Mondaq Business Briefing articles from May 2007

Mondaq Business Briefing archives from May 2007

White Collar Fraud.
May 1, 2007... White collar fraud otherwise known as occupational fraud and abuse can affect any business from an SME through to a large multi-national company. All it takes is one person within the business to use their position for personal enrichment...

U.S. Court Decision Clarifies Recognition Of Cayman Liquidations.
May 1, 2007... Introduction Since the decision of Judge Drain of the U.S. Bankruptcy Court for the Southern District of New York in the case of In re SPhinX Ltd., et al, Chapter 15, Case No. 06-11760 ("SPhinX") in mid-2006, there has been justifiable...

Piggybacking On China's Phenomenal Growth: Prospects For The Philippines.
May 1, 2007... China's market size, workforce, and economic power presents many opportunities for the Philippines. The late great United States Senator James E. Watson, in reference to his numerous battles in the august halls of the US Senate, once said,...

The Benefits Of Conformity.(International Financial Reporting Standards)
May 1, 2007... As communications companies across Asia Pacific continue down the path of transition to International Financial Reporting Standards (IFRS), they face the same wide array of opportunities and challenges as other operators. On the plus side, they...

H-1B Lottery Held: Winners to Be Notified Soon.
May 1, 2007... U.S. Citizenship and Immigration Services (USCIS) has announced that on Thursday, April 12th, a random selection process, or "lottery," was conducted to select the H-1B petitions that will be allowed to proceed to final processing under the...

Massachusetts Division Of Insurance Issues Notice Implementing The Massachusetts Health Care Reform Act's "Insurance Nondiscrimination" Rule.
May 1, 2007... Over the past year, we have been focusing on those provisions of the Massachusetts health care reform act-Chapter 58 of the Acts of 2006, An Act Providing Access to Affordable, Quality, Accountable Health Care (the "Act")1-that affect...

OIG Advisory Opinion Approves Credit Card Rewards Program.(Office of the Inspector General)
May 1, 2007... On April 3, 2007, the Office of the Inspector General ("OIG") posted an Advisory Opinion (No. 07-03) regarding the use of rewards from credit card issuers for the benefit of a residential health care facility and its employees. The requestor...

FTC And DOJ Release Report On Antitrust Enforcement And Intellectual Property Rights.
May 1, 2007... On April 17, 2007, the Federal Trade Commission and Department of Justice issued a long-awaited joint report on Antitrust Enforcement and Intellectual Property Rights. The 220-page Report is the result of years of research by the DOJ and FTC,...

National Competition Law Report - Q1 2007 - Switzerland.
May 1, 2007... Investigations Enquiry into Practices of Telekurs in the Payment Terminals Market Telekurs Multipay provides services permitting the payment of goods and services by credit and debit card. A feature of such services is "Dynamic...

Energy @ Gowlings - April 2007.
May 1, 2007... Edited by Paul Harricks Contents 2007 Federal Budget - Non-Tax 2007 Federal Budget - Tax 2007 Ontario Budget - Non-Tax 2007 Ontario Budget - Tax IESO - The Ontario Reliability Outlook 2007 Gowlings Lawyer...

Offer For License Or Offer For Litigation?(MedImmune Inc. v. Genentech Inc.)(SanDisk Corp. v. STMicroelectronics Inc.)
May 1, 2007... The Good Old Days (for Patent Holders) For decades a patent owner has been free to correspond with potential licensees without the fear of a declaratory judgment action. A patent holder could contact a potential licensee and detail an...

Top 10 Issues In Licensing Technology From Universities.
May 1, 2007... By Kingsley L. Taft and Laurie A. Burlingame Many successful products on the market today began as embryonic inventions in university research laboratories. Gene splicing, magnetic resonance imaging and atomic microscopy, for example, all...

Update On Global Efforts To Fight Movie Piracy.
May 1, 2007... Recent reports from the Motion Picture Association of America ("MPAA") calculate total losses to the studios from piracy at around $6 billion annually and total losses to the global motion picture industry (including domestic and foreign...

In Global IP Disputes - Don't Let Your Lawyers Slavishly Apply A Legal 'Test' - ("KSR v Teleflex" (2007) US Sup Crt).
May 1, 2007... Take home On 30 April 2007, the US Supreme Court handed down its long awaited (and unanimous) decision in KSR v Teleflex. Lawyers love bullet point tests that they can apply when advising clients about intellectual property. Such tests...

