BNET Business Dictionary
Business Definition for: Legal Loophole
- an area in the law that is insufficiently explicit or comprehensive and allows the law to be circumvented
Additional Resources
- Does Wachovia acquisition exploit a loophole?
- As early as this month, Wachovia Corp. could close a deal that reportedly unveiled a legal loophole in the 1994 Riegle-Neal Interstate Banking Act, a federal act that prohibits bank holding companies from obtaining more than 10 percent of U.S. deposits byAs early as this month, Wachovia Corp. could close...
- Research articles 2006-10-01
- Extortion Loophole Remains in New Copyright Law.
- By Woranuj Maneerungsee, Bangkok Post, Thailand Knight Ridder/Tribune Business News Feb. 10--A lawyer has called for the closure of a legal loophole that allows people who are not copyright owners to demand money from users of services such as music played in...
- Research articles 2003-02-10
- TCI challenges San Jose test.
- In letter to FCC, company charges that Pacific Bell is extending cable service under cover of test Tele-Communications Inc. has asked the FCC to plug a legal loophole that TCI says gives Pacific Bell an unfair advantage in expanding cable service In...
- Research articles 1996-05-27
- Cablevision defies LIN: adds back NBC affiliate. (Cablevision Systems Corp.; LIN Television; National Broadcasting Corp.)
- Defying LIN Television's demand that Cablevision Systems Corp. in Kalamazoo, Mich., drop its NBC affiliate, Cablevision, citing a legal loophole, added the signal back in time for the Super Bowl. After retransmission-consent negotiations broke dow Defying LIN Television's demand that Cablevision Systems Corp....
- Research articles 1996-01-29
- Premier oil in row over 'Loophole'in Pakistani Wildlife Law; National park under serious threat.
- M2 PRESSWIRE-6 September 2001-FRIENDS OF THE EARTH: Premier oil in row over 'Loophole'in Pakistani Wildlife Law; National park under serious threat C1994-2001 M2 COMMUNICATIONS LTD RDATE:05092001 Premier Oil this morning tried to convince a Karachi court to throw out...
- Research articles 2001-09-06
- Senate bill closes loophole.(HOT NEWS)(Brief Article)
- The U.S. Senate has passed a bill prohibiting health insurers from denying benefits to people injured while participating in legal transportation and recreational activities. The bill was authored by Sen. Russ Feingold (D-Wis.) and Sen. Susan Collins The U.S. Senate has passed a bill prohibiting health...
- Research articles 2004-12-27
- CSGV Claims Victory in Defeating Gun Immunity Bill; Senate Rebukes Gun Lobby on Assault Weapons Ban, Gun Show Loophole
- WASHINGTON, March 2 /U.S. Newswire/ -- The Coalition to Stop Gun Violence CSGV today claimed victory over the stunning defeat of S. 1805 -- the gun lobby's top legislative priority which would have granted unprecedented legal immunity to the gun industrWASHINGTON, March 2 /U.S. Newswire/ -- The Coalition to Stop...
- Research articles 2004-03-02
- Legion Launches National Awareness Campaign to Stop Abuse of the Taxpayer
- WASHINGTON, Feb. 28 /U.S. Newswire/ -- Meeting on Capitol Hill for its annual Washington Conference, the nation's largest veterans organization today launched a national effort to close a legal loophole that gouges taxpayers when lawsuits against religious icons, veterans memorials, and the Boy Scouts are successful. "Title 42 U.S. Code,...
- Research articles 2006-02-28
- Armstrong Bank tests state branching laws
- An eastern Oklahoma bank has filed an application with the Oklahoma State Banking Department that will test the stability of the state's bank branching laws. The bank is using a legal loophole that could in theory allow state-chartered banks unlimited branching rights. Armstrong Bank has applied...
- Research articles 1998-04-16
- Islamic Sukuk Debt: What Are the Legal Limits of Its Interest Rate Loophole?
- Thomas Smicklas submits: The Financial Times had an interesting article buried in the back pages of the second section yesterday regarding Islamic debt defaults. It seems as though two prominent Middle Eastern investment companies - Kuwait's Investment Dar and Saudi Arabia's Saad Group - are at the cusp of a...
- External links 2009-10-21
- Business Tax Loophole
- While there are many equally valid reasons to incorporate, saving money on taxes is a consideration that can yield relatively immediate results. Leasing assets to your corporation is a tax strategy you should absolutely consider if you already have a corporation or are thinking about forming one.Leasing assets to...
- White papers 2002-01-01
- Congress May Ban Soda From School Lunch Programs
- Lawmakers are hoping to ensure schoolchildren a healthy lunch by closing a legal loophole that allows schools to give away sodas. A bill sponsored by Seas. Patrick Leahy, (D-Vt.), James Jeffords (R-Vt.), Tom Harkin (D-Iowa) and Russell Feingold (D-Wis.), would ban the free lunchtime distribution of sodas and other snacks....
- Research articles 1999-05-17
- Aetna Exploits Legal Loophole to Deny In Vitro Coverage in Massachusetts.
- By Alex Pham, The Boston Globe Knight Ridder/Tribune Business News By Alex Pham, The Boston Globe Knight Ridder/Tribune Business News
- Research articles 1998-01-10
- Legal Services Housing Attorneys Find Small, but Significant Victory in California Supreme Court Ruling
- Decision Protects Tenants From Malicious Evictions by Landlords Seeking to Oust Using Vacancy Decontrol Loophole
- Research articles 2007-08-16
- Legal loophole for day care/ Bright Horizons to open where Mother
- Less than two weeks after the state shut down a local day care center for repeated violations of state standards, a former staff member has applied to reopen under a new name. Sandra Lynch, who worked at the Mother Goose Early Learning Center on the city's...
- Research articles 2001-03-27
- Campaign 2000 money chase 'out of control'
- Gore to seek $55 million; Bush, Forbes may avoid federal funds, spending limits. The Washington Post The 2000 presidential race is developing into a mammoth spending spree, with Vice President Al Gore aiming to raise a record $55 million and two other candidates considering giving up federal money...
- Research articles 1999-03-01
- Money: Michelle Your Letters
- Time for governments to act instead of making excuses pounds 100 LETTER SUNDAY'S story that a wanted killer has been allowed back on the streets again thanks to a legal loophole, is shocking and disgraceful. John Gallagher's escape from the Central...
- Research articles 2000-07-30
- Internet and Tamiflu: Bird flu scare exposes glaring loophole
- PARIS AFP — Health watchdogs fear demand for Tamiflu will prompt people worried by bird flu to get the coveted drug over the Internet, a practice fraught with risks for the purchaser and the medication itself. The Web is studded with so-called online pharmacies that promise to ship Tamiflu...
- Research articles 2005-10-18
- Fed chief cool to Wal-Mart banking
- Federal Reserve Chairman Ben S. Bernanke, wading further into the debate over Wal-Mart Stores Inc.'s banking aims, said Congress should decide whether banking and commerce can mix and review the legal loophole that allows such combinations. "The decision has important ramifications for the structure of the American financial...
- Research articles 2006-03-22
- Proposed rules would close US cost-sharing loophole.
- Byline: Martin A Sullivan Sep 25, 2005 (Tax Notes International - ABIX via COMTEX) -- The US Internal Revenue Service is charged with keeping tax on profits within US borders....
- Research articles 2005-09-25
