GOVERNANCE
07 September 17:35
Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril"...
Reuters News
07 September 02:00
Matching rights are coloring bidding wars and instigating courtroom fights. For proof, look no further than the recent flurry of bids from Dell and Hewlett-Packard and...
Precedent Watch
06 September 00:15
Corporate governance practices in China have caused brows to furrow among China-based businesses, with companies from China National Offshore Oil to China Mobile and…
Precedent Watch
03 September 02:00
Dodd-Frank's near disdain for credit ratings agencies has created new confusion, this time around in the money market...
More Precedent
01 September 02:30
Proxy access is here, and corporations will soon need to make more room on their ballots. And as the icing on the proxy access cake, the new rules will be here in just sixty short days…
Precedent Watch
01 September 01:00
American industrial giant 3M has proposed a billion-dollar acquisition of biometric identification solutions provider Cogent, Inc…
More Precedent
27 August 12:10
Former longtime AIG chief Maurice "Hank" Greenberg and another former executive will get $60 million from the company's insurers to cover legal and other costs as part of a proposed settlement of...
More Headlines
25 August 01:00
In a sea of outbound investment activity among Chinese companies, the business goals and IPO of one company in particular is turning heads. Lizhan Environmental Corporation is preparing to…
More Precedent
23 August 10:20
Casey's General Stores, the U.S. chain that is the target of a hostile takeover bid by Canada's Alimentation Couche-Tard, appealed to shareholders...
Reuters News
23 August 09:44
Marks & Spencer, Britain's biggest clothing retailer, has added some investment banking clout to its boardroom, naming veteran City heavyweight Robert Swannell as successor to...
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23 August 08:37
Potash Corp has held discussions with China's Sinochem Group, said a source close to the matter...
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23 August 02:11
Real estate firm Egyptian Resorts said its board of directors agreed to take back a piece of land the company had sold for about $11 million after the buyer failed to meet some sale requirements...
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22 August 21:25
British oil explorer Dana Petroleum will press Korea National Oil Corp to drop its 1.87 billion pound ($2.9 billion) hostile takeover bid and raise the offer in return for board recommendation...
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19 August 17:10
Duoyuan Global Water, China’s leading water treatment equipment supplier, has fared well through the nation’s flood season. Guo Wenhua, the company’s CEO, recently announced the results of its second fiscal quarter on August 18 2010…
More Precedent
19 August 01:30
In boomtown Macau, Melco Crown Entertainment has been busy tending to securities housekeeping. The casino operator, which has also branched into…
More Precedent
18 August 03:30
The corporate veil is proving to be thin armor, as the SEC and shareholders are taking corporate transgressions quite personally. Both groups are fighting back via…
Precedent Watch
18 August 02:30
A $25 million sideline acquisition has gushed into a $750 million merger between Nabors Industries and Superior Wells Services…
More Precedent
12 August 17:30
A sea of change is engulfing General Motors Co., as CEO Ed Whitacre just announced that he will resign and hand over the reins of…
More Precedent
12 August 13:07
General Motors Co posted its biggest quarterly profit in six years and CEO Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake...
More Headlines
12 August 12:00
Wall Street bonuses likely will rise this year, despite the regulatory cloud hanging over compensation, as the financial sector recovers from recession faster than the broader U.S. economy...
More Headlines
12 August 01:00
Pity the Special Committee – they’re called into being amidst high pressure transactions, like the restructurings of Magna or Canwest, yet are given precious little direction…
Precedent Watch
09 August 02:30
Golden shares may once have been a prerequisite of privatisations in Europe, but they appear to be fool’s gold now, as seen by Portugal Telecom’s recent clash with the European Union…
Precedent Watch
05 August 01:00
UK regulators are coming down hard on unscrupulous directors of insolvent companies in England and Wales, using the full remit of their powers to disqualify more…
Precedent Watch
28 July 03:00
Subprime chickens are still coming home to roost for hedge funds like Highland Capital Management and one-time fund operator Carlyle Group, which have been the targets of recent lawsuits…
Precedent Watch
28 July 01:00
Contrary to other industries’ credit woes, Israel’s cash-laden Radvision has announced an offer to repurchase nearly a million of its shares representing 5% of the company’s voting power…
More Precedent
27 July 13:15
Russian metals giant Norilsk Nickel said it was ready to publish all the ballots cast in the board elections to counter allegations from UC RUSAL that it had manipulated the results...
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22 July 22:18
One of the toughest struggles in the negotiations was just how interwoven Volvo had become with the wider Ford Motor Group including safety and in-car-entertainment equipment...
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21 July 00:30
Directors of public issuers are on the firing line. Investors and regulators are looking carefully into how directors are elected and whose interests they represent…
Precedent Watch
20 July 01:00
The initial public offering of China-based Ambow Education Holdings spotlights a notable sector blooming in the PRC: the increasingly lucrative industry of privatized education…
More Precedent
19 July 03:11
Bailed-out insurer American International Group Inc (AIG) named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on...
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15 July 02:00
A group of former Israeli Air Force fighter pilots has taken a dogfight to the boardroom as Israel’s Magal Security Systems braces for a potentially bruising proxy battle…
More Precedent
14 July 03:00
Before our very eyes, the SEC is transforming from a regulatory zero to a regulatory hero. After being widely criticized for dropping the ball on…
Precedent Watch
14 July 02:00
When Magna International’s directors announced in May that shareholders would be given the opportunity to eliminate Magna’s dual class share capital structure...
More Precedent
13 July 12:22
The board of American International Group Inc is expected to meet this week to consider the future of the insurer's Asian life business, AIA...
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12 July 02:00
In a sudden blast from the past, details of the US$1 billion deal between China Unicom and Spain’s Telefonica last year have finally been disclosed. The subscription agreement...
More Precedent
11 July 01:00
Taking public companies private ascribes new meaning to the Latin maxim, e pluribus unum. Abu Dhabi’s publicly listed Aabar Investments PJSC has announced…
Precedent Watch
09 July 02:00
Lenovo-affiliate and tech giant AsiaInfo Holdings, Inc. just completed its merger with Linkage Technologies Holdings…
More Precedent
09 July 01:30
China’s green energy sector may be conjuring up more images of green dollar bills than healthy fields of grass these days. The country’s presence as a major alternative energy mover...
Precedent Watch
06 July 02:00
Clawbacks’ talons are sharpened by Dodd-Frank’s reforms, though in truth they were already ripping into executive wallets…
Precedent Watch
05 July 02:00
Just when companies welcomed a sign that the SEC might be backing down on its backdating pursuit, the hammer of the plaintiffs’ bar has struck a blow for corporate transparency…
Precedent Watch
30 June 03:30
Oil Refineries Ltd, Israel's largest oil refinery, and a syndicate of local banks led by Bank Hapoalim signed an agreement for a loan of $600 million...
More Headlines
28 June 02:00
Showing off its bend toward innovation, Vishay Intertechnology, Inc., has just spun out its subsidiary Vishay Precision Group, Inc., onto the NYSE…
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25 June 04:04
Abu Dhabi's Aabar Investments, the largest stakeholder in Daimler, called a July 26 shareholder meeting to discuss delisting the company to boost flexibility...
More Headlines
24 June 03:00
Shareholders perk up sharply around any discussion of executive perks – and rumblings around these benefits have been increasing at companies like Abercrombie & Fitch…
Precedent Watch
22 June 18:28
JPMorgan Chase & Co reshuffled three top executives, including its chief financial officer, as part of an effort to ensure a deep bench of executives who could eventually succeed CEO Jamie Dimon...
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21 June 12:28
Shareholders of Fujitsu Ltd voted for all of its board members, including two whom a proxy adviser had recommended be removed following a scandal over the resignation of the company's former president...
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21 June 09:43
Brazil's government is likely to take a big step toward tightening its grip on state oil company Petrobras on Tuesday, when shareholders vote on an estimated $80 billion capital injection...
