Search Results for: law
Assets of collapsed Forex broker appeared insufficient to repay creditors
April 19th, 2017
Following last week Breaking News in relation to Auckland-based foreign exchange broker Forex Brokers collapse, today we have learned that the said collapsed broker owes creditors more than $10 million and its assets appeared insufficient to repay creditors even half a cent ...
British PM Theresa May called for a general election: What you need to know
April 19th, 2017
The UK looks set to have a general election on 8 June. Here’s what you need to know. What has happened? The UK Prime Minister Theresa May has announced that she wants to hold a general election on 8 ...
JPMorgan accused of fraud over tech company sale
April 19th, 2017
JPMorgan steered a technology company client to sell itself to BlackBerry at a knockdown price because it wanted to win lucrative future investment banking business from the smartphone pioneer, according to an investor lawsuit. The lawsuit filed on behalf ...
Google reaches settlement in antitrust case in Russia
April 19th, 2017
In relation to an antitrust case in Russia, the Federal Antimonopoly Service of the Russian Federation (FAS) has issued an announcement to inform that its has reached a settlement with Google. According the announcement: On April 17, 2017, the ...
Italian judge banned Uber from Italy
April 14th, 2017
The ride-hailing company Uber is no stranger to controversy and regulatory issues. The latest of these roadblocks now comes from Italy, as the European country decided on April 7 to ban Uber’s service nationwide. The ban came as a ...
The US$200 million investment scam; hunt is on
April 13th, 2017
Investigators looking into a financial scam that took Dubai residents for tens of thousands of dollars have shifted their focus to recovering about US$200 million (Dh734.5m). The sum is believed to have been siphoned from a Dubai branch of ...
EU Justice Scoreboard 2017: justice systems becoming more effective, but challenges remain
April 13th, 2017
The European Commission publishes the 2017 EU Justice Scoreboard which gives a comparative overview of the efficiency, quality and independence of justice systems in the EU Member States. Its aim is to assist national authorities to improve the effectiveness of ...
Bitcoin value rises over $1 billion
April 13th, 2017
Bitcoin value rises over $1 billion as Japan, Russia move to legitimize cryptocurrency Bitcoin price has risen over 8 percent in the last week Japan passed a law to accept bitcoin as a legal payment method Russia is reportedly ...
CySec informs CIFs for France’s legislation about advertising speculative, complex and risky products
April 12th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular (C202) to inform Cyprus Investment Firms (CIFs) in relation to France’s national legislation regarding the prohibition of electronic advertising to retail investors when offering speculative, complex and risky ...
The Libor trials: Where we are now
April 12th, 2017
Barclays sent shockwaves through the City when, in July 2012, it was fined nearly £300m by British and US regulators for its role in the Libor-rigging scandal. Days later, then chief executive Bob Diamond handed in his notice. The ...
