In this week’s REWIND of international business law news, a New York judge resuscitates a colonial law to allow a lawsuit against U.S. companies for doing business with the South African apartheid regime, India braces for a potential United States downgrade of its intellectual property rights classification, and New York authorities poise to charge area car dealerships in a scheme to export luxury cars to China.» Read More
This week in international business, we look at intellectual property: the saga continues between Apple and Samsung with no signs of ending any time soon, the Senate and the House both take a crack at patent reform, and a patent office opens in the Silicon Valley.
Signed into law on January 31 of this year, the New Jersey Angel Investor Tax Credit Act, also known as the Angel Act, provides tax credit against the New Jersey Corporation Business Tax (“CBT”) and the New Jersey Gross Income Tax (“GIT”) for taxpayers making qualified investments in New Jersey businesses incurring qualified research expenses that are involved in emerging technology.» Read More
The Federal Reserve released the minutes of its July meeting this afternoon (2:00 PM EST) and the board members appear to be split on when to begin tapering QE3. [Under Quantitative Easing 3 (“QE3”) the Fed has been purchasing $85 billion of bonds and mortgage backed securities each month with the goal of keeping market interest rates low to encourage economic growth.] Looking back to the aftermath of its June meeting, Fed Board Chairman Ben Bernanke noted at the time that the Fed’s decision to begin winding down bond purchases would be based primarily on the strength of the job market.» Read More
This week in international business, we cover news on the World Trade Organization’s forecast for projected trade growth in 2013, China’s new currency trade partner, Luxembourg’s bank secrecy rules, and U.S. Federal Reserve plans for stimulus-related policy of purchasing of U.S. bonds.» Read More