Search Results for: legal
CySec: acquisition of Administrative Services Providers (ASP) licence
November 27th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Provider (ASP): Egard Management Ltd Delta Quest (Nominees) Limited TMF ...
Russia Enacts Russian CFC Bill
November 26th, 2014
On November 18, 2014, the Lower House of Russia’s Parliament, the State Duma, approved at second and third readings Bill No. 630365-6, which would introduce a new controlled foreign corporation (CFC) regime in the country. The new CFC regime ...
Funding secured for Tesco shareholder class action
November 26th, 2014
Australian litigation funder Bentham has made its biggest entry yet in the European market by agreeing to fund a class action against supermarket giant Tesco. The European subsidiary will fund legal action on behalf of shareholders who are claiming ...
ASIC takes civil action against Make It Mine
November 26th, 2014
ASIC has started legal action against Make It Mine Pty Ltd (MIM), seeking financial penalties against the company for breaching consumer credit laws, including the responsible lending obligations. ASIC’s civil penalty proceedings, filed in the Federal Court of Australia ...
SEC Charges HSBC’s Swiss Private Banking Unit With Providing Unregistered Services to U.S. Clients
November 26th, 2014
The Securities and Exchange Commission today charged HSBC’s Swiss-based private banking arm with violating federal securities laws by failing to register with the SEC before providing cross-border brokerage and investment advisory services to U.S. clients. HSBC Private Bank (Suisse) ...
Forex and Professional Services Lead Employment in Cyprus
November 25th, 2014
The financial crisis experienced in Cyprus following the events of March 2013 had a knock-on effect on the employment sector. More than a year on from the onset of the crisis, Cyprus’ leading recruitment agency, GRS Recruitment, has provided ...
Starr Gets Boost From U.S. Documents in AIG Bailout Case
November 25th, 2014
Maurice “Hank” Greenberg’s argument that the U.S. sought to evade a shareholder vote on its 2008 bailout of American International Group Inc. (AIG) may get a boost from a Fed legal adviser’s own words. “We succeeded in finding a ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
November 24th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “MAXIFLEX GLOBAL INVESTMENTS CORP LTD.” has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally ...
ESMA approves Moody’s Investors Service EMEA Limited as a credit rating agency
November 24th, 2014
The European Securities and Markets Authority (ESMA) has approved the registration of Moody’s Investors Service EMEA Limited, based in the UK, as a credit rating agency (CRA) under Article 16 of the CRA Regulation. The registration takes effect from 24th November ...
SEC Charges Penny Stock Company Executives in New Jersey With Issuing False Press Releases to Inflate Stock Price
November 24th, 2014
The Securities and Exchange Commission today charged father-and-son executives at a New Jersey-based penny stock company for issuing false and misleading press releases while secretly selling thousands of their own stock shares into the market. They agreed to pay ...
