Search Results for: law
CySec announced the suspension and commencement of proceedings for the possible withdrawal of an ASP license
December 20th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the Administrative Services provider authorisation of Blaustein Corporate Services Ltd (‘the Company’), with number 171/196, is suspended on December 8 2016, pursuant to section 15(1)(b) ...
CySec announced Continuance of suspension and commencement of proceedings for the possible withdrawal of a CIF license
December 20th, 2016
Following the announcement dated 29th September 2016, the Cyprus Securities and Exchange Commission (CySec), after a decision at the meeting dated 28th November 2016, announces that the authorisation of the Cyprus Investment Firm Best Choice FBC Ltd (‘the Company’), ...
IMF head Christine Lagarde found guilty in French negligence court case
December 20th, 2016
IMF head was French finance minister in 2008 when billionaire was given $425M payout The high-flying career of Christine Lagarde, the head of the International Monetary Fund, hung in the balance Monday after a special French court convicted her ...
Authorities Allege $1 Billion Fraud at Platinum Partners
December 20th, 2016
In June 2014, the founder of hedge fund Platinum Partners sent a panicked email to his partner. “It can’t go on like this,” wrote Mark Nordlicht, fretting about mounting requests from investors for their money back. “This is code ...
New Kuwait government plans to increase water and electricity tariffs
December 19th, 2016
New Kuwait government plans to increase water and electricity tariffs Despite the messages from Government circles to the new lawmakers to close the old chapter and open a new one at the start of the new parliamentary term, it ...
Trump, Russia and China
December 19th, 2016
Even before he takes office, President-elect Trump is turning the world upside down. It has become clear his attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the ...
CySec approves two new Administrative Services Providers
December 19th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued announcements to inform that the Commission has approved two new firms as Administrative Services Provider (ASP). According the announcements, the below firms have been approved: a) Dynasource Consultancy Limited 67 Lemessou Avenue, ...
Fairfax Financial to Acquire Allied World for $4.9 Billion in Cash and Stock
December 19th, 2016
Cash and share offer with dividend for total value of $54.00 per Allied World share – $10.00 in cash and $44.00 in Fairfax Shares 18% premium to the last close per Allied World share Fairfax has the option to ...
EU could strip the City of London of its euro clearing business
December 18th, 2016
The European Union could once again try and strip the City of London of its euro clearing business, according to a Financial Times report. The FT reports that European Commission is considering a change that would allow the European ...
Singaporean court convicts private banker in 1MDB money laundering case
December 16th, 2016
Yvonne Seah Yew Foong, a former BSI SA private banker, became the second person to be convicted in Singapore’s probe into alleged money laundering linked to 1Malaysia Development Bhd. Judge Salina Ishak found Seah guilty of three charges in ...
