contracts

Three Former Financial Services Executives Convicted for Roles in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds

A federal jury in New York City today convicted three former financial services executives for their participation in conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts



  • OPA Press Releases

contracts

Army Sergeant and Associate Convicted on All Counts for Roles in Bribery and Money Laundering Scheme Related to Defense Contracts to Support Iraq War

A federal jury in Elkins, W. Va., convicted Richard Evick, a U.S. Army Sergeant First Class and Non-Commissioned Officer in charge of contracting at a U.S. military base in Kuwait, and his associate, Crystal Martin, of all counts with which they were charged in connection with a bribery and money laundering scheme related to defense contracts awarded in support of Operation Iraqi Freedom.



  • OPA Press Releases

contracts

Former Financial Services Executive Indicted for His Participation in a Far-Reaching Conspiracy and Scheme to Defraud Involving Investment Contracts for the Proceeds of Municipal Bonds

A former financial services executive was indicted yesterday for his participation in a far-reaching conspiracy and scheme to defraud related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

contracts

Three Former UBS Executives Convicted for Frauds Involving Contracts Related to the Investment of Municipal Bond Proceeds

A federal jury in New York City today convicted three former financial services executives for their participation in frauds related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

contracts

Three Former Financial Services Executives Sentenced to Serve Time in Prison for Roles in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds

Three former financial services executives were sentenced today in U.S. District Court for the Southern District of New York, for their participation in conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

contracts

Former U.S. Army Major Sentenced to 18 Months in Prison for Bribery Scheme Related to Department of Defense Contracts in Kuwait

A former U.S. Army Major was sentenced today to 18 months in prison for his participation in a bribery scheme related to his activities as a contracting official in Camp Arifjan, Kuwait, in 2005 and 2006.



  • OPA Press Releases

contracts

United States Sues Houston-based KBR and Kuwaiti Subcontractor for False Claims on Contracts to House American Troops in Iraq

The United States has filed a civil complaint against Kellogg, Brown & Root Services Inc. (KBR) and First Kuwaiti Trading Company for submitting inflated claims for the delivery and installation of trailers to house troops in Iraq.



  • OPA Press Releases

contracts

Kentucky-Based Defense Contractors, Owners Agree to Pay $6.25 Million to Resolve Allegations That They Submitted False Statements and Claims to Obtain Army Contracts Intended for Small Businesses

Kentucky-based Lusk Mechanical Contractors and Commonwealth Technologies, and their owners, Harry Lusk and Wendell Goodman, have agreed to pay $6.25 million to resolve allegations that they submitted false statements to the Small Business Administration and false claims to the Army, the Justice Department announced today.



  • OPA Press Releases

contracts

Former Financial Services Broker Sentenced to Serve 18 Months in Prison for Role in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds

A former financial services broker was sentenced today in U.S. District Court for the Southern District of New York, for his participation in conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

contracts

Georgia Men Plead Guilty to Bribing Official to Secure Government Contracts

Two men employed by a machine products vendor in Albany, Ga., have pleaded guilty to bribing a public official working for a military organization at the Marine Corps Logistics Base Albany (MCLB-Albany) to secure contracts for machine products



  • OPA Press Releases

contracts

Georgia Woman Admits to Taking Bribes for the Award of Government Contracts

A former employee at the Marine Corps Logistics Base Albany pleaded guilty today to receiving bribes related to the award of contracts for machine products.



  • OPA Press Releases

contracts

Security Contractors Plead Guilty in Virginia to Illegally Obtaining $31 Million from Contracts Intended for Disadvantaged Small Businesses

Executives at two Arlington, Va.-based businesses have pleaded guilty to fraudulently obtaining more than $31 million in government contract payments that should have gone to disadvantaged small businesses.



  • OPA Press Releases

contracts

Justice Department Files Motion to Dismiss Antitrust Lawsuit Against Blue Cross Blue Shield of Michigan After Michigan Passes Law to Prohibit Health Insurers from Using Most Favored Nation Clauses in Provider Contracts

The Department of Justice today filed a motion to dismiss its antitrust lawsuit against Blue Cross Blue Shield of Michigan after the state of Michigan passed a law that prohibits health insurers from using most favored nation clauses in contracts with health care providers.