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07 June 02:00
A new corporate governance code in the UK has set out to attack the “fungus” of prior governance misdeeds as the Financial Reporting Council (FRC) seeks to create…
More Precedent
21 May 05:00
Many companies have removed supermajority voting rules in recent years in response to shareholder criticism. At long last, Macy’s has stepped into the changing room as well…
More Precedent
19 May 01:00
Whopping $500 million fines are just one reason sanctions and anti-money laundering measures continue to haunt international commerce. With advances in…
Precedent Watch
04 May 07:00
Independent directors are increasingly finding themselves in the legal cross-hairs of irate shareholders and the SEC. Recent derivative lawsuits have targeted the directors of companies as diverse as Landry's Restaurants and Boulder Growth & Income Fund…
Precedent Watch
04 May 02:00
When it comes to multi-billion dollar investments, big oil companies are no more immune to cold feet than the rest of us. Published reports of warming relations between ConocoPhillips and the UAE appear to have been premature…
More Precedent
29 April 08:00
Where the SEC goes, plaintiffs' lawyers are sure to follow. But in the case of Goldman Sachs, they’ve charged ahead straight into the C-suite, alleging far broader levels of misdeed…
More Precedent
15 April 08:00
Poison pills may be at new lows, but their litigation is on the upswing. For frustrated acquirers like Astellas (by OSI) and Versata (by Selectica), they remain hard pills to swallow…
Precedent Watch
15 April 06:00
Video rental chain Blockbuster is in dire straits, having disclosed in recent SEC filings that it faces bankruptcy. Even Carl Icahn is unloading his stock…
More Precedent
08 April 10:00
The cherished duty of loyalty may be tying the hands of real estate directors by placing boards at odds with corporate stakeholders such as lenders and unsecured bondholders...
Precedent Watch
06 April 10:00
Non-executive directors might have us believe that ‘much may be done in those little shreds and patches of time which every day produces, and which most men throw away’ but shareholders may beg to differ…
Precedent Watch
26 March 08:00
Indiana is home to the Colts, the Indy 500, and as of recently, a very board-friendly corporate code. Ball Corp, WellPoint, and Lincoln National have all received shareholder proposals calling for the companies to re-domisticate or…
Precedent Watch
26 March 04:00
The Basel Committee has sought to increase the minimum standard of international corporate governance for banks by publishing a new consultation paper on Principles for Enhancing Corporate Governance…
Precedent Watch
16 March 08:00
Compensation committee independence is front and center in the battle over executive pay, with Goldman Sachs the latest to receive proposals about CEOs on their board. The concern: CEOs indirectly benefit from…
More Precedent
05 March 10:00
Goldman’s equity-based pay packages are back in spotlight, as Goldman’s managing directors face new requirements from the financial services giant. MDs are now being required to hold more equity…
More Precedent
05 March 08:00
Named after the Chinese word for peace, Ping An Insurance’s latest move is generating anything but a peaceful response. Recently, Ping An announced that it will be gradually unlocking…
More Precedent
04 March 06:00
Out with the old and in with the new is rarely the case when it comes to classified boards, but corporate governance tides are rising against staggered boards. Companies like e-Bay, E*Trade Financial, and…
Precedent Watch
18 February 07:30
The 2010 season is shaping up to be a doozie for proxy fights. Perennial activist investor Carl Icahn has already announced his third proxy fight in as many years at Biogen Idec and U.S.-style proxy fights have played out at Germany’s…
Precedent Watch
05 February 08:00
Shareholder rights are pressed by the SEC, activists...and John. John Chevedden's one man shareholder rights band. Amazon.com, International Paper, and Halliburton…
Precedent Watch
04 February 11:00
The Federal Reserve earlier this week launched a website designed, essentially, to teach bank directors how to be a director...
More Precedent
03 February 12:00
As shareholder meetings near for companies across the globe, many face corporate governance changes. In the UK, Domino Printing Sciences plc has issued a Notice of Annual General Meeting (AGM)…
More Precedent
26 January 11:00
Shareholder activism may be the key this year to empowering and advancing shareholder interests. For an example of activism in action, look no further than Take Two Interactive Software...
More Precedent
25 January 09:00
Goldman, it seems, has pulled the proverbial white flag and has decided to fight for its preferred executive compensation structure after all. The SEC recently released seven no action requests filed last week by...
More Precedent
22 January 14:00
If recent no act letters are any indication, the separation of chairman and CEO may, yet again, be a hot proxy topic for shareholders this year. Two major companies have received proposals recently and…
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15 January 06:00
The London Stock Exchange is remaking itself, in a clear quest not only to retain its dominance in the UK, but to grow it. With DP World and Pearl recently announcing planned Premium Listings on the LSE, the message is clearly getting out. Less publicized, though, is the challenge posed to …
Precedent Watch
12 January 06:30
In an era of hyper-sensitivity to executive compensation, Disney’s recent moves shine a light on standards outside of the financial services industry...
More Precedent
31 December 08:00
The credit crisis roared like a lion in early 2009 and the reverberations affected M&A transactions throughout the year. Strategic M&A deals, including Pfizer /Wyeth, Berkshire Hathaway/Burlington Northern Santa Fe, and Disney/Marvel were…
Precedent Watch
29 December 16:00
Whole Foods Market shareholders are in for a savory a two course meal of governance changes. John Mackey, the co-founder, CEO, and now former chairman, recently…
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29 December 14:00
Shareholder proposals on poison pills could be hotbed of activity this proxy season. Serving as a notable early indication may be pharmaceutical company Mylan’s recent No Act...
More Precedent
24 December 10:00
In a more subtle preparation for a possible takeover of Cadbury, Kraft Foods sweetened its Board of Directors. It has just amended its bylaws to allow the expansion of the board to twelve members…
More Precedent
17 December 12:00
Comverse Technology Inc settled a class action lawsuit over stock options backdating on Thursday for $225 million, with ex-CEO Jacob "Kobi" Alexander, who fled to Namibia, contributing $60 million…
Precedent Watch
15 December 15:00
The Securities and Exchange Commission announced Monday that it is extending the comment period for the heavily debated...
More Precedent
07 December 14:24
EBay has put its former chief executive, Meg Whitman, on the witness stand on Monday to make the case that Craigslist unfairly denied the Internet giant a seat on its board...
Reuters News
01 December 15:30
Governance changes are a necessary part of going public, as KAR Auction Services, Inc. has confirmed. KAR, a leading provider of vehicle auction services, has amended its IPO filings from…
More Precedent
17 November 09:00
Horse racetrack Churchill Downs announced it has entered into voting agreements with Youbet stockholders and directors, concurrently with the agreement and plan of merger…
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05 November 16:30
Corporate governance, director independence, and internal controls are a hot button business issue from New York to Shanghai. China Carbon Graphite Group, Inc…
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04 November 13:00
Cascade Bancorp entered into a Securities Purchase Agreement last week with David F. Bolger and BOTC Holdings LLC an affiliate of Lightyear Fund II, L.P., for the purchase and sale of...
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29 October 12:40
In a concession to aggressive tactics by activist shareholders, State Bancorp Inc of New York has invited said activist to join its Board. In particular, the company elected Richard Lashley, a …
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27 October 17:15
Outspoken activist investor Nelson Peltz is set to join the board of asset manager Legg Mason. Peltz’s Trian Partners and affiliates own 4.3% of…
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08 September 13:35
Oracle Corp offered its new co-president, Mark Hurd, former head of Hewlett-Packard Co, a salary of $950,000 and a bonus of up to $10 million for fiscal 2011, plus stock options...
More Headlines
08 September 07:41
For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman...
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06 September 00:15
Corporate governance practices in China have caused brows to furrow among China-based businesses, with companies from China National Offshore Oil to China Mobile and…
Precedent Watch
03 September 02:00
While clawbacks are a top focus for U.S. regulators, Canadian players are taking a decidedly mixed approach...
Precedent Watch
27 August 12:10
Former longtime AIG chief Maurice "Hank" Greenberg and another former executive will get $60 million from the company's insurers to cover legal and other costs as part of a proposed settlement of...
More Headlines
26 August 02:00
While it still beats coach, more corporate CEOs are being required to pay for their personal use of corporate jets...
More Precedent
13 August 19:10
Goldman Sachs Group Inc said several top company officials, including Chairman and Chief Executive Lloyd Blankfein, exercised stock options this week and...
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12 August 13:07
General Motors Co posted its biggest quarterly profit in six years and CEO Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake...
More Headlines
12 August 01:00
Pity the Special Committee – they’re called into being amidst high pressure transactions, like the restructurings of Magna or Canwest, yet are given precious little direction…
Precedent Watch
30 July 01:30
As luxury retail sputters, high end retailer Neiman Marcus seems to be attempting to inject new life into its existing employees by way of new compensation incentives…
More Precedent
22 July 04:26
Investment banks are once again luring top rival talent with generous guaranteed pay packages that may convince a top banker to jump ship, while also inviting scrutiny from regulators across the globe...
More Headlines
09 July 02:00
Lenovo-affiliate and tech giant AsiaInfo Holdings, Inc. just completed its merger with Linkage Technologies Holdings…
More Precedent
06 July 14:00
Kohlberg Kravis Roberts & Co co-founders Henry Kravis and George Roberts were each paid about $22 million last year in fee and other income, and together own about...
