Search Results for: law
Anti-Terrorism Trial of Mideast Bank Worries the Financial World
August 14th, 2014
The judge called it the Beirut account. It was a basic bank account at Arab Bank’s Al-Mazra branch in Beirut, Lebanon, unremarkable except for the name on the account: Osama Hamdan, a spokesman for the terrorist group Hamas. The ...
New non-dom tax rules will cause confusion
August 14th, 2014
New tax rules for loans taken out by “non-doms” will cause disputes over the interpretation of the law, the Chartered Institute of Taxation (CIOT) has said. The government said on 4 August that it was withdrawing its current treatment ...
More companies subject to U.S. sanctions due to new rule
August 14th, 2014
Owners of companies sanctioned by the U.S. government could find themselves blacklisted because of a change of a rule announced by the Treasury, which has the power to apply and enforce U.S. sanctions. According to the new rule, if ...
CySec warning against unauthorised firms
August 13th, 2014
The Cyprus Securities and Exchange Commission (CySec) wishes to inform the investors that the companies ‘Chelestra Ltd’ (https://www.lbinary.com) and ‘T.B.S.F. Best Strategy Finance Ltd’ (https://www.regaloptions.com): 1. Are not permitted to provide investment and ancillary services in the Republic, pursuant ...
Audi faces penalty in China
August 13th, 2014
Volkswagen (VOWG_p.DE)’s premium auto unit Audi on Wednesday said it would accept a penalty and change management processes at one of its China units after a regional authority said it had discovered violations of anti-monopoly laws. “According to investigations ...
China antitrust probes hit concerns over European firms
August 13th, 2014
The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms. An array of industries have been ...
Nabarro to offer fixed fees for all litigation clients
August 13th, 2014
Nabarro is launching a new regime of fixed-fee deals across its litigation practice which will see the firm shoulder risk for its clients. For the first time the firm will offer a single headline price for an entire dispute, ...
Cayman Simplifies Customs Procedures
August 13th, 2014
The Cayman Islands is trying to speed up and simplify things for cross-border traders and thus has launched a number of initiatives to achieve it. It has announced a two percent reduction in several duties and as from September ...
IRS Tried, Failed to Repair Lois Lerner Hard Drive
August 12th, 2014
U.S. Internal Revenue Service told a judge its technicians made repeated futile efforts to save data on a malfunctioning computer hard drive used by Lois Lerner, the former official at the center of a dispute between Congress and the ...
Five Australian banks face class actions on fees
August 12th, 2014
Australian legal firm Maurice Blackburn said on Tuesday it had filed open class actions against five banks over late credit card fees worth hundreds of millions of dollars. The legal proceedings could become one of Australia’s biggest ever class ...