  • OPA Press Releases

contracts

Three Georgia Residents Sentenced for Their Roles in Bribery Scheme Related to the Award of Government Contracts

A former employee at the Marine Corps Logistics Base Albany (MCLB-Albany) and two local businessmen were sentenced today for their roles in a bribery scheme related to the award of contracts for machine products that resulted in approximately $907,000 in fraudulent overcharges to the U.S. Marines.



  • OPA Press Releases

contracts

Three Former UBS Executives Sentenced to Serve Time in Prison for Frauds Involving Contracts Related to the Investment of Municipal Bond Proceeds

Three former financial services executives were sentenced today in U.S. District Court for the Southern District of New York for their participation in frauds related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

contracts

Northrop Grumman Corp. Pays $11.4 Million to Resolve Allegations That It Improperly Charged Costs to Government Contracts

The Justice Department announced today that Northrop Grumman Corp. has paid the United States $11.4 million to settle a government claim for penalties provided under the Federal Acquisition Regulation (FAR) and False Claims Act allegations stemming from its failure to abide by a 2002 settlement agreement with the Defense Contract Management Agency (DCMA).



  • OPA Press Releases

contracts

Former Bank of America Executive Pleads Guilty for Role in Conspiracy and Fraud Involving Investment Contracts for Municipal Bonds Proceeds

A former Bank of America executive pleaded guilty today for his participation in a conspiracy and scheme to defraud related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts.



  • OPA Press Releases

contracts

Virginia-Based Contractor to Pay $6.5 Million to Settle Allegations of False Claims on Navy Contracts

Vector Planning and Services Inc. (VPSI), an information technology, systems engineering, program management and consulting firm headquartered in Chantilly, Va., has agreed to pay the government $6.5 million to settle False Claims Act allegations that the company inflated claims for payment under several Navy contracts.



  • OPA Press Releases

contracts

Two Ocean Shipping Companies to Pay $3.4 Million to Settle Claims of Price Fixing Government Cargo Transportation Contracts

Sea Star Line LLC and Horizon Lines LLC have agreed to resolve allegations that they violated the False Claims Act by fixing the price of government cargo transportation contracts between the continental United States and Puerto Rico.



  • OPA Press Releases

contracts

California-Based Masonry Companies Pay Nearly $1.9 Million to Settle Claims of Misrepresenting Disadvantaged Small Business Status in Connection with Military Contracts

Five California-based masonry subcontractors and two individuals paid the government nearly $1.9 million to resolve allegations that they violated the False Claims Act by misrepresenting their disadvantaged small business status in connection with military construction contracts.



  • OPA Press Releases

contracts

Former Executive Director of Virgin Islands Legislature Charged with Bribery and Extortion in Award of Government Contracts

The former executive director of the Legislature of the Virgin Islands was indicted today by a federal grand jury in the Virgin Islands for accepting bribes and engaging in extortion in the award of contracts with the Legislature.



  • OPA Press Releases

contracts

The Terms They Are A-Changin'...: Watching Cloud Computing Contracts Take Shape


EXECUTIVE SUMMARY

Many web services are examples of cloud computing, from storage and backup sites such as Flickr and Dropbox to online business productivity services such as Google Docs and Salesforce.com. Cloud computing offers a potentially attractive solution to customers keen to acquire computing infrastructure without large up-front investment, particularly in cases where their demand may be variable and unpredictable, as a means of achieving financial savings, productivity improvements and the wider flexibility that accompanies Internet-hosting of data and applications.

The greater flexibility of a cloud computing service as compared with a traditional outsourcing contract may be offset by reduced certainty for the customer in terms of the location of data placed into the cloud and the legal foundations of any contract with the provider. There may be unforeseen costs and risks hidden in the terms and conditions of such services.

This document reports on a detailed survey and analysis of the terms and conditions offered by cloud computing providers.

The survey formed part of the Cloud Legal Project at the Centre for Commercial Law Studies (CCLS), within the School of Law at Queen Mary, University of London, UK. Funded by a donation from Microsoft, but academically independent, the project is examining a wide range of legal and regulatory issues arising from cloud computing. The project's survey of 31 cloud computing contracts from 27 different providers, based on their standard terms of service as offered to customers in the E.U. and U.K., found that many include clauses that could have a significant impact, often negative, on the rights and interests of customers. The ease and convenience with which cloud computing arrangements can be set up may lull customers into overlooking the significant issues that can arise when key data and processes are entrusted to cloud service providers. The main lesson to be drawn from the Cloud Legal Project’s survey is that customers should review the terms and conditions of a cloud service carefully before signing up to it.

