May 31 as ...more »

Debt Settlement
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The Daily Docket: Judge Signals Approval of $4 Billion Capmark Bankruptcy Plan
Wall Street Journal (blog)August 22, 2011

A federal judge in Texas upheld fees paid to law firm Baker Botts LLP of $113 million, plus $6 million for expenses, for its handling of the 2009 Asarco LLC bankruptcy, reports WSJ. A federal judge signaled Friday that he likely would allow a lawsuit ...more »

State & Minicipal Bonds
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Brands taking the law into their own hands
Marketing WeekAugust 17, 2011

Law firms taking advantage of this provision can now become more marketing-focused organisations, run like any other business. Law firms can go into business areas outside of law, meaning that they can diversify to compete with companies in other ...more »

Directors' & Officers' Liability
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Funding for disability insurance to impact insurers, says lawyer
Legal Business OnlineAugust 23, 2011

Funding is likely to be the biggest challenge for the proposed disability insurance scheme, according to lawyers who work in the area. “The [proposed] scheme will be federated. It might mean local government ...more »

Unfair Competition
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Israel says 'no' to racially divided schools
Ha'aretzAugust 30, 2011

"The risk of exposing the state, state-religious and Arab schools systems to unfair competition that is funded by the state endangers the future of Israeli society," he said. "This funding comes on top of very high payments by parents, which creates a ...more »


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