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

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How to reap tax savings for selling your products abroad
Smart Business NetworkJanuary 1, 2012

You can also use an IC-DISC to provide an equity type of incentive to employees, which can serve as a motivation tool to improve productivity and increase export sales. Does a company have to be making a certain level of sales for the IC-DISC to make ...more »

Advancing 2012 Worldwide LGBT Civil Rights Marches
10 Thousand CouplesJanuary 1, 2012

In a small excerpt from that speech she says: It is a violation of human rights when people are beaten or killed because of their sexual orientation, or because they do not conform to cultural norms about how men and women should look or behave. ...more »

Business Law News and Stories

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REGION: New law bans sale of animals on public property
North County TimesJanuary 1, 2012

Sanctioned animal sales at county fairs, stockyards and markets are not subject to the new law. And the law does not apply to the sale of animals on any private property, said Ray Sotero, Lieu's spokesman. In the past, animal authorities had to witness ...more »

Foreign Investments
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Year-end tune: Hush, hush, we all fall down
Business StandardJanuary 1, 2012

Be that as it may, what the law seeks to provide for is the right of such stakeholders to file an additional action against the management of the company. The genesis of this lies in the Foss vs. Harbottle ruling, but as an exception to the rule that ...more »

Antitrust Law, Domestic
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Proposed Changes to Child Sex Crimes Laws After Penn State Scandal
EIN News (press release)January 1, 2012

Business strategies for the digital age. Free website from the Economist Intelligence Unit. Accounting, Tax & Payroll Services. Enjoy your business, leave the paperwork to us. We are certified accountants. Founded in 1995, EIN News is an international ...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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DOJ's Stance on the Wire Act is Merely an Administration's Opinion
OnlinePokerNews.orgJanuary 2, 2012

If Congress passed the DOJ's ruling into law, then the “opinion” would become permanent, but for now, it's merely opinion. An attorney who specializes in gambling laws with K&L Gates LLP in Pennsylvania, Linda Shorey, says, “An opinion of the Office of ...more »

Banking Law
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Bank robbery suspect has history of robbing banks
Dallas Morning News (subscription) (blog)January 1, 2012

The man police believe is the masked Handsome Guy robber has a history of bank hold ups. Milam previously served a two-year federal prison sentence for a pair of Dallas bank robberies in 2005. According to court records, he took $4070 from a Bank One ...more »

Government Construction Contracts
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Spain 2011 public deficit may even top 8 pct-econ min
ReutersJanuary 2, 2012

* Econ minister sees recession this quarter * Govt planning aggressive reform agenda * Debt markets unmoved in quiet trade * Half of Spaniards see recovery after 2013 By Paul Day MADRID, Jan 2 (Reuters) - Spain's public deficit for 2011 may be higher ...more »

Business Formation
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Even a giant can learn to run
Business StandardJanuary 1, 2012

The company shed multibillion-dollar businesses. It chose higher profit margins over corporate size, and expanded aggressively overseas, seeking sales, low-cost engineering talent and quicker organisational reflexes. Investors, however, haven't been ...more »

Institutional Investing
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Vetting pharma M&As out of ambit, says CCI
Times of IndiaJanuary 1, 2012

Officials told TOI that CCI has told the government that the move will be tough to defend in a court of law and can only be implemented if the government amends the Competition Act. Amid demands from domestic industry and the department of industrial...more »

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For Portland's dope king, love and mistrust
Seattle Post IntelligencerJanuary 2, 2012

Sandee Burbank, executive director of the pro-medical marijuana group Mothers Against Misuse and Abuse and one of the original supporters of the medical marijuana law, says Stanford's business defies the medicinal intent of the law and is concerned ...more »

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 »

Commercial Bankruptcy
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California cracks down on global slave labour
Calgary HeraldJanuary 2, 2012

By Noel Randewich, Reuters January 2, 2012 1:07 AM A new California law will force retailers and manufacturers to disclose how they guard against slavery and human trafficking throughout their supply chains, ratcheting up scrutiny of some of the ...more »

