Business Law News. Crime Stories, Law on News and Legal Publications in January, 2012

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N. Korea revises laws on foreign investment
BusinessGhanaJanuary 31, 2012

North Korea has revised and supplemented its laws on foreign investment, the country's state media said Monday, in an apparent bid to draw more overseas resources into its weakened economy. The laws relate to the labor conditions, financial management ...more »

Half of Maryland residents back legalizing same-sex marriage
Washington PostJanuary 30, 2012

Overall, the Post poll found that 50 percent of Marylanders support allowing gay and lesbian couples to marry while 44 percent are opposed. That is the highest recorded level of support in Maryland in a Post poll, about the same for the rest of the ...more »

Business Law News and Stories

Advertising
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Sinkholes become Florida's latest insurance disaster
Tampabay.comJanuary 1, 2012

Citizens has contributed to its losses by opting in some cases to handle the sinkhole repairs itself. Homeowners complain that contractors hired by Citizens do shoddy work, leading to lawsuits and settlements that can run into six figures. ...more »

Foreign Investments
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Porsche Sued By Investment Fund Over Botched VW Takeover
Motor AuthorityJanuary 2, 2012

Unfortunately for Porsche, German state laws and its own mounting debts (which it used to finance the original purchase of the VW shares) ultimately forced it to turn to VW itself for help, leading to the VW Group's own purchase of Porsche stock. ...more »

Antitrust Law, Domestic
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2012: Get Ready To Compete
BernamaJanuary 1, 2012

Today there are more than 100 competition laws in the world, with the first legislation piece can be traced back to the famous Sherman Anti-Trust Act passed in 1890 by the US Congress. Many will recall the famous United States vs. ...more »

Franchising
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12 Movies to see in 2012
fox4kc.comJanuary 1, 2012

Director Christopher Nolan swears this franchise will end as a trilogy. We'll see… Director Quentin Tarantino's latest stars Academy Award winner Jamie Foxx and Leonardo DiCaprio. With the help of his mentor, a slave-turned-bounty hunter sets out to ...more »

Gaming Law
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Law & Order Legacies is more like interactive TV than adventure gaming
AppoliciousJanuary 3, 2012

It's more like reading a Choose Your Own Adventure book than adventure gaming. Law & Order Legacies succeeds in recreating the tone of the show, but fails to make the full leap from semi-passive watching to immersive gaming participation.more »

Banking Law
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Goldman Advisor Defends Sukuk Bond Program, Saying It Complies With Islamic Law
Huffington PostJanuary 2, 2012

Some analysts however have suggested Goldman might use the proceeds of the issue to lend money to clients for interest, which would be against Islamic law, and that the issue might not trade at par value on the Irish exchange, which would also ...more »

Government Construction Contracts
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TEXT-S&P's new & revised criteria published during December 2011
ReutersJanuary 5, 2012

Contract counterparty risk is one of the key factors considered when analyzing and assigning ratings to project finance securities. The reliance on third parties to make payments or perform under a wide range of agreements is a common feature in ...more »

Business Formation
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For Portland's dope king, love and mistrust
The Associated PressJanuary 1, 2012

He has filed for bankruptcy at least twice. For at least three years, he paid off his personal bills with money from the foundation, and when the feds found out, he simply gave up the foundation's nonprofit status. When cornered, time and again, ...more »

Institutional Investing
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Renewable energy better investment
Press HeraldJanuary 4, 2012

- Would Americans rather pay taxes to project 5th Fleet firepower in the Middle East, or invest those hard-earned dollars domestically to foment a transition from finite energy to renewable energy? Would we be spending so much blood and treasure in the ...more »

Commercial
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Stopping airline offer against the law: Expert
Peninsula On-lineJanuary 2, 2012

Qatar is also a member of the World Trade Organization (WTO) and is committed to protecting businesses and investments and encouraging competition. And there is a law (Number 19 of 2006) that seeks to prevent trade monopolies, encourage competition and ...more »

Montana Tests Supreme Court Political-Spending Ruling
Wall Street JournalJanuary 3, 2012

The court found corporate interests in political advocacy were addressed by state law allowing creation of political committees, which collect voluntary contributions from shareholders. Mr. Bullock, a Democrat who is running for governor, ...more »

Commercial Bankruptcy
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2012 spotlight rests on AMR bankruptcy case
Tulsa WorldJanuary 1, 2012

AMR Corp., the parent of American Airlines, filed its Chapter 11 bankruptcy reorganization petition Nov. 29. Tom Gilbert/Tulsa World file By DR STEWART World Staff Writer In Tulsa and northeastern Oklahoma, all eyes in the aerospace industry will be on ...more »

