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

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5 Resolutions for a Healthier & Greener 2012
Care2.comJanuary 1, 2012

We know that the big players in agribusiness will dispute this claim, but it makes sense to us. Organic farms tend to have richer, healthier soil than farms that use fossil-fuel derived fertilizer that's constantly being depleted. ...more »

New Licensing Regime Jolts Freight Forwarders
THISDAY LiveJanuary 1, 2012

Although the Customs and Excise Management Act provides for self clearing in which an importer is allowed the option of clearing its goods, most of them prefer to use clearing agents because of the bureaucracy involved. Accordingly, government reviews ...more »

Business Law News and Stories

Advertising
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WNY business community's winners and losers of 2011
Buffalo NewsJanuary 1, 2012

Steven J. Baum law firm— Not only did the Amherst law firm collapse because of its shaky practices and bad taste, but its demise also cost the jobs of nearly 600 local workers at the firm that handled much of its legal paperwork. The law firm already ...more »

Foreign Investments
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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 »

Antitrust Law, Domestic
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Small cases are big business in California courtrooms
Los Angeles TimesJanuary 2, 2012

Lawyers often do better financially than their clients. Many other states apply stricter judicial standards. Last month, in a ruling that seemed to draw a line on frivolous actions, the US 9th Circuit Court of Appeals upheld the dismissal of a Los ...more »

Franchising
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Famous Brands Says Sales Increased in December, Rapport Says
BloombergJanuary 1, 2012

The company, which owns restaurant franchises including Wimpy, Steers and Mugg & Bean, posted better-than-expected sales across all its franchises, the Johannesburg-based newspaper cited Hedderwick as saying. To contact the reporter on this story: ...more »

Gaming Law
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Riverside Press-Enterprise: Beware the push for online gambling
Appeal-DemocratJanuary 1, 2012

The state needs to clarify whether federal law even permits the state to take this step. A 2006 federal law banned gambling over the Internet, but may allow states to permit online gambling within their borders — or may not. Simply assuming the state ...more »

Banking Law
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Antigua seeks 2 parcels of land owned by Stanford
BusinessWeekJanuary 2, 2012

Authorities say Stanford and the executives fabricated the bank's records, bribed Antiguan regulators with investors' money from a secret Swiss bank account and misused funds to pay for Stanford's lavish lifestyle.more »

Government Construction Contracts
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Hail Cement announces $31.5m housing project
Construction Week OnlineJanuary 2, 2012

by Duncan Hare on Jan 2, 2012 Hail Cement Company has announced a $31.5m housing contract in a joint venture deal with Teberak Trading and Contracting Company and Mo B. Co. for Civil Construction in Saudi Arabia. A statement posted on the Tadawul ...more »

Business Formation
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Dubious sinkhole repairs raise costs and questions of fraud
Tampabay.comJanuary 2, 2012

A relative confirmed Hodge ran the business out of his home, but said he worked primarily on Florida's west coast. Interviewed later, a former A&M foreman, Thomas Coen, said Hodge referred to jobs as "perps" — for perpetrating insurance fraud. ...more »

Institutional Investing
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Pak business confidence up despite investment fall
Khaleej TimesJanuary 8, 2012

If dynamic policies can be put in place, Pakistan can attract large amounts of foreign investment. “The onus of Pakistan investment environment in the coming year is solely on the shoulders of its economic managers that can formulate a dynamic and ...more »

Commercial
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Crime doesn't pay, but it entertained and shocked all of us in 2011
San Francisco ExaminerJanuary 1, 2012

Motown fake: A man posing as legendary Motown celebrities conned Bay Area small-business owners into wining, dining, housing and entertaining him — until cops found him at the Hyde Out bar. Tip thief jarring: Coffee merchants in San Francisco cheered ...more »

Parliament passes controversial central bank law over objections from European ...
Politics.huJanuary 2, 2012

By MTI Parliament on Friday passed a law on the central bank which gives the prime minister the right to nominate a third deputy governor. But unlike the first draft which sought to hand the president of the republic responsibility for electing members ...more »

Commercial Bankruptcy
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2012 brings a spate of new laws
Jacksonville Journal-CourierJanuary 1, 2012

