S. Korean food firms collaborate in suing Chinese imitators

Jan 05, 2022 23:47 pm UTC| Economy Business Law

South Korean food producers established a consortium to file a lawsuit against Chinese firms imitating K-food for violating intellectual property rights. The Korea Food Industry Associations consortium includes Samyang...

Judge orders reinstatement of McDonald’s union supporters purged using pandemic-related reasons

Jan 04, 2022 05:40 am UTC| Economy Law

A federal labor judge ordered the reinstatement with backpay of four McDonalds workers who had participated in a public union campaign before the pandemic who were laid off by a Connecticut franchisee in 2020. National...

Ghislaine Maxwell guilty in Epstein sex trafficking case: What the case revealed about female sex offenders

Jan 03, 2022 12:05 pm UTC| Law

British socialite Ghislaine Maxwell has been convicted for her role in luring and grooming girls to be sexually abused by the American financier Jeffrey Epstein. In a court in lower Manhattan, Maxwell a close friend of...

China's food import law worries foreign businesses

Dec 31, 2021 22:58 pm UTC| Business Economy Law

Chinas new laws now require all food importations to register with the customs authority, creating another barrier for international firms who have long complained of unfair treatment. Chinese consumers purchased $108...

South Korea court orders sale of confiscated Nippon Steel assets wartime forced labor lawsuit

Dec 31, 2021 22:38 pm UTC| Law Economy Politics

A South Korean district court branch ordered the sale of confiscated assets of Nippon Steel Corp. to compensate four Korean plaintiffs in a wartime forced labor lawsuit. The court seized the assets located in South...

Seoul court favors of Kyobo Life in put option lawsuit vs Hong Kong-based private equity

Dec 30, 2021 23:10 pm UTC| Law Economy Business

The Seoul Northern District Court has rejected Hong Kong-based Affinity Equity Partners request for Kyobo Life Insurance Co. to carry out its obligation to put option on 6 million shares in Kyobo Life at a strike price of...

Russia fines Google $98 million while penalizing Facebook $27 million

Dec 27, 2021 23:18 pm UTC| Law Technology Economy

A Russian court fined Google nearly $$98.4 million while also slapping Facebooks parent company Meta with a $27.2 million fine for failing to delete content banned by local law. The Tagansky District Court said that...