Legal, Economic & Regulatory Affairs News by GLG Council Members

Recent revelations about the existence of a black-market design for a nuclear warhead originating with A.Q. Khan's organization that Iran might have obtained are disturbing.  Khan sold Iran and others technology with which to obtain the fissile material needed for a bomb.  This includes technology for centrifuge enrichment.  But besides that technolgoy, you then need to have a...

The guidelines for EPA actions may have to be amended to try & decrease the time it takes to obtain cleanup reimbursement from responsible parties!

Saves employers office space, desk space, parking space all of which can now be allocated on a shared basis. Saves employees increasingly more expensive travel costs due to rising petrol costs, road fees, and wear and tear on the human and the auto. Everything performs best in a relaxed state. less time on the road means more time to work, and less stress to work in.

State court actions on FDA issues may have a revival!Greater consideration should be given to utilizing the Supreme Court to resolve issues that Congress should have acted upon!

In this struggling economy, when companies fail their business practices will undoubtedly be microscoped!Failing financial companies will give greater support for stricter compliance with Sarbanes-Oxley & Corporate governance.

The Lafferty study indicates that forced reductions of bankcard interchange fees in Australia have not significantly harmed issuer or network profits.  This is the exact opposite of what industry representatives had predicted.  If Lafferty is on target, interchange pricing could be in for similar mandates in the US and EU.

Let us shunt aside the very real scientific disagreements that persist about the magnitude, sources, and implications of global temperature changes over the last century (ending, by the way, in 1998).  Let us ask instead what actual effects the various international proposals for reductions in CO2 emissions (not concentrations) would have.  A colleague and I did that analysis for the evolving...

Drug Companies including Pfizer, Merck, and Johnson & Johnson have agreed not to advertise newly approved drugs for their first six months. Key members of congress say this is not enough and want a two year wait. This will not only hurt pharmaceutical and advertising interests but it is bad for consumers as well.

Lyle Berman, head of Lakes Entertainment (LACO), is running a smart campaign to get voters to approve a monopoly casino for Ohio.  History is against him.  But the economic downturn is a major boost, and the timing of the area's largest employer leaving could not be better.

The tenets of Western civilization are in no way comparable to the Muslim world. There, the mosques provide the only political space. Although, in this world, they produce practically nothing, not even manage their wealth, on their own,  in Iran they’re working full-speed on nukes that will be able to hit every European city. Politicians made a distinction between “known unknowns”….things that...