Photo: Ministry of Agriculture The process of protection of the name “Brački varenik” began in August 2017, when the Agricultural Cooperative Supetar submitted to the Ministry of Agriculture a request for the protection of a geographical indication called “Brački varenik”. “Brački varenik” is produced on the island of Brač, which administratively belongs to the Split-Dalmatia County, and is divided into eight units of local self-government: the City of Supetar and municipalities: Postira, Pučišća, Selca, Bol, Nerežišća, Milna and Sutivan. The Republic of Croatia now has 26 agricultural and food products whose name is registered in the European Union as a protected designation of origin or a protected geographical indication. Along with the name “Brački varenik” are registered: Krk prosciutto, Extra virgin olive oil Cres, Neretva mandarin, Ogulin sauerkraut / Ogulin sauerkraut, Baranja kulen, Lika potatoes, Istrian prosciutto / Istrian prosciutto, Drniš prosciutto, Dalmatian prosciutto, Poljički soparnik / Poljički zeljannik Krk olive oil, Korčula olive oil, Pag lamb, Šolta olive oil, Varaždin cabbage, Slavonian kulen / Slavonian kulin, Međimurje meat ‘from Tiblica, Slavonian honey, Lika lamb, Istria, Pag salt, Zagorje mills, Pag cheese and Bjelovarski kvar. You can see the product specification “Brački varenik” here. “Brač varenik“Is a product used as a food supplement and is obtained by boiling the squeezed juice of fresh or dried grapes of indigenous grape varieties until its volume is reduced to approximately one third of the initial volume. It is a sweet and viscous liquid with a honey aroma, a mildly pronounced taste and aroma of grapes and a moderately pronounced taste of caramel. It is dark red to dark brown if it is made from black grape varieties, or dark yellow to light brown if it is made from a white grape variety. The European Commission announced in the Official Journal of the European Union on September 29, 2020 that “Brački varenik” received the European protected geographical indication, which entered it in the register protected designations of origin and protected geographical indications and protected throughout the European Union. It’s about 26. Croatian product whose name is registered in the EU, and the EU mark of a protected designation of origin or a protected geographical indication on the packaging guarantees the consumer the purchase of an authentic product.
Austin Dillon has been quietly solid at The Clash with fifth- and 12th-place finishes in his career there, and he is 30/1 to win the thing so he might be worth taking a chance on — emphasis on might.Denny Hamlin didn’t get his win last season, but he could easily start this one with a victory as he is tied with Harvick as the active leader in career wins with three. NASCAR’s season is so close to beginning and a select few drivers will get a chance to take home one title before the season even starts at the Advance Auto Parts Clash on Sunday at Daytona International Speedway.Any driver who won a pole will make their way to Daytona this weekend for the race and the usual suspects are all there. Denny Hamlin and Kevin Harvick, who are the active leaders with three wins at The Clash, are on the card as well as Joey Logano, who won the race in 2016. Brad Keselowski is also on the lineup and was the 2018 winner. MORE: Live stream Clash at Daytona on fuboTV (7-day free trial)There are some new drivers on the course too. Aric Almirola, who won at a similar track at Talladega last year, is racing and of course, Kyle and Kurt Busch are there as well.It’s hard to predict a 75-lap race such as this, one that doesn’t factor into the Cup Series race at all, but if last year is any indicator, this event may be a bit easier to predict than some might think.Taking that into account, we are picking Kevin Harvick to pick up right where he left off last season with his fourth career victory at The Clash and Joey Logano, who will defend his Cup championship this year, could be right on his heels.The Advance Auto Parts Clash at Daytona can be seen Sunday at 3 p.m. ET on FS1.What are the betting odds for The Clash?Kevin Harvick 7/1Brad Keselowski 7/1Joey Logano 7/1Aric Almirola 10/1Clint Bowyer 10/1Chase Elliott 10/1Denny Hamlin 10/1Ryan Blaney 12/1Kyle Busch 12/1Daniel Suarez 16/1Kurt Busch 16/1Martin Truex Jr. 20/1Alex Bowman 20/1Erik Jones 25/1Jimmie Johnson 25/1Kyle Larson 30/1Paul Menard 30/1Jamie McMurray 30/1Austin Dillon 30/1Ryan Newman 30/1Which NASCAR drivers should you watch at the Clash?Kyle Busch is always competitive no matter what track he is on and he has two top-10 finishes in his last two trips there, including a runner-up at The Clash two years ago.Ryan Blaney hasn’t had a ton of opportunities at The Clash, but he finished fourth there a year ago, and he loves wide-open racing.