Will New Election Rules Increase Claims Against Public Authorities?
May 1, 2007... Local Government elections are taking place on 3 May 2007. New ward boundaries mean that of the 312 authorities in England over half have elections for all three council posts. Additional obligations imposed on local authorities and councils...

Privilege, And This Time We Mean It.(Reynolds v Times Newspapers)
May 1, 2007... In 1999, the House of Lords in Reynolds v Times Newspapers Limited recognized a privilege defence for public interest journalism. Liberalising the law doesn't always achieve the desired effect, however, and in the more recent Jameel v Wall...

More Exceptions To Simple Rules In IP Strategy (US Supreme Court Says No To Extraterritoriality) - ("Microsoft V AT&T" (2007) US Supreme Court).
May 1, 2007... Take home On 30 April 2007, the US Supreme Court handed down its long awaited decision in Microsoft v AT&T. It's usually safe to assume that because IP rights must be granted by each country, then infringement of a particular IP Right...

You Tube, You Lose?(YouTube Inc. and Viacom Inc., MySpace.com Inc. and Universal Music Australia Proprietary Ltd. cases for the copyright infringement )
May 1, 2007... Ask yourself this question the next time you press play to watch a video shared on the Web. It seems that the more we want to exchange information, news, and other entertainment on the Web, the more it becomes apparent that our Australian...

New Model Code Of Conduct Order.(local governments new code of conduct order)
May 2, 2007... So it finally arrived. After a consultation running from 22 January to 9 March 2007, it eventually slipped quietly in beneath the radar of many in local government just before the Easter break on 4 April 2007 and will take effect on 3 May 2007....

Bias,Tightrope-Walking And The Monitoring Officer.(cases of monitoring officer and counselors)
May 2, 2007... If a policeman's lot is not a happy one, it seems a monitoring officer's is not much better. As keeper of the corporate conscience the monitoring officer must advise fearlessly on the law the way s/he sees it. And doing so robustly (also known...

Veil Threat Removed.(case of employee termination due to wearin of veil at workplace solved)
May 2, 2007... Kirklees Council has been praised by the Employment Appeal Tribunal (EAT). This was for the 'measured, careful and sensitive way' in which a headteacher and the Education Authority handled a difficult issue concerning a devout Muslim bi-lingual...

Freedom Of Information.(Freedom of Information Amendment (Open Government) Act 2000 (Draft) its application and evaluation)
May 2, 2007... Introduction The Freedom of Information Act 2000 ("FoIA") came into force on 1 January 2005. It had a broad ambit, granting anyone living anywhere in the world the right to request information held in any form from more than 100,000 public...

Back To The Future - Exploring The Options For The 21st Century North Sea.(oil fields production data of North sea )
May 2, 2007... "A new breed of low cost operators had begun to move in and take on this ageing asset base which was failing to attract the level of investment required to sustain production." A few years ago, many thought the North Sea to be in terminal...

Internal Audit Controls Assurance - Adding Value And Controls Assurance In Social Housing.(Deloitte & Touche LLP )(Company overview)
May 2, 2007... "To support your annual Statement of Internal control, you need an effective Internal Audit Function which maximises assurance whilst adding value to operational processes." Deloitte & Touche LLP is the UK member of Deloitte Touche...

IAS 39 Modelling.(IAS 39 Financial Instruments Recognition and Measurement)
May 2, 2007... An example of evaluating the amount of risk and reward transferred and retained in a transfer in accordance with IAS 39 Financial Instruments Recognition and Measurement Measuring the relative amount of risk retained by the transferor will...

Obtaining Security For Costs: Piercing That Corporate Veil.
May 2, 2007... Security for costs can be viewed in two ways. Either it provides some degree of costs protection to those faced by claims from apparently impecunious companies or it is a device wielded against smaller companies designed to stifle genuine...

2006 Year In Review: Abuse Of Dominance And Other Reviewable Practices, Marketing And Advertising And Other Developments.(Abuse of Dominance Provisions of the Competition Act)(anti-competitive act)
May 2, 2007... By Angela Di Padova, Huy A. Do, Mark A.A. Warner and Mark D. Magro ABUSE AND OTHER REVIEWABLE PRACTICES The Canada Pipe Case: New Life for the Abuse of Dominance Provisions of the Competition Act The Federal Court of Appeal...

