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

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Man indicted on terror charges in NYC bomb case
Wall Street JournalMarch 1, 2012

The effort culminated "in the successful construction of one explosive device and the attempted construction of two others," it says. Most terror cases are federal, but this one was brought under a state terror law passed after the Sept. 11 attacks.more »

Randolph's BP deal violated state law
Tri Parish TimesMarch 1, 2012

Because BP has a financial relationship with the parish, Randolph cannot accept gifts from the company, according to state law. In the same vein, state law prohibits Randolph from entering into personal economic agreements with the company.more »

Contracts News and Stories

Commercial Contracts
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Credit default swaps are insurance products. It's time we regulated them as such.
Washington PostMarch 11, 2012

... see why they should be regulated as commercial insurance policies. Our story thus far: CDS obtained their favored status as unregulated insurance policies courtesy of the Commodity Futures Modernization Act of 2000. It was sponsored by then-Sen.more »

Franchise Contracts
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Dubai school bus law modified: What does it mean for your child?
Emirates 24/7March 11, 2012

Meanwhile and in order to optimise the application of the School Transport Law, the work teams from Franchising & Enforcement Department, Public Transport Agency reported that 1887 offences of different types were reported against 224 schools (78 ...more »

Contract Disputes
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Focus: Unconditional undertaking's purpose must be clearly expressed
Allens Arthur RobinsonMarch 5, 2012

In the absence of clear words to the contrary in the contract's terms, and in the undertaking itself, an unconditional undertaking operates as a risk allocation device as to which party is to be 'out of pocket' pending the resolution of a dispute...more »

Government Contracts
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Appoint, inaugurate NCPP, Senate tells Jonathan
BusinessDayMarch 1, 2012

“It is disturbing that the operations of the BPP have not resolved the challenges that characterised the procurement process in the Federal Government contract award due to partial execution of the Act. “The Federal Government could be professional, ...more »

Lending Agreements
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Car Repossessed? You Still Have Rights!
Patch.comMarch 1, 2012

In most finance agreements or lease agreements, the lending company has the right to repossess your vehicle if you miss your monthly payments. We all know someone that has had a car repossessed. The towing company finds the vehicle somewhere and next ...more »

Contract Drafting, Review & Negotiation
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Warriors trade Monta Ellis to Bucks for Andrew Bogut, Stephen Jackson
Inside Bay AreaMarch 14, 2012

Most of the season was lost to injury and the situation berthed a feud with then-Warriors president Robert Rowell, who suspended Ellis for 30 games and threatened to void Ellis' contract. In 2009, he opened the season by criticizing the drafting of ...more »

Secured Transactions
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Kronos Worldwide Announces Fourth Quarter Results
Reuters (press release)March 6, 2012

During the third and fourth quarters of 2011, we also repurchased in open market transactions an aggregate EUR40.8 million principal amount of our Senior Secured Notes for an aggregate of EUR40.6 million. The Company's year-to-date results in 2011 ...more »

Employment Contracts
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San Francisco Business Times by Hannah Albarazi, Intern
San Francisco Business TimesMarch 2, 2012

Simao 'Sim' Avila became a lawyer to create social justice in the world around him. It was a natural outgrowth of his years studying philosophy and existential phenomenology at St. Patrick's College and law at Santa Clara University.more »

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