PA 97-0449 • New language specifies that a school board is allowed to suspend or expel a student who has made a explicit threat on an Internet website against a school employee, fellow student or any other school personnel. ...more »

Internal Investigative Services
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Jenner & Block Names New Partners
PR Newswire (press release)January 10, 2012

John (Jay) R. Schleppenbach is a Partner in the Litigation Department and a member of the Securities Litigation and International Arbitration Practices. In 2003, he graduated summa cum laude and Order of the Coif from the University of Illinois College ...more »

Commercial Leasing
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South Texas boom offers opportunities in housing
Houston ChronicleJanuary 2, 2012

Hotel rooms, apartments, rental homes and boarding houses are full across the constellation of South Texas towns where oil companies have descended to draw gas and oil from the Eagle Ford Shale formation, which sweeps from the border across the state ...more »

International Transactions
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Why Does Big Labor Support the Stop Online Piracy Act?
The New AmericanJanuary 1, 2012

Perhaps they understand that by granting the government the power to pull the plug on any one of these websites at any time without warning, SOPA is a persuasive disincentive to investment and thus to corporate growth and survival. ...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 »

Durham Shooting: Are Britain's Gun Laws Tough Enough?
Huffington Post UKJanuary 3, 2012

"No licensing system can be perfect, but it would be hard to see how the present system could be much improved," he was quoted by the Press Association as saying. "We have very tough gun laws in the United Kingdom and we also have a very small amount ...more »

Construction & Development
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Observers expect slow growth for county economy in 2012
Santa Rosa Press DemocratJanuary 1, 2012

A worker installs siding on a home under construction in the Lennar development at Linwood Villas in Santa Rosa. By ROBERT DIGITALE Real estate sputtered and the wine crop disappointed, but the tech sector rallied and tourism bounced back in Sonoma ...more »

Locating Funds
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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 »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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Rubber glove manufacturers to grow through consolidation latest!
The Borneo PostJanuary 4, 2012

Nevertheless, she did not rule out a possibility of any mergers and acquisitions in the market as there have been speculations and talks of such activities happening in the market. “If we trace back over the past decade, the number of players was more ...more »

Corporate Finance & Taxation
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Tax-to-GDP ratio unlikely to touch double-digit
The News InternationalJanuary 1, 2012

Pakistan is ranked to have one of the lowest tax-to-GDP ratio in the world. The tax-to-GDP ratio was at 9.4 percent in FY11, marginally increased from 9.1 percent a year ago, according to the Ministry of Finance data. The Federal Board of Revenue (FBR) ...more »

Mortgages & Foreclosures
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Legislators consider tougher laws on metal theft
Rockdale CitizenJanuary 21, 2012

By Jay Jones (881) ATLANTA -- Sen. Ronald Ramsey has co-sponsored legislation in the Georgia Senate that is aimed at curbing metal theft in Georgia. Ramsey, D-Decatur, represents Rockdale County and parts of DeKalb County in the state senate. ...more »

Creditor's Rights
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Business Bankruptcies
Minneapolis Star TribuneJanuary 1, 2012

A Chapter 7 petition is for liquidation of the business; Chapter 11 (or Chapter 12 for farmers or Chapter 13 for small businesses) gives protection from creditors while the business is reorganized. Michelle K. Burt, as surety for Burt Properties, ...more »

Non-Profit Corporations
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Since Solyndra downfall, $80B program looking like a political liability
TheDay.comJanuary 1, 2012

Nonprofit law specialists said that Kaiser's focus on Solyndra was striking, since he had no official role at the company and had no personal investment in the corporation. After amassing a fortune in the oil and banking industries, Kaiser had endowed ...more »

Customs Disputes
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Certification rules
Today's ZamanJanuary 2, 2012

A friend phoned the number listed and was informed that as my birth certificate had been valued at 100 pounds by the sender, I must now pay customs fees amounting to TL 193 before it could be released to me. I turned over the envelope. ...more »

Professional Corporations
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The Corporate Bankruptcy Scam
The IndypendentJanuary 3, 2012