Internal Investigative Services
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IRS watchdog accuses agency of "bait-and-switch"
ReutersJanuary 12, 2012

The moves were a watershed breach in Swiss bank secrecy, which protects client confidentiality under law and does not consider tax evasion a crime. The investigations, growing out of scrutiny of Swiss financial giant UBS AG, are focused on Wegelin & Co ...more »

Commercial Leasing
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How to capitalize on today's market while maintaining flexibility in a ...
Smart Business NetworkJanuary 1, 2012

An experienced tenant representative can assist in managing a tenant's expectations when considering subleasing its premises, and is a valuable and cost-effective resource when seeking maximum flexibility in a commercial lease. ...more »

International Transactions
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China opposes 'unilateral' US sanctions on Iran
AFPJanuary 4, 2012

"China opposes placing one's domestic law above international law and imposing unilateral sanctions against other countries," said foreign ministry spokesman Hong Lei in response to a question about US sanctions on Iran. China and Iran have become ...more »

Communications & Media
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Meridian Communication wins Voltas AC biz
exchange4media.comJanuary 2, 2012

The media duty for Voltas ACs rests with Lintas Media Group. For the record, Voltas is among India's leading air-conditioning, refrigeration and engineering services companies. Set up in 1954, its core competencies lie in air conditioning and cooling ...more »

Clayton businessman challenges state machine gun law
News & ObserverJanuary 1, 2012

The issue now, Nielsen says, is that the sheriff is able to add rules and regulations to the permitting process that are outside of the state statutes and federal licensing laws. The machine gun permit Nielsen asked for in May 2011 was denied because ...more »

Construction & Development
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Taking Stock: Appointments, Promotions, Achievements
Wausau Daily HeraldJanuary 1, 2012

Her practice focuses on claims involving motor vehicle accidents and medical malpractice. Habush Habush & Rottier has served Wisconsin as a personal injury law firm for more than 75 years. The firm handles cases from simple auto accidents to complex ...more »

Locating Funds
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Road funds at risk in some states over safety rule
USA TODAYJanuary 2, 2012

Although tougher open-container laws have repeatedly been filibustered in Missouri, the changes needed to comply with federal standards on drunken driving sentences and commercial driver's licenses have not been controversial. ...more »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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Northeast Ohio's Top Deal Makers to be Honored at ACG Cleveland's 16th Annual ...
MarketWatch (press release)January 10, 2012

The Deal Maker Awards honor Northeast Ohio's top corporate deal makers for demonstrated success in using acquisitions, divestitures, financings and other transactions to fuel sustainable growth. The 2012 Deal Maker Awards winners are: LinCap is a ...more »

Corporate Finance & Taxation
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Earned income law has its backers, detractors
Standard SpeakerJanuary 2, 2012

Part of the reason they (the Legislature) came up with Act 32 was to increase gaming funds. The west side of the state is different. They still have the same problems." Fairchild said the new law has bad accounting rules, such as not providing a way ...more »

Mortgages & Foreclosures
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Bondi sues foreclosure rescue firms accused of defrauding customers (blog)January 5, 2012

“The laws that protect Floridians from deceptive practices and homeowners during the course of a residential foreclosure must be abided by, and I am pleased that the Court granted our motion to stop these companies from defrauding Floridians.”more »

Creditor's Rights
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Ally deems ResCap bankruptcy too risky
UPI.comJanuary 2, 2012

2 (UPI) -- US mortgage service giant ResCap, which owes Ally Bank $1.2 billion by April, will not be hip-checked into bankruptcy, sources told the New York Post. Sources said Ally will not force ResCap into court, as it would put Ally's own ...more »

Non-Profit Corporations
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Begich, Kawasaki: Corporations should not influence elections
Juneau EmpireJanuary 9, 2012

These rights include the right to speak or not speak, enter into contracts and advertise products, according to the Columbia Law Review. Corporations traditionally have been banned from voting, running for office or owning guns. ...more »

