Search Results for: EU Court
Goldman to face Libya’s sovereign wealth fund in court over trades
August 19th, 2014
Goldman Sachs (GS.N) and Libya’s sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades ...
US banks plan ahead for UK exit from EU
August 18th, 2014
Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart from the EU. People familiar with Bank of America, Citigroup and Morgan Stanley told the ...
Bank sued Ex-Deutsche head for $6.3m
August 12th, 2014
Former China head of Deutsche Bank, Lee Zhang, was sued in Hong Kong by the firm over the 2001 transfer of $3.99m to the account of a firm with a bank in Shenzhen. Bloomberg News reports that the bank ...
Deutsche Bank, Fitschen Try to Avoid Ackermann Juggling
July 30th, 2014
Deutsche Bank AG (DBK) Co-Chief Executive Officer Juergen Fitschen is seeking to keep prosecutors from filing charges against him. If he fails, he may have to juggle his duties with his defense as his predecessor did a decade ago. ...
Cypriot firm launches legal action against EU over ‘bail-in’
July 23rd, 2014
Cypriot firm Dr K Chrysostomides & Co has filed a lawsuit against the EU on behalf of 51 claimants seeking compensation for losses suffered when Cyprus agreed to a ‘bail-in’ on two Cypriot banks. The case, filed before the ...
Sweden Calls For EU Ruling On Bitcoin Taxation
July 22nd, 2014
Sweden has asked the European Union to provide definitive rules on the Value Added Tax treatment of cryptocurrencies, such as Bitcoin, after concerns raised by the nation about the UK’s revised position, issued in March. On June 2, 2014, ...
U.S. court revives BP retirement-plan suit filed after oil spill
July 16th, 2014
A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans alleged they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster. The ...
Former Ukraine president sues EU over sanctions
July 15th, 2014
Former Ukraine president Viktor Yanukovych, ousted by pro-Western protests, has filed a suit with EU’s top court against sanctions Brussels has imposed on him and two sons. The European Court of Justice lists the Yanukovych suit along with cases ...
Revealed: the banks using ‘pseudo’ solicitor firms to make debtors pay up
July 4th, 2014
Britain’s high-street banks are routinely issuing legal demands from what appear to be independent firms of solicitors designed to make struggling borrowers pay up. Yet the firms are not regulated by the legal profession’s watchdog, and are simply names ...
India To Revamp Colonial Era Train Networks, Courting Foreign Investment
June 30th, 2014
India’s new Prime Minister plans to overhaul the country’s massive state-run railway system. Originally built under British colonial rule, the train system is one of the largest in the world, and serves roughly 25 million passengers every day — ...
