Search Results for: law
Central banks and gold
March 5th, 2017
The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually ...
JPMorgan deploys software to reduce legal contract work
March 3rd, 2017
The bank has created software which reviews deals in seconds – a task that took lawyers some 360,000 hours every year. JPMorgan Chase introduced the software, COIN, for Contract Intelligence, to interpret commercial loan agreements that, until the project ...
Apple’s U.K. Suit Against Qualcomm Adds to Global Patent War
March 3rd, 2017
Lawsuit filed Thursday cites claim on patents and designs Apple says Qualcomm unfairly charges royalties for technology Apple Inc. sued Qualcomm Inc. in a U.K. court, adding to lawsuits across the globe in a sprawling battle over patents and ...
$299 million in compensation to investors; CSA published 2016 Enforcement Report
March 2nd, 2017
Canadian Securities Regulators introduce innovative initiatives and increase collaboration to deter market misconduct The Canadian Securities Administrators (CSA) today released its 2016 Enforcement Report. The ninth annual report highlights actions taken across Canada to deter and sanction wrongdoing in ...
Air bag manufacturer pleads guilty to fraud; To pay billions in fines
March 2nd, 2017
Japanese automobile parts manufacturer Takata pleaded guilty on Monday to wire fraud arising out of air bag defects that killed 16 people. Takata was sentenced to pay $1 billion in fines, victim compensation and compensation to the auto manufacturers ...
Can the entire Israeli Binary Options industry shut down?
March 2nd, 2017
At Knesset session, supporters of widely fraudulent industry that fleeces victims worldwide say bill to ban it would put 80,000 Israelis out of work. Unfazed, regulators, police and legislators vow to expedite law Two advocates for Israel’s widely fraudulent ...
Snapchat IPO considered overvalued by analysts
March 1st, 2017
Snapchat owner Snap Inc. hopes to fetch between $14 and $16 per share in its initial public offering this week but analysts think it may be overvalued. The popular mobile app, which allows users to send photos and videos ...
Former deputy attorney-general of Cyprus was sentenced to 3.5 years in prison
March 1st, 2017
Former deputy attorney-general Rikkos Erotokritou was sentenced to 3.5 years in prison on Wednesday for his involvement in a conspiracy with the Andreas Neocleous law firm in 2013. Panayiotis Neocleous, one of the law firm’s partners and son of ...
ASIC commences civil penalty proceedings against Australian Bank
March 1st, 2017
ASIC has today commenced civil penalty proceedings in the Federal Court against Westpac Banking Corporation (Westpac) for a number of contraventions of the responsible lending provisions of National Consumer Credit Protection Act 2009 (Cth) (the National Credit Act). ASIC ...
Israel Tax Authority probing 30,000 more Israelis’ US accounts
February 28th, 2017
Information from the IRS will be cross-checked with reports by Israelis about their overseas assets. The Israel Tax Authority today announced that in recent days, it had obtained additional information about 30,000 accounts at US financial concerns belonging to ...
