Search Results for: legal
Samsung execs investigated for possible insider trading
December 4th, 2015
South Korea’s financial regulator said Friday it is investigating possible insider trading by Samsung executives related to a contentious takeover deal. Kim Hongsik, director of the capital markets investigation unit at the Financial Services Commission, said South Korea’s stock ...
Brokers Working for Hayes Would Say One Thing, Do Another
December 4th, 2015
Danny Wilkinson testifies for first time on Libor charges Hayes was `the best trader I’ve ever seen,’ Wilkinson Says A former ICAP Plc broker who once described Tom Hayes’s requests to manipulate Libor as “so illegal, it’s ridiculous,” told ...
Japanese E-Commerce Rakuten Establishes $100M Fintech Investment Fund: Initially Targets US and Europe
December 3rd, 2015
Japanese e-commerce giant Rakuten (TOKYO:4755) officially initiated a new $100 million fintech investment fund, according to a release. The Rakuten FinTech Fund, a new US$100 million global investment fund focuses on investments in disruptive early to mid-stage fintech startups aims to offer ...
Economic affairs MEPs ask EU Commission to table corporate tax measures
December 2nd, 2015
The EU Commission is asked to table measures to improve corporate tax transparency, coordination and EU-wide policy convergence in legislative recommendations voted by the Economic and Monetary Affairs Committee on Tuesday. These recommendations build on the work of Parliament’s ...
Bank of China faces daily fine in US
December 2nd, 2015
The Bank of China will face a daily fine in the US unless it complies with a court request to give details of customers accused of selling fake goods. The bank was held in contempt of court in Manhattan ...
Over 10,000 people were duped by Bitcoin mining startup, feds say
December 2nd, 2015
SEC: Josh Garza and GAW Miners “robbed one investor to pay another.” On Wednesday, the Securities and Exchange Commission sued the founder of a now-shuttered Bitcoin mining company, alleging that it committed $19 million worth of fraud in a Ponzi scheme. ...
Law firm leaders hopeful, if uncertain, for 2016
December 2nd, 2015
Law firm leaders are positive about the coming year, but uncertainty is rising, according to American Lawyer research. Thirteen per cent of respondents said that they were ‘very’ optimistic about 2016 with respect to their firms, while 68 percent ...
EU Commission’s proposal to improve access to finance for companies and simplify information for investors
December 1st, 2015
Small and medium-sized companies in particular will find it easier to raise funding when issuing shares or debt. Companies already listed on public markets will also benefit when they want to list additional shares or issue corporate bonds. As ...
Chinese Stocks: Brokerage Probes Weigh on November Stock Gains
December 1st, 2015
Three of China’s largest brokerages said they were under investigation for suspected violations of margin-trading rules A widening Chinese investigation into what officials have deemed suspicious or illegal trading activity has put the brakes on a rebound in the Shanghai Composite ...
Law Firms Wragge Lawrence Graham & Co and Gowlings joining forces to create a new international law firm
November 30th, 2015
Wragge Lawrence Graham & Co (WLG) and Gowlings, a leading Canadian law firm, are joining forces to create a new international law firm called Gowling WLG. The new firm will take effect in January 2016. Gowling WLG will have ...
