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Monthly Archives: August 2012
Today, we’re bringing you another great rainmaking recommendation from expert Jaimie Field.
Just meeting one new person can have the potential for creating the type of legal practice you have always wanted.
Why? Because that one person can introduce you to hundreds of other people who may need your services.
Michael L. Gesas quoted in The Deal’s Bankruptcy Insider article on secured lenders and debtor sales
Arnstein & Lehr Chicago Partner Michael L. Gesas was quoted in the August 2 weekly issue of The Deal’s Bankruptcy Insider titled “Taking the wheel: Secured lenders can control debtors’ sales efforts in several ways.” The article discusses the common occurrence in Chapter 11 bankruptcies where secured lenders and creditors spearhead sales for debtors in one form or another. Mr. Gesas, who is quoted throughout the article, comments that the process of a lender controlling a sale is normally generated when a debtor is not presenting a feasible plan of reorganization or a debtor is not presenting an acceptable sale process to give a lender comfort that they’re protected.
To read the article in full, click here.
TARK GRUNTE SUTKIENE was awarded the Corporate Law Firm of the Year 2012 in Estonia by Corporate INTL Magazine.
Since 2005 Corporate INTL has been firmly established as one of the leading monthly titles for business leaders, professional advisers and providers of finance throughout the world. For more information, click HERE.
The GoI has permitted investments into India by citizens of and entities incorporated in Pakistan. The decision follows the proposal sent by the Ministry of Commerce and Industry to the Ministry of Finance on February 16, 2012.
In terms of the FDI Policy, investments from Pakistan were the only ones expressly prohibited in India, owing to concerns of the GoI over national security.
The policy revision effected on August 1, 2012 now permits citizens of Pakistan and entities incorporated in Pakistan to invest in all sectors/activities other than defense, space and atomic energy. All investments would however be subject to prior approval of the GoI, as was expected and reported in our newsletter of February 21, 2012.
The Foreign Investment Promotion Board of the Government of India (“GoI”) has finally agreed that the restriction imposed by the foreign direct investment policy (“FDI Policy”) on foreign investment in single brand retail, namely that the foreign investor shall be the brand name owner, does not apply to the Indian brands.
The FDI Policy revision, introduced in 2006, permitted foreign investment up to 51% in single brand retail trading subject to various conditions including that the brands should be “sold internationally”. During subsequent FDI Policy revisions, the following conditions/clarifications, relevant to the present discussion, were added:
In November 2011 an administration clerk at Redbridge Magistrates’ Court in Essex, became the first individual to be convicted of a personal offence under the Bribery Act 2010 (the Act) when he was sentenced to three years’ imprisonment for bribery.
However, of greater concern to companies may be the corporate offence of failing to prevent bribery by a person associated with their organisation, which carries an unlimited fine for the company, as a penalty. Below, employment solicitor Mike Tremeer of Fladgate LLP sets out 10 points for organisations to consider which will limit this risk. More…
My calendar says August, and I just don’t believe that this year has gone by so quickly! Is everyone executing on their goals that they set back in January? I’ve certainly got a big push underway with the ILN’s business development goals!
So without further ado, I’m bringing you this week’s top posts on ILNToday:
- Telecommuting: When Employees Go Too Far from Clark Wilson: Clark Wilson’s Nicole Byres talks about managing expectations with telecommuting employees in her latest post for BC Business.
1. Ohio Medicaid to be a stand-alone agency
Governor John Kasich’s administration plans to make the Office of Health Plans (Ohio Medicaid) a stand-alone cabinet level agency effective July 1, 2014. The office is currently under a division of the Ohio Department of Jobs and Family Services (ODJFS). The administration said the change is the next step in a series of Kasich reforms to improve the performance of Ohio’s $18.8 billion Medicaid program.
“Transforming the Office of Ohio Health Plans into its own department will help streamline administrative processes and allow ODJFS to focus more singularly on employment services, family assistance, child welfare, and child support,” said ODJFS Director Michael Colbert.