Search Results for: PRA
Wonga-style fake letters means headaches for in-house lawyers
July 25th, 2014
After Wonga and others were caught sending fake legal letters, what are the professional risk implications for in-house lawyers of using pseudo-solicitors to chase debts? The profession needs to grapple with serious legal and ethical issues following recent reports ...
FinCEN named FBME Bank Ltd as a foreign financial institution of primary money laundering
July 25th, 2014
On July 17 FinCEN issued a press release taking action to Protect U.S Financial System. On that date, FinCEN named FBME Bank, which transacts 90 percent of its global banking business through branches in Cyprus, as a foreign financial institution ...
British’s Economy Set for Milestone
July 25th, 2014
Britain’s economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago. Gross domestic product is expected to have kept ...
UBS Wins Case Over Firing of Drug Analyst in Front-Running Probe
July 24th, 2014
A London judge said UBS AG (UBSN) had the right to fire a senior analyst who discussed rumors about a Sanofi drug with a friend at a hedge fund who may have bet against the company before publishing a ...
Law suits launched against law firms across US over mortgage advice
July 24th, 2014
Federal agencies and 15 states have initiated 41 law suits against law firms and lawyers concerning alleged scams over the provision of legal help to struggling homeowners. Suits have been brought, for instance, against Florida law firms Hoffman Law ...
Research: Trends & Conclusions
July 23rd, 2014
The insolvency and restructuring business remains slow-moving thanks to the improving economy and low interest rates. Lawyers note increased competition and a fight for the limited work available. But this period may soon be at an end as the ...
Lawyers trained to help deal with transnational cases
July 23rd, 2014
More training will be offered to law firms and lawyers specializing in cross-border lawsuits to expand their presence in an area dominated by foreign competitors, a senior official from the Justice Ministry said. By next year, the All-China Lawyers ...
The Real Reason Banks Don’t Like Bitcoin
July 22nd, 2014
Banks are reluctant to work with bitcoin, that fact has been well known in the community for some time. Until now, though, few concrete reasons have been given as to why. New statements from a senior banking practitioner in ...
A Fox-Time Warner deal would give Murdoch new heft in China
July 21st, 2014
Rupert Murdoch’s plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack. Time Warner’s board rejected Murdoch’s $80 billion offer, but ...
Accountants To See IRS In Court Over Tax Preparer Program
July 18th, 2014
The American Institute of Certified Public Accountants (AICPA) has filed a federal lawsuit calling for the voluntary tax return preparer regulatory program planned by the United States Internal Revenue Service (IRS) to be declared unlawful. AICPA President and CEO ...
