Three Planes Go Missing At Air Zimbabwe – The Zimbabwean

2.7.2019 13:41

Three planes have gone missing at Air Zimbabwe, this is according to the Daily News on Sunday which stated that three MA60 planes purchased from China had “vanished into thin air”.

Auditor General Ms. Mildred Chiri told the publication that there is no paper trail to establish what happened to the 3 birds.

Chiri said that there were 3 MA60 Aircrafts that were not accounted for in the company’s Financial Statements. There was no lease agreement and there was no agreement of sale for the planes hence the AG didn’t know how to properly account for them.

The national airline bought the aircrafts for a whopping $48 Million (apparently between 2005 and 2006). The some of the money was used to pay for ground support equipment and personnel training.

This is just one account of the rot that is marring the parastatals as of today.

Zimbabwe conference urges cooperation to fight human trafficking
ZZim energy minister posts R139 million proof of payment to Eskom on Twitter

Post published in: Business

Even Passports Are Scarce as Zimbabwe Runs Out of Everything – The Zimbabwean

Tendai Mpofu applied for new passports for his sons more than two months ago. Their current ones expire this month, just when they’re due to travel to South Africa for a school sports event. It may be a long wait before they get new documents.

With inflation at almost 100% and an acute lack of foreign currency, Zimbabwe is facing its worst economic crisis in more than a decade. While President Emmerson Mnangagwa has said that the passport company is refusing to print anything until the government has cleared its debts, others say Zimbabwe is simply too broke to import the ink and paper needed.

An official at the passport office said the situation is “dire” and passports were only being issued for emergencies. Identity cards are also hard to come by – metal cards were replaced with plastic ones but now plastic is in short supply.

Home Affairs Minister Cain Mathema told the state-run Herald newspaper recently that things will improve and that the government was “working on it.”

ZZim energy minister posts R139 million proof of payment to Eskom on Twitter – The Zimbabwean

2.7.2019 8:46

Zimbabwe’s energy minister Fortune Chasi was on Tuesday forced to put the proof of the country’s US$10m (R139m) payment to Eskom on his twitter account, after an earlier claim of having paid was refuted.

Two week’s ago Chasi said his government would pay a US$10m debt to the South African power utility to ease power shortages.But by Friday last week, the money had not yet reflected in Eskom’s account. Eskom CEO, Phakamani Hadebe,issued a statement saying the power utility, which is owed a total of US$33m by its Zimbabwean counterpart Zesa, was yet to receive the money.“Eskom would like to state no funds have reflected on its accounts for Zimbabwe outstanding debt as at 28 June at 1500hrs, said Eskom.

Zimbabwe started implementing load shedding on May due to a combination of low water levels at Kariba Dam’s hydroelectric power plant, generation constraints at ageing power stations and limited foreign imports.

On Tuesday morning Chasi took the highly unusual step of posting proof of payment to the SA power utility on his Twitter account.

He however warned Zimbabweans, that “whilst we have paid US$10m this is no guarantee for power. We need to negotiate.”

Passports run short in Zimbabwe

Post published in: Business

Passports run short in Zimbabwe – The Zimbabwean

HARARE – Zimbabwe’s passport-issuing service has ground to a halt, officials said on Monday, leaving many citizens trapped in the country as its economic crisis worsens.

Applicants for new or renewed passports face an indefinite wait as the government does not have the foreign currency to pay for special imported paper, ink and other raw materials.

Officials at the Registrar General Office told AFP that even if citizens want to pay for an urgent application for a passport, they face a minimum wait of 18 months before they can even submit their papers.

“Last month, the urgent applicants were being told to come back at the end of 2020,” said one official who spoke to AFP on condition of anonymity.

She added that non-urgent applicants were told that no date was available for when they can apply.

Millions of Zimbabweans have fled abroad in the last 20 years seeking work as hyperinflation wiped out savings and the formal employment sector collapsed.

Many others are now seeking to leave as conditions worsen under President Emmerson Mnangagwa, who had promised an economic revival after he succeeding long-ruling Robert Mugabe in 2017.

Official inflation is at nearly 100 percent — the highest since hyperinflation forced the government to abandon the Zimbabwe dollar in 2009 — while supplies of essentials such as bread, medicine and petrol regularly run short.

Power cuts often last 19 hours a day.

Isheanesu Mpofu, a 23-year-old unemployed university graduate, applied for a passport last November but is still waiting.

“I went back early June to check on it, and was told to check again in August,” Mpofu said, adding he wanted to visit his family abroad.

“Besides, it is my right to have a passport so I can travel whenever I want to,” he said.

Mnangagwa addressed the problem last month, saying a dispute with the printers over unpaid bills meant that a state-owned company would take over the job.

“They said they will not print any more passports because of legacy debts,” he said, claiming the money had now been paid.

A passport office official told AFP that only ten passports were being printed each day despite a reported backlog of 280,000.

“We have the capacity to clear the backlog in a very short time but all the machinery is lying idle right now,” she said.

Registrar General Clement Masango told AFP that he had no comment to add to the president’s remarks.

