Search Results for: law
CySec: Abolishment of requirement to publish an Annual Bulletin
March 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued a circular informing the investors that, according to the recent amendments to the Public Offer and Prospectus Law of 2005 (L.114(Ι)/2005) with L.63(Ι)/2013, the requirement for reparation and publication of the ...
FBI shooting after Boston bombing was justified, investigator says
March 26th, 2014
The shooting death of Ibragim Todashev, an associate of the alleged mastermind of the Boston Marathon bombing who was killed in a scuffle with FBI agents, was justified, Florida’s Ninth Circuit State Attorney Jeffrey L. Ashton said in an ...
HMRC debt recovery powers will need to be ‘bomb-proof’
March 26th, 2014
IT WAS SOMETHING of a slow burner, but once people noticed HMRC may be granted the power to directly deduct tax owed from debtors, the concerns began to surface. Ethical issues were raised over the legitimacy of such a ...
CySec fines Dragon Capital Ltd
March 26th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement giving the Dragon Capital (Cyprus) Ltd company the administrative fine of €12.000. CySec highlights that the fine given to Dragon Capital (Cyprus) Ltd is for the violation of The ...
Why Companies Suffer Large, Unexpected Credit Losses
March 26th, 2014
For companies that sell business-to-business products and services, many things can contribute to a company incurring a loss from a bad debt. The most important factor is probably the quality of the organization’s finance and credit management process. But ...
Clifford Chance escapes £130m derivatives negligence claim as case settles
March 26th, 2014
JP Morgan’s £130m legal battle with Berlin’s public transport provider BVG in which Clifford Chance was implicated for allegedly providing negligent advice has settled. The mammoth battle was one of the first cases involving derivatives concluded by European public ...
ASIC accepts enforceable undertaking from Franchelen Pty Ltd
March 26th, 2014
ASIC has accepted an enforceable undertaking (EU) from Franchelen Pty Ltd (Franchelen), after an investigation found they engaged in unlicensed credit activity. ASIC’s investigation looked at the financing offered by Franchelen to consumers who were purchasing units in a ...
First legal steps taken against Malaysia Airlines, Boeing
March 26th, 2014
A Chicago-based attorney has taken the first formal legal steps related to Malaysia Airlines Flight 370, the opening shot in what promises to be a sustained litigation campaign. Monica Kelly, a lawyer at Ribbeck Law, asked an Illinois state ...
Rich Chinese overwhelm U.S. visa program
March 26th, 2014
A dramatic surge in interest from wealthy Chinese is threatening to overwhelm a U.S. program offering investors green cards in exchange for cash. The number of applicants is now so great that the government might run out of permits. ...
HMRC new account raiding powers are “draconian”
March 24th, 2014
NEW POWERS which will allow HMRC to raid bank accounts are “draconian” and could lead to an abuse of power suggest a tax reform group and ACCA. The March Budget saw HMRC given powers to take money from bank ...