Composite Wood Products "Across-the-Board" Face New California Limits On Formaldehyde.
May 2, 2007... California has imposed stringent new limits on formaldehyde emissions from composite wood products and finished goods. The new standards will apply to manufacturers, distributors, importers, fabricators, and retailers. The regulations will cap...

APRA Releases Final Prudential Standards And Guidance For Life Insurance.(Australia. Prudential Regulation Authority)
May 2, 2007... The Australian Prudential Regulation Authority (APRA) has released final prudential standards and guidance on risk management and business continuity management for the life insurance industry, including friendly societies. The standards...

Tempted By "Deferred Prosecution"? Watch Out for Answered Prayers.(deferred prosecution agreement)
May 3, 2007... A deferred prosecution agreement, or DPA, seems to make a lot of sense for a company under investigation by federal prosecutors. Cooperate and the government may not go after you. Don't cooperate and it will. That's what Arthur Andersen learned...

Briefing Update: Mobile TV.
May 3, 2007... "Mobile TV" refers to the service that allows consumers to receive television and radio content on mobile phones and other portable devices. It is rapidly growing in popularity. This year has seen the results of some trials on mobile TV...

International Client Alert, April 2007.
May 3, 2007... Commerce Implements Some WTO Zeroing Findings The Department of Commerce ("DOC") recently concluded section 129 proceedings to recalculate the original dumping margins in 12 cases in order to implement a WTO Appellate Body decision on...

Key Changes In Patent Reform Act Of 2007.
May 3, 2007... by David R. Bailey of Woodcock Washburn LLP The latest proposed patent reform legislation - the Patent Reform Act of 2007 - is a pared down version of the 2005 proposal, but still contains provisions that are likely to spark heated debate...

The Delivery Challenge For The Next Government - From Targets To Engagement.(Company overview)
May 3, 2007... The delivery challenge for the next government Despite significant successes, the improvement in public services has lagged behind public perceptions. Deloitte believes that the conventional top-down target-driven approach has reached the...

Latin American LNG Market Holds Both Risks And Rewards.(Industry overview)
May 3, 2007... Originally published in Oil and Gas Financial Journal, February 2007. Any deal structure should focus on defining all possible risks and weighing investment potential against the considerable risk factors. The LNG market in Latin...

Bad Law: The Legacy Of California's Botched Power Market.
May 3, 2007... This article was originally published in Electric, Light and Power, April 2007. Law school professors routinely assign judicial decisions for analysis that achieved notoriety before being decided, or surrounding which the competing...

Conditions Becoming Favorable For U.S. Nuclear Power Plants.
May 3, 2007... This article was originally published in Houston Business Journal, March 2007. The changes that have already taken place mean that the questions now becomes one of how big the upsurge in nuclear power will be and how soon will it begin....

Precautions That Pay Off - Risk Management And Valuation Practices In The Global Hedge Fund Industry.
May 3, 2007... Foreword The hedge fund industry is at a crossroads. It has undergone tremendous growth, but with growth has come growing pains. Competition has become more intense; an increasing percentage of new investments is coming from funds of hedge...

Don't Dilute The Value Of Your Trade Mark.
May 3, 2007... and Joycia Young In this Intellectual Property Update we consider whether minor amendments and changes might be diluting the value of your company's trade mark in the long term. We examine the legal implications of changes to your...

Transmission Of Business Under WorkChoices.
May 3, 2007... Introduction The Federal Government's new workplace relations laws, introduced by the Workplace Relations Amendment (WorkChoices) Act 2005, came into force amid much fanfare on 27 March 2006. WorkChoices substantially amends the...

Pentagon Formally Proposes Limits On "Predatory Lending" To Soldiers.
May 3, 2007... On April 11, the U.S. Department of Defense ("DOD") published proposed regulations prohibiting certain lending practices directed at members of the Armed Forces and their dependents. The Secretary of Defense must promulgate a final regulation...

U.S. House Committee Holds Hearings Regarding Industrial Bank Legislation.(Company overview)
May 3, 2007... Contents U.S. House Committee Holds Hearings Regarding Industrial Bank Legislation FRB Proposes Amendments to Five Regulations to Clarify Requirements for Electronic Consumer Disclosures FinCEN Delays Implementation of Revised SAR...

Positive Progress For International Equity Markets.
May 3, 2007... International equity markets, as measured in US Dollars by the Morgan Stanley Capital International World Index (MSCI), made positive progress during most of the first quarter of 2007, gaining 2.06%. Currency movements continued to play an...

