Posted by Orintia Daniels. Bankrupt: “(of a person or organization) declared in law unable to pay outstanding debts.” According to dictionary.com, this adjective simply means that a particular person or organization is in debt and owes money to another organization or person. I have came across an article called “How do I declare Bankruptcy?” which explains …
Author Archives: blogbusinesslaw
Lucent Technologies and the FCPA
Posted by Yuanda Xu. In 2003, Lucent Technologies decided to fire the CEO, COO, Financial Executive and marketing manager in China. Lucent did this because company in China bribed the Chinese officials to get more benefits. As expected, Lucent fired these four people, and paid $2.5 million to settle charges. The company paid a $1 …
Tesla Can Sell Directly to Consumers in NJ
It is now legal for Tesla and other manufacturers of zero-emission cars to sell directly to customers in New Jersey. Tesla’s business model includes selling its battery-driven cars from its boutique stores. One of them is located in Short Hills Mall, Short Hills, NJ. Customers are free to learn about the vehicles through interactive displays …
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Former General Counsel of South Florida Law Firm Sentenced for Fraud
Posted by Connie Huang. According to Merriam Webster dictionary, fraud is “the crime of using dishonest methods to take something valuable from another person; a person who pretends to be what he or she is not in order to trick people; [or] a copy of something that is meant to look like the real thing in …
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Sembcorp Marine Finance Director Sentenced to Prison
Posted by Yuanda Xu. On Oct. 30, 2014, Sembcorp Marine’s finance director Wee Sing Guan was sentenced to 39 months in prison for falsifying the accounts of the group’s Jurong Shipyard, Sembcorp’s wholly owned unit. The company lost “hundreds of millions of dollars’ worth of marked-to-market losses that Wee had incurred on foreign exchange and options trades …
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Mihran Naltchayan Archives – Blog Business Law – a resource for business law students
Posted by Mihran Naltchayan. Watching the news earlier, I heard a report that the juvenile ages among the states in the United States are all different. I always thought that any person eighteen or younger is considered a juvenile. That is a false assumption on my part. In New York, Connecticut, and North Carolina, a juvenile …
Protecting the First Amendment
Posted by Danielle Lindsay Feoranzo. In the United States, freedom of speech is protected by the First Amendment. It is a prized right and the courts have protected this right to the fullest extent. As Americans in a democratic country, we have the power to speak our minds to ensure we can voice our political opinions …
Hungary for Love: The Battle For Copyright Protection
Posted by Arleen Frias-Arias. After reviewing an article posted December 16, 2014 by Madeline Boardman for Us Magazine, I found interesting the development of this case. A singer named Mitsou is suing singers and celebrities Beyoncé and Jay Z, for mismanagement and stealing. The Hungarian singer has a song called “Bajba, Bajba Pelem,” which allegedly Beyoncé …
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HSBC Offices Raided Over Money Laundering Allegations
Posted by Connie Huang. HSBC is a bank with locations in Europe. Two branches raided on or about February 18, 2015 by Swiss authorities are located in Geneva. They raided the banks, because the banks are accused of money laundering. Money laundering is “a financial transaction scheme that aims to conceal the identity, source, and …
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AT&T Hit with $100 Million Fine Over Unlimited Data Plans
Posted by Randy Gomez. In Business Law class, I learned about business ethics and how an entity should behave as a good citizen. In this article that I found online, it explains how the Federal Communications Commission fined AT&T 100 million dollars for slowing down data speeds to some customers. According to the FCC, AT&T violated …
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