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

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Parliament's moral duty on assisted dying
The GuardianJanuary 1, 2012

... been a lull in the media recently about the rights and wrongs of assisted dying, but the conflict is sure to break out again with the imminent publication of the report from Lord Falconer's commission, established to consider changes to the law. ...more »

Looking forward 2012: A better place...
Times of IndiaJanuary 1, 2012

In 2011, a special court for NIA cases and 2G spectrum was established. Sources say more special courts may be formed if the number of cases with the National Investigating Agency increases. The year 2012 will mark the end of the 54-year-old MCD ...more »

Business Law News and Stories

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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 »

Foreign Investments
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Ukraine foreign minister calls for more Saudi investments
Arab NewsJanuary 1, 2012

Grishchenko spoke about his government's efforts to attract foreign investment by softening regulations, adding that it helps foreigners to own land in Ukraine known for its fertile lands. "The government has also reduced taxes on foreign investment. ...more »

Antitrust Law, Domestic
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Complex online gambling fight now about where and when Americans will be able ...
Washington PostJanuary 3, 2012

Online poker boomed in the US over the last decade, but a 2006 law made it illegal to run most online gambling businesses by forbidding financial institutions from processing transactions related to illegal online gambling. The law, however, didn't ...more »

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VietNamNet BridgeJanuary 1, 2012

The Government issued Decree No 120/2011/ND-CP on December 16, amending administrative procedures in a number of decrees issued pursuant to the 2005 Commercial Law. The decree eliminates the requirement that domestic franchises (or domestic franchises ...more »

Gaming Law
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Prosecutors challenged in casino-related campaign contribution case
DesMoinesRegister.comJanuary 6, 2012

Prosecutors also have charged that Webster County Entertainment violated the law because the campaign contribution should have been reported by the company, rather than by individuals. Daniel and Beason are accused of aiding and abetting that violation ...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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A Billionaire Lends Haiti a Hand
New York TimesJanuary 7, 2012

In charge of the agency that finances a variety of government projects financed primarily by international donors, Mrs. Gauthier was the first chief executive of the Digicel Haiti Foundation, which oversees the construction of the schools. ...more »

Business Formation
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Employment law reform for small firms 'a gimmick' 2, 2012

The Government's moratorium on employment law for micro businesses has been branded a gimmick, after it emerged that those employing fewer than 10 staff were not exempt from a single regulation last year. The Federation of Small Businesses said the ...more »

Institutional Investing
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Retirement plan brokers outsource fiduciary duties
InvestmentNewsJanuary 1, 2012

Managers, of course, work within the confines of the investments offered on the platforms of the providers with which they have business arrangements. “As a broker-dealer, if you want to keep your reps in the green zone so that they can cross-sell IRA ...more »

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Executive Moves: Jan. 2, 2012
Crain's New York BusinessJanuary 1, 2012

Gregory M. Starner, 36, was promoted to partner in the global commercial litigation practice. He was previously an associate. Chris Walker, 48, joined the provider of assurance, tax, transaction and advisory services as associate director in the ...more »

Amnesty or New IDEA?
National Review Online (blog)January 2, 2012

We have actually had six amnesties since 1986, and respect for the rule of law has also eroded each year. Vested interests in open borders have collaborated to undermine immigration law. Both the Left and the Right have advanced their interests at the ...more »

Commercial Bankruptcy
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US Supreme Court may put off ruling on health-care law
Palm Beach PostJanuary 2, 2012

The court had a variety of points on which to evaluate the Patient Protection and Affordable Care Act. Led by Florida, 26 states and the National Federation of Independent Business challenged the law. The US solicitor general, essentially President ...more »

Internal Investigative Services
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Government gives Sliema council 10 days to resolve issues
Times of MaltaJanuary 4, 2012

The Director for Local Government in a report and a formal notice to the council mentioned investigations carried out by the Internal Audit and Investigations Directorate (IAID) on various irregularities and noted that most allegations had been ...more »

