Sunday, October 24, 2021
Saturday, October 23, 2021
Due Diligence and Law
The tasks for the lesson: 1) learn the glossary to the text and be ready to explain meanings of the words; 2) watch the video carefully and be ready to do the test at the lesson; 3) be ready to discuss the difference(s)between the DD and LDD.
Vocabulary
due diligence – a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish assets and liabilities and evaluate commercial potential; reasonable steps taken by a person to avoid committing a tort or offence.
M&A (mergers and acquisitions) – is a general term that describes the consolidation of companies or assets through various types of financial transactions, including mergers, acquisitions, consolidations, tender offers, purchase of assets, and management acquisitions.
be held liable – having (legal) responsibility for something or someone. When liable refers to legal responsibility, it’s used with “for”: “You’re liable for the court costs” (meaning you have to pay them).
to be prosecuted – to get legal action against for redress or punishment of a crime or violation of law
If someone is prosecuted they are being tried in a court of law.
the validity – the state of being legally or officially binding or acceptable.
buzzwords – a word or phrase, often an item of jargon, that is fashionable at a particular time or in a particular context.
a business partnership – a legal relationship that is most often formed by a written agreement between two or more individuals or companies.
bank loan – a sum of money borrowed by a customer or business from a bank.
Unresolved Litigation – any dispute between the Respondent and any other party adverse in interest, including third party and cross-claims, where either a legal proceeding has been commenced for an injunction, a mandatory order, a declaration or the recovery of money, or a threat of legal action has been made in writing.
Background screening – the process of investigating the backgrounds of potential employees and is one of the most informative ways to collect the data quickly and efficiently in order to help companies make informed decisions regarding prospective job applicants.
Due diligence is a process of verification, investigation, or audit of a potential deal or investment opportunity to confirm all relevant facts and financial information, and to verify anything else that was brought up during an M&A deal or investment process. Due diligence is completed before a deal closes to provide the buyer with an assurance of what they’re getting.
Friday, October 22, 2021
Thursday, October 21, 2021
Wednesday, October 20, 2021
Monday, October 18, 2021
Sunday, October 17, 2021
Modern Legal English: Creative Commons and copyright law
The tasks for the lesson: 1) learn the glossary to the text and be ready to explain meanings of the words; 2) watch the video carefully and be ready to do the test at the lesson; 3) be ready to discuss the difference(s)between the copyright and creative commons; 4) be ready to do the practical task.
Creative Commons licenses give everyone from individual creators to large institutions a standardized way to grant the public permission to use their creative work under copyright law. From the reuser’s perspective, the presence of a Creative Commons license on a copyrighted work answers the question, “What can I do with this work?”
Vocabulary
Creative Commons – licenses that allow authors of creative works to communicate which rights they reserve and which rights they waive for the benefit of recipients or other creators.
The commons — the body of work freely available for legal use, sharing, repurposing, and remixing.
All rights reserved – another person cannot reproduce, distribute and/or adapt any part of the work without your permission by copyright law.
Collective Work means a work, such as a periodical issue, anthology or encyclopedia, in which the Work in its entirety in unmodified form, along with one or more other contributions, constituting separate and independent works in themselves, are assembled into a collective whole.
Original Author -the individual, individuals, entity or entities who created the Work.
Work – the copyrightable work of authorship offered under the terms of this License.
“You” – an individual or entity exercising rights under this License who has not previously violated the terms of this License with respect to the Work, or who has received express permission from the Licensor to exercise rights under this License despite a previous violation.
Licensor – means the individual, individuals, entity or entities that offers the Work under the terms of this License..
Licensee – the party receiving the intellectual property
Copyright – a type of intellectual property that gives its owner the exclusive right to make copies of a creative work, usually for a limited time.
An anti-copyright notice – a specific statement that is added to a work in order to encourage wide distribution. E.g. “Anti-Copyright! Reprint freely, in any manner desired, even without naming the source.”
Derivative Work means a work based upon the Work or upon the Work and other pre-existing works, such as a translation, musical arrangement, dramatization, fictionalization, motion picture version, sound recording, art reproduction, abridgment, condensation, or any other form in which the Work may be recast, transformed, or adapted, except that a work that constitutes a Collective Work.
Fair Use Rights – nothing in this license is intended to reduce, limit, or restrict any rights arising from fair use, first sale or other limitations on the exclusive rights of the copyright owner under copyright law or other applicable laws.
Full lesson is here
Friday, October 15, 2021
Wednesday, October 13, 2021
Tuesday, October 12, 2021
Monday, October 11, 2021
Sunday, October 10, 2021
Saturday, October 9, 2021
Friday, October 8, 2021
Thursday, October 7, 2021
EU Council adopts blue card directive to attract highly-qualified workers
The Council has adopted a directive establishing the entry and residence conditions for highly-qualified non-EU nationals coming to live and work in the EU (the blue card directive). This EU-wide admission system aims to attract and retain highly-qualified workers, particularly in sectors facing skills shortages.
The new rules, which will replace the existing ones, further harmonise the conditions of entry and residence for highly-qualified workers and increase the attractiveness of the EU blue card. In particular, they establish more inclusive admission criteria, facilitate intra-EU mobility and family reunification, simplify procedures for recognised employers, grant a very high level of access to the labour market and extend the scope to include non-EU family members of EU citizens and beneficiaries of international protection.