The survey found that some contracts, for instance, have clauses disclaiming responsibility for keeping the user’s data secure or intact. Others reserve the right to terminate accounts for apparent lack of use (potentially important if they are used for occasional backup or disaster recovery purposes), for violation of the provider’s Acceptable Use Policy, or indeed for any or no reason at all. Furthermore, whilst some providers promise only to hand over customer data if served with a court order, others state that they will do so on much wider grounds, including it simply being in their own business interests to disclose the data. Cloud providers also often exclude liability for loss of data, or strictly limit the damages that can be claimed against them – damages that might otherwise be substantial if a failure brought down an e-commerce web site.

Although in some U.S. states, in E.U. countries and in various other jurisdictions the validity of such terms may be challenged under consumer protection laws, users of cloud services may face practical obstacles to bringing a claim for data loss or privacy breach against a provider that seems local online but is, in fact, based in another continent. Indeed, service providers usually claim that their contracts are subject to the laws of the place where they have their main place of business. In many cases this is a US state, with a stipulation that any dispute must be heard in the provider’s local courts, regardless of the customer’s location.

Perhaps the most disconcerting discovery of the Cloud Legal Project’s survey was that many providers claimed to be able to amend their contracts unilaterally, simply by posting an updated version on the web. In effect, customers are put on notice to download lengthy and complex contracts, on a regular basis, and to compare them against their own copies of earlier versions to look for changes.

The cloud computing market is still developing rapidly, and potential cloud customers should be aware that there may be a mismatch between their expectations and the reality of cloud providers' service terms, and be alive to the possibility of unexpected changes to the terms.

Downloads

Authors

  • Simon Bradshaw
  • Christopher Millard
  • Ian Walden
Image Source: Natalie Racioppa
     
 
 




contracts

Player wages and contracts will bankrupt EFL clubs: it's time for the PFA to act | Mark Palios

A radical solution is needed and the PFA has the money and the power to step in and help clubs that have no income for the foreseeable future

Last month I said the EFL was entering the most critical period in its history as it struggled to respond to the abrupt cessation of football. What we have seen since has elegantly illustrated the game’s inability to act decisively to protect professional football’s future. This is not a criticism of the individuals involved in negotiations, who are trying their best, but reflects structural flaws that prevent cohesive action. Put simply, it is clear the EFL and Professional Footballers’ Association cannot bring the key counter-parties to the table.

The first phase was characterised by the fight for cash given the disappearance of gate-related income. Although there was relatively swift agreement that a player wage deferral would help, it has been left to clubs and players to agree arrangements. Some players have deferred, some have not, and and the scale varies from club to club. The outcome was, in my view, too little and too late for many clubs.

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contracts

Fireside Press Cancels Multiple Contracts

Posted by Victoria Strauss for Writer Beware®

Last week, the SFWA Contracts Committee issued this advisory.
SFWA Contracts Committee Advisory on No-advance Contracts

Recently, SFWA's Contracts Committee was made aware of a situation in which a well-liked publisher canceled the publication of a number of books it had contracted to publish. The publisher said the decision was made because of "unexpected changes" at the company. The Committee has reviewed the contract in use, which lacked a provision for such a cancellation. The Committee believes that canceling a contracted book that satisfies the author’s obligations is at odds with the spirit of the contract. Making this situation worse is the fact that these were no-advance contracts. Because no advance was paid, the publisher could make this decision without financial penalties. The authors' books, were, in effect, put in limbo for many months and the authors received nothing but an apology. Besides depriving the authors of the ability to sell the books elsewhere during this delay and putting off any income from the books into the indefinite future, the authors careers suffer as a result.