Commercial Leasing
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Kelantan Police Intensify Probe Into Leaflets Defamatory Of PM, Wife
BernamaJanuary 1, 2012

"All of them were released on police bail pending prosecution on Jan 9 under Section 8 of the Printing Presses and Publications Act," he told reporters after witnessing the handing over of duties of Kelantan Commercial Crime chief. ...more »

International Transactions
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Election-year politics will chart Congress' path this year
CNNJanuary 17, 2012

In addition to the bills on jobs, the House also is expected to take up legislation to make more transparent members of Congress' stock trades and other financial transactions. GOP leaders plan to vote on the so-called "STOCK Act" which would ban ...more »

Communications & Media
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The Danger of an Attack on Piracy Online
New York TimesJanuary 2, 2012

After all, SOPA, which stands for Stop Online Piracy Act, sounds like a piece of arcane Internet government regulation — legislation that entertainment companies desperately care about and that leaves Web nation and free-speech crusaders frothing at ...more »

Cellphone crackdown among new laws taking effect today
Las Vegas SunJanuary 1, 2012

The state Department of Public Safety is adopting regulations, and other law enforcement agencies are joining. The 2011 Legislature voted to strip the mining industry of tax deductions for such expenses as lobbying, dues paid to an organization to ...more »

Construction & Development
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School issues sit atop big stories of 2011
Duluth News TribuneJanuary 1, 2012

The schools that opened this year, either brand-new construction or renovated and remodeled with additions, are Laura MacArthur, Lester Park and Piedmont elementary schools and Denfeld and East high schools. Those that closed are Rockridge Elementary, ...more »

Locating Funds
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Texas Consumer Health Assistance Program to close after losing federal funding
Washington PostJanuary 1, 2012

With funds from the federal health reform law, the Texas Consumer Health Assistance Program launched last January. A $2.8 million grant allowed the state to hire nine employees to staff a toll-free hotline. More than 6000 Texans called in during the ...more »

Contracts Involving State & Minicipality
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State's inaction on health exchanges concerns reform advocates
Milwaukee Journal SentinelJanuary 2, 2012

... work on the online marketplaces, or exchanges, required under federal health care reform until the US Supreme Court rules on the constitutionality of the law. The exchanges could help consumers and small businesses compare competing health plans. ...more »

Mergers, Acquisitions & Divestitures
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Yahoo! CEO Scott Thompson's New Leader's 100-Day Action Plan
ForbesJanuary 5, 2012

Similar to what his colleague Meg Whitman faces at Hewlett Packard, Thompson needs to take all that into account and understand the various things the board has already put in motion around potential divestitures and mergers. At the same time, ...more »

Corporate Finance & Taxation
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Judging the Judges: Nevada Supreme Court Justices say they take criticism ...
Las Vegas Review-JournalJanuary 1, 2012

But about a third of the rating lawyers called her less than adequate on three traits closely related to knowing the law and using it well -- being prepared for specific cases, applying law and rules properly, and explaining decisions. ...more »

Mortgages & Foreclosures
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Sneak Peak At Cuomo's Agenda
New York Daily News (blog)January 4, 2012

In a nod to the minority community, he will announce a foreclosure prevention assistance unit, a new tenant protection unit to ensure rent laws are properly enforced, and an expansion of the state's minority and women-owned business program. ...more »

Creditor's Rights
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2011: A year of change for QC business
Quad City TimesJanuary 1, 2012

In December, Davenport-based publisher Lee Enterprises announced it was filing for Chapter 11 bankruptcy protection in a move to refinance nearly $1 billion in debt. Lee, the parent company of the Quad-City Times and 47 other daily newspapers, ...more »

Non-Profit Corporations
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Attorney General Schneiderman lists accomplishments for North Country
North Country NowJanuary 3, 2012

The Initiative will target faith-based discrimination and violations of religious rights through public education, outreach and law enforcement, including litigation. - Released a fundraising report documenting how for-profit “telemarketers” pocket the ...more »