Reuters News
06 July 02:00
Clawbacks’ talons are sharpened by Dodd-Frank’s reforms, though in truth they were already ripping into executive wallets…
Precedent Watch
05 July 02:00
Just when companies welcomed a sign that the SEC might be backing down on its backdating pursuit, the hammer of the plaintiffs’ bar has struck a blow for corporate transparency…
Precedent Watch
28 June 02:00
Showing off its bend toward innovation, Vishay Intertechnology, Inc., has just spun out its subsidiary Vishay Precision Group, Inc., onto the NYSE…
More Precedent
25 June 10:14
The vote on Magna International Inc's plan to pay its founder nearly $900 million to give up his controlling shares will go ahead, but only after the company complies with an order by an Ontario regulator...
Reuters News
25 June 03:00
Williams-Sonoma is cooking up some new executive compensation agreements and perquisites. In recent regulatory filings, newly appointed...
More Precedent
24 June 03:00
Shareholders perk up sharply around any discussion of executive perks – and rumblings around these benefits have been increasing at companies like Abercrombie & Fitch…
Precedent Watch
24 June 02:00
The financial crisis has been attributed, in part, to flaws in incentive-based compensation practices, and their systemic impact. Regulators are fixin' to fix it. Toward that end...
More Precedent
18 June 04:31
Sony Corp CEO Howard Stringer took home $4.5 million plus stock options in the past financial year -- when the electronics giant lost close to $450 million -- making him one of the highest paid executives...
More Headlines
18 June 03:37
Tesco, the world's No.3 retailer, could face a revolt over executive pay after investor lobby groups urged shareholders to vote against the company's remuneration report at its July 2 annual meeting...
Reuters News
14 June 02:00
In what may be a sign of a new norm in executive perquisite levels, Abercrombie & Fitch Co recently scaled back the use of its aircraft by Chairman and CEO Michael Jeffries...
More Precedent
31 May 01:00
Here’s one for legal precedent banks: In a rarely seen insight into UK employee compensation schemes, Reed Elsevier, the Anglo-Dutch publishing group, has filed…
More Precedent
31 May 00:30
As the first proxy season for say on pay votes at a number of Canadian companies comes to a close, observers may well be mystified by the results...
Precedent Watch
28 May 10:30
Stephen Green fended off attacks on HSBC's pay plans, including a stinging rebuke from one of its biggest shareholders, and warned that Europe's biggest bank was bracing for further economic shocks...
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11 May 02:00
The notes of “We Like to Party” can be imagined to have played as Six Flags announced its emergence from bankruptcy. In addition to a new corporate name, structure and financing, the company entered into…
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03 May 04:00
Employment prospects in the oil industry are burning brightly at least for one executive, as evidenced by oilfield services provider Schlumberger’s promotion of…
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27 April 04:00
Ladbrokes, the online betting and gambling company, has become one of the latest companies to propose a tough new executive compensation scheme to align director remuneration with shareholder value…
More Precedent
19 April 03:00
The returns of say on pay votes for the remaining big Canadian banks are in, and have continued to be overwhelmingly positive…
More Precedent
16 April 01:00
Even the consultants need consulting, from the SEC no less, as to their disclosures. The Commission shone its bright light on Accenture, and in the process illuminated its own, broader concerns…
More Precedent
29 March 06:00
In light of all the fuss over the past year around shareholders wanting a say in executive pay, early returns on advisory votes at three Canadian financial services companies have proven to be somewhat of a surprise…
Precedent Watch
26 March 04:00
The Basel Committee has sought to increase the minimum standard of international corporate governance for banks by publishing a new consultation paper on Principles for Enhancing Corporate Governance…
Precedent Watch
17 March 02:00
A rare window into the secondment arrangements of UK companies was opened this week. This surrounds BP Corporation North America Inc’s secondment of Robert W Dudley to the UK office of BP Plc…
More Precedent
16 March 08:00
Compensation committee independence is front and center in the battle over executive pay, with Goldman Sachs the latest to receive proposals about CEOs on their board. The concern: CEOs indirectly benefit from…
More Precedent
05 March 10:00
Goldman’s equity-based pay packages are back in spotlight, as Goldman’s managing directors face new requirements from the financial services giant. MDs are now being required to hold more equity…
More Precedent
03 March 09:00
In the midst of the global financial crisis, financial executives were still making out like bandits. But at last, things may be looking up for compensation crusaders. Bank of America’s recently filed preliminary annual meeting proxy details...
More Precedent
03 February 12:00
As shareholder meetings near for companies across the globe, many face corporate governance changes. In the UK, Domino Printing Sciences plc has issued a Notice of Annual General Meeting (AGM)…
More Precedent
28 January 08:00
Though still early in proxy season, activist shareholders are already demanding a variety of changes to executive compensation disclosure and practices. Shareholders from companies diverging from Dow Chemical to Sprint, and Bank of America to Frontier Communications are…
Precedent Watch
25 January 09:00
Goldman, it seems, has pulled the proverbial white flag and has decided to fight for its preferred executive compensation structure after all. The SEC recently released seven no action requests filed last week by...
More Precedent
14 January 16:00
Bank compensation is now facing its latest regulatory threat, this one with actual costs attached, following rules proposed by the Federal Deposit Insurance Corporation (FDIC)…
More Precedent
07 January 06:00
Shareholder proposals and no action letters make it clear: bankers and their wallets are in for a rough 2010 proxy season. To wit: Amex, Citi and Bank of America, among other financial services companies, are fighting…
Precedent Watch
31 December 08:00
Executive compensation will be a hot button issue for activist shareholders in the upcoming proxy season – and if four recent Bank of America no action requests are any indication, it may be one of the earliest issues to emerge...
More Precedent
30 December 10:00
Nabors Industries Ltd, a Bermuda-based offshore drilling company, filed the second amendment to the executive employment agreements for...
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24 December 06:30
“Big dollars for bigwigs” could be the catchphrase for 2009 and a rallying cry as 2010 begins. With much focus on new disclosure requirements for banks in the U.S. and U.K., Canada is oft-overlooked. Yet it shouldn’t be…
Precedent Watch
17 December 12:00
Comverse Technology Inc settled a class action lawsuit over stock options backdating on Thursday for $225 million, with ex-CEO Jacob "Kobi" Alexander, who fled to Namibia, contributing $60 million…
Precedent Watch
14 December 06:30
Bankers’ thudding bonuses echo with regulatory “bah humbug”. Today’s big announcement by Goldman Sachs of its bonus changes is just the latest sign. Citi, Bank of America and other TARP-fleeing banks ought also to be careful – they may trip over Barclays, RBS and their UK peers…
Precedent Watch
08 December 06:00
With all the attention that executive compensation has been getting of late, it would only seem logical that Canadian issuers would take special care when it comes to compensation disclosures. According to the CSA, however…
Precedent Watch
03 December 06:00
Clawbacks and bonus busting continue to be a hot topic. The activity may be led by regulators, but it is no longer restricted to them. Instead, the SEC, the pay czar, and even private companies like Hertz are voluntarily getting in on the clawback action…
Precedent Watch
25 November 09:30
General Electric recently petitioned the SEC by way of No Action letter to omit information from its upcoming proxy. The company requested to omit a shareholder proposal recommending that…
More Precedent
18 November 15:30
Last week, reinsurance company Aon Corporation entered into an amended and restated employment agreement with Gregory C. Case, its President and CEO, which modifies the…
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05 November 17:00
Goldman Sachs may be re-dubbed "Governance Sachs" now that supermajority voting has been given the thumbs down, and enhanced shareholder rights the "thumbs up" at…
More Precedent
05 November 06:00
Who wouldn’t want to run a bank? Giant corner office, maybe the use of the bank’s private jet, and, best of all, a seven or even eight figure salary. Before you send in your application, though, you might want to consider some of the headaches that come along with that paycheck…
Precedent Watch
03 November 13:00
Amid the changeover in the financial services industry executive suite, it’s interesting to note what American Express has done. In a recent filing, the company confirmed the terms of a separation agreement with...
More Precedent
06 September 00:15
Corporate governance practices in China have caused brows to furrow among China-based businesses, with companies from China National Offshore Oil to China Mobile and…
Precedent Watch
02 September 10:15
A shareholder of Cogent Inc has sued the company's board, saying it agreed to sell the maker of identification systems too cheaply to U.S. manufacturer 3M Co...
More Headlines
01 September 02:30
Proxy access is here, and corporations will soon need to make more room on their ballots. And as the icing on the proxy access cake, the new rules will be here in just sixty short days…
Precedent Watch
25 August 11:42
Barnes & Noble Co said activist investor Ronald Burkle was unqualified to be on its board and accused the billionaire of trying to take over the bookseller through a proxy battle without rewarding shareholders...