Publishers of all sizes may find themselves unable to live up to their contractual commitments for a wide variety of reasons, some of which could not have been reasonably anticipated. Hence, the Contracts Committee urges writers to think carefully about signing a contract that provides no advance, or only a nominal advance, while tying up their work for a lengthy period of time. Critically, payment of an advance gives an indication the publisher actually has the financial resources to meet its obligations. Publishers who do not pay advances or pay only nominal advances should include language in their contracts specifying how they can cancel a book and what happens if they should cancel a book, including a specified amount of compensation to the author.

SFWA Contracts Committee
October 25, 2019

Legal Disclaimer: The contract alert should not be understood to be legal advice. The issues presented by contract law are complex. Authors should consult a competent attorney familiar with the business of publishing as well as contract law before signing any contract.
The publisher in question is Fireside Press.

The cancellations were first reported on October 8 by Jason Sanford in his Genre Grapevine column, and discussed on October 9 in Mike Glyer's File 770. Fireside publisher Pablo Defendini issued a statement on October 8, in which he revealed that the five canceled contracts were for manuscripts that were "unpublished and unannounced", and attributed the cancellations to disruptions caused by editorial departures.

Author Meg Elison, one of the canceled authors, did not find this to be a sufficient explanation...and she was livid.



A few days later, Defendini issued an apology. "I can see now how [the cancellation emails] read as callous, uncaring, and dismissive of the authors’ feelings," he wrote. "I’m very sorry for that....My behavior was not consistent with Fireside’s values, and I deeply regret it."

Beyond the Contracts Committee's general warning about no-advance contracts (and if you're part of the small press world, you know how common these are): multiple simultaneous contract cancellations are not frequent or normal, and can signal trouble beyond whatever the publisher offers as an explanation (if it explains at all). Ditto for a publisher that suddenly starts offering to revert rights on request.

Fireside's situation also highlights the risks of signing with a publisher that's essentially a one-person operation (as Defendini admits in his apology). With the best will in the world, the publisher can be sidelined by a single bad event (personal or professional), leading to glitches, errors, and delays in scheduling, payment, and more. Writer Beware's files are stuffed with such stories.

Troubled publishers do recover, or at least hang on. Month9, which canceled dozens of contracts in 2016, is still publishing, as is Permuted Press, which axed an undisclosed number of titles in 2015 (both publishers cited overstocked lists, though in both cases there were other issues as well). In the short term, though, if a publisher is or has been actively shedding writers, it's best to hold off on submitting until it's clearer what's going on.




contracts

Tax-News.com: UAE Clarifies Tax Rules For Contracts Agreed Prior To VAT

The UAE's Federal Tax Authority has issued guidance on whether a supplier or consumer is liable for VAT on goods or services for contracts negotiated before VAT was introduced.




contracts

Tax-News.com: Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts

Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance.




contracts

Base Prices for Contracts




contracts

Why do Russian firms use fixed-term and agency work contracts?

This study looks into the use of fixed term contracts and agency work in Russia during and shortly after the crisis 2009 10 with the help of an enterprise survey.




contracts

Why do Russian firms use fixed-term and agency work contracts?

This study looks into the use of fixed term contracts and agency work in Russia during and shortly after the crisis 2009 10 with the help of an enterprise survey.




contracts

Non-standard contracts, flexibility and employment adjustment: empirical evidence from Russian establishment data

This paper examines the use of two forms of non-standard work contracts in Russia with data from an enterprise survey for the years 2009 to 2011. Non-standard work contracts are less costly and more flexible for employers. Internal adjustment in form of wage cuts or unpaid leave is not covered by the Labour Code and earlier practices to impose such measures are less tolerated.




contracts

Tesco broke the law by making landlords sign 'exclusivity' contracts to block rival supermarkets

Tesco, Britain's biggest retailer, has prevented competitors from opening supermarkets in 23 locations in the UK, the Competition and Markets Authority watchdog said.




contracts

Central contracts are the fairest way to save rugby

CHRIS FOY - WORLD OF RUGBY: English rugby needs to adopt a central contract system as the game addresses the financial problems which have been exposed by this lockdown.




contracts

India INX all set to launch INR-USD futures and options contracts – here’s what it means and why it’s important

