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No 'Doublemint' Pleasure for Global Franchisors
The globalization of American franchise networks is one of the hallmarks of franchising's explosive growth during the past three decades. The International Franchise Association (IFA) notes that during the past decade, almost half of all units established by U.S. franchisors were situated outside of this country. Approximately 500 U.S. franchise networks have a global presence. McDonald's, now in 119 countries, features more than 10,000 foreign franchises; 7-Eleven, more than 18,000; YUM! Brands Inc. (Pizza Hut/KFC/ Taco Bell/A&W/ Long John Silvers) more than 11,000 (adding 1,000 new restaurants a year during the past 3 years); and, InterContinental Hotels Group (the franchisor of Holiday Inns, InterContinental Hotels, and Staybridge Suites) nearly 1,000.
However, a recent intellectual property decision handed down on Oct. 23, 2003 by the European Court of Justice threatens not only established American franchisors doing business on that continent, but those thinking of joining their ranks.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.