Reuters News
23 August 10:20
Casey's General Stores, the U.S. chain that is the target of a hostile takeover bid by Canada's Alimentation Couche-Tard, appealed to shareholders...
Reuters News
18 August 03:30
The corporate veil is proving to be thin armor, as the SEC and shareholders are taking corporate transgressions quite personally. Both groups are fighting back via…
Precedent Watch
18 August 02:30
A $25 million sideline acquisition has gushed into a $750 million merger between Nabors Industries and Superior Wells Services…
More Precedent
16 August 14:30
Billionaire activist investor Carl Icahn said he has added energy companies NRG Energy Inc and Anadarko Petroleum Corp to his portfolio, and sold off most of his...
More Headlines
16 August 14:08
Union members at AstraZeneca have voted to strike over the proposed closure of the pharmaceutical giant's final salary pension scheme, the GMB union said...
More Headlines
12 August 17:30
A sea of change is engulfing General Motors Co., as CEO Ed Whitacre just announced that he will resign and hand over the reins of…
More Precedent
12 August 02:30
Liberty Media Corp. has turned to the courts to grease the skids for a proposed “split−off.” Liberty, a multi-faceted conglomerate with more than $16 billion in assets, has filed…
More Precedent
10 August 09:15
Industrial and Commercial Bank of China Ltd, the world's most valuable bank, said it would pay shareholders of its Hong Kong arm a 27 percent premium to take it private...
More Headlines
09 August 02:30
Golden shares may once have been a prerequisite of privatisations in Europe, but they appear to be fool’s gold now, as seen by Portugal Telecom’s recent clash with the European Union…
Precedent Watch
03 August 07:11
Sanofi-Aventis sent a takeover proposal valued at about $18.4 billion, or $69 per share, to biotechnology company Genzyme Corp and the two sides are discussing the offer...
More Headlines
28 July 09:53
Brazilian phone giant Oi said that Portugal Telecom would pay 8.44 billion reais ($4.77 billion) for stakes in the company and two operating units, as part of a broader plan to expand in Latin America and Africa...
Reuters News
23 July 17:00
Magna International said that about three-quarters of its subordinate shareholders approved a deal that would pay founder Frank Stronach upwards of...
Reuters News
22 July 04:26
Investment banks are once again luring top rival talent with generous guaranteed pay packages that may convince a top banker to jump ship, while also inviting scrutiny from regulators across the globe...
More Headlines
22 July 03:00
The oil and gas exploration and drilling industry faces a legal landscape being rapidly transformed by a yet-to-be determined number of lawsuits and several legislative proposals on the congressional fast track…
Precedent Watch
15 July 02:00
A group of former Israeli Air Force fighter pilots has taken a dogfight to the boardroom as Israel’s Magal Security Systems braces for a potentially bruising proxy battle…
More Precedent
14 July 03:00
Before our very eyes, the SEC is transforming from a regulatory zero to a regulatory hero. After being widely criticized for dropping the ball on…
Precedent Watch
13 July 11:45
The Ontario Teachers' Pension Plan said that additional information offered by Magna International on its proposal to eliminate its multiple-voting shares...
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09 July 01:00
Human rights policies are an increasing shareholder demand. Honeywell, Motorola, DuPont and even Halliburton have put the matter to a shareholder vote...
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05 July 02:00
Just when companies welcomed a sign that the SEC might be backing down on its backdating pursuit, the hammer of the plaintiffs’ bar has struck a blow for corporate transparency…
Precedent Watch
03 July 03:49
Mobinil shareholders approved the $130-million purchase of two internet assets from major shareholder Orascom Telecom...
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29 June 02:00
Canadian investors have been sending mixed messages to public issuers over the past few months on topics such as corporate social responsibility and say on pay. Though some may have proven all bark…
Precedent Watch
29 June 00:30
Bankruptcy, even Chapter 11 reorganization, usually completely wipes out the company’s shareholders. But Smurfit Stone Container and…
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25 June 01:15
Magna International Inc must provide shareholders with more information in order to proceed with a vote on a plan that would pay its founder around $900 million for...
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21 June 09:43
Brazil's government is likely to take a big step toward tightening its grip on state oil company Petrobras on Tuesday, when shareholders vote on an estimated $80 billion capital injection...
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18 June 03:37
Tesco, the world's No.3 retailer, could face a revolt over executive pay after investor lobby groups urged shareholders to vote against the company's remuneration report at its July 2 annual meeting...
Reuters News
17 June 13:38
Bankrupt Washington Mutual Inc postponed a key hearing on Thursday, which the company's attorney said would allow more time to discuss with shareholders changes to its planned reorganization...
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10 June 03:00
When do bankers become conspirators? In the wake of the Lehman and LandAmerica bankruptcies, a lot earlier than you might think – just ask UBS or JPMorgan, and maybe even SunTrust...
Precedent Watch
09 June 05:35
Some of Prudential's largest investors will demand a shake-up of the company's leadership over its handling of a botched $35.5 billion bid to takeover AIG's Asian unit, British media reported on Wednesday...
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02 June 17:37
Billionaire investor Warren Buffett distanced himself from embattled credit rating agencies, saying they have lost some of their appeal as an investment amid criticism over their role in propelling the financial crisis...
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02 June 16:32
The dramatic unravelling of UK insurer Prudential's bid for AIG's Asian life unit heralds an era of aggressive shareholders taking boards to task, contrasting with the all-bark-no-bite attitude of the past...
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27 May 05:45
Shareholders holding up to 15 percent of British insurer Prudential Plc's shares plan to write to the chairman saying they oppose the company's $35.5 billion takeover of AIG's Asian arm...
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25 May 03:00
Alongside China’s big banks, the country’s smaller state-owned lenders are also scouring for cash through bond or share sales. Overseas financial companies have partnered with…
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21 May 05:00
Many companies have removed supermajority voting rules in recent years in response to shareholder criticism. At long last, Macy’s has stepped into the changing room as well…
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19 May 01:30
A group of seemingly unconnected events – the Gulf of Mexico oil disaster, Toyota vehicle recalls, logging in Canada’s northern forests, and the Goldman allegations – have dragged the issue of CSR back into the spotlight…
Precedent Watch
13 May 01:00
Goldman Sachs continues to raise the bar on legal disclosures. True, the bank has been recently taken to task in the stock market and the courtroom for not disclosing...
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05 May 01:00
Sustainability reporting has been a hot proxy topic for shareholders of some of the largest tech companies this year, but the proposals are resulting in diverse outcomes…
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04 May 07:00
Independent directors are increasingly finding themselves in the legal cross-hairs of irate shareholders and the SEC. Recent derivative lawsuits have targeted the directors of companies as diverse as Landry's Restaurants and Boulder Growth & Income Fund…
Precedent Watch
04 May 02:00
When it comes to multi-billion dollar investments, big oil companies are no more immune to cold feet than the rest of us. Published reports of warming relations between ConocoPhillips and the UAE appear to have been premature…
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30 April 01:00
The M&A market is recovering, but even where proposed deals receive a federal seal of approval, state laws can complicate acquisitions and ruffle activist investors’ feathers. Ohio, for example, is home to a…
Precedent Watch
29 April 08:00
Where the SEC goes, plaintiffs' lawyers are sure to follow. But in the case of Goldman Sachs, they’ve charged ahead straight into the C-suite, alleging far broader levels of misdeed…
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06 April 10:00
Non-executive directors might have us believe that ‘much may be done in those little shreds and patches of time which every day produces, and which most men throw away’ but shareholders may beg to differ…
Precedent Watch
02 April 08:00
Activist shareholders are uniting on corporate political contributions—disclosure is a must. Investor proposals calling for disclosure of political and charitable donations are on the table at Goldman Sachs, Ford, and Boeing – just to name a few…
Precedent Watch
29 March 07:00
Despite a long tradition of shareholder activism on Wall Street, the UK has not, with notable exceptions, been a jurisdiction with a history of shareholder activism – until now. Pressure is mounting in UK board rooms as a new brand of shareholder activism begins to brew…
Precedent Watch
26 March 08:00
Indiana is home to the Colts, the Indy 500, and as of recently, a very board-friendly corporate code. Ball Corp, WellPoint, and Lincoln National have all received shareholder proposals calling for the companies to re-domisticate or…
Precedent Watch
16 March 08:00
Compensation committee independence is front and center in the battle over executive pay, with Goldman Sachs the latest to receive proposals about CEOs on their board. The concern: CEOs indirectly benefit from…
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04 March 08:00
Shareholder landscapes continued to tremble this week as key advisory player RiskMetrics signed up to merge with MSCI in a deal valued at over $1.5 billion, payable in cash and stock…
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04 March 06:00
Out with the old and in with the new is rarely the case when it comes to classified boards, but corporate governance tides are rising against staggered boards. Companies like e-Bay, E*Trade Financial, and…
Precedent Watch
18 February 07:30
The 2010 season is shaping up to be a doozie for proxy fights. Perennial activist investor Carl Icahn has already announced his third proxy fight in as many years at Biogen Idec and U.S.-style proxy fights have played out at Germany’s…
Precedent Watch
05 February 08:00
Shareholder rights are pressed by the SEC, activists...and John. John Chevedden's one man shareholder rights band. Amazon.com, International Paper, and Halliburton…
Precedent Watch
03 February 12:00
As shareholder meetings near for companies across the globe, many face corporate governance changes. In the UK, Domino Printing Sciences plc has issued a Notice of Annual General Meeting (AGM)…
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02 February 06:00
Pharmaceutical healthcare organization BioScrip appears to have its sights set on expanding its business with the planned acquisition of…
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01 February 01:00
On the heels of the Google drama regarding internet censorship in China, another battle is coming to light over the principles of net neutrality. In a rare showing of activism, shareholders at Comcast have submitted…
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25 January 09:00
Goldman, it seems, has pulled the proverbial white flag and has decided to fight for its preferred executive compensation structure after all. The SEC recently released seven no action requests filed last week by...