Supreme Court Extends Federal Preemption To National Bank Operating Subsidiaries.
May 3, 2007... In a 5-to-3 decision announced April 17, the U.S. Supreme Court ruled that federal preemption of state regulatory laws applies to national banks' operating subsidiaries to the same extent as it applies to national banks themselves. The ruling...

Data Retention Directive.
May 3, 2007... This article first appeared in the April edition of Data Protection Law & Policy, published by Cecile Park Publishing Ltd. 1. Introduction This article provides a brief explanation of the key provisions of the Data Retention Directive...

Bond Markets Fare Better In US Compared To Europe.
May 3, 2007... Global Fixed Interest Bond markets have fared better in the US than those in Europe or the UK, as renewed fears of stalling economic growth suggest that the Federal Reserve may be forced to ease monetary policy as soon as this summer. More...

Landlords, CVAs And The Powerhouse Case - The Judgement.(company voluntary arrangement)
May 3, 2007... We have been keeping you informed of progress of the challenge to the Powerhouse CVA by a number of high profile landlords. The High Court ruled today,1 May 2007 that the CVA proposed was fundamentally flawed because it "unfairly prejudiced"...

Court Of Appeal Refuses Summary Enforcement Of Adjudicator's Decision.(summary judgement in Lead Technical Services Ltd. vs CMS Medical Ltd. case)
May 3, 2007... There are exceptional cases where adjudicators' decisions are not readily enforced by the courts. These include where it is appears that the wrong body appointed the adjudicator, or the adjudicator decided a dispute under the wrong construction...

Oops I Did It Again! - Supreme Court Reverses Federal Circuit, This Time On Obviousness.(KSR International v. Teleflex Inc.)
May 3, 2007... On April 30, 2007, a unanimous U.S. Supreme Court issued its holding in KSR International v. Teleflex, reversing the U.S. Court of Appeals for the Federal Circuit's decision that the patent at issue was not invalid for obviousness. In doing so,...

The Legend Of The Golden Master Lives On-Supreme Court Limits The Reach Of s.271(f).(Microsoft Corp. v. AT&T Corp.)
May 3, 2007... Continuing a string of reversals of U.S. Court of Appeals for the Federal Circuit decisions, on April 30, 2007, the U.S. Supreme Court once again reversed the Federal Circuit in Microsoft Corp. v. AT&T Corp. Justice Ginsberg delivered the...

Review Of The SEC Proposed Amendments To The Broker-Dealer Financial Responsibility Rules.(Securities and Exchange Commission)
May 3, 2007... The Securities and Exchange Commission (SEC) has published for comment proposed amendments to various broker-dealer financial responsibility rules.1 Comments on the proposed amendments are due on or before May 18, 2007. A more detailed summary...

Perspective: Even In Net Litigation, It's All About Location.
May 3, 2007... The Web site DontDateHimGirl.com allows women to make anonymous postings about specific men. So it was that a defamation lawsuit got filed with respect to statements made on the site about one particular man. But the case was just...

Major Changes To Australia's Foreign Investment Screening Requirements.
May 4, 2007... Foreign investors in Australia should be aware of recent regulations which have raised the examination thresholds under the country's Foreign Acquisitions and Takeovers Act 1975 (FATA). The FATA gives the Treasurer, acting on the advice of...

ATO Changes View On Construction Withholding Tax.(Australian Taxation Office )
May 4, 2007... The Australian Taxation Office (ATO) has released a ruling (TR 2006/12) which explains its view of the operation of the construction withholding tax provisions. What is construction withholding tax? Construction withholding tax was...

On Same Day, Supreme Court Renders Two Important Patent Decisions: Clarifying Standard For Obviousness And Extraterritorial Reach Of U.S. Patents.(KSR International Co. vs. Teleflex Inc.)(Microsoft Corp. vs. AT&T Corp.)(patent infringement cases)
May 4, 2007... Supreme Court Rejects Rigid Application of "Teaching, Suggestion, or Motivation" Test in Favor of Expansive and Flexible Approach to Obviousness Inquiry KSR International Co. v. Teleflex Inc., et al., No. 04-1350 In an April 30, 2007...