Internal Investigative Services
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County settles discrimination claims of two employees for a total of $120000
HeraldNetJanuary 3, 2012

By Noah Haglund, Herald Writer The same cases earlier had been the subject of lengthy internal investigations, which found no wrongdoing by top managers. On Dec. 22, county attorneys agreed to pay a roads employee $100000 to settle her claims of racial ...more »

Commercial Leasing
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Will Vikings take their final bow in Minnesota this weekend?
Pioneer PressJanuary 1, 2012

Now, as the team's lease is set to expire Feb. 1 - though Metrodome leaders suggest the lease may last longer - supporters fear today's game against the Chicago Bears could be the Vikings' last should another stadium in another city lure them. ...more »

International Transactions
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Milbank, Tweed, Hadley & McCloy Names New Partners
Private Equity Hub (press release)January 3, 2012

Law firm Milbank, Tweed, Hadley & McCloy has elected four new partners: Jacqueline Su-Lynn Chan, Daniel Michalchuk, Atara Miller and Nicholas Smith. The new partners are working in the firm's Singapore and New York offices. International law firm ...more »

Communications & Media
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Memphis Mayor Wharton vows better communication, less strife
Memphis Commercial AppealJanuary 1, 2012

On Wharton's first day in office, law enforcement raided the Memphis Animal Shelter following reports of abuse and neglect. Scandals then erupted at the once-dysfunctional Workforce Investment Network and the city's General Services Division. ...more »

Vets win case over horse care by non-licensee in Missouri
STLtoday.comJanuary 8, 2012

Under state law, sedation by anyone other than an owner or licensed vet is illegal, while extraction is a surgical practice, which makes it a veterinary practice, and therefore also illegal for someone to perform without a license. ...more »

Construction & Development
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2011 NEWSMAKERS: Big crime stories of the year: County saw 14 homicides ...
Santa Cruz SentinelJanuary 1, 2012

Stephen Hull, 62, of La Selva Beach, a budget and planning analyst at UC Santa Cruz, was shot and killed by his son, Aaron Hull, 36, who worked at a Monterey County kayak and fishing business. Donna Orsini, Stephen Hull's daughter and Aaron Hull's ...more »

Locating Funds
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California Adds Death-Benefit Law
BloombergJanuary 3, 2012

California, the most populous US state, enacted a law this week to protect life-insurance beneficiaries as the federal government seeks to boost disclosures for survivors of its employees. Insurers must obtain written declarations from beneficiaries in ...more »

Contracts Involving State & Minicipality
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Silicon Valley Politicians Introduce 50 New Laws for 2012
Patch.comJanuary 1, 2012

SB 506: Spurring Investment in California Bonds It updates laws allowing the use of registered warrants to pay an existing tax liability. SB 225: Expanding Small Business Loan Program Through the bill, small trucking companies are able to access the ...more »

Mergers, Acquisitions & Divestitures
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The 2012 Regulatory and Market Landscape
Wall Street JournalJanuary 2, 2012

Steve Nadel, a hedge-fund lawyer with Seward & Kissel LLP in New York, said "registration issues will continue to dominate" the discussion in hedge funds in early 2012, but he also predicted changes that could lead to more taxation of the industry and ...more »

Corporate Finance & Taxation
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Contracts went to criminals
Toledo BladeJanuary 1, 2012

“I work side by side with My Bro Greg Jr., running my fathers construction company!” her Facebook profile says. “Its a great job if you can deal with your parents yelling at you like your still a kid! I don't mind it!” Grecheri Harris, daughter of ...more »

Mortgages & Foreclosures
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Pension payments sold to middlemen
Greenville Daily ReflectorJanuary 1, 2012

In some cases people face foreclosure on their homes and need a large cash payment in order to stop the bank. Retirees and veterans who have a defined benefit pension now have another opportunity to get a lump sum payment but it does have a significant ...more »

Creditor's Rights
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Farm, ranch clinics planned in Grand Island, Lexington
Kearney HubJanuary 1, 2012

Farmers and ranchers can meet one-on-one and confidentially with an experienced ag law attorney and ag financial counselor on issues such as financial, estate and transition planning; farm loan programs; and debtor-creditor and water laws. ...more »

Non-Profit Corporations
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Your comments: Court to decide if Union County nonprofit must open its records
The Star-Ledger - NJ.comJanuary 6, 2012

