Monthly Archives: June 2012

ILN Today Post

"How investing in compliance programs can mitigate risk," Bruce Reinhart for Smart Business Magazine

How investing in compliance programs can mitigate risk
Bruce Reinhart interviewed by Smart Business Magazine

Coping with government enforcement actions is disruptive, expensive and potentially crippling to your corporate image and brand. There is growing evidence that robust corporate compliance programs lead to lesser punishment. Nevertheless, many businesses lack proper internal controls and mishandle crisis situations, says Bruce Reinhart, member, McDonald Hopkins.

Smart Business spoke with Reinhart about the benefits of strong compliance programs and the consequences of breaking the law. 

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ILN Today Post

Week of June 25, 2012 on ILNToday – A Roundup

Another week has flown by here, and we’ve got some great articles for you this week – the ILN is lucky to have some of the smartest attorneys out there commenting on SCOTUS’s decision from yesterday, so be sure to check out those posts!

Also, my sister’s wedding last weekend was absolutely beautiful. For a peek at some of the photos, feel free to check out the shots that I took in between maid of honor duties.

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ILN Today Post

Intellectual Property & Life Science Bulletin

Amendment of the Reimbursement Law with respect to incentives and contracting concerning reimbursed products

On 14 June 2012 the Polish Sejm (Parliament) adopted an amendment to the contentious Law on medical activity of 15 April 2011, which also amends other legal acts, including the no less contentious Law of 12 May 2011 on the reimbursement of medicinal products, foods for special nutritional uses and medical devices (“Reimbursement Law”). The President of Poland signed the amendment on 27 June 2012, so that it can enter into force on 30 June 2012. More…

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ILN Today Post

Abolish The Privy Council, Easier Said Than Done

We are only half way through the year 2012 and The Bahamas is on course to repeat or even supersede its record breaking murder rate set in 2011. This heart wrenching wave of
violence has touched the lives of every Bahamian in some way or the other. As of late many dinner table discussions and civic round table debates have been dominated by the idea of judicial reform; more precisely the question of whether or not The Bahamas should abandon the UK based Privy Council as its final Court of Appeal. More…

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HIT OR MISS?

VC firms have been funding, and M&A transactions should continue to increase in the health information technology (HIT) sector

“We are gearing up!”  I heard this statement and other similar statements from many VC firms when I recently attended “The World Congress Annual Leadership Summit on Mergers & Acquisitions in the Health Care” in Orlando, Florida.  Consistently, panelists and attendees at the conference noted that VC firms are funding for M&A transactional opportunities within the heath information technology (or HIT) sector.  According to many managing directors who spoke at the conference, there will be many such transactions because many hospitals and health systems throughout the country may need to update their older systems to keep up with emerging technologies that allow for better care for patients.  During 2012, many VC firms have been involved in numerous HIT deals.  For the remainder of 2012 and beyond, those firms are forecasting a wave of new technology, which should include, in addition to a complete overhaul of computer systems, an expansion of new applications to run on those computer systems in order to better help providers and patients within the healthcare sector.  Strong M&A activity within the healthcare provider IT market should continue as a result of solid demand for quick, efficient technologies and lower healthcare costs.

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ILN Today Post

Texas Adopts Learned Intermediary Doctrine

The Texas Supreme Court rendered judgment in favor of Centocor, Inc., the pharmaceutical manufacturer subsidiary of Johnson & Johnson, in a landmark decision involving the learned intermediary doctrine, Centocor, Inc. v. Patricia Hamilton, Thomas Hamilton and Michael G. Bullen, M.D. (No. 10-0223). The International Association of Defense Counsel (IADC), which often weighs in on signficant jurisprudential issues before appeals courts, filed an amicus brief requesting that the Court reject the direct-to-consumer advertising exception to the learned intermediary doctrine that had been recognized by the intermediate appellate court.  Porter Hedges LLP  filed the brief on IADC’s behalf.

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ILN Today Post

Payment Services Directive – the way forward

Just a couple of years ago the use of payment instruments in the European Union (EU) varied significantly. Each member state used its own standards and practices in the respective market. The difference of payment service regulation was a serious obstacle in the cross-border payment market. The EU Payment Services Directive 2007/64/EC (PSD) in 2007 was the first step seeking to create a more efficient and secure path for a pan-European payment market.

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ILN Today Post

B&F newsletter, summer 2012

PAYMENT SERVICES DIRECTIVE – THE WAY FORWARD

Just a couple of years ago the use of payment instruments in the European Union (EU) varied significantly. Each member state used its own standards and practices in the respective market. The difference of payment service regulation was a serious obstacle in the cross-border payment market. The EU Payment Services Directive 2007/64/EC (PSD) in 2007 was the first step seeking to create a more efficient and secure path for a pan-European payment market.

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ILN Today Post

Ohio Statehouse Update: Week in Review — June 29, 2012

 

1. Reactions from state leaders on the Supreme Court ruling

In response to the U.S. Supreme Court’s decision to uphold the federal health care law, state leaders released statements.

Governor John Kasich and Lt. Governor Mary Taylor released a joint statement on the ruling. Taylor is the head of the Department of Insurance, which would take the lead should the state decide to establish an exchange.

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ILN Today Post

How to Get Your Firm Blogging – A Webinar Re-cap

Today, while everyone is posting about the SCOTUS decision to uphold the PPACA, I thought I’d talk about Adrian Dayton’s webinar to the Legal Marketing Association’s Social Media Special Interest Group.

Adrian’s webinar focused on “how to get your firm blogging,” and the invitation to the SIG members described the session as: 

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