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REWIND: International Business News #39

Posted on October 5th, 2012 | Author: admin

  • Law firms are setting up shop in the technology hub of San Francisco in order to court promising new start-ups.  The firms offer services from free advice to early stage ventures to the representation of top-shelf companies in initial public offerings.  The law firms have also taken measures to reduce costs for young entrepreneurs by providing free standardized forms online and offering pro bono work if a start-up becomes a client.
  • A preliminary injunction issued in June on the sales of the Samsung Galaxy Tab 10.1 was lifted in the California federal court after the jury found that the product did not violate an Apple patent on tablet design.  However, the jury did find that the tablet infringed other Apple patents on which the injunction was not based.  The parties have made post-trial motions with Apple opposing lifting the ban and requesting increased damages award and a permanent block on the sale of similar infringing Samsung products.  Samsung has moved to eliminate the damages award and all sales bans on its products.  Meanwhile, Samsung also filed a patent infringement lawsuit against Apple’s iPhone 5, escalating the global legal war between the two brands.
  •  Immigrants are founders in one quarter of U.S. technology start-ups a new study by the Kauffman Foundation finds.  The results could support further calls to relax immigration rules as immigration reform and the economy are key issues in the presidential elections.  The study’s author suggested the creation of an entrepreneur’s visa or start-up visa.
  • In his first visit to Russia, Facebook founder Mark Zuckerberg worked to enhance relations with Russia, which represents a test case for Facebook as it looks to enter countries that traditionally are heavily regulated and at times censored.  Zuckerberg met with Prime Minister Dmitri Medvedev, a technology lover who balances his support of the Internet and its commercial potential with attempts by the government to subtly control its use for political organization.  Social media sites like Facebook have served dual roles as a tool for friends to connect and share silly photos, as well as a tool for promoting political activism. For now, the internet in Russia is mostly free and unfettered.  Earlier this month, Facebook continued to make inroads in the Russian market by partnering with one of Russia’s mobile phone operators to provide a free application to subscribers.