The United Auto Workers union, for one, has urged Congress to reform bankruptcy laws to stop companies from using them against workers. This is entirely reasonable--but don't look for Obama or the Democrats in Congress to do anything about it anytime ...more »

Debt Collection
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NH bankruptcies fell 13.8% in 2011
New Hampshire Business ReviewJanuary 4, 2012

It was the first real annual decline in bankruptcies since the beginning of the century (aside from 2006, when the bankruptcy law changed to make it harder to file). In 2000, bankruptcies declined 11.9 percent. The year ended with 350 filings in ...more »

Public Offerings
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New Questions About Trips Sponsored by a Scholastic Publisher
New York TimesJanuary 2, 2012

For several weeks, New York State's attorney general has been investigating similar trips involving two dozen education officials from around the country who traveled to Singapore; London; Helsinki, Finland; China and Rio de Janeiro as guests of the ...more »

Debt Settlement
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Tanisha Warner:Take these steps when a minor's identity is stolen
CreditCards.comJanuary 3, 2012

The Fair Debt Collection Practices Act requires that a collector must disclose the original creditor's information when attempting to collect a debt. In addition, the Fair Credit Reporting Act requires that once an account has been proven fraudulent, ...more »

Reorganizations & Restructuring
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Dinu Patriciu stops scholarship programs in Romania, plans to refinance retail ...
Romania-Insider.comJanuary 19, 2012

This decision was taken due to the reorganization and restructuring of its activities. “Since this restructuring takes place the middle of the academic year, we'll try to stay close to our masters and PhD students abroad, in order to identify ...more »

Directors' & Officers' Liability
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Landowners face jail threat over bird deaths
Scotland on SundayJanuary 1, 2012

The landmark “vicarious liability” legislation allows the prosecution of landowners or managers who fail to take steps to ensure staff and contractors act within the law. The legislation applies to the unlawful killing of wild birds and the possession ...more »

State & Minicipal Bonds
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Rothstein: Law firm kept a sex pad for law partners, clients
Palm Beach PostJanuary 5, 2012

The imprisoned fraudster said his law firm spent tens of thousands of dollars per month on escorts, offering the women's services to friends, investors and business associates. "There were probably times when we spent $50000, $60000 a month on escorts ...more »

False Advertising
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Honda Motors sued over false advertising
Rush LaneJanuary 2, 2012

Heather Peters, dissatisfied with the settlement received from cases filed against Honda over false advertising with regards to gas mileage has approached the small claims court to seek further redressal. This is going to be something Honda will find ...more »

Trade Associations
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Ringing in 2012 the Farm Bureau Way
Farm Bureau NewsJanuary 2, 2012

It was a good year for Farm Bureau's trade priorities. The Colombia, Korea and Panama trade agreements all passed Congress and were signed into law. Further, Mexico lifted $2.5 billion of retaliatory tariffs against US farm products, and the World ...more »

Federal Contracts
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Business briefs
Worcester TelegramJanuary 1, 2012

The $4 million contract comes after the US Small Business Administration put mechanisms in place to increase federal contracting opportunities for women-owned businesses. “The program is another tool to help achieve the statutory goal that 5 percent of ...more »

Unfair Competition
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Jenner & Block Names New Partners
PR Newswire (press release)January 10, 2012

John (Jay) R. Schleppenbach is a Partner in the Litigation Department and a member of the Securities Litigation and International Arbitration Practices. In 2003, he graduated summa cum laude and Order of the Coif from the University of Illinois College ...more »

Federal Grants
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North applying for block grant
StandardNetJanuary 2, 2012

By Rachel Trotter NORTH OGDEN — The city is looking to get a federal community development block grant, although it isn't sure if it will qualify. CDBG grants are allocated to areas in cities with low income housing. In the past, the city has received ...more »

Venture Capital
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Elevation Pharmaceuticals Completes $30 Million Series B Financing to Advance ...
Sacramento BeeJanuary 4, 2012

Novo Ventures is recognized as a leader within life sciences venture capital. Novo is active in both Europe and North America. The Novo Ventures team consists of four Partners in Copenhagen, one in London and three in San Francisco. ...more »

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