Search Results for: law
European Commission to set paternity leave rules
April 27th, 2017
Commission readies new parental leave rules to replace axed maternity bill Two years after the European Commission scrapped its own proposal for new EU maternity leave rules, the EU executive is getting ready to replace it with new measures, ...
Report: Unauthorised forex trader’s collapse may cost punters half billion
April 27th, 2017
The reported collapse of the JJPTR scheme may cause “investors” ― including from Malaysia ― previously promised steady monthly 20 per cent dividends to collectively lose RM500 million. JJPTR’s founder Johnson Lee, whose Penang-based forex trading company claimed its ...
CySec approved a new firm as Administrative Services Provider
April 27th, 2017
The Cyprus Securities and Exchange Commission (CySec) released today an announcement to inform that the firm Cyworld Group of Companies Ltd approved by the Commission as Administrative Services Provider (ASP). Below details were released: Cyworld Group of Companies Ltd ...
AIB Bank fined millions euro for breach anti-money laundering compliance rules
April 27th, 2017
The Central Bank of Ireland (the ‘Central Bank’) fined Allied Irish Banks, p.l.c. (‘AIB’) €2,275,000 and reprimanded it for six breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act, 2010 (the ‘CJA 2010’). All six breaches have ...
SEC Awards Nearly $4 Million to Whistleblower
April 26th, 2017
The Securities and Exchange Commission today announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge ...
Administrative Services Provider approved by CySec
April 26th, 2017
With an announcement issued today, the Cyprus Securities and Exchange Commission (CySec) would like to inform that the Commission has approved a new firm as Administrative Services Provider (ASP). According the announcement, the below firm has been approved: Kapnella Limited ...
Optical technology maker Nikon initiates patents’ global legal actions
April 26th, 2017
Nikon Initiates Global Legal Actions Against ASML and Carl Zeiss to Protect Patented Semiconductor Lithography Technology Nikon Corporation (“Nikon”) today initiated a series of legal actions in the Netherlands, Germany and Japan intended to halt infringement of its intellectual ...
CySec informs that a Cyprus Investment Firm renounced its authorisation
April 25th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform that, on 28th March 2017, the CIF A.A.M & Wealth Ltd (the ‘Company’), which provided investment services via the domain www.aamwealth.com, renounced its authorisation pursuant to ...
Bank of Russia revoked the licence of a Bank
April 25th, 2017
The Central Bank of the Russian Federation (Bank of Russia) has issued an announcement to inform on revocation of banking licence of credit institution Finars Bank and appointment of provisional administration. By its Order No. OD-1057, dated 21 April 2017, the ...
Trump is said to seek cutting corporate tax rate to 15 percent
April 25th, 2017
President Trump has instructed his advisers to make cutting the corporate tax rate to 15 percent a centerpiece of his tax-cut blueprint to be unveiled this week, according to people with knowledge of his plans, even if that means ...