The organization was founded in 1994 to promote local economic development and is an independent nonprofit organization. It is therefore exempt from the Open Public Records Act, which would require it to provide financial or budget information. ...more »

Customs Disputes
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Overseas link in law cases revealed
The Press AssociationJanuary 2, 2012

Nine out of 10 commercial cases handled by London law firms now have an international link, according to Government figures. The Ministry of Justice (MoJ) said a new High Court building in London is the largest "specialist centre" in the world for the ...more »

Professional Corporations
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Balls-Out Manliness? Eat This, Man Up, or Put a Scarf In It
Huffington PostJanuary 2, 2012

With him in the kitchen cooking a delightful dinner, I took the day off from researching corporate law and watched whatever programming our cable TV provided. And that programming contained a seemingly disturbing amount of manliness, ...more »

Debt Collection
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Regulators inching forward on Dodd-Frank rules
Chicago TribuneJanuary 3, 2012

In December, the Federal Reserve proposed the much-awaited capital and liquidity rules for the largest US banks and non-banks. The proposals released are aimed at ensuring that financial firms have enough capital and liquid assets on hand to weather a ...more »

Public Offerings
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Medical pot issues wind way through courts
Hometownlife.comJanuary 1, 2012

Communities across Michigan will be watching to see how the state courts interpret state and federal law. Early this year, attorneys from both sides will file respective motions to the Michigan Court of Appeals. Dan Korobkin, attorney with the ACLU, ...more »

Debt Settlement
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Eagle Plains Accepts Shares for Debt
MarketWatch (press release)January 4, 2012

Cranbrook, British Columbia CANADA, Jan 03, 2012 (Filing Services Canada via COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink), announces it has entered into a debt settlement agreement with Blackrock Resources Ltd., ...more »

Reorganizations & Restructuring
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Ahern to start borrowing on bankruptcy loan to pay debt
KHL GroupJanuary 3, 2012

Following the news that one of North America's largest independent rental companies, Las Vegas-based Ahern Rentals, has filed for Chapter 11 bankruptcy in order to restructure around $500 million in debt. Dow Jones News services has reported that the ...more »

Directors' & Officers' Liability
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Insurance regulation takes center stage
Business InsuranceJanuary 1, 2012

Other regulatory issues include ongoing implementation of provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. And although almost certain to be focused on election-year politics, Congress nonetheless will have a role to play in ...more »

State & Minicipal Bonds
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Why our mining laws are ineffective
Inquirer.netJanuary 1, 2012

Second, the belief that the decision makers in the business sector and those in government who are entrusted by the law to serve as guardians of our mineral wealth are knowledgeable and enlightened people whose main concern is to serve the public ...more »

False Advertising
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Online ads expected to thrive in 2012
DM NewsJanuary 1, 2012

While that may not be an ideal situation, it offers some perspective on the negative predictions of these three major media services companies. It also appears that some channels, such as television advertising, online marketing and digital media are ...more »

Trade Associations
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Analysis: US weighs retaliation over Europe aviation law
ReutersJanuary 6, 2012

Annie Petsonk, a lawyer for the Environmental Defense Fund, said her group worked with the EU on the case and noted the Obama administration has yet to provide any legal rationale for challenging the emissions policy. "I have looked at the legal issues ...more »

Federal Contracts
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Lawsky Touts Regulatory Accomplishments
LifeHealthProJanuary 2, 2012

... marshaling of insurance information, and under the scrutiny of the Treasury Department's Federal Insurance Office (FIO), is wasting no time in highlighting the efficiency of its own regulatory efforts to make insurers stay accountable to consumers. ...more »

Unfair Competition
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TPTCC NY, INC. v. RADIATION THERAPY SERVS., INC.
Leagle.comJanuary 2, 2012

As a general matter, federal district courts have supplemental jurisdiction over state law claims "that are so related to claims in the action within such original jurisdiction that they form part of the same case or controversy under Article III of ...more »

Federal Grants
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Jewish Groups Get Most Money From Federal Security Grants
Yeshiva World NewsJanuary 2, 2012

... a security guard at the US Holocaust Memorial Museum in Washington in 2009, Homeland Security Secretary Janet Napolitano cited the murder as proof that nonprofit institutions were at risk of attack and could be helped by federal security grants. ...more »

Venture Capital
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Imprivata Says Open Sesame to $15M Third Round
XconomyJanuary 2, 2012

SAP Ventures, the venture capital wing of German business software giant SAP AG, led the round, which was joined by existing Imprivata investors Polaris Venture Partners, General Catalyst Partners, and Highland Capital Partners. ...more »

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