Law

Modern Slavery Act 2015

By Merrill April, Sarah Martin and Lara Shillito, Memery Crystal

“As I often say, we have come a long way from the days of slavery, but in 2014, discrimination and inequality still saturate our society in modern ways.”
Reverend Al Sharpton.

Modern slavery encompasses slavery, forced and compulsory labour and human trafficking. The Modern Slavery Act 2015 was passed in March 2015 (the “Act”) with the aim of providing law enforcement agencies with further means to tackle modern slavery.  

Continue Reading

Law

Principles of Trade Secret Protection in California

By Robert Bleicher, Carr McClellan PC

Trade secrets, as businesses and their advisors know, are often a company’s most valuable intellectual property assets.  Protecting those assets, and avoiding claims that a company improperly used a competitor’s trade secrets when hiring a new employee or participating in a collaborative business venture, should be very high on the checklist of best management practices.  

Continue Reading

Law

Worldwide transactions using funds from illicit sources

By Dr. Jorge Marcos García Landa, Corporativo García Landa SC

What constitutes the offence of transactions using funds from illicit sources (known as money laundering)? The most accepted definition is the one approved by the 1988 United Nations Convention Against Illicit Worldwide Traffic in Narcotic Drugs and Psychotropic Substances (Vienna Convention):

Continue Reading

Law

Would you enter into a contract without counsel?

By Tracie L. Clabaugh, Offit Kurman

In this ever-changing economy, many companies try to cut costs by: (i) using verbal agreements, (ii) reusing contracts, or (iii) using "form" contracts found on the internet. Entering into a contract is a significant commitment and investment for all parties involved and you and your company need to be adequately protected. Individuals and companies should make it a point to carefully consider all of the issues involved in a transaction prior to entering into a contract.

Continue Reading

Law

Subordination Agreements and the Personal Property Securities Act (PPSA) in New Zealand

By Meryl Duval, Associate, Morrison Kent Lawyers, NZ

Should you register subordination agreements on the New Zealand Personal Property Securities Register (PPSR)? A subordination agreement is an arrangement between secured creditors where a creditor having higher priority enters into an arrangement (subordination agreement) which allows a lower priority creditor to leapfrog the higher priority creditor.

Continue Reading

Law

10 Tips for employers when sending employees abroad

By Merrill April, Memery Crystal

Sending employees overseas to international offices is becoming increasingly common in today’s business world. It is essential that the employee’s contract reflects what is expected of him or her in their new role abroad, and specifies the changes in line manager, salary, role, duration of role and other changes.

Continue Reading

Law

Turning the Tables on Patent Assertion Entities: Strategic Considerations and Tools

Robert E. Rudnick and Thomas J. Bean; Gibbons P.C.

Responding to a patent infringement allegation by a patent assertion entity (PAE) can be burdensome and resource-draining to a targeted company and its employees. Despite recent efforts by Congress and the federal courts to curtail frivolous PAE activity, companies remain prone to being targets. In fact, more than 60 percent of the roughly 4,500 patent infringement suits filed nationwide in 2014 were attributable to PAEs. In order to avoid undue burden, it is now increasingly important for target companies to understand their adversaries and develop defense strategies that provide leverage early on. One effective defense tool for generating leverage is the set of Post-Grant Proceedings (PGPs) enacted by the America Invents Act for invalidating patents before the U.S. Patent and Trademark Office (USPTO).

Continue Reading

Law

Kentucky Court Recognizes Lien Based on Stock Purchase Agreement

James Dressman, III, Dressman Benzinger LaVelle psc

In a recent decision, the Kentucky Court of Appeals sent a clear message to lending institutions. Namely, to carefully examine existing due diligence practices prior to extending financing to borrowers. The case, Fifth Third Bank v. Rogers et al., concerned five brothers that organized multiple corporations and served as their sole shareholders and directors. After the death of a brother and pursuant to the terms of an existing Stock Purchase Agreement, the deceased brother’s estate offered his stock to the corporations and remaining shareholders. After failing to elect to purchase the deceased brother’s stock, the Estate initiated an action to have the corporations dissolved and their affairs wound up in accordance with the Stock Purchase Agreement.

Continue Reading

Law

Germany introduces a statutory minimum wage

by Michael Wendler, Wendler Tremml Rechtsanwälte

On 1 January 2015, the Minimum Wage Act (MiLoG) came into force in Germany, which fixes the minimum hourly rate at €8.50. Around 3.7 million workers in the low-pay sector will benefit from the new legislation, with their wages rising as a result. A statutory minimum wage is now in force across every sector of 22 of the 28 EU member states, with the exceptions being Austria, Cyprus, Denmark, Finland, Italy and Sweden.

Continue Reading

More Articles ...

GGI Logo 70x50px

GGI Geneva Group
International AG

Schaffhauserstrasse 550
P.O. Box 286
8052 Zurich
Switzerland

Contact

T: +41 44 2561818
F: +41 44 2561811
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.ggi.com