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25 January 06:00
Healthcare horse trading might be taking place on Capitol Hill, but the real drama is occurring in the run up to annual meetings through no action letters…
Precedent Watch
22 January 14:00
If recent no act letters are any indication, the separation of chairman and CEO may, yet again, be a hot proxy topic for shareholders this year. Two major companies have received proposals recently and…
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07 January 06:00
Shareholder proposals and no action letters make it clear: bankers and their wallets are in for a rough 2010 proxy season. To wit: Amex, Citi and Bank of America, among other financial services companies, are fighting…
Precedent Watch
05 January 16:00
Shareholders already seem to be in the driver’s seat at many companies this year, the latest example of which is NYSE Euronext...
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31 December 08:00
Executive compensation will be a hot button issue for activist shareholders in the upcoming proxy season – and if four recent Bank of America no action requests are any indication, it may be one of the earliest issues to emerge...
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31 December 08:00
The credit crisis roared like a lion in early 2009 and the reverberations affected M&A transactions throughout the year. Strategic M&A deals, including Pfizer /Wyeth, Berkshire Hathaway/Burlington Northern Santa Fe, and Disney/Marvel were…
Precedent Watch
29 December 16:00
Whole Foods Market shareholders are in for a savory a two course meal of governance changes. John Mackey, the co-founder, CEO, and now former chairman, recently…
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29 December 14:00
Shareholder proposals on poison pills could be hotbed of activity this proxy season. Serving as a notable early indication may be pharmaceutical company Mylan’s recent No Act...
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17 December 12:00
Comverse Technology Inc settled a class action lawsuit over stock options backdating on Thursday for $225 million, with ex-CEO Jacob "Kobi" Alexander, who fled to Namibia, contributing $60 million…
Precedent Watch
15 December 15:00
The Securities and Exchange Commission announced Monday that it is extending the comment period for the heavily debated...
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07 December 14:24
EBay has put its former chief executive, Meg Whitman, on the witness stand on Monday to make the case that Craigslist unfairly denied the Internet giant a seat on its board...
Reuters News
03 December 13:30
In a sign that proxy season is fast approaching, both Pfizer and Kimberly Clark have requested no action relief to exclude similar shareholder proposals according to recently released no-action letters. In their no action requests…
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25 November 09:30
General Electric recently petitioned the SEC by way of No Action letter to omit information from its upcoming proxy. The company requested to omit a shareholder proposal recommending that…
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04 November 13:00
Cascade Bancorp entered into a Securities Purchase Agreement last week with David F. Bolger and BOTC Holdings LLC an affiliate of Lightyear Fund II, L.P., for the purchase and sale of...
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29 October 12:40
In a concession to aggressive tactics by activist shareholders, State Bancorp Inc of New York has invited said activist to join its Board. In particular, the company elected Richard Lashley, a …
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08 September 07:41
For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman...
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08 September 03:55
Libya's government denied it had any investments in foreign oil companies, in an apparent rebuff to the country's top energy official who had said buying shares in BP would be a good deal...
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07 September 17:35
Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril"...
Reuters News
06 September 21:22
China's Zijin Mining said it had terminated a plan to acquire Congolese copper miner Platmin Congo Limited after the agreement expires...
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06 September 20:46
China will intensify efforts to encourage industrial consolidation and to draw factories inland from crowded coastal regions, government directives said, warning officials to leave such decisions to companies...
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06 September 04:15
Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund estimated to be the world's largest, named Ted Chu from U.S. automaker General Motors as its chief economist...
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06 September 00:15
Corporate governance practices in China have caused brows to furrow among China-based businesses, with companies from China National Offshore Oil to China Mobile and…
Precedent Watch
05 September 12:42
French drugmaker Sanofi-Aventis would be prepared to moderately raise its $69 per share offer for Genzyme if the U.S. biotech agreed to negotiate, Dow Jones reported, citing a person familiar with the matter...
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05 September 00:05
Beverages are being mixed throughout Asia with the recent pickup in beverage M&A in the Asia Pacific region. Most recently, Japan’s Kirin Holdings Company announced that it had acquired liquor company…
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02 September 02:55
Algeria has dropped Orascom Telecom's adverts from all of the country's terrestrial television stations, a source with direct knowledge of the situation said, the latest move in a long-running dispute...
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02 September 01:00
The shaky global economy has elevated dividend-paying stocks from dowdy has-beens to stalwart soldiers. Yet the legal issues associated with dividends can prove a tangled web…
Precedent Watch
02 September 00:30
Dual listings can tie up secondary offerings, especially where disclosures differ between exchanges. U.S. filer Ampal-American Israel Corp. found this to its chagrin…
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31 August 04:23
A commission chosen by Algeria will start evaluating next month how much Algeria should pay to acquire the local unit of Egyptian operator Orascom Telecom...
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31 August 03:00
Research In Motion will give India access to secure BlackBerry data beginning September 1, a government source said, leading New Delhi to put off a decision on whether to shut down the smartphone...
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30 August 11:39
Three numbers should suffice to give Chinese economic policymakers a sleepless night: 65.4 million, $28.7 billion and $2.45 trillion...
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30 August 01:00
The China Banking Regulatory Commission’s stern words to banks recently, intended to crack down on off-balance sheet loans, may be falling on half open ears. While the CBRC is empowered to…
Precedent Watch
27 August 11:05
Billionaire investor Carl Icahn has increased his holding in Motorola Inc to about 10.4 percent, according to documents the company filed with the U.S. Securities and Exchange Commission...
Reuters News
27 August 00:45
Rumoured to be gunning for a large chunk of American utility company InterGen, China’s leading electricity producer appears to be…
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27 August 00:30
With Canada’s uranium mines accounting for over 20% of world’s total, even the global JV involving a small Canadian uranium exploration company garners attention…
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26 August 03:41
The number of subscribers for PT Indosat, Indonesia's No. 2 mobile phone operator, may hit 40 million by year end, based on the firm's growth forecast, and putting it only just ahead of rival XL Axiata...
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26 August 00:15
A recent distribution MOU involving a Turkish software developer stretches “globalization” to its limits…
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25 August 01:00
In a sea of outbound investment activity among Chinese companies, the business goals and IPO of one company in particular is turning heads. Lizhan Environmental Corporation is preparing to…
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24 August 06:00
The Dodd-Frank Act will require investment advisers to adhere to new standards, including eligibility for investing in certain products...
Precedent Watch
23 August 10:20
Casey's General Stores, the U.S. chain that is the target of a hostile takeover bid by Canada's Alimentation Couche-Tard, appealed to shareholders...
Reuters News
23 August 09:44
Marks & Spencer, Britain's biggest clothing retailer, has added some investment banking clout to its boardroom, naming veteran City heavyweight Robert Swannell as successor to...
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23 August 02:00
Dubai's government will keep its options open for a potential sovereign debt issue later this year but it is not under pressure to do so...
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22 August 01:33
Abu Dhabi government-owned investment company Mubadala Development said its property director, Canadian lawyer John Thomas, will resign at the end of August...
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19 August 18:00
The Hong Kong Government has recently released the conclusions to its public consultations on a corporate rescue scheme. A statutory regime to facilitate corporate restructurings for...
