US$28 Million Judgment to New York Based Joy-Lud Distributors International Blocked by Russian AuthoritiesNEW YORK - Joy-Lud Distributors International, Inc., a former leading oil product distributor based in New York City, won landmark arbitration against OJSC Moscow Oil Refinery (MOR) in 2005. Joy-Lud was awarded a sum of US$28 million, which has accrued to over US$40 million. Presently the documents used by the Russian bailiffs for enforcement have been seized by local Moscow authorities and the bailiffs have failed to take any action to collect the award for over a year. Glenmark Brings to the Notice of the Authorities Irregularities of the Clinical Investigator at its Jamnagar Site in GujaratMUMBAI - - A Police Complaint has Been Lodged by Hospital Authorities Citing Fraudulent Activity by the Clinical Investigator Dr. A Bhattacharya Working at the GG Hospital and the MP Shah Medical College Johal Dairies Refused Permission to Appeal in Case Against J.N.DairiesWOLVERHAMPTON, England - - In relation to the High Court case of J.N.Dairies Ltd (Claimant) v Johal Dairies Ltd (1st Defendant) & Gurbir Singh (2nd Defendant) Norwich Vet Suspended for False CertificationLONDON - - The Disciplinary Committee (DC) of the Royal College of Veterinary Surgeons have suspended a veterinary surgeon for a period of six months for issuing two false horse passports, having found him to have been “consciously dishonest”. Perenco Warns That Suspension of its Contracts With Ecuador is Imminent due to Ecuador’s Refusal to Comply With International Arbitration Tribunal OrdersLONDON - Perenco Ecuador Limited (”Perenco Ecuador”) and its consortium partner, Burlington Resources Oriente Ltd. (”Burlington”), today announced that suspension of their participation contracts with Ecuador is imminent unless the Government of Ecuador complies with orders of two international arbitration tribunals that prohibit the Government from seizing oil produced by the consortium. UK Court of Appeal Rules in Smith & Nephew’s FavourHULL, England - Smith & Nephew’s Advanced Wound Management division (LSE: SN) (NYSE: SNN) announced that the UK Court of Appeal has ruled as invalid all claims asserted against Smith and Nephew of the patent EP 0 626 720 that is licensed to Kinetic Concepts, Inc. (NYSE: KCI). As a result, the preliminary injunction against Smith & Nephew’s RENASYS(TM)-F NPWT system has been lifted. Graphic Security Systems Corporation (USA) v. Nautilus Security (UK)LAKE WORTH, Florida - - Nautilus Security agrees to be enjoined with trial currently set for April 2010 Perenco Calls on Ecuador Not to Sell Seized Oil and to Resume NegotiationsLONDON - Perenco Ecuador Limited (”Perenco Ecuador”) today called on the Government of Ecuador to cease efforts to sell oil seized from Blocks 7 and 21 in defiance of orders by international arbitration tribunals, and instead to seek a negotiated solution to the dispute concerning the applicability of Law 42 to Blocks 7 and 21. Trimega Laboratories: Drunk Parents Risk Losing Children in Hair TestsLONDON - - With Photo Divorcing parents who embark on a hedonistic lifestyle are in danger of losing custody of their children thanks to a growing trend in hair test requests to gauge how often they get drunk. Strategic Alliance Between CPA Global and Applied Discovery Passes ‘50 Million Page’ MilestoneST HELIER, Jersey - - Clients Benefiting From Major Cost Savings in Document Review ST HELIER, Jersey, July 7 /PRNewswire/ – Perenco Will Protect Its Rights in Ecuadorian Oil Seized in Defiance of International Arbitration Tribunal OrdersLONDON - Perenco Ecuador Limited (”Perenco Ecuador”) today announced that it is prepared to take legal action against any company that purchases or transports crude oil the Ecuadorian Government has unlawfully seized. A World First - New Book: Marketing Professional Services in AsiaHONG KONG - Law and accountancy firms from the US and Europe have long considered Asia a prime market, particularly given the maturing markets of the west and the ongoing credit crisis. Unfortunately, transplanting marketing practices in Professional Service Firms (PSFs) from the west into the Asian business context is a recipe for disaster and many PSFs from Western markets have struggled in Asia or pulled out altogether. There were no resources for these firms that addressed PSF marketing in Asia, until now. Ad Hoc Group of Holders of Pearl Group Notes Concerned About Proposed Liberty TransactionLONDON - The ad hoc group (”Noteholder Group”) of holders of the 500,000,000 pounds sterling 6.5864 per cent Fixed/Floating Rate Perpetual Reset Capital Securities (ISIN Number: XS0235245205) (”Notes”) issued by