Customs Disputes
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What America's Same-Sex Couples and Our Families Gained in 2011
10 Thousand CouplesJanuary 1, 2012

Throughout the nation, we saw a variety of anti-discrimination laws passed in 2011, significantly protecting against discrimination based on gender identity. In Massachusetts, Governor Deval Patrick signed into law HB 3810, which prohibits employers ...more »

Professional Corporations
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Small Business Health Care Stuck on Hold
EntrepreneurJanuary 2, 2012

Sam Lazarus (on left) recently switched his company from a mini-med plan after his insurer said it was phasing the plan out to comply with the Affordable Care Act. Another result of health-care reform: the elimination of "mini-med" plans, stripped down ...more »

Debt Collection
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Recommended: First Thoughts: Breaking down the final Iowa poll
msnbc.comJanuary 1, 2012

Second the Civil War was about banking institutions, the North was highly industrial the South agricultural hence less income and a lower ability to control them with taxes, regulations, and currency. The large banks in the North wanted to be able to ...more »

Public Offerings
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2012 figuring to be hugely important election year for Montana
Billings GazetteJanuary 1, 2012

1, Deschamps said Republicans will turn up the heat on Bullock on issues such as his Land Board votes against natural-resource development and his refusal to join a number of other state attorneys general challenging the Obama's health insurance reform ...more »

Debt Settlement
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Judge sets settlement deadline in McAllister suit
CanadianBusiness.comJanuary 2, 2012

Everyone's trying to get it worked out," McAllister attorney Joe Roberts said of the settlement talks. He declined to comment further, saying that could be counterproductive to the ongoing discussions. An attorney for NMAC, Chad Hammons, ...more »

Reorganizations & Restructuring
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“Not subject to transfer tax”
California Catholic DailyJanuary 11, 2012

... religious organizations to restructure, the Archdiocese of San Francisco challenged an attempt by San Francisco Assessor-Recorder Phil Ting to impose a 20 million dollar transfer tax bill on an internal reorganization involving Archdiocesan parish ...more »

Directors' & Officers' Liability
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Murder trial in Australia drowning may start Feb. 13 (blog)January 2, 2012

The fight over Gabe Watson's liability in Tina Thomas Watson's death took an unusual turn in 2009 when then-Alabama Attorney General Troy King took up the Thomas family's cause in protesting what they considered to be a lenient prosecution and ...more »

State & Minicipal Bonds
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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 »

False Advertising
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An Ad Blocker Opens the Gate, Ever So Slightly
New York TimesJanuary 2, 2012

The name said it all — and each day 10 million people or so surf the Internet with Adblock Plus installed, presumably never missing the advertising they were meant to see. In December, however, Adblock Plus introduced a new concept, the “acceptable ad ...more »

Trade Associations
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Harsher penalties for illegal alcohol sales introduced
Malta Independent OnlineJanuary 1, 2012

Act XIII of 2011 became law last July after a unanimous vote in parliament, although its provisions only came into force on the strength of a legal notice. The act consists simply of a slight addition to the Trading Licence Act, adding a provision that ...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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Class Action Lawsuit Targets eBay over Proxy Bidding
AuctionbytesJanuary 11, 2012

... leading the class-action lawsuit, alleges that the longstanding system constitutes "tortious interference with the sellers' prospective economic advantage, breach of contract, violations of California's Unfair Competition Law and unjust enrichment. ...more »

Federal Grants
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State cuts put more Stanislaus County programs in danger
Modesto BeeJanuary 1, 2012

Protests a few months ago focused on fraud investigations largely funded by a state grant to be eliminated in January trigger cuts. Authorities said investigators detected fraud in 65 percent of 444 probes last year and saved an estimated $1.2 million, ...more »

Venture Capital
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Berlin's Gain Is Hamburg's Loss as VC Moves East
Wall Street Journal (blog)January 3, 2012

By Ben Rooney News that a venture capital firm is opening up an office in Berlin is hardly news these days. But the report that a German fund is shutting up shop in Hamburg and moving the entire operation east tells us a shift is under way. ...more »


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