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

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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 »

Positive year ahead for workers
Malaysia StarJanuary 1, 2012

The whole car park had been cordoned off for government employees. The public – their customers – are made to park outside the compound and walk in the rain. Do you see hotels reserve their parking lots for their own employees? ...more »

Business Law News and Stories

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Laying down the laws
Sacramento BeeJanuary 1, 2012

Do not use the commenting system for advertising. That's spam and it isn't allowed. • Don't use all capital letters. That's akin to yelling and not appreciated by the audience. • Don't flag other users' comments just because you don't agree with their ...more »

Foreign Investments
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India Unveils Opening of Bourse to Individual Foreign Investors
International Business Times AUJanuary 2, 2012

In a statement issued on Sunday, New Delhi said that starting January 15, individual foreign investors can commence putting their investments on the local market without resorting to previously available channels - mutual or institutional stock ...more »

Antitrust Law, Domestic
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William Carey, Investor Who Backed Business Schools, Dies at 81
San Francisco ChronicleJanuary 3, 2012

He was head of real estate and equipment financing at Loeb, Rhodes & Co. and director of corporate finance at DuPont, Glore Forgan Inc. In 1973, he formed WP Carey with his brother, Francis J. Carey, and brother-in-law, Raymond S. Clark. ...more »

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Throwing Darts: Partying with Dan Orlovsky
Yahoo! Sports (blog)January 1, 2012

Maybe it's better to win here, have the Rams lose, pick second and stay tied to your franchise QB. Temporary starter Dan Orlovsky has been sharp since taking over as the starting quarterback (only the Baltimore start was a messy one), and the Jags have ...more »

Gaming Law
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APNewsBreak: NJ senator pushes online bet bill
The Associated PressJanuary 2, 2012

Lesniak introduced a new bill in August that he says contains safeguards to address Christie's concerns, including fines of $1000 per player per day for anyone running an illegal Internet betting parlor, and $10000 for advertising such illicit ...more »

Banking Law
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Bank security: Robbers down the line
Financial TimesJanuary 2, 2012

Cases that are still pending accuse banks of missing red flags similar to those for Experi-Metal. Village View Escrow of southern California's Redondo Beach, for example, said in June that Professional Business Bank of Los Angeles should not have ...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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Scruffy's story defines reporter's role
Arizona RepublicJanuary 1, 2012

When Dockery couldn't immediately pay the estimated $400 vet bill, his mother offered to pay with a credit card over the phone. Clinic staff, citing agency policy and fear of fraud, refused to accept it. They told Dockery the only way Scruffy would be ...more »

Institutional Investing
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SEC Charges Investment Adviser In Social-Media Scam
Wall Street JournalJanuary 4, 2012

"When we become aware of bad actors, we take action to remove them from the site, and we will work appropriately with law enforcement officials to provide them with the information they need to bring criminals to justice," Durzy added. ...more »

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Court Orders Venezuela to Pay Exxon $908 Million
Wall Street JournalJanuary 1, 2012

By KEJAL VYAS And ANGEL GONZALEZ CARACAS—An international arbitration panel awarded oil giant Exxon Mobil Corp. about $908 million in a verdict over nationalized oil assets, a spokesman for the company said Saturday. The decision, by an arbitration ...more »

Redefine marriage
Maui News (blog)January 6, 2012

A number of state governments including Hawaii formalize the difference with laws that distinguish “civil unions” from “marriage.” But then the states persist in issuing licenses for marriage. The states should distinguish the government's interests in ...more »

Commercial Bankruptcy
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Immigration law in effect while parts of it on hold
WCBDJanuary 3, 2012

With the new law, that requirement extends to all businesses. The South Carolina Small Business Chamber of Commerce has previously expressed concern that even that may cause some problems. “A lot of businesses won't be able to do it in their business, ...more »

Internal Investigative Services
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Fired Goodyear police spokesman alleges retaliation
AZ Central.comJanuary 18, 2012

18, 2012 09:23 AM John Rowan, who recently was fired as the Goodyear Police Department's spokesman, refused to answer questions during an internal investigation because he believed city officials were trying to intimidate him. Rowan, also the assistant ...more »