Customs Disputes
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Why we get wasted on New Year's
SalonJanuary 1, 2012

Echoing Saturnalia's public ridicule of society's laws and customs, rowdy bands of peasants invaded the manor, demanding food and drink. In exchange, the lord received his subjects' blessings and goodwill for the coming year. ...more »

Professional Corporations
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PERSPECTIVES: Judge's ruling may unsettle corporate policyholders
Business InsuranceJanuary 1, 2012

In refusing to accept a so-called consent decree, which essentially is a court-approved settlement between a company and government regulators, the judge called into question a legal maneuver that has facilitated numerous settlement agreements. ...more »

Debt Collection
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The AtlanticJanuary 3, 2012

... briefs and opinions -- to say nothing of the idiotic Fair Debt Collection Practices Act cases plaguing my docket that have all the sophistication of traffic violations -- it would be a relief to withdraw from, if I had not taken an oath. ...more »

Public Offerings
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Former US Attorney Dwight Holton prepares to run for state attorney general
OregonLive.comJanuary 4, 2012

By Bryan Denson, The Oregonian View full sizeBeth Nakamura/The OregonianDwight Holton is leaving the US Attorney's Office in Portland to join a Portland law firm. Dwight C. Holton, who raised the public profile of the US Attorney's Office for Oregon ...more »

Debt Settlement
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Column: Some stories slighted in 2011
Appleton Post CrescentJanuary 1, 2012

In a move designed to help the struggling golf course shore up its financial future, the council voted to ease course debt payments to the city on a $480000 loan. Essentially, the council stopped charging interest on the loan, requiring the course to ...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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The top issues to watch during the 2012 Kentucky General Assembly
Lexington Herald LeaderJanuary 1, 2012

Details: Kentucky is one of only a handful of states that doesn't to extend court protection in domestic-violence cases to unmarried partners, unless they live together or have a child together. Among those ineligible to apply for protective orders are ...more »

State & Minicipal Bonds
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Obama Signs Iran Central Bank Sanctions Into Law
Wall Street Journal (blog)January 3, 2012

The Iran sanctions measure penalizes foreign financial institutions that do business with Iran's central bank, Bank Markazi. The law forces anyone that does business with Bank Markazi to choose between ending that business and with being blocked from ...more »

False Advertising
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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 »

Trade Associations
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Hungarians protest against new constitution
euronewsJanuary 3, 2012

“The main problem with the constitution is that it is destroying the constitutional order, the new Basic Law is really a one party basic law,” said trade unionist Kornel Arok. Another protester added:” My grandchildren tell me they will not stay in ...more »

Federal Contracts
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Culprits tried hard to detract ZTE probe
Philippine StarJanuary 1, 2012

Another flimsy defense: there was no proof of fraud since the ZTE contract had gone missing. Allegedly only hours after the signing all copies were stolen from the Boao hotel room of the Philippine commercial attaché to Guangzhou, Emmanuel Ang. ...more »

Unfair Competition
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Debt Crisis Leaves Nothing Sacred as Italy Church Chased on Tax
BusinessWeekJanuary 18, 2012

“Otherwise there is unfair competition with those who runs a business without a religious signboard.” Support for change also comes from Environment Minister Corrado Clini, who said last month in a speech in Genoa that the church must pay because there ...more »

Federal Grants
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Temporary federal budget measures end health care state programs
CivSourceJanuary 3, 2012

Health care is one of the biggest, if not the biggest chunk of most state budgets. The longer that federal funding remains uncertain, more of these programs will likely close or stall out before they begin as cash strapped states try to meet existing ...more »

Venture Capital
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Fewer exits but more capital for venture-backed start-ups in 2011
Los Angeles TimesJanuary 3, 2012

To get to that point, companies headed for IPOs raised $85 million in venture capital – up 17% compared to the year before. But they reached the exit point faster – making it in 6.5 years compared to 8.1 years in 2010. There are 60 venture-backed ...more »


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