Search Results for: legal
Bank of Russia revoked the banking licence from a credit institution
April 6th, 2017
By its Order No. OD-872, dated 5 April 2017, the Bank of Russia revoked the banking licence from the Kazan-based credit institution LIMITED LIABILITY COMPANY TATARSTAN AGRICULTURAL AND INDUSTRIAL BANK or LLC TATAGROPROMBANK (Registration No.728) from 5 April 2017. The decision was made following the complete loss of capital by LLC TATAGROPROMBANK, ...
China court orders Samsung to pay $11.6 million to Huawei over patent case: local media
April 6th, 2017
A Chinese court has ordered Samsung Electronics‘s mainland subsidiaries to pay 80 million yuan ($11.60 million) to Huawei Technologies for patent infringement, the China firm’s first victory against Samsung on its legal challenges over intellectual property. Three units ...
Bitcoin Could Soon Be Accepted at 260,000 Stores in Japan
April 5th, 2017
Japan’s legal classification of bitcoin as a payment method is set to trigger a bitcoin boom in adoption as retailers make haste to accept the world’s most popular cryptocurrency. Late last year, Japanese officials took the formal decision to ...
‘What, no handshake?’ Swedish company sued over job interview turned sour
April 5th, 2017
Sweden’s discrimination ombudsman (DO) has sued a company for calling off a woman’s job interview over a handshaking disagreement, the local media reported. According to the report, the woman was called to a job interview in Uppsala with a ...
UK law firm to launch an AI robot to replace underperforming law firm partners
April 3rd, 2017
UK law firm Aaron & Partners LLP today announces the launch of AaronBot – an innovative artificial intelligence (AI) robot designed to replace underperforming law firm partners. Following on from the success of its ‘Expel Your Partner’ app – ...
Uber faces court battle over VAT bill
April 1st, 2017
Tech giant Uber has been threatened with UK court action over its approach to VAT, which campaigners feel are taking the UK taxpayer for a ride. While firms providing transport services should charge the standard rate of VAT for ...
Italy court acquits S&P in credit rating case
March 31st, 2017
A judge for the criminal division of the Tribunal of Trani on Thursday acquitted Standard & Poor (S&P) officials over market manipulation charges. The credit rating agency was accused of contributing to the economic woes suffered by the country by ...
Singapore and Malaysian Law Firms launch Fintech practice
March 30th, 2017
The surge of financial technology into the mainstream in both Singapore and across the border in Malaysia has encouraged two prominent regional law firms to establish dedicated fintech practices. Allen & Gledhill and Rahmat Lim & Partners have jointly ...
International law firm is opening a new tech innovation space
March 28th, 2017
Allen & Overy is opening Fuse, a new tech innovation space where tech companies, Allen & Overy lawyers, technologists and their clients will collaborate to explore, develop and test legal, regulatory and deal-related solutions. The legal market is embracing ...
SFC fined in total $15 million Merrill Lynch Far East and Merrill Lynch (Asia Pacific)
March 27th, 2017
The Securities and Futures Commission (SFC) has resolved its concerns with Merrill Lynch Far East Limited (MLFE) and Merrill Lynch (Asia Pacific) Limited (MLAP) over internal control failures. Under the resolution, the SFC reprimanded and fined them a total of ...
