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

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Supreme Court reaffirms pro-arbitration stance
International Law OfficeMarch 1, 2012

In Compucredit Corp v Greenwood the Supreme Court held that claims brought under the Credit Repair Organisations Act are arbitrable and that arbitration agreements subject to the act must be enforced.(1) While Compucredit concerned domestic ...more »

Court rules on enforcement of foreign arbitral award
International Law OfficeMarch 1, 2012

The arbitration clause in the contract provided that if the defendant was the complainant in the dispute, the dispute was to be referred for final resolution to the International Commercial Arbitration Court (ICAC) at the Ukrainian Chamber of Commerce ...more »

Business Law News and Stories

Advertising
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Alumni take law into own hands over jobs 'hype'
Times Higher EducationMarch 1, 2012

So unhappy, in fact, that 15 law schools are currently facing lawsuits for fraud, unfair competition and false advertising. Among those being sued are Albany Law School, DePaul University College of Law and New York Law School. "The numbers reported by ...more »

Federal Grants
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OMB builds strategy to better target grant fraud, error and waste
FederalNewsRadio.comMarch 1, 2012

We said 'How can we refine these audit requirements in a way that makes them more powerful and more effective at uncovering potential fraud, error and waste?'" Werfel told The Federal Drive with Tom Temin how the administration plans to make grant...more »

Antitrust Law, Domestic
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Small business community says Obama corporate tax plan will only benefit a few
Washington PostMarch 1, 2012

It may not matter. It's unlikely that the Obama proposal will become law anytime soon. A big tax law change probably won't make it through Congress in an election year. But the proposal does address some concerns of small businesses.more »

Foreign Investments
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Investments in Zimbabwe are protected - Lionel October
Moneyweb.co.zaMarch 1, 2012

“Our investment protection agreement means all our investments are protected and they cannot be expropriated,” October told reporters in Cape Town today. “The bilateral agreement is law and that is sacrosanct.” Zimbabwe, which with South Africa holds ...more »

Franchising
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Choice Hotels Chooses to Collaborate with Franchisee Group
Blue MauMauMarch 1, 2012

The biggest issue hotel licensees had with Choice Hotels was a lopsided franchise agreement that allowed the franchisor to place new properties next to existing franchises with impunity — or so say the members of AAHOA.more »

Banking Law
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Facebook Eyed By Banks For Preferred Customer Treatment, Rewards
Huffington PostMarch 1, 2012

The only thing stopping banks from putting your Facebook page into your credit file is the law. But even that line is growing blurrier. One new bank says it will offer better rates to those with more Facebook friends. "[It is about] trying to convert ...more »

Gaming Law
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A Mass Effect Raffle That Made Everyone Look Like Losers
KotakuMarch 3, 2012

The attempted raffle of an early copy of Mass Effect 3 this week still bothers me, even though its owners apologized and pulled back the gimmick when they realized it would run afoul of anti-gambling laws. The raffle or its legality isn't what really ...more »

Business Formation
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Plaintiffs' lawyers spend millions in online ads. Should we care?
Thomson Reuters News & InsightMarch 1, 2012

ILR's president, Lisa Rickard, said in a press release that the report reveals trial lawyers' client-trawling tactics. "This new research shows how the practice of law in the United States has gone from a noble calling to often times a large commercial...more »

Government Construction Contracts
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GSA Greenville: Michael's RV Center Secures GSA, Will Expand to Service ...
Sacramento BeeMarch 2, 2012

... Greenville GREENVILLE, SC, March 2, 2012 -- /PRNewswire/ -- GSA Greenville is pleased to announce that Michael's RV Center Inc. has been awarded GSA Schedules 78 contract and are now certified to provide goods & services to the Federal government.more »

Business Law
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CSU Sacramento offers small-business advice
Sacramento BeeMarch 17, 2012

Services are available in all areas of business except for taxation, law and loan packaging. The center, one of the oldest of its kind in the western United States, works with about 100 entrepreneurs each year. Reader comments on Sacbee.com are the ...more »

Institutional Investing
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Tax evasion laws adequate, says expert
Brisbane TimesMarch 4, 2012

As it stands, the law allows the court to determine whether there has been a tax benefit and what was the dominant purpose of the scheme. PLANS to alter laws designed to thwart tax evasion may backfire, harming Australia's reputation for sovereign risk ...more »

Commercial
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Vague DOJ Mortgage Subpoenas Would Help Big Business Stall SEC Settlements
JDJournal.comMarch 2, 2012

However, according to lawyers, the subpoenas are so broadly worded that their scope overlaps both with previous requests of the Justice Department as well as with efforts of the Securities and Exchange Council to bring offenders to task.more »

SC tax reform proposals eliminate most sales tax exemptions
The Augusta ChronicleMarch 5, 2012