Zimbabwe to allow U.S. dollar cash withdrawals from some accounts – The Zimbabwean

Mthuli Ncube, Zimbabwe’s new finance minister, talking to reporters after taking oath of office in Harare, Sept. 10, 2018.

The surprise announcement will ease fears that the central bank might raid foreign currency accounts, as happened during Robert Mugabe’s rule in 2008. Central bank governor John Mangudya said people and companies in Zimbabwe currently hold $1.3 billion in foreign currency accounts.

Mangudya told a parliament committee that individuals would be allowed to withdraw up to $1,000 a day from their foreign currency accounts without restrictions but that companies would have to talk to their banks if they needed cash dollars.

The southern African nation, whose crops were scorched by a drought this year, is in the grip of foreign currency and fuel shortages and daily electricity cuts lasting up to 15 hours.

President Emmerson Mnangagwa, who replaced longtime leader Mugabe after an army coup in November 2017, is trying to repair an economy ruined by hyperinflation and a long succession of failed economic interventions. In May, his government agreed a staff-monitored program with the International Monetary Fund to help Zimbabwe implement coherent economic policies.

But a hoped-for turnaround is yet to materialize, and many Zimbabweans are distrustful of Mnangagwa’s promises.

Last week, the government renamed its interim currency, the RTGS dollar, the Zimbabwe dollar and made it the country’s sole legal tender, ending a decade of dollarization and taking another step toward relaunching a fully-fledged currency.

Mangudya said on Monday the country will initially print 400 million Zimbabwe dollars, to be gradually introduced into circulation to plug the gap left by the end of dollarization.

FEARFUL

Ncube had earlier told the same committee that individuals would be allowed to withdraw U.S. dollars in cash from their foreign currency accounts. He defended the surprise manner of the announcement and promised that Zimbabwe would not fall into money-printing of the kind that caused hyperinflation in 2008.

With inflation close to 100% last month and desperate levels of unemployment, Zimbabweans are impatient for progress but are fearful that abandoning dollarization will cause a new surge in prices. Unions are threatening strikes if Mnangagwa’s government does not overturn the policy.

More than 80% of Zimbabweans are paid in RTGS dollars but many goods and services are priced in other currencies.

“What we have is fiscal discipline of the highest quality,” Ncube said, adding that the national treasury had been running monthly budget surpluses and would raise public sector salaries this month.

Ncube said the official interbank market, where $525 million has been traded since its launch in February, would be allowed to freely determine the exchange rate.

The central bank’s dollar reference rate was 1:7.25 to the Zimbabwe dollar on Monday but some banks bought U.S. dollars at a rate as low as 8.96, in line with black market rates.

Ncube said the central bank’s decision last week to raise the overnight lending rate to 50% from 15% was temporary and meant to stop speculative borrowing by currency traders.

Passports run short in Zimbabwe
Even Passports Are Scarce as Zimbabwe Runs Out of Everything

Post published in: Featured

The Most Expensive Law School In The Country

Which law school is the first in the United States to publicly disclose that as of 2019-2020, it will have a yearly cost of attendance of more than $100,000?

Hint: The East Coast law school is a member of the T14 and counts a Supreme Court justice among its alumni.

See the answer on the next page.


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

Yet Another Biglaw Firm Ranking For Those That Like To Count

So which Biglaw firm is the biggest of them all? Not like the firm that has the biggest cases or the most M&A deals but just big in the employs-the-largest-amount-of-lawyers kind of way. Well, good news for all you headcount acolytes out there — the 2019 National Law Journal 500 is officially here.

As you may recall, the NLJ 500 ranks firms by overall headcount — temporary and contract attorneys don’t count and any non-lawyer professionals do not either. The list is also focused on U.S.-centric firms, meaning they have more attorneys in the U.S. than any other country.

Before we start our counting expedition, let’s get some help from an old friend.

That was nostalgia inducing, wasn’t it? Anyway, without further ado, here is the NLJ 500 Top 10:

  1. Baker McKenzie: 4,720
  2. DLA Piper: 3,702
  3. Norton Rose Fulbright: 3,376
  4. Hogan Lovells: 2,636
  5. Latham & Watkins: 2,540
  6. Jones Day: 2,518
  7. Kirkland & Ellis: 2,307
  8. White & Case: 2,150
  9. Morgan Lewis & Bockius: 2,015
  10. Greenberg Traurig: 1,962

You can check out the rest of the rankings here.


headshotKathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

Law School On The Cheap — See Also

Why Law Firms Are Moving to the Cloud

Why Law Firms Are Moving to the Cloud

Cloud-based practice management software can help meet the growing expectations of clients, staff, and an increasingly competitive legal marketplace. Download the guide here to learn how.

Cloud-based practice management software can help meet the growing expectations of clients, staff, and an increasingly competitive legal marketplace. Download the guide here to learn how.

Neil Woodford Politely Informs Investors That They Can Get Their Money Out Of His Hedge Fund When He Damn Well Feels Like It

The Woodford Funds will remain frozen, thank you very much.

