Search Results for: legal
Macau Tightens UnionPay Use in Threat to Casino Money Flows
June 10th, 2014
Macau’s government plans to further restrict the use of China UnionPay Co.’s debit cards at casinos, curbing money flows to the world’s largest gambling hub by making it harder for bettors to buy expensive items that they exchange for ...
EU to Decide Next Week on Irish, Dutch Tax-Breaks Probe
June 6th, 2014
The European Union may open a formal probe as soon as next week into tax breaks that Ireland and the Netherlands use to attract international companies, according to people familiar with the case. The European Commission is scheduled to ...
How to: be a better solicitor
June 6th, 2014
The following grew out of various informal talks I used to give to the many articled clerks and trainee solicitors with whom I had the privilege of sharing an office over the years. Solicitors are good at teaching hard ...
General Motors (GM) accepts ‘troubling’ report on Chevrolet Cobalt recall
June 6th, 2014
General Motors (GM) has accepted the findings of a “brutally tough, deeply troubling” report into recalls of its Chevrolet Cobalt over ignition problems which have been linked to 13 deaths. GM also said it would launch a compensation fund ...
China against Windows 8 Amid U.S. Spat
June 5th, 2014
China’s government took another step against Microsoft Corp. (MSFT) by telling officials in one province not to use Windows 8 software, marking an escalation in the dispute with the U.S. over spying and hacking allegations. Jiangsu province, south of ...
The Perils of Silos in Risk Management
June 4th, 2014
Silos, or autonomous units, can exist in most organizations. It’s no surprise that risk management can be divided into “siloed” functions, and it’s commonly done. Among their advantages: Silos can enable risk management specialization by business unit. For example, ...
Gunfire in Karachi, Stocks Drop on Report of Politician’s Arrest
June 4th, 2014
Shops closed and public buses stopped operating in Pakistan’s biggest city a day after U.K. police questioned Karachi’s most powerful political figure as part of a money-laundering investigation. About 400 people blocked one of Karachi’s main streets to protest ...
CySec: acquisition of Administrative Services Providers (ASP) licence
June 3rd, 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 Providers (ASP): Dema Services Limited Tarovision Enterprises Limited Therefore, they ...
Lawmakers Oppose Proposed Changes to Accounting Method
June 3rd, 2014
A bipartisan group of 115 House legislators asked Ways and Means Committee Chairman Dave Camp (R-MI) last week to reconsider making changes in his tax reform plan to an inventory accounting method used by many US businesses. In a ...
Big Four’s China Accountancy Units Thrashing Out SEC Settlement in Auditing Dispute
June 3rd, 2014
The Chinese units at some of the world’s largest accounting firms – dubbed the Big Four – are looking to reach an out-of-court settlement with the US’ Securities and Exchange Commission in a bid to put an end to ...