Commercial Leasing
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Police nab 7 members of east Jerusalem crime family
Jerusalem PostJanuary 1, 2012

By MELANIE LIDMAN Police arrested seven Arab family members from the east Jerusalem neighborhood of Beit Hanina on the suspicion of blackmailing, stealing, and attacking a number of people in connection with commercial and land disputes. ...more »

International Transactions
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Iran successful in producing and testing nuclear fuel rods, state TV says
National PostJanuary 1, 2012

In November, Canada imposed sanctions targeting “virtually all transactions” with Iran over suspicion the country is pursuing a nuclear weapons program. Iran has successfully produced and tested fuel rods for use in its nuclear power plants, ...more »

Communications & Media
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Experts Weigh In on Outside Groups' Pro-Gingrich Spots
New York Times (blog)January 1, 2012

Nevertheless, any ad featuring a candidate for federal office so close to an election would fall under what the election commission calls “electioneering communications.” But a quirk in the law means that the agency does not consider caucuses like ...more »

Top 10 most significant laws and regulations of 2011
Viet Nam NewsJanuary 4, 2012

7) Government Decree No 99/2011/ND-CP of October 27, 2011, details provisions in the Law on Consumer Protection. It provides for protection of consumers in transactions with independent business entities not subject to business registration ...more »

Construction & Development
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'Pay Palestinians for private property, don't raze homes'
Jerusalem PostJanuary 2, 2012

In a document attached to the letter and given to the Post, Shtruzman cited the 2005 Sasson Report compiled by lawyer Talia Sasson, the former head of the criminal department at the State Attorney's Office, which found that the Defense and Construction...more »

Locating Funds
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Federal Funds for Learning Disorders
Citizens Commission on Human Rights of St. LouisJanuary 2, 2012

Underlying the coerced drugging of children is the definition of “disability” under Special Education law. The primary purpose of IDEA, which covers Special Education, was to provide a free and appropriate education for children with hearing, sight, ...more »

Contracts Involving State & Minicipality
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2012 US Healthcare: ERISA or PPO? Federal Court Ruled For Aetna In Total ...
San Francisco Chronicle (press release)January 1, 2012

"Medical necessity, proper documentation, SIU audit and overpayment recoupment are the most frequent payment disputes in managed care claim denials. Federal law ERISA compliance must be the No. 1 priority in 2012 for all providers in reimbursement ...more »

Mergers, Acquisitions & Divestitures
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Q&A with Hussein Choucri
Business Today EgyptJanuary 10, 2012

However, when you have turbulence and dislocation in the market, mergers, acquisitions and divestitures become a major product for investment banking firms. Problems of some become the opportunities of others, and whenever a company wants to divest, ...more »

Corporate Finance & Taxation
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India to sign DTAA with Macau in New Year
IBNLive.comJanuary 1, 2012

... of Direct Taxes Chairman MC Joshi leaves for Macau today to ink a double taxation avoidance agreement with the picturesque city state, a move to facilitate the exchange of tax-related and banking information between the two and prevent tax evasion. ...more »

Mortgages & Foreclosures
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Everyone and No One Is In Charge Of Fixing The Housing Crisis
Problem Bank ListJanuary 15, 2012

While US lawmakers and Obama administration officials criticize banks for failing to lend to consumers, he said banks are hamstrung by strict underwriting rules. It's no better in Europe where central bank policy is sometimes at odds with local ...more »

Creditor's Rights
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Top Pittsburgh, regional stories of 2011
Pittsburgh Tribune-ReviewJanuary 1, 2012

Podlucky was the head of the Latrobe beverage bottler and ran the company into bankruptcy in 2006, bilking investors and banks alike. Nov. 8: A bribery lawsuit against Alcoa Inc. is reopened by US Judge Donetta Ambrose, who rules that Aluminum Bahrain ...more »

Non-Profit Corporations
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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 »

Customs Disputes
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INTA Welcomes Anticounterfeiting Measures in the National Defense ...
ag-IP-news AgencyJanuary 2, 2012

NEW YORK, NY - The International Trademark Association (INTA) welcomed in a press release the signing of the National Defense Authorization Act of 2012 into law. The Act includes measures to address counterfeit military products and to provide for ...more »