Pearl Group Holdings (No. 1) Limited (”Pearl Group”) consists of many of the largest institutional investors in Pearl Group’s industry in the United Kingdom. The Noteholder Group has reviewed the announcement and related shareholder presentation, published this week, on the proposed acquisition of Pearl Group by Liberty Acquisition Holdings (International) Company (”Liberty”). The Noteholder Group is concerned that these materials do not specify how the Notes are to be treated, despite a stated plan to re-list Pearl Group and to pay dividends to shareholders, even though the most recent coupon on the Notes remains unpaid. The Noteholder Group has inquired of Pearl Group how the Notes are to be treated in connection with the proposed Liberty transaction, but there has been no response so far. Middle East Growth: Baker Botts Opens Abu Dhabi Office; Triples Lawyer HeadcountDUBAI, United Arab Emirates - - Firm Adds Partners in Dubai, Abu Dhabi; Upgrades, Expands Office Space in Region KPMG Issues Apology Statement Regarding Wahaha CaseHANGZHOU, China - On June 27, 2009, a statement was issued by KPMG Huazhen and its Guangzhou branch regarding a public apology to Suqian Wahaha Beverage Co.Ltd. and two other companies. The statement reads, “As ruled by the Intermediate People’s Court of Suqian City and the Higher People’s Court of Jiangsu province, China, the asset-takeover letter sent by KPMG Huazhen’s Guangzhou branch to Suqian Wahaha Beverage Co.Ltd., Suqian Wahaha Hengfeng Food Co.Ltd. and Suqian Wahaha Hengfeng Beverage Co.Ltd. on 16 November 2007 was a violation of China’s laws and constituted an infringement of Wahaha’s rights, KPMG Huazhen apologizes to the above three companies for the action.” Headstart Settles 2003 Dispute With the SECLONDON - Headstart Fund Ltd, Headstart Advisers Ltd, an FSA-regulated hedge fund adviser and Mr Najy Nasser, its Chief Investment Officer, today announces they have settled their dispute with the United States Securities and Exchange Commission relating to Headstart’s historic involvement in market-timing from which it disengaged in September 2003 prior to re-focusing on its other trading strategies. This will allow Headstart to concentrate on its core business as an investment adviser to offshore hedge funds and expand the business with the launch of new funds. KPMG’s Appeal Rejected by Jiangsu Higher People’s Court, Marking Danone’s Seventh Loss to Wahaha in Three MonthsHANGZHOU, China - The Higher People’s Court of Jiangsu Province recently rejected the appeal lodged by KPMG and its branch firm in Guangzhou and ruled that the original verdict shall be upheld, which marks the end of the hot “KPMG Case” — Danone vs Wahaha, as well as Danone’s 7th loss to Wahaha in three months, considering the same verdicts made for the previous “Henan Case”, “Liaoning Case” and “Trade Mark Case”. World Diamond Council Calls for Action on Kimberley ProcessWINDHOEK, Namibia - Speaking on behalf of the diamond industry, the World Diamond Council (WDC) today joined with civil society in calling on governments to renew and strengthen their commitment to the Kimberley Process. Rob Murray Joins Crowell & Moring London Office, Boosts Antitrust Litigation PracticeLONDON - In a significant move to boost its international antitrust practice, Crowell & Moring LLP’s London office has gained new partner Rob Murray, the former European managing partner of Cohen Milstein Hausfeld & Toll LLP. Murray will spearhead many of the firm’s UK and European competition litigation matters, notably involving damage claims, extending Crowell & Moring’s sophisticated, U.S.-based civil litigation practice, which successfully acts for both claimants and defendants. He will also advise the firm’s clients on the increasing civil liability risks of anticompetitive conduct. The move adds increased depth to the firm’s presence in London, as well as further strength to the firm’s broader antitrust capabilities in Brussels, Washington, D.C., California and New York. Fortis Capital Company is Pleased to Report That the Court has Ruled in its FavourAMSTERDAM - Today the court in Amsterdam delivered judgement in the summary hearing brought by Fortis Capital Company Ltd. (’FCC’) against Fortis N.V. and Fortis SA/NV (the ‘Fortis Holdings’). FCC is pleased to report that the court has ruled in its favour. Rosneft Reaches US $15 Billion Loan Agreement With ChinaMOSCOW - - Baker Botts Lawyers Counsel Russian Oil, Gas Company in Complex Oil Supply Transaction Deacons Australia to Join Norton Rose GroupLONDON - Creating one of the Best Resourced Legal Practices in Asia Pacific International legal practice Norton Rose Group today announced that