India INX, India’s first international exchange is all set to launch INR-USD futures and options contracts on May 8.This is expected to help the Reserve Bank of India (RBI) reduce the volatility in the value of the Indian rupee and avoid a repeat of the 2013 taper tantrum when the rupee tumbled by 20%.In April 2019, London surpassed Mumbai in Rupee trades, totaling $46.8 billion against $34.5 billion in India, essentially ceding control to foreign players. India’s first international exchange, India INX is all set to launch INR-USD futures and options contracts. This will help the Reserve Bank of India (RBI) in curbing the influence of foreign trade centers like Dubai and Singapore in the Rupee derivatives trade.Initially recommended by the Dr. Usha Thorat Committee in 2019, the Rupee derivatives




contracts

Saqib Mahmood, Craig Overton and Olly Stone receive ECB bowling contracts

While the trio will remain contracted by their respective counties, the majority of their wages will be paid by the ECB in exchange for influencing their match availability and fitness programmes.




contracts

Khloe Kardashian reveals Kendall and Kylie Jenner have different KUWTK contracts than Kardashians

Sunday's episode documented a confrontation between Kim and Khloé had with Kourtney who refused to share her about her romantic relationships on the show.




contracts

Premier League clubs to vote this Monday on plans to extend players' contracts until end of season

EXCLUSIVE BY MATT HUGHES: The defining vote on whether to resume the season will not take place until May 18, a week on Monday, amidst continued in-fighting between the clubs.




contracts

British Airways wants ALL staff not laid off to sign new contracts

The beleaguered carrier has reportedly asked staff to sign contracts that would allow the airline to fire them without negotiation. It has also warned it could withdraw from major UK airports.




contracts

FIFA's PLAN: Football stars contracts to be extended, longer transfer window and more

MIKE KEEGAN: The global game's governing body has recognised the current coronavirus crisis as a 'force majeure' - an unforeseen circumstance that prevents a contract from being fulfilled.




contracts

EFL clubs 'not far off Armageddon' with player contracts running out

EXCLUSIVE BY IAN HERBERT: Many clubs are increasingly sanguine about losing players, because critical cash flow problems mean they will soon be insolvent.




contracts

FifPro to resolve problem of players contracts expiring before end of the season due to coronavirus

With the season possibly extending into July, Sportsmail revealed on Saturday how out-of-contract players are on a collision course with their clubs due to the fact their deals expire on June 30.




contracts

FIFA's PLAN: Football stars contracts to be extended, longer transfer window and more

MIKE KEEGAN: The global game's governing body has recognised the current coronavirus crisis as a 'force majeure' - an unforeseen circumstance that prevents a contract from being fulfilled.




contracts

Coronavirus UK: FIFPRO working towards 'harmonised solution' on extending contracts past June 30

FIFPRO has been part of working groups set up by European football's governing body UEFA and world governing body FIFA to look at the issue of player contracts which normally end on June 30.




contracts

David Jones store at Westfield shuts down after a worker contracts coronavirus

Customers who entered a David Jones store in Adelaide's south last week are urged to seek medical advice after a staff member tested positive to coronavirus.




contracts

Central contracts are the fairest way to save rugby

CHRIS FOY - WORLD OF RUGBY: English rugby needs to adopt a central contract system as the game addresses the financial problems which have been exposed by this lockdown.




contracts

Jofra Archer handed Test and white-ball central contracts after World Cup and Ashes heroics

Archer was England's leading wicket-taker in their triumphant World Cup campaign and followed that up by making a huge impact during the Ashes, as he took 22 wickets at an average of 20.27.




contracts

Core industries' growth contracts 6.5% in March

Core industries' growth contracts 6.5% in March





contracts

Lockdown Impact: India's March Infrastructure Output Contracts 6.5% Compared to Last Year

The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed.




contracts

Asian Oil Sellers Add New 'Zero Price' Clause in Contracts: Report

The new clause comes as sellers in Asia seek to protect their interests, as prices of some physical crude grades sold in the region have fallen to close to $10 a barrel due to heavy discounts.




contracts

NASA Picks Three Contracts Including Elon Musk's SpaceX to Build New Lunar Landers

The lunar landers will carry the astronauts from lunar orbit to the Moon’s surface and back again.




contracts

Ashwin, Maharaj & Pooran Mutually Cancel Yorkshire Contracts

The Yorkshire County Cricket Club in a statement on their official website said on Monday that the contracts of R. Ashwin, Keshav Maharaj and Nicholas Pooran have been cancelled by mutual consent.