Professional Corporations
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Crowell & Moring Boosts New York Office With Addition of Two Broker-Dealer ...
Sacramento BeeJanuary 4, 2012

The firm's Financial Services Group offers an extensive scope of services in a variety of areas, including commercial lending, structured finance, real estate finance, bankruptcy and creditors' rights, and financial institutions litigation. ...more »

Debt Collection
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ABA Lawyers to Help New Yorkers Facing Bankruptcy, Foreclosure and Issues ...
RealEstateRama (press release)January 4, 2012

How does bankruptcy affect stays on collections, creditors and co-debtors? What are the federal income tax consequences? “Rights of Mortgagors and Mortgagees Under Chapter 11” – How does Chapter 11 work? How can businesses apply for and receive credit? ...more »

Public Offerings
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Utah's Republican Attorney General Stands Up for Embattled Holder
Main JusticeJanuary 3, 2012

“You would think a group of legislators who tout the Constitution as much as … these guys do would understand that the Utah Constitution prohibits them from” taking over the state Attorney General's role, Shurtleff told the Salt Lake Tribune last ...more »

Debt Settlement
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Oil Falls From Eight-Month High on European Economic Concerns
BusinessWeekJanuary 4, 2012

4 (Bloomberg) -- Oil fell from its highest settlement in almost eight months on signs that Europe's debt crisis may drag the region into a recession, curbing fuel consumption. West Texas Intermediate crude futures reversed gains as the euro dropped ...more »

Reorganizations & Restructuring
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Rumor: Lenovo to Reorganize into 4 Regional Divisions
Marbridge ConsultingJanuary 6, 2012

HK) reportedly plans to undergo global corporate restructuring. In an internal memo, CEO Yang Yuanqing said the company would no longer be organized into mature market and emerging market divisions and instead would be divided into four regional ...more »

Directors' & Officers' Liability
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Global Growth Slows to 3.9% as O'Neill Sees BRICs Diminished by Population
BloombergJanuary 3, 2012

Enlarge image A Construction Worker in India A Construction Worker in India A construction worker pours concrete into molds at a construction site in New Delhi, IndiaPhotographer: Prashanth Vishwanathan/Bloomberg A year ago, Catherine Liu employed more ...more »

State & Minicipal Bonds
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Photo ID, anti-immigration measures among new Tenn. laws taking effect Jan. 1
The RepublicJanuary 1, 2012

Tennesseans will be required to have photo identification in order to vote and state employers will have to make sure their employees are legally authorized to work in the US under new laws that take effect Jan. 1. The photo ID measure has stirred ...more »

False Advertising
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SharePoint for Internet Sites Is New Cloud-Based Offering for AIS Network
San Francisco Chronicle (press release)January 3, 2012

SharePoint for Internet Sites is among several products and services in the cloud that hosting pioneer AIS Network intends to offer to digital content creators this year. Building on continued success hosting Microsoft SharePoint 2010 in the cloud, ...more »

Trade Associations
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How the Stop Online Piracy Act could affect you
LazygamerJanuary 5, 2012

Epic Games supports efforts that would stop overseas websites profiting from pirating our games, but we have to do that in a way that's compatible with freedom of speech and due process of law. Thus, we do not support the current version of SOPA. ...more »

Federal Contracts
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Nova Scotia premier says province should prepare for rough economy this year
Winnipeg Free PressJanuary 1, 2012

Conservative Leader Jamie Baillie said with the economic situation worsening, the possibility of a snap election this year is increasing as the government tries to capitalize on its "perceived" role in landing the federal shipbuilding contract and ...more »

Unfair Competition
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Government abolishes LVCR
Catalogue e-businessJanuary 3, 2012

However, on 9th November, it announced that in order to protect small and midsize businesses from unfair competition and to protect tax revenue, it was necessary to abolish LVCR altogether. The move heralds a victory for RAVAS, a pressure group of UK ...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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Gene Security Network, Now Natera, Adds $20M For Prenatal Tests
XconomyJanuary 6, 2012

The company, founded in 2004, has now raised a combined $42 million of venture capital in its four publicly announced financing rounds. Founders Fund, the West Coast's largest in vitro fertilization center (Huntington Reproductive Center), ...more »


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