Precedent Watch - Guest Author
19 August 01:30
In boomtown Macau, Melco Crown Entertainment has been busy tending to securities housekeeping. The casino operator, which has also branched into…
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17 August 01:00
After bankruptcy, reorganization, and a name change, the former Tropicana Entertainment Holdings’ initial registration statement drew the attention of…
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16 August 21:19
South Korean earphone and headset maker Cresyn said on Tuesday it had not given any improper commissions to an Apple global supply manager charged with accepting kickbacks from Asian companies...
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16 August 01:00
Despite the PRC State Council’s reaffirmation of its continued support for foreign direct investment, the terms of a recent FCPA settlement between the SEC and General Electric has some U.S. investors pausing to cross their legal Ts and dot their due diligence Is…
Precedent Watch
12 August 17:30
A sea of change is engulfing General Motors Co., as CEO Ed Whitacre just announced that he will resign and hand over the reins of…
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12 August 13:07
General Motors Co posted its biggest quarterly profit in six years and CEO Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake...
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12 August 12:00
Wall Street bonuses likely will rise this year, despite the regulatory cloud hanging over compensation, as the financial sector recovers from recession faster than the broader U.S. economy...
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12 August 01:00
Pity the Special Committee – they’re called into being amidst high pressure transactions, like the restructurings of Magna or Canwest, yet are given precious little direction…
Precedent Watch
10 August 18:00
China’s insurance market is one part huge opportunity and two parts legal maelstrom. As global insurers like Prudential Plc know, China is starved for vital business protection products…
Precedent Watch - Guest Author
10 August 09:15
Industrial and Commercial Bank of China Ltd, the world's most valuable bank, said it would pay shareholders of its Hong Kong arm a 27 percent premium to take it private...
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09 August 02:30
Golden shares may once have been a prerequisite of privatisations in Europe, but they appear to be fool’s gold now, as seen by Portugal Telecom’s recent clash with the European Union…
Precedent Watch
05 August 01:00
UK regulators are coming down hard on unscrupulous directors of insolvent companies in England and Wales, using the full remit of their powers to disqualify more…
Precedent Watch
05 August 00:15
In one of the world’s most ambitious diversification programs, the United Arab Emirates has staked out the most high tech of them all: aerospace…
Precedent Watch
04 August 21:53
U.S. fund manager Russell Investments said it is planning to put more money into the retail and office property sectors in Asia as the region leads the global economic recovery...
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04 August 03:00
Recent litigation swirling around IP ownership and employment agreements is putting the “con” in contract. From the Facebook ownership dispute to MGA and Mattel’s Bratz litigation, high stakes litigation battles are unfolding…
Precedent Watch
04 August 01:00
The EU’s sweeping sanctions against Iran have left some western companies in the lurch, but business with Iran still appears to be largely unchanged throughout the Asia Pacific region…
Precedent Watch
03 August 02:00
Mauritius has proven itself a jewel in the hands of clever lawyers looking to do deals from rapidly developing India to the Islamic Gulf. With its mix of friendly corporate and…
Precedent Watch
03 August 01:00
Kuwait's sovereign wealth fund and BP Plc denied a local newspaper report that the embattled oil giant had asked the fund to raise its stake in the company to 3 percent...
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02 August 22:29
Taiwan's Hon Hai Precision Industry Co Ltd, also known as Foxconn Technology Group, opened a new $100 million production factory in the central Chinese province of Henan, as the group began to...
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02 August 15:17
HSBC's North American chief executive expects the new U.S. financial reform law to cost it at least $110 million in annual revenue...
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02 August 12:23
UBS AG said it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S...
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02 August 02:00
IP dramas worthy of Hollywood show U.S. courts to have assumed a central role on China's integration into world markets and exchanges. While alleged IP infringement isn't news, handling them in the U.S. is, and is fraught with risk...
Precedent Watch
01 August 01:00
France Telecom's Orange mobile carrier is in talks with the owners of Morocco's second-biggest telecoms firm Meditel to acquire a 40 percent share in the Moroccan company...
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30 July 02:00
In a too-good-not-to-be-true story, Lisboa Leisure, Inc. will conduct an initial public offering in hopes of realizing $32,000 in proceeds…
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29 July 23:58
A patchy recovery in the United States is a big industry concern, in particular for Japanese carmakers, which rely heavily on that market for profits…
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29 July 01:00
Mining, petroleum and mineral companies looking to list on the Hong Kong Stock Exchange now must comply with additional reporting standards…
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28 July 01:00
Contrary to other industries’ credit woes, Israel’s cash-laden Radvision has announced an offer to repurchase nearly a million of its shares representing 5% of the company’s voting power…
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27 July 09:17
UAL Corp and Continental Airlines Inc said that John Tague, president of UAL's United Airlines, and UAL Chief Financial Officer Kathryn Mikells will leave the company following the close of...
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27 July 03:45
BP Plc named American Bob Dudley as its next CEO, saying Tony Hayward would stand down after his gaffe-prone handling of the worst oil spill in U.S. history that triggered a $17 billion...
Reuters News
27 July 02:00
India's central bank raised interest rates more forcefully than expected in the face of inflation that has held stubbornly above 10 percent for the past five months...
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26 July 01:00
Bahrain plans to privatise national carrier Gulf Air as soon as possible encouraged by positive results in its restructuring...
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23 July 17:00
Magna International said that about three-quarters of its subordinate shareholders approved a deal that would pay founder Frank Stronach upwards of...
Reuters News
23 July 00:15
Faced with overwhelming telecom competition, M&A provides a welcome respite. In their corner of VOIP, YMax Corp. and Israel’s VocalTec Communications Ltd. are...
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22 July 22:18
One of the toughest struggles in the negotiations was just how interwoven Volvo had become with the wider Ford Motor Group including safety and in-car-entertainment equipment...
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22 July 02:18
Struggling state firm Dubai World is ready to use a special tribunal to force rebel lenders into line on plans to delay repayment of $14.4 billion in debts...
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21 July 22:00
U.S. mobile phone maker Motorola Inc sued former employees and rival Huawei Technologies Co and Lemko Corp, alleging they conspired to steal trade secrets...
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20 July 22:08
PCCW and its chairman's privately owned fund plan to rescue debt-laden Vivacom, Bulgaria's biggest fixed-line operator, by jointly investing 180 million euros ($232 million) in return for a 51 percent stake...
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20 July 11:52
Billionaire investor Carl Icahn renewed a hostile takeover bid for Lions Gate Entertainment Corp but at a lower price, ending a 10-day truce in a drawn-out battle for the Hollywood studio...
Reuters News
20 July 01:00
The initial public offering of China-based Ambow Education Holdings spotlights a notable sector blooming in the PRC: the increasingly lucrative industry of privatized education…
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19 July 09:35
China's main state-run television station accused the country's top Internet search engine Baidu Inc of directing users to websites that sell counterfeit drugs, the People's Daily reported...
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19 July 03:00
Emboldened by Dodd-Frank and its enhanced authority, the SEC is now considering tackling the proxy system. In its just announced concept release, the...
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18 July 11:00
New York City Mayor Michael Bloomberg, one of the richest men in America, says his views are too polarizing for him to become president of the United States...
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18 July 00:30
In a move which signals Dubai’s recognition of fund management as a core business, the emirate has amended its regulatory regime to ease burdens on…
Precedent Watch
14 July 01:30
Summer is turning up the heat in the northern hemisphere. As travelers are packing their bags, legal counsel of PRC hospitality and travel companies have been…
Precedent Watch
11 July 08:29
Troubled state conglomerate Dubai World has invited creditors to a July 22 meeting to offer details on its multi-billion dollar debt restructuring, the first session to include all lenders since December 2009...
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11 July 01:00
Taking public companies private ascribes new meaning to the Latin maxim, e pluribus unum. Abu Dhabi’s publicly listed Aabar Investments PJSC has announced…
Precedent Watch
07 July 18:00
Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating Avon Products Inc...
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06 July 03:08
Gulf stock markets will miss out on getting on the global investment map unless regulators take concrete action to address concerns raised by MSCI, who denied the region emerging market status for the second year running...
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05 July 02:00
Just when companies welcomed a sign that the SEC might be backing down on its backdating pursuit, the hammer of the plaintiffs’ bar has struck a blow for corporate transparency…
Precedent Watch
04 July 09:49
Saudi Arabian Catering Co, a unit of Saudi Airlines (Saudia), is eyeing a bourse listing by March 2011, while its ground handling unit will merge in July with two other firms...
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02 July 00:15
The private equity gambit of asset-shifting continues to find opportunistic participants…
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30 June 10:33
Troubled Dubai developer Nakheel said it has started making cash payments to trade creditors, in the second phase of a repayment schedule, and is restarting several projects put on hold during the downturn...