Misleading Investors - The Royal Court Of Jersey Delivers An Important Judgment.(United Kingdom. Financial Services Commission)
May 4, 2007... In Jersey Financial Services Commission v Alternate Insurance Services Limited & Others [2007] JRC048 the Royal Court of Jersey (Commissioner R Southwell QC and Jurats Le Brocq and Georgelin) delivered a very significant judgment concerning...

Recent Developments In Immigration Law.
May 4, 2007... USCIS Announces H-1B Cap Has Been Reached As reported in our previous Alert, on April 3, 2007, U.S. Citizenship & Immigration Services (USCIS) announced that, due to extreme demand, the H-1B cap for Fiscal Year 2008 was reached. Annually,...

The Federal Circuit Jettisons Reasonable Apprehension DJ Standard In Light Of Medimmune.
May 4, 2007... Reacting to a footnote comment in the Supreme Court's recent decision in MedImmune, Inc. v. Genentech, Inc., (IP Update Vol. 10, No. 1) the U.S. Court of Appeals for the Federal Circuit recently reversed two district court cases granting...

District Courts Have Broad Discretion To Hear A Declaratory Judgment Action.(Cellco Partnership v. Broadcom Corp.)
May 4, 2007... Heralding the SanDisk and Teva cases (issued shortly after Cellco), the U.S. Court of Appeals for the Federal Circuit affirmed the district court's decision to dismiss the declaratory judgment action filed by Cellco Partnership, while at the...

Prosecution Victory Leads To Litigation Defeat.(Liebel-Flarsheim Co. v. Medrad Inc.)
May 4, 2007... The U.S. Court of Appeals for the Federal Circuit affirmed the district court's grant of summary judgment in favor of defendant, holding the patent in suit invalid for lack of enablement and anticipation. Liebel-Flarsheim Co. v. Medrad, Inc.,...

Final Section 409A Regulations and Severance Pay.
May 4, 2007... Introduction The IRS recently published final regulations under Section 409A of the Internal Revenue Code (the "Final Regulations"). As interpreted by the Final Regulations, Section 409A applies to many types of plans and agreements,...

FERC Approves CAISO Financing Mechanism Removing Barriers To Renewable Resources.(Federal Energy Regulatory Commission, California Independent System Operator Corporation)
May 4, 2007... Originally published in Powell Goldstein LLP's Energy Alert, May 2007 On April 19, 2007, the Federal Energy Regulatory Commission ("FERC") granted the California Independent System Operator Corporation's ("CAISO") petition for a...

CMS Clarifies Emergency Services Requirements For Hospitals.(Centers for Medicare and Medicaid Services)
May 4, 2007... Originally published in Powell Goldstein LLP's Health Alert, May 2007 On April 26, 2007, the Centers for Medicare and Medicaid Services (CMS) issued a memorandum to state survey agency directors clarifying the regulatory requirements for...

Patents Now Harder To Get, Easier To Invalidate.
May 4, 2007... The United States Constitution gave Congress the power to grant patents to promote the progress of science and useful arts. On Monday, the Supreme Court, overruling precedent from the Federal Circuit, made clear that in order to promote such...

Antitrust Agencies Release Intellectual Property Report, Cover Little New Ground.
May 4, 2007... Nearly five years after they held joint hearings on the intersection of antitrust and intellectual property, the Federal Trade Commission and Department of Justice have issued a report on the topic. Although touted as providing the first...

New Superior Court Decision Creates Split In Authority About What Happens To Pending Appeals When Town Reaches 10% Subsidized Housing Threshold.(Taylor vs Housing Appeals Comm.)
May 4, 2007... Earlier this month, Mintz Levin's Housing Practice Group issued an advisory regarding an Appeals Court decision that potentially undermined Chapter 40B by keeping alive an abutter group's original appeal of a comprehensive permit to construct...

VAT Focus - A round-up Of Recent VAT-related Developments, May 2007.(value added tax)
May 4, 2007... Should investment trust management be exempt from VAT? The Advocate General (AG) of the European Court of Justice (ECJ) has released her opinion in the case of JP Morgan Fleming Claverhouse. The taxpayer had argued that the management...

Impact Of 2007 Federal Budget On Trade Issues.
May 6, 2007... Article by Prakash Narayanan and Lindsay Bunt, [c] 2007, Blake, Cassels & Graydon LLP Originally published in Blakes Bulletin On International Trade, April 2007 Through long-term proposals in the areas of infrastructure,...

