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South Korea: Establishment of Rules on Management of and Procedures for the Consent Decree System
Antitrust Convictions Don't Mean End of Job for Some Executives
Some executives are going to prison for price fixing -- and then returning to work at their old companies. Unlike other areas of corporate crime, where the Justice Department encourages companies to get rid of offending executives, antitrust prosecutors pointedly refrain from meddling with personnel at companies that plead guilty. In fact, the antitrust division's amnesty program encourages companies to keep implicated executives on the payroll so they can rat out other companies' price-fixing participants.Asia Deal Digest: January 12, 2012
Paul Hastings lands a meaty mandate from a Chinese state-owned company; White & Case helps Indonesia trim down its deficit; and Gilbert + Tobin and Freehills advise as an African miner takes over an Aussie resources rival.Law Firm Jobs in South Korea No Longer a Sure Thing
South Korea's Chosun Ilbo reports that a growing proportion of the nation's newly qualified lawyers are failing to find work. Korea's Judicial Research and Training Institute told the newspaper 34 of the 978 lawyers in its 2009 class remain unemployed -- compared to just three unemployed at the same time last year. The problem may seem miniscule compared to the level of joblessness among U.S. lawyers, but it is causing concern in a nation where lawyers have long enjoyed exalted status.Skadden, Brobeck Help Pair of Tech Companies Team Up
InterTrust Technologies Corp., a Santa Clara company that licenses intellectual property for digital rights management, has agreed to a definitive merger with Fidelio Acquisition Co., which was formed by Sony Corp. of America and Royal Philips Electronics. The proposed deal is worth $453 million. Attorneys in the Palo Alto offices of Skadden, Arps, Slate, Meagher & Flom represented InterTrust in the acquisition. Lawyers in the East Palo Alto office of Brobeck, Phleger & Harrison represented Philips.Trending Stories
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