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In the News || News Archive
Legal
News | Firm News
Legal News
New Trademark
Filing Fees
Effective January 31, 2005, the U.S. Trademark Office's fee
for filing an application electronically became $325 per international
class, a decrease of $10 per class. The fee for paper filings went
up to $375 per class, an increase of $40. This change is consistent
with the Trademark Office's recent efforts to discourage paper filings
and move toward an all-digital system.
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The New Sec
Form 8-K Rules and the Information They Can Offer About Reporting
Companies
The SEC'S new Form 8-K rules became effective on August 23,
2004. These rules apply to U.S. companies that are required to file
periodic reports with the SEC. The new Form 8-K includes 22 items,
compared to 12 items in the old Form 8-K. In general, a Form 8-K
must be filed within four business days of the event reported, compared
to five business days or 15 calendar days under the old Form 8-K
rules.
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Recent Cases
Highlight Discovery Issues In Transnational Litigation
For companies that do business internationally, it is by now
a cliché that the American legal system permits far more
extensive pretrial discovery than almost any other country's legal
system. American litigation procedures are so extensive because
they are based at least nominally on the premise that full access
to all the facts is most likely to lead to a correct and just result.
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Recent Bankruptcy
Case Raises New Hazards For Commercial Tenants and Intellectual
Property Licensees
Under section 363 of the Bankruptcy Code, a debtor in bankruptcy
under certain circumstances can, to sell assets "free and clear"
of any adverse "interest." This provision helps debtors obtain
better prices for the assets they sell, because the buyer is assured
that any claims others may have to or against the assets being sold
are extinguished.
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SEC Proposes
To Close The Window on Shell Company Mergers
Private companies that want to go public but lack the size and
track record needed to support a traditional underwritten IPO have
often resorted to a merger with a public shell company. The SEC
has now proposed: (1) to block the sale of shell company shares
to its employees and consultants without full registration under
the Securities Act of 1933; and (2) to require immediate detailed
disclosure about the newly merged company, including closing the
"71-day window" which currently allows the company to delay the
filing of audited financial statements for more than two months
after the merger.
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SEC APPROVES
CORPORATE GOVERNANCE RULES FOR THE NYSE AND NASDAQ; SOME WILL APPLY
TO FOREIGN PRIVATE ISSUERS
On November 4, 2003, the Securities and Exchange Commission
approved the proposed corporate governance rules previously submitted
by the New York Stock Market, Inc. Companies with securities listed
on the NYSE or Nasdaq must comply with the new rules by the earlier
of the first annual meeting after January 15, 2004, or October 31,
2004.
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Firm News
Siller
Wilk's European Office in Geneva, Switzerland is Open for Business
In March 2004 Siller Wilk established its first European office
in Geneva, Switzerland to accommodate its American and European
clients who have cross-border legal needs. The Geneva office is
managed and headed by Siller Wilk partner Karen Monroe, who has
more than 10 years' experience working in Switzerland. Karen is
fluent in both French and English.
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Siller
Wilk Assists in Leasing and Financing Coca-Cola Facility in Georgia
Our client Jadow Realty Company, L.P., through a wholly owned subsidiary,
has substantially completed construction of a 175,000 square foot
specialty warehouse for The Coca-Cola Company in our client's Cobb
West Business Park, Austell, Georgia. The building plus approximately
23 acres of land on which it is situated was leased to The Coca-Cola
Company pursuant to a lease dated December 4, 2003, as amended.
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Siller
Wilk LLP Assists Nielsen Media Research in leasing and later disposing
of 154,000 square feet of office space in mid-town Manhattan
In May and June of 2004, Rob Reichman and Jonathan Weiss of Siller
Wilk represented Nielsen Media Research in disposing of 154,000
square feet of office space at 605 Third Avenue, a premier midtown
New York office building, and concluded two major sublease transactions.
In one transaction, Pfizer Inc. (one of the largest pharmaceutical
companies in the world) sublet from Nielsen Media 127,000 square
feet, and in the other, Jones Day (one of the largest law firms
in the world) took 27,000 square feet.
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Karen
Monroe and Dominique Heritier Join Siller Wilk LLP
Two attorneys to be resident both in New York and in Siller Wilk's
new Geneva office.
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James C.
Kennedy and Kenneth S. Oltarsh join Siller Wilk LLP
Siller Wilk LLP is pleased to announce that James Kennedy and Kenneth
Oltarsh have joined our real estate group. Jim and Ken were partners
at Hall Dickler LLP. Jim joins us as a partner and Ken joins us
as counsel.
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Siller
Wilk LLP Assists Nielsen Media Research With $112 Million Facility
Siller Wilk LLP represented Nielsen Media Research, Inc. in connection
with the acquisition, development, and financing of its new 39 acre
corporate campus facility near Tampa, Florida.
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