‘Foul’ Ball II: Why The SCOTUS Decision On ‘Scandalous’ And ‘Immoral’ Trademarks Is Not What You Think

(Photo by Charley Gallay/Getty Images for RVCA)

For those who have been following the fight for registrability of scandalous and immoral trademarks, you may have heard that the Supreme Court of the United States (SCOTUS) recently issued its decision in Iancu v. Brunetti, a trademark case involving the USPTO’s refusal to register the trademark “FUCT.” In a win for First Amendment expression, SCOTUS sided with Los Angeles-based artist Erik Brunetti in permitting his trademark “FUCT” (in which he prefers to pronounce the letters individually as “F-U-C-T”) to proceed for federal registration. This decision may permit other potentially offensive trademarks to receive federal trademark registration, but there is definitely more to the story her the just registrability.

As I have written previously on this topic, the prospect of SCOTUS siding with Mr. Brunetti seemed more likely than not given its previous ruling in Matal v. Tam. In that case, SCOTUS ruled in favor of band-member/applicant Simon Tam of the Asian-American band The Slants regarding the application for federal registration of their band name, The Slants. Under Section 2(a) of the Lanham Act, a trademark is not federally registrable where such trademark ”[c]onsists of or comprises immoral, deceptive, or scandalous matter; or matter which may disparage or falsely suggest a connection with persons, living or dead, institutions, beliefs, or national symbols, or bring them into contempt, or disrepute….” Originally refused registration by the USPTO based upon this prohibition on “disparaging” trademarks, Mr. Tam and his band were eventually vindicated by SCOTUS in a unanimous ruling holding the Lanham Act’s prohibition on disparaging trademarks an unconstitutional restriction on the First Amendment’s Free Speech Clause.   As a result, “disparaging” trademarks seemed to have a green light to registration.

In Iancu v. Brunetti,  SCOTUS dealt with the “immoral” and “scandalous” references in Section 2(a) of the Lanham Act, but not unanimously.  In a 6-3 decision authored by Justice Kagan, an interesting mix of justices (Ruth Bader Ginsburg, Clarence Thomas, Samuel Alito, Neil Gorsuch, and Brett Kavanaugh) held that the prohibition under the law was overly broad, violating free speech because “it disfavors certain ideas” and was essentially discriminatory.  Looking at dictionary definitions to make the point, Justice Kagan wrote:

So, the Lanham Act allows registration of marks when their messages accord with, but not when their messages defy, society’s sense of decency or propriety. Put the pair of overlapping terms together and the statute, on its face, distinguishes between two opposed sets of ideas: those aligned with conventional moral standards and those hostile to them; those inducing societal nods of approval and those provoking offense and condemnation. The statute favors the former, and disfavors the latter. “Love rules”? “Always be good”? Registration follows. “Hate rules”? “Always be cruel”? Not according to the Lanham Act’s “immoral or scandalous” bar.

Interestingly, the dissenting justices indicted that they would have upheld Section 2(a) by construing it narrowly to ban “obscene, vulgar, and profane modes of expression.”  In other words, you are free to use such terms as a trademark, but the USPTO should not be compelled to recognize and permit registration of such “obscene, vulgar, and profane modes of expression.”

So you can register “scandalous” and “immoral” trademarks — now what?  As I wrote previously, just because you can do something doesn’t mean that you should do it.  More importantly, this decision will likely not create a “rush” to register such trademarks because many such terms (at least the colorful ones that one may let slip out from time to time) are not necessarily conducive to operating as a trademark.  Remember that trademarks operate to distinguish ones goods and services from those of another, or to designate origin — many “obscene, vulgar, and profane modes of expression” simply don’t do so on their own, and may require differences in spelling, logos, or other stylization along with acquired distinctiveness to qualify for such trademark protection.  Further, such expression is not limited to words — commonly known physical expressions (like “flipping the bird”) are not exempt from the requirements for valid trademarks.  As a result, I don’t see a rush to registering such marks anytime soon.

Although the decision is a victory for free expression, whether it will be a victory for trademark owners remains to be seen.  Not every business is conducive to using some form of “obscene, vulgar, and profane modes of expression” to distinguish its goods and services, and I would venture to say that not many are courageous enough to build a brand around it. Don’t get me wrong — I stand with the majority in the SCOTUS decision in this case because the statute engenders a “facial viewpoint bias” that cannot avoid a “viewpoint-discriminatory application.”  That said, your company (or client) should beware — not every person or business will be willing to create a brand around such controversial expression, and even if they do, such expression may not meet the requirements for federal trademark registration.  So, tread carefully when addressing “scandalous” or “immoral” trademarks for your company (or clients), as you may end find yourself on the receiving end of some “colorful” expression if you’re not careful.


Tom Kulik is an Intellectual Property & Information Technology Partner at the Dallas-based law firm of Scheef & Stone, LLP. In private practice for over 20 years, Tom is a sought-after technology lawyer who uses his industry experience as a former computer systems engineer to creatively counsel and help his clients navigate the complexities of law and technology in their business. News outlets reach out to Tom for his insight, and he has been quoted by national media organizations. Get in touch with Tom on Twitter (@LegalIntangibls) or Facebook (www.facebook.com/technologylawyer), or contact him directly at tom.kulik@solidcounsel.com.