ILN Today Post

TARK GRUNTE SUTKIENE Tallinn office advised Webmedia on sale of its holding in Zeroturnaround

TARK GRUNTE SUTKIENE Tallinn office advised Webmedia on sale of its holding in Zeroturnaround

03.08.2011

Estonia’s largest software solutions provider Webmedia sold its 35.89% stake in Zeroturnaround, the Estonian software developer known by and awarded for its programmers oriented flagship product JRebel. Webmedia´s holding was acquired by USA venture capital company Bain Capital Venture, which also purchased some shares from the other shareholders of Zeroturnaround.

TARK GRUNTE SUTKIENE senior associate Marit Savi assisted Webmedia with conducting the sale transaction.

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Droit de suite

The reports last week of the decision of the Paris High Court regarding the droit de suite (aka artist’s resale right) on the sale of certain paintings by Salvador Dali are a reminder of what is coming our way.  In less than five months the scheme will be extended to the UK, for deceased artists, under EU Directive 2001/84/EC and the Artist’s Resale Right (Amendment) Regulations.

The scheme provides for part of the sale price of works of art, sold on the art market, to be paid to the artist or his or her heirs for 70 years from the artist’s death.  The maximum amount to be paid is €12,500 per item, based on a sliding scale from 4% down to 0.25% of the price.  The UK has dragged its feet for as long as possible, with the right being introduced for living artists in 2006 and it is now to be extended for deceased artists from 1 January 2012, which will quadruple its scope.
There is a fear that the London art market will be damaged as vendors will choose to sell in countries without such a scheme, especially the US, Switzerland and Hong Kong.  That may particularly be the case where there is a collection of items to be sold.  On the other hand, selling art is expensive and the amount paid under the right may make little difference in most cases. 
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ILN Today Post

LinkedIn Tutorials – How to Set up a Profile Part I

 

Here on Zen, I talk a lot about why I love social media, and how I think it can be useful to lawyers and law firms.  Now that I’ve got you all convinced, I realize that not everyone knows how or where to start.  I’ve talked about some of the basic principles of using these tools – engage, don’t broadcast; give yourself a small window of time to use them each day, etc – but not the how-to of using them.  So I’m going to be doing a series of social media tutorials over the next several weeks to get you started, and I’m beginning with LinkedIn.

To me, LinkedIn is the most useful social media platform for lawyers, if for no other reason than it’s considered the most professional.  Because of that, most of your clients will be there, so you should be too.

Here’s a quick note – there is a LOT of information in this post, but don’t be alarmed. It will take you less time to complete your profile than it will to read through this post!

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ILN Today Post

Regulation & Compliance Update

Disclosure Regulations released

By Jon Denovan of Gadens Lawyers, Sydney

The Regulations specifying how lenders, finance brokers, and mortgage managers will make disclosure have now been released.  read more…

 

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ILN Today Post

McDonald Hopkins Managing Member, Raquel A. “Rocky” Rodriguez has been selected for inclusion in three prestigious legal rankings

McDonald Hopkins Managing Member, Raquel A. “Rocky” Rodriguez has been selected for inclusion in three prestigious legal rankings — Chambers USA, Florida Legal Elite and Super Lawyers

Miami, Florida (August 2, 2011) – Raquel A. “Rocky” Rodriguez, managing member of the Miami office of McDonald Hopkins law firm, has been selected for inclusion in three prestigious legal rankings — Chambers USA, Florida Trend’s Legal Elite and Florida Super Lawyers.

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August 2011 Update: Two Recent Georgia Banking Decisions Hold Important Lessons for Lenders

The Georgia Court of Appeals recently issued two opinions pertinent to the day-to-day operations of Georgia lenders. The following summaries of the opinions warrant review and consideration in order to avoid a number of potential pitfalls.

  1. The failure to present competent evidence as to the “regularity” of a non-judicial foreclosure sale will result in the Superior Court refusing to confirm the sale.

Summary

In what appears to be a marked reaction to the record number of property foreclosures and bank closures in the state in recent years, on June 23, 2011, the Georgia Court of Appeals barred what was previously a common practice of banks in confirming foreclosure sales. In Franklin v. First Georgia Banking Company, First Georgia Banking Company (“FGBC”) attempted to confirm three non-judicial foreclosure sales. The Court of Appeals held that FGBC presented proper evidence as to notice of sales under power and as to the true market value of the subject properties. FGBC’s evidence as to the regularity (i.e., the occurrence and outcome) of the foreclosure sales, however, was deemed insufficient because FGBC failed to present first-hand testimony or other evidence from an actual witness to the sales. The statements of FGBC’s attorney as to the occurrence and outcome of the foreclosure sales were deemed insufficient to carry FGBC’s burden because the attorney did not actually witness the sales.

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Getting the Deal Through – Mining in 35 Jurisdictions Worldwide (Australia)

For the full article, please see the attached PDF.

“Reproduced with permission from Law Business Research. This article was first published in Getting the Deal Through – Mining 2011 (published in July 2011; contributing editors Michael Bourassa and John Turner, Fasken Martineau). For further information please visit www.GettingTheDealThrough.com.”

 

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ILN Today Post

Getting the Deal Through – Mining in 35 Jurisdictions Worldwide (Papua New Guinea)

For the full article, please see the attached PDF.

“Reproduced with permission from Law Business Research. This article was first published in Getting the Deal Through – Mining 2011 (published in July 2011; contributing editors Michael Bourassa and John Turner, Fasken Martineau). For further information please visit www.GettingTheDealThrough.com.”

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Corporate Breakout Session – Anti-Corruption Laws – Around the World Part I

Following introductory comments from Alishan Naqvee, comments on the FCPA from Stuart Gerson and the UK Bribery Act from Charles Wander, the group discussed their thoughts on anti-corruption legislation in their own countries. The discussion was quite lengthy, so I’ve broken it up into multiple posts.

Sueli Avellar Fonseca began with comments about Brazil, which she noted is rated highly on the corruption scale. She said that all the public departments and politicians engage in corruption. The government had created a commission to investigate the existence of corruption and their conclusion was that there is no evidence. Despite this, over the last eight years of the current government, they have made approximately 20 commissions and these commissions are all paid duties to vote in favor of the government. 

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Family Law PILA Education Event (1.8.2011)

Sarah Ryan, Solicitor, was delighted to be invited to present on family law issues for a Public Interest Law Alliance (PILA) education event.

PILA, a project of FLAC, organised the PILA and Doras Luimni Legal Education Event which was held at the Perys Hotel, Limerick, on 21st July 2011. Sarah presented the seminar to the staff at various NGOs and community organisations. She provided information on marital and non-marital family breakdow

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