According to this article "New Court Term May Give Hints to Views on Regulating Business ", the new Supreme Court term is going to bring business law to the forefront as they are hearing more business-related cases than in the past. The addition of Justice Sonia Sotomayor brings more experience hearing business cases as well. I'm very interested to see what precedents are created by this term given how bad the economy has gotten without regulation. Perhaps this will be the beginning of change that will protect consumers.
It also mentions a patent case which could seriously alter the way companies compete:
"The case that has most transfixed the business community is Bilski v. Doll, No. 08-964, a patent dispute that addresses the consequential question of whether intangible business methods may be patented. A federal appeals court last year rejected Bernard L. Bilski’s attempt to patent a method of hedging risks in commodities trading, ruling that only processes tied to a particular machine or capable of transforming an object into something different can be patented."
Subscribe to:
Post Comments (Atom)
This I believe is very common when a new administration takes power. Similar views were looked at by the courts after the collapse of Enron and other energy companies. They gave rise to Sarbanes Oxley Act (SOX) which protects the interest of investors while holding key members of a companies board liably for fraud and other laws.
ReplyDelete