9/23/14

UPCOMING EVENTS

IM Volleyball Starts – If you would like to participate in IM volleyball, please email your UT EID to txbusinesslaw@gmail.com by 5 PM Wednesday 9/24. There are currently only 3 spots left!

Dues: We are still collecting dues dues Mondays 9/22 from 12-2 in the SBA office, Tuesdays from 1-3pm on the 3rd floor of the library (by the computers/printers), and Randy or Auri will be in the Entrepreneurship & Community Development Clinic on Thursdays from 12-3pm . Dues are $30/yr and we can take cash or checks made out to “The University of Texas.” We cannot guarantee change so if you are paying cash please plan accordingly.

9/26 Massey Prize for Research in Law, Innovation, and Capital Markets Symposium 8:45 a.m. – 5:30 p.m. UT Law School. Registration is still open! Many of our members and most of our Board will be attending, as well as several prominent attorneys. The Symposium is free to all students but requires registration (click the link above). This Symposium is hosted in part by Prof. Henry Hu who is a great supporter of our group and the program itself should be very useful and interesting both in terms of content and networking. I strongly encourage those of you who have time to go, even if you can’t attend the entire day. 

10/3 Pro Bono Small Business Boot Camp 12-3 PM, Francis Auditorium. Mark your calendars for our first Pro Bono event. Clinic Faculty and practitioners will be coming in to go over the lifecycle of a small business, common legal issue, document drafting, and client intake/interview skills. RSVPs will be available on Symplicity later this week. Lunch will be provided.

Learn Leo is looking for Student Reps LearnLeo builds free web and mobile productivity tools to help students cut study time, brief and outline online, and get connected with firms. They are currently used by thousands of students at top law schools across the country and we’re looking for student reps.  Being a rep for LearnLeo is a great gig that offers an excellent compensation package for a very small time commitment. If you’d like to find out more about being a rep please contact Rebecca Michael at: rebecca@learnleo.com. You can also check out their site here.

9/30 CHLSA’s Fajita Fiesta 11-2 2 tacos for $6 or 3 tacos for $8.  Rice & Beans included on both plates.
Cash, check, debit/credit accepted. CHLSA is also auctioning off a Kaplan Bar Review Course – starting bid is only $500 for a $3,445 value! Bidding is open to all Texas Law Students. Bid now til Tuesday 9/30 at 2:00 PM. E-mail Luckett@utexas.edu to place a bid and check the Atrium to see the current high bid. Proceeds benefit the Hispanic Bar Association of Austin Charitable Foundation.
Vis International Commercial Arbitration Moot Team. The Vis team is looking for 2Ls and 3Ls to apply for the 2014-2015 moot season. The written application this year will be due Monday, September 29th to Josh Nosal at: josh.nosal@gmail.com. Applicants will also be required to present a short oral argument try-out on Thursday, October 2nd, and that sign-up sheet will be sent after applications have been submitted. The application can be found here and if you have any questions email Ashleigh Acevedo at: ashleigh.acevedo@utexas.edu.

TERM OF THE WEEK

JOINT VENTUREAn agreement between two or more independent businesses in a business enterprise, in which they will share the costs, management, profits or benefits arising from the venture. The exact shares and responsibilities will be set out in a Joint Venture Agreement.

5 THINGS TO KNOW THIS WEEK

1. IT’S STILL NOT OK TO MIX RELIGION AND POLITICS, BUT SCALE IS TIPPING

Nearly half of Americans say religious leaders should express views on social and political issues, according to a Pew Research Center study. The results point to a surprising reversal of a long-running drop in support for churches butting into politics. Still, 48% of people said houses of worship “should keep out” of politics, leaving the nation divided on the issue. The survey comes as the U.S. prepares to dive into midterm elections and the early phases of a presidential campaign, not to mention a contentious time between church and state over social issues such same-sex marriage and birth control.

2. DON’T FORGET ABOUT BLACKBERRY

BlackBerry is attempting another makeover. One of its first orders of business is its new square-screen smartphone—its first since the unsuccessful BlackBerry 10—at a lower price than rivals as the company attempts to regain some lost ground. The Passport smartphone will cost $599 in the U.S. without subsidies. BlackBerry said similar smartphones from competitors should cost in the $700 range. Separately, Apple said it sold more than 10 million of its new iPhones over their first weekend, a new high even though the device hasn’t gone on sale in China yet.

Video: BlackBerry Reloads

 3. S.E.C. Makes Largest Ever Whistle-Blower Award

The individual’s identity is a mystery, but that person is now $30 million richer thanks to a program established under Dodd-Frank.

 4. HONG KONG TOPS LIST OF U.S. COLLEGE BENEFACTORS

Hong Kong has been the top international source of large gifts to U.S. colleges, giving $181 million between January 2007 and November 2013, according to available data. The biggest beneficiaries were elite colleges: Princeton University, Stanford University and the University of California at Berkeley. Donations from Asia to U.S. colleges are often criticized for benefiting an institution far from home and can be seen as a way of buying an elite education. Most recently,  Harvard got its largest donation from a Hong King-born investor and billionaire Ronnie Chan donated $20 million to University of Southern California. But despite the large presence of Chinese students at American colleges, China ranks eighth as a source of foreign donations.

5. U.S. Curbs on Inversions May Deter Some Pharmaceutical Deals

Some American-led transactions, like AbbVie’s recent agreement to buy its British rival Shire, may survive on strategic logic. But pure tax-avoiding combinations look tricky.
Posted in Weekly Updates.