(Courtesy of U.S. Department of Justice)An indictment in a bizarre international money laundering scheme was released from the U.S. Attorney’s office in Anchorage today. $1 billion that was being held in Seoul South Korea, was spirited out of the country through a scheme perpetrated by a former Anchorage man. Assistant U.S. attorney Steve Skrocki prosecuted the case.Listen NowSkrocki said former Anchorage resident Kenneth Zong, created a scheme to assist several Iranian nationals and banks from Iran into subverting Korean government restrictions on the use of Iranian funds. He spoke with Alaska Public Media’s Lori Townsend:TOWNSEND: “What was Zong doing?”SKROCKI: “By creating this false scheme, the Iranian co-conspirators of his directed him to send Iranian held funds that should have stayed in Korea, by Korean law, out to various parts of the world to approximately $1 billion.”TOWNSEND: “Where, who was the money going to? What was the purpose of these transfers?”SKROCKI: “The indictment doesn’t list who the money was going to, but the indictment does list approximately 10 foreign countries ranging from Dubai, the United Arab Emirates, Canada, Switzerland, Austria and Germany and those countries and others including the United States is where that $1 billion was transferred out of Korea to those countries and individuals in those countries.”TOWNSEND: “How did the scheme work?”SKROCKI: “As listed in the indictment, Mr Zong and his Iranian conspirators developed a false business, where they would falsely order marble from the Middle East and have it shipped through one of Mr Zong’s companies to Iran. They would falsify virtually all of the paperwork in connection with this false purchase and transport submitted to Korean authorities as legitimate and once the Korean authorities reviewed it, not knowing it was not legitimate, they would then issue payment to Mr Zong who then obtained the payment in Iranian money and then directed that money outside of that controlled environment to the worldwide financial market.”TOWNSEND: “How was Mr. Zong discovered?”SKROCKI: “Mr Zong’s activities were discovered by the Korean authorities and they were subsequently made available to us after that discovery.”TOWNSEND: “Is it known how much he made or members of his organization or his family?” The indictment charges that Mr Zong received anywhere from 10 million to 17 million dollars(U.S.) as commission or fees for orchestrating and being the center of this fraud. TOWNSEND: You mentioned earlier Mr. Skrocki that $1 billion had been laundered. Has that money been recovered?SKROCKI: “It has not.”TOWNSEND: “How about the money that was paid to Mr. Zong, the $10-17 million dollars? Has that been recovered?”SKROCKI: “As charged in the indictment again, the money that made it into Anchorage was approximately close to 10 million dollars and that was spent on personal residences, private property, vehicles, other investments. The majority of those properties and funds have been seized by the government and forfeited by the government last spring and so a substantial amount of that has been recovered.”TOWNSEND: Is there any reason he was doing this from Alaska?SKROCKI: “As charged, all of the activity that Mr Zong perpetrated in connection with this crime was all done in Korea, so the Alaska connection was his commission or the fees paid of the $10 million that was transferred from Korea to various banks here in Anchorage and that’s where the Anchorage connection is.”TOWNSEND: “Is it known what the $1 billion was to be used for?”SKROCKI: “We don’t have any idea as to what that money went to.”TOWNSEND: “Will there be more charges against him or others?”SKROCKI: “That’s not something I can comment on but the investigation is ongoing and has been for several years and we’ve not yet completed it.”TOWNSEMD: “Mr. Skrocki, is this the largest money laundering scheme the DOJ has ever handled?”SKROCKI: “I can’t speak for the Department of Justice, I would have to say, probably not but certainly for our office, $1 billion is probably the largest that our office has ever seen.”TOWNSEND: “There is so much concern about information on the Internet, what’s real and what isn’t. We’ve seen a lot of concern about that, especially recently. What’s learned after a case like this? Does it at all help to strengthen financial controls? Or what kind or what kind of things are learned and applied after you successfully prosecute a case such as this one?”SKROCKI: “As the indictment states, this case was primarily out of Seoul, South Korea. Once the Korean authorities became aware of the nature of the fraud, they implemented stricter controls with respect to their trade agreement with Iran and how money is transferred back and forth between the two countries because they do have their own sovereign trade agreements. So once they became aware of it, they strengthened their rules. Our rules under the charges that Mr. Zong is facing are very strict, without getting approval from the Office of Foreign Asset Control, American citizens cannot, for the most part, do any kind of business whatsoever with the government of Iran.”TOWNSNED: “Is it known how the money was spent in Alaska?”SKROCKI: “The indictment charges that Mr Zong and an unindicted co-conspirator, who’s not listed at this time, conspired to spend the money in Alaska in various different ways, with the purchase of homes, condominium complexes, a Bentley vehicle, a Porsche and other significant money transfers, including 800,000 dollars of the 10 million that came to Alaska was wired back to Mr Zong in South Korea.”TOWNSEND: “Have those properties been seized?”SKROCKI: “They have been seized. They were seized in April of 2014. They all have been under a forfeiture proceeding with the United States District Court here and over several months our forfeiture division in the office reached an accommodation with the people who owned the property so most of the property has been seized or disposed of.”
It is not often that there is a reported case for expansion stage companies that specifically addresses an exclusive software license, so I thought I would share 3 takeaways from this 2011 exclusive software licensing case (HyperQuest vs N’Site Solutions). This case identifies something all companies looking for expansion capital should know about.I will definitely not bore you with the long and detailed facts in this case, so let’s get to it.Key Takeaways: 1) If you want copyright law to protect you, then use copyright wording in your exclusive license grant. Ok, that was a mouthful, so let me explain. There are generally 6 exclusive rights a copyright owner has (i.e. reproduce, distribute, create derivative works, publicly display and perform, etc.) and these rights need to be used or referred to in the license grant if you want to seek protection under the copyright act.2) If too many rights are retained, then you may not receive an exclusive software license. This actually happened in this case, as the court decided that too many rights were retained by the grantor for an exclusive license to be granted. This makes a lot of sense. If a party says I grant you an exclusive license but then retains rights that are inconsistent with exclusivity, then the exclusive license should not work.3) Typically exclusive licenses are granted for certain territories, fields of use, or media. Yes, typically exclusive rights are granted for certain territories (i.e. US only), fields of use (i.e. for only the insurance industry), or media (i.e. print) so think of drafting them this way.So next time you are working on an exclusive software license, you may want to review this case and think about how the drafting of the exclusive license grant really matters. Oh yea, these are the kinds of things I discuss with the OpenView portfolio of expansion stage companies.Reference:Full Case on Google Scholar. Disclaimer: This post is for informational and educational purposes only, and is not legal advice. You should hire an attorney if you need legal advice, which should be provided only after review of all relevant facts and applicable law.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThis