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

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China revises laws on occupational illness prevention, Macao
XinhuaJanuary 1, 2012

The NPC also heard reports on the transformation of the economic development mode and the development of the tourism industry. Wu urged lawmakers to summarize effective work experience and practices and strive to boost work quality in handling all ...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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"Like, Watch & WIn" Sweepstakes Rules
NBC Bay AreaJanuary 1, 2012

Entry constitutes permission (except where prohibited by law) to use entrant's name, city, state, likeness, image, and/or voice for purposes of advertising, promotion, and publicity in any and all media now or hereafter known, throughout the world in ...more »

Foreign Investments
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NA passed 25 bills, enacted 22 laws in 2011
The News InternationalJanuary 1, 2012

... the National Defence University Act, 2011 (May 14), the Industrial Development Bank of Pakistan (Reorganization and Conversion) Act, 2011 (May 10), the Election Laws (Amendment) Act, 2011 (May 3), the Pakistan Institute of Fashion and Design Act, ...more »

Antitrust Law, Domestic
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Obama Signs Defense Spending Law, With Interpretations
BusinessWeekJanuary 2, 2012

The defense authorization law calls for spending $27 billion less than Obama sought, and $43 billion less than fiscal 2011. It also tightens sanctions on Iran by denying access to the US financial system to any foreign bank that conducts business with ...more »

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Sports Briefs
Savannah Morning NewsJanuary 4, 2012

ATLANTA — A former Atlanta Hawks assistant coach has filed a federal lawsuit claiming the franchise failed to contribute to his pension fund during his first season with the team. Jim Todd said in the lawsuit that the Hawks failed to make the annual ...more »

Gaming Law
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Legal opinion may revive ND Internet poker
BusinessWeekJanuary 6, 2012

But a new agency opinion, made public late last month, says one of the key federal laws wielded against Internet gambling -- called the Wire Act -- applies only to sports betting. Kasper and attorneys sympathetic to his cause made similar arguments six ...more »

Banking Law
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Regulators Fleeing Credit Raters Embrace Zero-Risk Greek Bonds
BusinessWeekJanuary 3, 2012

Other market-risk regulations proposed last year would impose higher capital charges on banks for government bonds they hold if their market values drop, Bean said. Those rules base capital levels on a bank's value-at-risk, an estimate of how much a ...more »

Government Construction Contracts
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The new rules in the UAE
gulfnews.comJanuary 2, 2012

What: Registering rent contracts with the Dubai Land Department (DLD) through This will be a pre-requisite to accessing other government services. Failure to comply will result in a penalty. When: Effective on new contracts registered in 2012 ...more »

Business Formation
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2 Best Soda Companies To Buy Now, 3 To Avoid
Seeking AlphaJanuary 1, 2012

In this article I will take a look at four large beverage companies, and take a more careful look at Cott Corp. (COT), the leading maker of private label soft drinks seen at grocers nationally. A table will concisely cover the numbers of the four ...more »

Institutional Investing
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Why the US May Be Your Best Bet
Wall Street JournalJanuary 3, 2012

"We think it's in a major uptrend versus other regions," says Chris Hyzy, chief investment officer of US Trust. World-wide last year, stocks lost 5.0% while bonds returned 5.5%, judging by two broad benchmarks, the MSCI World Index and the Barclays ...more »

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2011: Sun Journal Newsmaker of the Year
New Bern Sun JournalJanuary 1, 2012

Bettis said he wants to see the entire area from Trent Court to Riverside, and Ghent to the downtown area redeveloped, to reduce crime and bring in better business opportunities for a diverse population. New Bern had to become an economic driver, ...more »

China faces tough balancing act over Iran
ReutersJanuary 10, 2012

China's CNPC, Sinopec and CNOOC have either quit or scaled back investment on premium Iranian energy projects such as North Pars, South Pars gas ventures and Yadavaran oilfield, worried that they could be become targets of US sanctions. ...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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Police issue investigation guideline in protest over unfavorable ordinance
Yonhap NewsJanuary 3, 2012

The recent police guideline, apparently designed to resist the ordinance, instructs its officers to reject prosecutors' excessive intervention into their internal investigations and dismiss the prosecution's unilateral decision to order a police ...more »