Deacons Australia will join Norton Rose Group. The decision follows the completion of successful votes by the respective partnerships on 22 June 2009. The new international legal practice will be called Norton Rose Group and will take effect from 1 January 2010. DialAFlight in Court Battle Over Online LibelLONDON - DialAFlight began legal proceedings last week against four review sites who published a “malicious and libellous” article, submitted by a competitor. Gwynedd Vet Reprimanded for ‘Reckless’ CertificationLONDON - The Disciplinary Committee (DC) of the Royal College of Veterinary Surgeons last week [18 June 2009] issued a reprimand to a veterinary surgeon for reckless certification of an equine passport, having found her to have been “wholly indifferent” as to whether the horse had been vaccinated properly against equine influenza. Rita Wilson Drops Beatles Poster Lawsuit Against Melissa PearlNEW YORK - Contention over a rare vintage 1962 Beatles poster has been amicably resolved. Melissa Pearl has sold the poster to Rita Wilson, who sought the piece for her husband Tom Hanks. The poster had been the subject of a lawsuit filed by Wilson against Pearl, but Wilson’s complaint and all allegations against Pearl have been completely withdrawn. Crucial Victory in Spain for Dutch Brewery Bavaria in Trademark BattleLIESHOUT, The Netherlands - The Spanish Supreme Court has put an end to the trademark conflict between the Dutch brewery Bavaria and the Bayerischer Brauerbund. After 10 years of litigation Bavaria has finally won this battle. This victory in Spain follows on Bavaria’s recent victory in Australia. Rio Tinto Signs Legal Services Outsourcing Agreement With CPA GlobalLONDON - Major Cost Savings Projected From New Approach to Legal Work Rio Tinto today announced that it has entered into a legal services outsourcing agreement with CPA Global that is projected to save Rio Tinto up to 20% annually in legal costs. Final Judgment of Hangzhou Intermediate Court: Rejects the Application From DanoneHANGZHOU, China - Ownership of “Wahaha” Trademark Belongs to Wahaha Group After Danone Suffers 38th Defeat Free is Best Way to Make Music Piracy RedundantLONDON - We7 Champions Music Streaming in the Mainstream to Beat UK’s GBP120bn Piracy Problem Bloomsbury Sued for Copyright Infringement in Harry Potter BookLONDON - With Photo The estate of the English children’s writer Adrian Jacobs has today issued proceedings in the High Court of England against Bloomsbury Publishing Plc, the publishers of J.K Rowling’s “Harry Potter” series for copyright infringement. Court in Rotterdam Confirms NMA FineNIEUWEGEIN, The Netherlands - In the appeal procedure the court in Rotterdam has confirmed the fine of 7,9 million euros for Ballast Nedam as imposed by the NMA (Netherlands Competition Authority). Human Rights Solutions Forum Tackles Business DilemmasISTANBUL - A web-based Solutions Forum to address and discuss human rights dilemmas for multi-national corporations was launched during the Global Compact Annual Local Network Forum in Istanbul. The Human Rights Solutions Forum is produced jointly by the UN Global Compact, Maplecroft and is funded by the GE Foundation, the philanthropic organization of General Electric Company. Interflora’s Case Against M&S Heads to EuropeLINCOLN, England - Interflora’s court case against M&S (Case No: HC08C03440 ) is to be referred to the European Court of Justice. Interflora launched proceedings against M&S in December 2008 to stop M&S bidding on its protected ‘INTERFLORA’ trade mark as an AdWord on the Google search engine. Interflora’s case against Flowers Direct, brought at the same time, has been settled, with Flowers Direct agreeing to stop bidding on INTERFLORA’s brand for the time being. Vivendi Securities Class Action Notice May Affect Your RightsNEW YORK - The following statement is being issued by the law firm of Abbey Spanier Rodd & Abrams, LLP regarding the Vivendi Universal, S.A., Securities Litigation. Finjan’s Gateway Security Patent Receives Second Approval by US Patent OfficeSAN JOSE, California - Finjan Inc., a leader in secure web gateway products and the provider of a unified web security solution for the enterprise market, announced today that the United States Patent and Trademark Office (PTO) has terminated the re-examination proceedings and issued a Notice of Intent to Issue Ex Parte Re-examination Certificate (Notice) in the re-examination of its U.S. Patent No. 6,092,194 for a system and method for protecting a computer and network from hostile downloadables. The Notice indicates that all claims of this security patent have been confirmed as being patentable by the PTO. |