New Timing Paradigm In Canada For Merger Review: The Labatt Decision.
May 6, 2007... [c] 2007, Blake, Cassels & Graydon LLP Originally published in April 2007 Timing and certainty of closing are critically important in transactions involving public companies, in deals involving foreign jurisdictions where only part of...

The Good And The Bad: Selected Highlights From The Final 409A Regulations.
May 6, 2007... United States Department of the Treasury (Treasury Department) and Internal Revenue Service (IRS) issued the long-awaited final regulations under Internal Revenue Code Section 409A on April 10, 2007. For the most part, the final regulations...

Alliancing In Hong Kong.
May 7, 2007... In recent years there has been a significant shift from traditional adversarial contracting towards project delivery based on proactive, collaborative relationships. Alliance contracting has become increasingly common in Australia and the...

Contractors Pursue Liability Caps For Major Property Projects.
May 7, 2007... A trend is emerging where contractors are aggressively pursuing limitations to their liability in larger scale commercial property construction contracts. While a settled market position is not yet apparent, there does seem to be a...

Final Regulations Issued For Nonqualified Deferred Compensation; Immediate Action Required.
May 7, 2007... The Internal Revenue Service has issued long-awaited final regulations on nonqualified deferred compensation arrangements in which employers delay payment of wages or salaries earned by an employee in one year to a later year. The regulations...

SEC Adopts Rules To Facilitate Exit From U.S. Exchange Act Registration & Reporting Requirements.
May 7, 2007... On March 27, 2007, the U.S. Securities and Exchange Commission (SEC) adopted new rules intended to facilitate the process by which non-U.S. companies may terminate the registration of their securities under the U.S. Securities Exchange Act of...

Supreme Court Issues Groundbreaking Ruling Making It Easier To Invalidate Patents As Obvious.(Law overview)
May 7, 2007... Longstanding Federal Circuit "Teaching-Suggestion-Motivation" Test No Longer the Exclusive Way to Show Obviousness The Supreme Court issued a major new decision on patent law today, creating uncertainty about whether existing patents might...

Communications Law Bulletin, April, 2007.
May 7, 2007... The Month in Brief In April, legal developments in our industry came from sources as diverse as the Congress, the States, the Federal Trade Commission and the U.S. Supreme Court. Among other news, the Federal Communications Commission...

European Tax Bulletin For Real Estate Funds.
May 8, 2007... This bulletin aims to highlight key tax issues which may be of importance to real estate funds and investors. Denmark: Corporation tax rate reduction proposed in tandem with restriction on interest deductions A draft bill was published...

Finnish Investment Now Less Taxing.
May 8, 2007... Originally published in IFLR the 2007 Guide to Private Equity & Venture Capital Real Estate Investments in Finland Strong economic growth, high liquidity in property markets, high degree of transparency and highly competitive economy...

The Burden Of Proof In Discrimination Cases.
May 8, 2007... In Madarassy v Nomura International plc (2007), the Court of Appeal has clarified the correct approach to applying the burden of proof in sex discrimination cases, with wider application to all discrimination claims. The bare fact that there is...

Good Leavers, Bad Leavers And Age Discrimination.(laws on employee age discrimination )
May 8, 2007... Article by Robert Hill and Nick Dent Employee share schemes Frequently discriminate, either directly or indirectly, on the grounds of age. Here we consider the impact of the new age Discrimination legislation on good leaver/bad leaver...

Waterworks: How To Realize The Most Value From Your Water Rights.
May 8, 2007... For more than 100 years, it has been clear that a landowner in Texas also owns the groundwater relating to that land. This right has taken on new importance as the demand for groundwater throughout our state has increased and the...

Changes To AIM Rules - Companies.
May 8, 2007... Changes to the AIM Rules came into force on 20 February 2007. The changes follow a strategic review of the operation of AIM, including an assessment of AIM's regulatory structure. The changes are intended to address concerns that the...

Cosmetic Changes At Sears.(Sears, Roebuck and Co. looses bid)
May 8, 2007... Sears lost its bid to force suppliers of Dior and Givenchy cosmetics to keep supplying it when the Competition Tribunal denied it leave to bring an application under the Competition Act's refusal to deal provisions in March 2007.1 Sears...

International Graduate Scheme.
May 8, 2007... The International Graduate Scheme ("IGS"), launched by the Home Office on 1 May 2007, has replaced the Science and Engineering Graduates Scheme ("SEGS"). IGS is a transitional route that will enable non-EEA students who have successfully...