Yearly Archives: 2012

Customs Aims to Tighten the Operations of Bonded Carriers

Foreign goods arriving at a U.S. port must normally first have U.S. Customs duties and other formalities satisfied before the goods can enter the commerce of the United States.  An exception exists for foreign goods destined for a foreign country

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Posted in All Advisories, Customs, International Law, Practice & Industries, Transportation

Supreme Court Limits Right to Patent Certain Medical Diagnostic Methods

The United States Supreme Court has issued an important decision limiting the ability to obtain patents on certain medical diagnostic methods.  Under the U.S. Patent laws, patents can be obtained for any new and useful process, machine, manufacture, or composition

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Posted in All Advisories, Health Care, Patents & Trademarks, Practice & Industries

Appellate Court Casts Doubt on Federal Judge Refusal to Accept SEC Consent Judgment

On March 15, 2012, the United States Court of Appeals for the Second Circuit cast significant doubt upon the validity of the November 29, 2011 ruling of a federal judge in Manhattan that rejected a proposed consent judgment negotiated by

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Posted in All Advisories, Corporate & General Business, Litigation & Alternative Dispute Resolution

Derivatives and Shipping

Many companies frequently hedge their risks to offset the uncertainties of fluctuating prices. Changes in the future price of energy, crops, and currencies are all business risks that can be subject to contractual hedges that smooth future swings in prices

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Posted in All Advisories, International Law, Shipping, Transportation

Federal Maritime Commission To Adjust Optional Bond for China Operations

The Federal Maritime Commission today issued a Notice of Proposed Rulemaking regarding the bond limits of a Non-Vessel-Operating Common Carrier who needs to do business in China. At present an NVOCC is required to carry a basic bond of $75,000,

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Posted in All Advisories, Antitrust & Competition Law, International Law, Practice & Industries, Shipping, Transportation