Search Results for: law
ASIC bans Sydney finance broker and cancels licence
May 7th, 2015
ASIC has banned a Sydney finance broker from engaging in credit activities for three years and cancelled her Australian credit licence. An ASIC investigation found that Ms Siv Lim of Cabramatta had arranged credit for customers of a Parramatta ...
Carbon Trade Exchange to Enable ‘Clean Power’ Allowances
May 7th, 2015
Supports first mandatory cap-and-trade program in the US limiting carbon emissions in Northeast New exchange to provide liquidity for power companies, banks, brokers and traders Carbon Trade Exchange (CTX), the largest electronic spot trading exchange for global carbon credits, today ...
Greece makes IMF payment but hopes of quick deal dashed
May 6th, 2015
Greece made a small interest payment to the International Monetary Fund on Wednesday but European lenders dashed hopes for a cash-for-reforms deal before a more crucial, bigger installment Athens must pay next week. Leftist Prime Minister Alexis Tsipras‘ government ...
US authorities throw the book at Ripple Labs
May 6th, 2015
Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange. According to the charge sheet brought by US authorities, Ripple Labs, and its ...
A Digital Single Market for Europe: EU Commission sets out 16 initiatives to make it happen
May 6th, 2015
The Internet and digital technologies are transforming our world – in every walk of life and in every line of business. Europe must embrace the digital revolution and open up digital opportunities for people and businesses. How? By using ...
BofA Paying $315 Million to Settle With BNP, Deutsche Bank
May 6th, 2015
Bank of America Corp. agreed in March to pay a combined total of $315 million to settle lawsuits with Deutsche Bank AG and BNP Paribas Mortgage Corp. related to fraud losses at failed lender Taylor Bean & Whitaker Mortgage ...
Baker & McKenzie and FenXun Partners joint operation announcement adds unique capabilities to China competition practice
May 6th, 2015
The Joint Operation provides clients of both firms with an unprecedented platform to serve their international and PRC legal needs Baker & McKenzie and FenXun Partners recently announced that they had become the first international and PRC law firms ...
Tax rulings: “We need a common corporate tax base”, says Commissioner Vestager
May 6th, 2015
Why did the EU Commission take so long to launch investigations into member states’ tax rulings? Is its strategy to go only after small countries, such as Belgium, the Netherlands, Luxembourg and Ireland? Will the instruments available to it ...
Freshfields further strengthens its Japan dispute resolution and employment practice with two new partner appointments
May 5th, 2015
Freshfields Bruckhaus Deringer is pleased to announce the promotion of Akiko Yamakawa and Nicholas Lingard to partners of the firm, effective 1 May 2015. Akiko has been a member of Freshfields’ Tokyo office since 2000 and is well-known in ...
ASIC cancels AFS licences for failing to lodge annual statements
May 5th, 2015
ASIC has cancelled the Australian financial services (AFS) licences of four licensees that failed to lodge audited annual statements. These cancellations are the result of ASIC’s most recent proactive review of the conduct of 14 AFS licensees operating in ...