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28 June 08:44
PT Media Nusantara Citra said it will continue with a plan to issue $300-$400 million in bonds in the fourth quarter of 2010, despite concerns that Europe's liquidity problems could force it to pay higher coupons...
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28 June 02:00
If the value of lawyerly corporate structuring ever needed proof, the vortex of events sucking down BP is it. With asset sales and lawsuits by aggrieved shareholders like those of New York state’s pension fund…
Precedent Watch
28 June 00:15
Playing ball in the UAE just got a little easier, as the Gulf nation recently announced a major policy shift in its defense contracting scheme...
Precedent Watch
27 June 03:15
Talks to boost Telecom Egypt's stake in Vodafone's Egypt unit ended because the British firm insisted on selling all or none of its share...
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26 June 17:37
Dubai builder Arabtec expects payment in cash from troubled developer Nakheel to be made soon while payment in the form of a bond will take a few months...
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26 June 10:33
Dubai's ruler said the emirate would go forward with all development projects within a year in an interview with CNN broadcast, after billions of dollars worth of projects were cancelled in the wake of...
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25 June 05:17
PT Bakrie & Brothers, the holding company for Indonesia's Bakrie family, said on Friday it was considering a rights issue for PT Bakrie Telecom...
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25 June 02:00
As if successfully doing a global debt offering weren't hard enough, Royal Dutch Shell plc just did a debt doozy, involving three different legal jurisdictions…
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24 June 02:00
The joint venture is often touted as an effective way of pooling resources and tapping new markets without having to bet the house on an acquisition. How ironic, then, that JVs are a driving force behind M&A…
Precedent Watch
24 June 02:00
The financial crisis has been attributed, in part, to flaws in incentive-based compensation practices, and their systemic impact. Regulators are fixin' to fix it. Toward that end...
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22 June 18:28
JPMorgan Chase & Co reshuffled three top executives, including its chief financial officer, as part of an effort to ensure a deep bench of executives who could eventually succeed CEO Jamie Dimon...
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22 June 09:15
A majority of Magna International Inc's shareholders have cast early votes in support of the automaker's controversial plan to pay its founder a huge premium to loosen his control, the Globe and Mail newspaper said...
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17 June 11:24
Magna International Inc gave into regulator and shareholder demands on Thursday to provide them with more information about its controversial plan to pay its founder and chairman nearly $900 million to...
Reuters News
17 June 01:00
Canadian regulators have introduced vast change in the oversight of public issuers over the past decade, but the downstream activities of issuers are often less visible to investors and other prying eyes…
Precedent Watch
16 June 00:30
Target has announced the voting results of its 2010 annual meeting. Shareholders enacted a slew of governance amendments proposed by...
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15 June 02:00
Currency swings have tempted retailers like Sears Canada to change the rules of the game in their tenuous love-hate dynamic with their suppliers. They've long been interdependent parties…
Precedent Watch
15 June 01:00
In a continued attempt to get out from under its credit default swap troubles, bond insurer Ambac Financial Group has just arrived at a settlement agreement with several of its counterparties...
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13 June 03:06
Atheeb Telecom, Saudi Arabia's first private fixed-line phone operator, said on Sunday its top executive has resigned after it accumulated losses close to 40 percent of its capital one year after...
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11 June 02:30
Accounting – it could put your glazed eyes to sleep – until the SEC comes banging at your door, demanding to know how you accounted for a recent restructuring transaction and where are some of the related agreements...
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09 June 03:00
Hedge funds, private equity firms, and boutique investments are taking on new roles and in the process are reshaping the face of capital markets. After the implosion of Lehman Brothers...
Precedent Watch
09 June 01:00
China as “factory to the world” is at some risk, even posing a threat to iconic brands like Apple and Honda. Strikingly few Western companies have disclosed this…
Precedent Watch
08 June 16:55
iPhone maker Foxconn International Holdings Ltd said it will seek higher prices from clients to help offset wage increases at a plant in southern China that has been hit by a series of suicides...
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08 June 02:00
The use of dual class voting rights in Canada has met significant opposition over the years, with some of the largest shareholders and activists speaking out against the practice...
Precedent Watch
07 June 02:00
A new corporate governance code in the UK has set out to attack the “fungus” of prior governance misdeeds as the Financial Reporting Council (FRC) seeks to create…
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07 June 02:00
As ad hoc mediators such as China and the U.S. tiptoe around renewed tensions between North and South Korea, general counsel and management of both local and international companies are thinking about what to disclose to investors…
Precedent Watch
04 June 05:52
Brazil's central bank chief said on Friday he was confident of keeping a lid on inflation and that the country was contributing to global recovery with its sustained economic growth...
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02 June 13:40
The chairman of Egypt's Orascom Telecom, whose company has a management contract with one of Lebanon's mobile telecoms firms, said the Lebanese telecommunications sector had to be privatised...
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02 June 13:12
South Africa's MTN has offered to pay $7.8 billion for Orascom Telecom's lucrative Algerian unit Djezzy, Orascom's chairman said on Wednesday, putting a price to a deal blocked by Algeria...
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02 June 09:51
The lack of a deal between Azerbaijan and Turkey in protracted talks over the transit of Caspian gas threatens an energy supply route for European markets...
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27 May 00:30
The old days of big multinationals breezing into town, shuffling a few papers and leaving the Middle East with a valuable concession are gone. Today, regional governments and sovereign wealth funds want partners, not licensees…
Precedent Watch
24 May 01:00
It’s the size of New York City, but its causeway runs toward Mecca rather than Montauk. The Kingdom of Bahrain is an unquestioned leader in Islamic finance and a...
Precedent Watch
21 May 05:00
Many companies have removed supermajority voting rules in recent years in response to shareholder criticism. At long last, Macy’s has stepped into the changing room as well…
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19 May 01:00
Whopping $500 million fines are just one reason sanctions and anti-money laundering measures continue to haunt international commerce. With advances in…
Precedent Watch
19 May 01:00
PE firms of late have developed a taste for investing in bankrupt companies, from General Growth to Six Flags. Electronics maker Spansion is the latest in this line…
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17 May 08:00
Dual voting classes have taken a step back, even in Canada, a dual-class haven. With Canada's Magna International joining U.S. holdout Hyatt in this move over the last several months…
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06 May 08:00
Having proliferated with head-turning abundance, exchanges in the Middle East & North Africa region may be feeling the squeeze of Adam Smith’s invisible hand…
Precedent Watch
06 May 04:00
The Hong Kong Securities and Futures Commission’s latest hot pursuit may feel like déjà vu, as another one of China’s big 4 banks has been named in allegations of insider trading…
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04 May 02:00
When it comes to multi-billion dollar investments, big oil companies are no more immune to cold feet than the rest of us. Published reports of warming relations between ConocoPhillips and the UAE appear to have been premature…
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22 April 08:00
Though poison pills are at a 20 year low, a number of high profile companies such as bookseller Barnes & Noble and amusement parks operator Cedar Fair have recently adopted them. Joining this group is Casey’s General Stores…
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22 April 07:00
In Lehman Brothers’ most recent step along its road to recovery, the financial services firm has submitted its plan of reorganization to the U.S. Bankruptcy Court...
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14 April 02:00
Once acutely secretive guardians of national treasure, sovereign wealth funds (SWFs) may be creeping out of the shadows with conspicuous efforts to achieve transparency…
Precedent Watch
12 April 04:00
Two heads are better than one, or so the cliché goes. Yet, with its recent decisions to close New United Motor Manufacturing Inc (NUMMI) and buy out its partner in sub-compact and sport utility…
Precedent Watch
09 April 07:00
For all its colorful nomenclature and imaginative structures, a lack of transparency continues to stunt the development of Islamic finance. Investors want to know what they're buying; markets demand accuracy and consistency…
Precedent Watch
01 April 04:00
A series of high profile bribery cases has once again brought the shady dealings of corrupt business into the spotlight as the UK stands poised to introduce new laws to curb bribery by UK companies…
Precedent Watch
26 March 04:00
The Basel Committee has sought to increase the minimum standard of international corporate governance for banks by publishing a new consultation paper on Principles for Enhancing Corporate Governance…
Precedent Watch
23 March 08:00
The gory details in the report by the Lehman Brothers Bankruptcy Examiner could have impact far beyond Lehman, touching everything from securitization to securities disclosures. The report itself contains enough financial scares to give any director or lawyer nightmares…
Precedent Watch
22 March 04:00
In today's world of ubiquitous communications, the behavior of employees, executives, suppliers and other key players in a business is under extreme scrutiny. Perhaps in reaction, codes of conduct for industries and individual companies seem to be gaining popularity in Canada.