Commercial Leasing
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Jackson Health System tries to get out of a messy real estate deal
MiamiHerald.comJanuary 1, 2012

Board Chairman Marcos Lapciuc, an attorney, said, “We have case law on our side.” But Migoya said Jackson might have a hard time in court, he recommended settlement. Board member Stephen Nuell, also an attorney, objected to settling. ...more »

International Transactions
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Jeffrey Smith Joins Crowell & Moring's New York Office to Bolster ...
Sacramento BeeJanuary 11, 2012

Smith currently serves on the Board of several non-profit organizations, including The Urban Assembly, the Adams Street Foundation, and Environmental Advocates of New York. He is also on the board of advisors for ECO:nomics, an annual conference hosted ...more »

Communications & Media
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GMA's ZTE cases go to Erap appointee
Philippine StarJanuary 2, 2012

On the other hand, AHI is a holding company with no experience in telecommunications,” he said. Through his lawyers, Mendoza said he is also filing a motion for judicial determination of probable cause which should be heard if his motion for ...more »

Judge doubts state health workers at legal risk
Yuma SunJanuary 5, 2012

BY HOWARD FISCHER - CAPITOL MEDIA SERVICES PHOENIX — A federal judge on Wednesday refused to tell Gov. Jan Brewer whether she can legally implement Arizona's voter-approved medical marijuana law. Judge Susan Bolton rejected the governor's argument ...more »

Construction & Development
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Hotel, restaurant development plans coming together for Bemidji's Village at ...
Bemidji PioneerJanuary 1, 2012

But other development, while expected, has not yet occurred. Construction of a new DoubleTree Hotel to be attached to the east end of the Green Mill, is expected this spring. In order to sell and market the land, the city has contracted with the HRDC ...more »

Locating Funds
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Ex-Lawyer Says Funds Helped His Fraud Continue
Wall Street JournalJanuary 3, 2012

During two weeks of depositions, Mr. Rothstein testified that pepole at the funds—Platinum Partners Value Arbitrage, Centurion Structured Growth LLC and Level 3 Capital Fund—agreed to give his law firm, in the months before the scheme collapsed, ...more »

Contracts Involving State & Minicipality
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10 reflections on 2011, hopes for new year from Morris notables
Dailyrecord.comJanuary 1, 2012

This is Gina Genovese, founder of Courage to Connect NJ, a group promoting the administrative reduction of the state's 566 municipalities. She is standing next to an 11-foot stack of placards, each with the name of a NJ municipality, which she uses in ...more »

Mergers, Acquisitions & Divestitures
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Kinder Morgan's Brightly Blazing Future
DailyFinanceJanuary 19, 2012

For the most part, then, with clarity in mind, I'll focus on the limited partnership and its operations. For the quarter, the partnership posted net income of $475 million, or $0.51 per share, compared with $409 million, or $0.42 per share, ...more »

Corporate Finance & Taxation
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ALBANY — The New Year brings a number of new laws to New York, with a series ...
Elmira Star-GazetteJanuary 1, 2012

The law requires health insurers to cover the oral medications at a cost equal to that of intravenous chemotherapy treatments. Other laws taking effect include ones that bolster the state Department of Environmental Conservation's ability to ban ...more »

Mortgages & Foreclosures
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Our Opinion: Stay in the Sunshine
Tallahassee.comJanuary 8, 2012

Naturally, there are special times when the people and the government agree that privacy is in the best interests of both. Thus, Florida's Sunshine Law on open meetings makes exceptions, for example, for investigations, student expulsion hearings or ...more »

Creditor's Rights
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Nashville People in Business
The TennesseanJanuary 1, 2012

Ryan Roller was recently appointed assistant headmaster for marketing and admissions, a newly added administrative position, at David Lipscomb Campus School. Fourteen faculty members at Vanderbilt University have been elected fellows of the American ...more »

Non-Profit Corporations
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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 »

Customs Disputes
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HMRC investigates secret perks given to football players and their families
Daily MailJanuary 1, 2012

Investigators from Her Majesty's Revenue & Customs have interviewed finance directors at Britain's richest clubs to establish the extent of benefits lavished on footballers. Officials from HMRC's High Net Worth Unit – which usually targets the tax...more »

