Legal Industry News

The Basics On China Pharma, Part 3: Mistakes To Be Avoided.

Sunday, September 5th, 2010
Source: China Law Blog

This post is part 3 of a three part series by Robert Walsh, the founder of Samsara Biopharma Consulting, and his colleagues, Jennie Shi, Wendy Zheng, and Zhou Tong. It is a follow up to "The Basics on China Pharma" and "The Basics On China Pharma, Part 2: Getting Into China The Slow Hard Way." Here we go:

We want to remind readers that our focus in these posts has been on small-to-medium sized pharma companies looking at China, not massive multinationals. The big issue facing the smaller pharma company is that it may lack the in-house resources to set up and really manage a China market entry.

We have seen many failed approaches to China made by smaller pharma companies and we set forth some of them below in an effort to help prevent similar future failures :

1. A small publicly listed United States company has a novel drug delivery system for an older generation antibiotic, for which they have strong patents. Ignoring approaches from several reputable Mainland Chinese pharma companies, they assign to a middling-grade Taiwanese company (introduced to them by one of their early investors) the China, Korea, and SE...

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Federal Court Sides With Eminem in Royalty Dispute; Record Business Does Not Implode.

Sunday, September 5th, 2010
Source: WSJ.com: Law Blog - WSJ.com In a decision that could affect the financial relationships between record labels and performers, a federal appeals court in San Francisco on Friday ruled that songs downloaded from Apple’s iTunes store are not actually purchased, but are rather “licensed” by the ostensible buyer.

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David Levin, Burning Man Barrister

Sunday, September 5th, 2010
Source: WSJ.com: Law Blog - WSJ.com If you break laws at Burning Man, there's one guy to call.

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FDIC’s New Power to Dissolve Companies Raises Concerns

Sunday, September 5th, 2010
Source: Law.com - Newswire The Federal Deposit Insurance Corp.'s new power to take over and liquidate nonbank companies whose failure would jeopardize the financial system is intended as a "third way" between bankruptcy and bailout. But the prospect of a new regime for dissolving megacompanies -- one with almost no judicial oversight and in which creditors' rights are few -- is sending shockwaves through the bankruptcy bar. The FDIC is tackling nearly 40 major rulemakings to flesh out the details of the law, and Wall Street is waiting anxiously. Read the rest of the...

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Legal Sector Gained 1,000 Jobs in August

Sunday, September 5th, 2010
Source: Law.com - Newswire The Bureau of Labor Statistics' monthly employment report for August was released Friday and the news was still a bit glum overall -- the U.S. economy lost a total of 54,000 jobs. But the news for lawyers and legal industry employees was a bit brighter. The legal sector handed out 1,000 jobs last month, marking the second straight month of improved numbers for the industry. The country's overall unemployment rate inched up, from 9.5 percent to 9.6 percent. Read the rest of the...

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Hodgson Russ Partners Sued Over Fla. Office Closure

Sunday, September 5th, 2010
Source: Law.com - Newswire Claiming breach of contract and other charges, five former partners from the defunct Boca Raton, Fla., office of Hodgson Russ are suing top partners of the Buffalo, N.Y.-based law firm. The former Boca Raton partners insist they were blindsided by the firm's decision last year to close the office, which they claim violated their rights under the firm's partnership agreement. The shutdown came in the midst of mass layoffs at law firms nationally as the recession took its toll on client demand and legal fee collections. Read the rest of the...

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