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

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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 »

Trade Me pushes for consumer law change
Stuff.co.nzMarch 1, 2012

Trade Me says it will continue to push for an amendment to a bill overhauling consumer law as it believes full and part-time traders should have to identify themselves as being professionals when selling goods online or at fairs, markets and car boot ...more »

Contracts News and Stories

Commercial Contracts
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N2.6trillion pension asset investment and retiree's future guarantee
BusinessDayMarch 5, 2012

Recently, Sanusi Lamido Sanusi, governor, Central Bank of Nigeria (CBN), called for the utilisation of N2.6trillion National Pension Commission (PENCOM) asset through loans at commercial rates to deepen the capital market, but added that it should ...more »

Franchise Contracts
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Des Moines Ordered to Refund $40 Million
WOIMarch 3, 2012

Since the start of this lawsuit, the Iowa Legislature passed a law saying the city could charge a franchise fee up to five percent. But for anyone over-paying between 2004 and 2009, they're going to get some money back. "The Supreme Court said yea, ...more »

Contract Disputes
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Court finds SunTrust arbitration clause enforceable
Thomson Reuters News & InsightMarch 1, 2012

By Terry Baynes March 1 (Reuters) - SunTrust Banks can use a clause in its contracts with account holders to force them to arbitrate disputes over bank overdraft fees, a federal appeals court ruled on Thursday. The clause, which prohibits account ...more »

Government Contracts
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Mozambique: Government Will Tax Sale of Cove Energy
AllAfrica.comMarch 5, 2012

The question raised by financial journalists in London is whether there is a tax stabilization clause written into the Rovuma Basin contracts, which would prohibit the government from levying new taxes. The contracts are not in the public domain - but ...more »

Secured Transactions
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Hutchinson Technology Extends Exchange Offer, Tender Offers and Rights Offering
MarketWatch (press release)March 6, 2012

HUTCHINSON, Minn., Mar 6, 2012 (GlobeNewswire via COMTEX) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) (the "Company") today announced that it has extended its previously announced exchange offer, tender offers and rights offering relating to ...more »

Contract Drafting, Review & Negotiation
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Mailbag: On carrying over salary cap room
ESPN (blog)March 1, 2012

... unused room to accommodate late-hitting incentives, a contract option or the acceleration of guaranteed money. Charlie from St. Louis asks whether the Rams might be wise to "secretly" make Sam Bradford available to teams intending to draft Griffin.more »

Mitel Reports Third Quarter Fiscal 2012 Financial Results
MarketWatch (press release)March 1, 2012

OTTAWA, Mar 1, 2012 (GlobeNewswire via COMTEX) -- Mitel (NASDAQ:MITL) , a leading provider of unified communications and collaboration (UCC) software solutions, today announced financial results for the third quarter of fiscal 2012 ended January 31, ...more »

Employment Contracts
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Looking for a reason: The Detroit Financial Review Team, its closed-door ...
MLive.comMarch 1, 2012

The Open Meetings Act is one of those sacrosanct rules that helps ensure our “government of the people” is really acting “for the people.” As US Circuit Judge Damon Keith famously said: “democracies die behind closed doors.” Given the importance of ...more »

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