Professional Corporations
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Three Campaign-Finance Lawsuits On the Heels of 'Citizens'
Corporate CounselJanuary 2, 2012

Federal law has prohibited corporations from contributing to candidates for federal office since 1907. The contribution ban is now contained in Section 441b(a) of the Federal Election Campaign Act of 1971. It applies to unions as well. ...more »

Debt Collection
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Schulte Roth & Zabel LLP Announces Election of New Partners and Promotion of ...
MarketWatch (press release)January 4, 2012

James Nicoll, a special counsel in the business transactions group, focuses his practice on corporate finance transactions, counseling corporate clients on compliance with the federal securities laws and on general corporate matters, venture capital ...more »

Public Offerings
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Grand juries: A vital tool or in need of reform?
Detroit Free PressJanuary 3, 2012

The sign warns: "It is a violation of state law to photograph or attempt to photograph any grand jury proceeding, judge, witness, attorney, juror, officer or any other person connected with any grand jury proceedings." The grand jury, made up of 17 ...more »

Debt Settlement
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Essential Mesothelioma Legal Advice & Treatment Option Booklet Now Offered ...
PR Web (press release)January 2, 2012

Clapper Patti Schweizer & Mason, one of the most successful mesothelioma law firms in the nation in getting significant awards for those injured by asbestos, now offers a free booklet that contains all the essential information regarding choosing an ...more »

Reorganizations & Restructuring
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Sprint Consumer, Business Divisions To Merge; 4 Executives To Depart - Reports
NASDAQJanuary 7, 2012

(S) is reportedly merging its Consumer and Business divisions in a restructuring move that is also expected to see the departure of four executives. Chief sales officer Paget Alves is expected to lead the combined functions of consumer and business ...more »

Directors' & Officers' Liability
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'Caylee's Law' leads new bills
Pensacola News JournalJanuary 1, 2012

University of Miami law professor Tamara Lave said what's most troubling to her about the proposed Caylee's Law legislation is a strict liability law, meaning it could punish those who aren't intentionally trying to commit a crime by notifying anyone ...more »

State & Minicipal Bonds
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School, law and business leaders have big year
North Platte BulletinJanuary 2, 2012

Not long after he graduated from Maxwell High School in 1990, he married and went to work on his father-in-law's ranch north of Tyron. At the ranch, he took on part-time construction jobs and within a year or two the construction work overtook the ...more »

False Advertising
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Exxon's Pursuit of Venezuelan Cash 'Not Over Yet' After Ruling
BusinessWeekJanuary 3, 2012

The separate proceeding before the World Bank's International Centre for the Settlement of Investment Disputes is “larger” than the ICC case, Patrick McGinn, an Exxon spokesman, said yesterday in an e-mailed statement. “We recognize Venezuela's legal ...more »

Trade Associations
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Hungary under pressure to change course, please EU/IMF
Reuters UKJanuary 3, 2012

Yields on 5-year and 10-year bonds jumped to around 10.40 percent, the highest since June 2009 in illiquid trade, up about 50 basis points on the day. Investors fear the government's defiance of EU and IMF demands could derail a hoped-for financing ...more »

Federal Contracts
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McCaskill touts watchdog role in re-election bid
Washington ExaminerJanuary 1, 2012

In 2008, she co-sponsored a measure that strengthened the role of inspectors general in federal agencies. In 2009, she became chairman of the new Subcommittee on Contracting Oversight, a perch she has used to target the contracting preferences given to ...more »

Unfair Competition
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BASE METALS - European Opening View - Metals lifted by better Chinese ...
FXstreet.comJanuary 3, 2012

(g) your website does not contain content that is distasteful, offensive or controversial, infringes any intellectual property rights or other rights of any other person or otherwise does not comply with all applicable laws and regulations. ...more »

Federal Grants
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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 »

Venture Capital
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AIC: Venture Capital Trusts 5, 2012

Venture Capital Trusts (VCTs) are investment companies which typically invest in unquoted shares including new shares of privately owned companies, and new shares of companies that are traded on the Alternative Investment Market (AIM) and PLUS Market. ...more »


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