But legislators may feel compelled to act by what the chairman of the caucus' 18-member tax study committee called a perfect storm for an overhaul: a lawsuit on sales tax exemptions before the state Supreme Court, recommendations from a yearlong tax ...more »

Commercial Bankruptcy
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Thurgood Marshall Jr. named to Genesco board
The TennesseanMarch 1, 2012

“He brings to the company valuable perspectives gained from his broad experience in business, public service and the law, including a particular expertise in corporate governance and ethics." “Genesco has enjoyed great success in recent years and seems ...more »

Internal Investigative Services
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Murdoch internal watchdog seeks improved security
ReutersMarch 8, 2012

Corporate sources denied there was any connection between Lewis' consultation with the security firm and internal company frictions caused by his investigations. "Mr. Lewis has not hired a private security firm to protect his house.more »

Commercial Leasing
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The fall of Wendy Machanik
FM.co.zaMarch 1, 2012

Not only has she admitted in the commercial crimes court to being in financial distress, creditors, among them Standard Bank, the SA Revenue Service and former Netcare chairman Motty Sacks, have all moved to either own or be part of the liquidation of ...more »

International Transactions
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Drug Distributor Is Tied to Imports of Fake Avastin
Wall Street JournalMarch 7, 2012

Regulators have long struggled to curb the trade in foreign-sourced, discounted drugs over the Internet, which is popular with US consumers and difficult to police. It is a violation of US drug safety laws to ship pharmaceuticals to the US via ...more »

Communications & Media
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35 international speakers to address PRWC
Emirates 24/7March 1, 2012

... and in partnership with the National Media Council of the UAE, the three-day Congress is organised by the International Public Relations Association – Gulf Chapter (IPRA-GC) and will present the newest insights and trends in communications.more »

WiLAN Appoints Michael Vladescu Chief Operating Officer
MarketWatch (press release)March 6, 2012

Mr. Vladescu comes to WiLAN from MOSAID Technologies Incorporated ("MOSAID") where he worked for more than fifteen years in various positions related to patent licensing, portfolio development and patent prosecution. In his most recent position as Vice ...more »

Construction & Development
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Hotel tower may join skyline
Boston.comMarch 1, 2012

If approved, construction of a large development on the site would add to the recovery of the city's commercial building market, which virtually evaporated during the economic downturn. In recent months, the market has started to show signs of life, ...more »

Locating Funds
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Spanish village to raise funds with marijuana
CBS NewsMarch 1, 2012

A government official with the National Drug Plan said such planting would in fact be against the law and that prosecutors would intervene as soon as the first pot seed was sown. The village of Rasquera, population 900 and in the northeastern Catalonia ...more »

Contracts Involving State & Minicipality
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Union Ire Grows As AMR Pushes For New Contracts
Aviation WeekMarch 1, 2012

“The Railway Labor Act provides specialized procedures for peaceful resolution of labor contracts in the airline industry, and the conflict between the bankruptcy code and the Railway Labor Act's requirements has not been thoroughly adjudicated,” says ...more »

Mergers, Acquisitions & Divestitures
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Marlin & Associates Continues Expansion and Adds Industry Veteran Jonathan ...
Marketwire (press release)March 13, 2012

... including buy-side and sell-side M&A, capital raisings, leveraged buyouts, divestitures and recapitalizations. Jonathan has executed more than $100 billion of mergers and acquisitions and IPOs, LBOs and other financings during his career.more »

Controlled Substances Law
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U of A researcher explores the chemicals of street 'ecstasy'
Calgary HeraldMarch 18, 2012

Having presented his research to Health Canada, Hudson recently learned Health Canada has deemed BZP enough of a risk to propose adding it to Schedule III of its Controlled Drugs and Substances Act. Hudson hopes to conduct research on other ecstasy ...more »

Mortgages & Foreclosures
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Gov. Scott Walker signs 19 bills into law
Janesville Gazette (blog)March 22, 2012

Walker signed the 19 bills into law Wednesday. The various pieces of legislation cover issues from highway liability laws to foreclosure rules. One law changes the state's landlord and tenant guidelines by allowing landlords to immediately dispose of ...more »

Corporate Finance & Taxation
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Idaho House panel kills Internet sales tax bill
Boston.comMarch 1, 2012

February 29, 2012|AP A plan to tax Internet sales taxes in Idaho has again failed to win over state lawmakers. The latest push died Wednesday on a 9-9 vote in the House Revenue and Taxation Committee. Republican Rep. Jeff Nesset was behind the latest ...more »

Non-Profit Corporations
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Atlanta Mayor Kasim Reed's inaugural committee backing sewer tax campaign
Atlanta Journal ConstitutionMarch 2, 2012

Three weeks before Tuesday's vote, the inaugural committee, a nonprofit corporation, made a loan to Citizens for Clean Water 2012, a private advocacy group set up to get the municipal option sales tax reauthorized for another four years.more »

Creditor's Rights
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Broker William Holly files Chapter 7 bankruptcy
Bizjournals.comMarch 1, 2012

Veteran commercial real estate broker William H. Holly, who encountered financial setbacks during a stint as a developer, has filed for Chapter 7 bankruptcy. Holly returned to Cushman & Wakefield in Miami after several years with his own company.more »

Professional Corporations
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Plan for tougher tax law surprises experts
The AustralianMarch 1, 2012

THE Gillard government moved last night to protect billions of dollars in federal revenue by toughening tax avoidance laws, sparking fears it was rushing to crack down on business without fair consultation. Mark Arbib released the plan in one of his ...more »

Customs Disputes
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Inside the murky world of olive oil
The AustralianMarch 2, 2012

"There is only one law and that is the IOC law," he says, speaking by phone from Deoleo's Madrid headquarters. "The rest is voluntary. I don't need to fulfil any specific standard that isn't legal, in any other part of the world.more »

Public Offerings
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AG nominee urges challenges to 'federal encroachments'
Juneau EmpireMarch 1, 2012

Appointted Attorney General Michael Geraghty speaks to the House Judiciary Committee on Wednesday. The committee advanced Gov. Sean Parnell's pick for attorney general to a confirmation vote. By Pat Forgey Gov. Sean Parnell's nominee for the position ...more »

Debt Collection
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CFPB Opens Door to Bank-Fee Complaints
Wall Street JournalMarch 1, 2012

"Consumers need someone on their side to keep banks and credit unions accountable—that is our job at the Consumer Bureau," said the bureau's director Richard Cordray. The consumer bureau, a central plank of the 2010 Dodd-Frank financial overhaul law, ...more »

Reorganizations & Restructuring
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SingTel reorganization 'necessary' but 'challenging'
ZDNet AsiaMarch 5, 2012

The move by Singapore Telecommunications (SingTel) to restructure its business into consumer and enterprise segments shows its willingness to "change with the times" amid a difficult era for operators, says Ovum. The operator announced on Monday that ...more »

Debt Settlement
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You Were Not Vigilant in Woyome Case - Court Tells AG
AllAfrica.comMarch 2, 2012

However, the court granted the application seeking leave to amend the amended writ of summons, to ensure that issues of fraud raised would effectively be dealt with in accordance with law. A cost of GH¢2000 was, therefore, awarded against the ...more »

State & Minicipal Bonds
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Legal Services launches service for low-income entrepreneurs
St. Louis AmericanMarch 1, 2012

To provide business-oriented legal counsel to small businesses operated by low-income entrepreneurs and to non-profit organizations in underserved St. Louis communities, Legal Services of Eastern Missouri recently launched the Community Economic ...more »

Directors' & Officers' Liability
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Norman-Spencer Agency Brings Property and Casualty Insurance Products from ...
Sacramento BeeMarch 2, 2012

Over the last five years, Norman-Spencer has made several acquisitions in the marine, construction, professional liability and specialty areas including Western Marine Insurance Services, JC Stevens and Crane Insurance Solutions.more »

Trade Associations
[read all news]
US tries its luck easing online gambling stand
Turkish PressMarch 1, 2012

The opinion is a marked reversal from Washington, which previously maintained that all online wagering aside from horse racing was a violation of US federal law -- a stand which prompted a complaint at the World Trade Organization.more »

False Advertising
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TV advertising veteran stepping down
Chicago TribuneMarch 1, 2012

The ongoing transition from television to online advertising was one reason for handing the reins to Eicoff veteran Bill McCabe, complete with a guarantee nearly as strong as those in their many 800-number commercials. "Bill McCabe has been leading ...more »

Unfair Competition
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Unfair Competition By Fiduciaries Proves Costly
Mondaq News Alerts (registration)March 7, 2012

Within hours of their resignations, three of the former employees met with current GasTOPS employees and described their plans to start a new business focused on aviation maintenance software, in competition with GasTOPS. Just over a week after the ...more »

Federal Contracts
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Woodburn Press Receives GSA Schedule, Will Expand Sales To US School Systems
MarketWatch (press release)March 1, 2012

PITTSBURGH, March 1, 2012 /PRNewswire via COMTEX/ -- GSA Pittsburgh is pleased to announce that Woodburn Press has been awarded a GSA Schedule 76 contract and is now certified to provide goods and services to the Federal government.more »

Venture Capital
[read all news]
Venture capital deals
FortuneMarch 1, 2012

DFJ Growth led the round, and was joined by Meritech Capital Partners, Capricorn Investment Group, Khosla Ventures, CrunchFund and return backers Charles River Ventures, Emergence Capital, Founders Fund, Social+Capital Partnership, and US Venture...more »

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