Search Results for: legal
7 Asian Banks Investigating Bitcoin and Blockchain Tech
February 17th, 2016
Until recently, there was a noticeable lack of interest in bitcoin and the blockchain among the financial institutions of Asia. In fact, banks there were more likely to be issuing warnings about digital currencies than getting involved in any related activity. It was the fall of Mt Gox in ...
Can technology bring lawyers into the 21st Century?
February 17th, 2016
The legal profession is perhaps more associated with bulging files of papers, odd clothing and arcane procedures than with technological innovation. But several start-ups are trying to give this most conservative – and sometimes vexing – of professions a ...
Global Law firm opens Oman office
February 15th, 2016
Clyde IP expands GCC coverage Following the opening of a direct filing office in Bahrain in August 2015, Clyde IP is further expanding its trade mark and patent filing capabilities in the Middle East, with the addition of a ...
Here’s what the future of bitcoin looks like — and it’s bright
February 15th, 2016
Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this ...
Austrian Financial Market Authority (FMA) warns for two financial services firms
February 11th, 2016
The Austrian Financial Market Authority (FMA) has issued a press release to inform that by publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 11 February 2016 the below providers of the websites is not entitled to provide ...
Asia markets close mixed; Hong Kong shares tumble
February 11th, 2016
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile. Hong Kong’s Hang Seng index, which resumed trading today after being shut from Monday through Wednesday for the Lunar New ...
Commission extends by one year the application date for the MiFID II package
February 10th, 2016
The Commission has proposed a one year extension to the entry into application of the revised Markets in Financial Instruments Directive, or MiFID II. This is to take account of the exceptional technical implementation challenges faced by regulators and ...
Cross-border business with US clients: FINMA announces conclusion of proceedings against Bank Julius Baer
February 10th, 2016
Cross-border business with US clients: FINMA announces conclusion of proceedings against Bank Julius Baer Between 2010 and 2011, the Swiss Financial Market Supervisory Authority FINMA conducted enforcement proceedings against Bank Julius Baer & Co. Ltd. in relation to the ...
Deutsche Bank shares soar 11% on bond buyback speculation
February 10th, 2016
Deutsche Bank shares have bounced back, after hitting a 30-year low on Tuesday, on reports that it will instigate an emergency bond buyback plan. Shares in the bank soared more than 11% to €14.72 (£11.43) in Frankfurt on the ...
HSBC Sued Over Drug Cartel Murders After Laundering Probe
February 10th, 2016
Civil action claims traffickers committed terrorist acts Bank accused of aiding and abetting Sinaloa, other cartels Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths ...