Precedent Watch
11 March 06:00
Unilever N.V. and Unilever plc have agreed to a Supplemental Agreement to their Equalisation Agreement. The Supplemental Agreement removes references to the Euro and Pound Sterling within…
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10 March 10:00
Investor protection looks set for quite a bumpy ride, thanks to two just-announced mergers. The proposed acquisitions of RiskMetrics by MSCI and of Bowne by RR Donnelley seem likely to impact everything from…
Precedent Watch
05 March 10:00
Goldman’s equity-based pay packages are back in spotlight, as Goldman’s managing directors face new requirements from the financial services giant. MDs are now being required to hold more equity…
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04 March 08:00
Shareholder landscapes continued to tremble this week as key advisory player RiskMetrics signed up to merge with MSCI in a deal valued at over $1.5 billion, payable in cash and stock…
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25 February 09:00
Termination or death - there are better ways to get paid, but CEOs take whatever they can get. Disney, Verizon, and Boeing executives have all recently taken flack from seething shareholders because of the companies’ golden parachute and golden coffin policies...
Precedent Watch
10 February 07:00
There is a new sick man of Europe and he bears a worrisome gift: financial contagion concerning many European governments and private companies. All this, just as the UK is limping from its economic sickbed…
Precedent Watch
05 February 08:00
Shareholder rights are pressed by the SEC, activists...and John. John Chevedden's one man shareholder rights band. Amazon.com, International Paper, and Halliburton…
Precedent Watch
04 February 05:00
Boardroom diversity is once again on the agenda in Europe, with France poised to adopt a new law that would force large companies to reserve at least 40% of their boardroom positions for women…
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03 February 12:00
As shareholder meetings near for companies across the globe, many face corporate governance changes. In the UK, Domino Printing Sciences plc has issued a Notice of Annual General Meeting (AGM)…
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28 January 10:00
Executive jets and the companies that pay for them made quite a stir on Capitol Hill after the CEOs of Detroit’s automakers flew into Washington. Yet American International Group Inc (AIG) and its chief executive have entered into an Aircraft Time Sharing Agreement…
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25 January 09:00
Goldman, it seems, has pulled the proverbial white flag and has decided to fight for its preferred executive compensation structure after all. The SEC recently released seven no action requests filed last week by...
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21 January 06:00
The earthquakes in Haiti have deservedly taken the media spotlight over the last week, and individuals and companies are responding to the disaster by stepping up to help those in need…
Precedent Watch
15 January 06:00
The London Stock Exchange is remaking itself, in a clear quest not only to retain its dominance in the UK, but to grow it. With DP World and Pearl recently announcing planned Premium Listings on the LSE, the message is clearly getting out. Less publicized, though, is the challenge posed to …
Precedent Watch
05 January 16:00
Shareholders already seem to be in the driver’s seat at many companies this year, the latest example of which is NYSE Euronext...
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05 January 12:00
In a growing trend, companies are leaving tropical tax havens in anticipation of greater EU and U.S. tax regulation of haven-seekers. The latest: global insurance brokerage Willis Group has...
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29 December 16:00
Whole Foods Market shareholders are in for a savory a two course meal of governance changes. John Mackey, the co-founder, CEO, and now former chairman, recently…
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17 December 12:00
Comverse Technology Inc settled a class action lawsuit over stock options backdating on Thursday for $225 million, with ex-CEO Jacob "Kobi" Alexander, who fled to Namibia, contributing $60 million…
Precedent Watch
14 December 07:00
Green Star Mining Corp. announced its CEO has resigned after selling her 60% interest to…
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17 November 09:00
Horse racetrack Churchill Downs announced it has entered into voting agreements with Youbet stockholders and directors, concurrently with the agreement and plan of merger…
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05 November 17:00
Goldman Sachs may be re-dubbed "Governance Sachs" now that supermajority voting has been given the thumbs down, and enhanced shareholder rights the "thumbs up" at…
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03 November 14:00
In connection with Hyatt Hotels’ planned IPO, the company filed stockholder agreements on Monday. The two agreements govern the sale of stock by the Pritzker decedents and other trusts…
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28 October 00:00
Deal-hungry international banks and firms flocking to Saudi Arabia say they are struggling to find qualified staff due to an outdated state education system that lacks business focus in an ultra-conservative country…
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08 September 07:41
For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman...
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08 September 04:13
Dubai may have to step up asset sales and government borrowing as a heavy debt repayment schedule for state-linked companies over the next few years puts pressure on government finances...
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06 September 21:22
China's Zijin Mining said it had terminated a plan to acquire Congolese copper miner Platmin Congo Limited after the agreement expires...
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06 September 00:15
Corporate governance practices in China have caused brows to furrow among China-based businesses, with companies from China National Offshore Oil to China Mobile and…
Precedent Watch
05 September 12:42
French drugmaker Sanofi-Aventis would be prepared to moderately raise its $69 per share offer for Genzyme if the U.S. biotech agreed to negotiate, Dow Jones reported, citing a person familiar with the matter...
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05 September 00:05
Beverages are being mixed throughout Asia with the recent pickup in beverage M&A in the Asia Pacific region. Most recently, Japan’s Kirin Holdings Company announced that it had acquired liquor company…
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02 September 01:30
Land use rights have been on the tip of tongues in China lately as business owners take care to avoid ending up like BYD. The Buffet-backed auto maker is currently under investigation…
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30 August 04:19
Troubled conglomerate Dubai World has begun talks with small creditors, not included in the coordination committee of banks on its restructuring plan, to avoid any lawsuits...
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30 August 02:30
As the world’s derivatives markets race to take over global competitors, the potential impact of Dodd-Frank looms large...
Precedent Watch
30 August 01:00
The China Banking Regulatory Commission’s stern words to banks recently, intended to crack down on off-balance sheet loans, may be falling on half open ears. While the CBRC is empowered to…
Precedent Watch
26 August 03:49
State-owned conglomerate Dubai World's creditors have been told the company is in need of "urgent" restructuring as it seeks agreement on a multi-billion dollar debt plan....
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26 August 03:48
Dubai World is prepared to sell prized assets including previously ringfenced ports firm DP World in a bid to raise as much as $19.4 billion to repay creditors, a document obtained by Reuters showed...
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26 August 03:46
Dubai's Nakheel has $10.9 billion of bank debt and will receive key assets from parent company Dubai World for its business plan after separation...
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25 August 15:19
Even as UBS launches a global campaign to revive its banged-up brand, the Swiss bank's U.S. brokerage faces another costly and embarrassing wave of regulatory actions...
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25 August 01:00
In a sea of outbound investment activity among Chinese companies, the business goals and IPO of one company in particular is turning heads. Lizhan Environmental Corporation is preparing to…
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24 August 07:16
A run-down court building that also houses the local casino in this Amazon jungle town is the unlikely venue for the largest environmental damages lawsuit ever tried...
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23 August 09:44
Marks & Spencer, Britain's biggest clothing retailer, has added some investment banking clout to its boardroom, naming veteran City heavyweight Robert Swannell as successor to...
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23 August 08:23
A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business amid accusations that...
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19 August 20:41
State-run Korea National Oil Corp plans to go to shareholders of UK oil explorer Dana Petroleum with a 1,800 pence per share offer worth $2.6 billion, after Dana's management rejected its bid proposal...
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19 August 18:00
The Hong Kong Government has recently released the conclusions to its public consultations on a corporate rescue scheme. A statutory regime to facilitate corporate restructurings for...
Precedent Watch - Guest Author
19 August 01:30
In boomtown Macau, Melco Crown Entertainment has been busy tending to securities housekeeping. The casino operator, which has also branched into…
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17 August 00:30
The BlackBerry controversy has exposed an internet trap for unwary companies and lawyers alike. Governmental threats to giants like Google, Yahoo and RIM impact…
Precedent Watch
16 August 21:19
South Korean earphone and headset maker Cresyn said on Tuesday it had not given any improper commissions to an Apple global supply manager charged with accepting kickbacks from Asian companies...
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16 August 01:00
Despite the PRC State Council’s reaffirmation of its continued support for foreign direct investment, the terms of a recent FCPA settlement between the SEC and General Electric has some U.S. investors pausing to cross their legal Ts and dot their due diligence Is…
Precedent Watch
12 August 01:00
Pity the Special Committee – they’re called into being amidst high pressure transactions, like the restructurings of Magna or Canwest, yet are given precious little direction…
Precedent Watch
10 August 18:00
China’s insurance market is one part huge opportunity and two parts legal maelstrom. As global insurers like Prudential Plc know, China is starved for vital business protection products…
Precedent Watch - Guest Author
09 August 12:00
BlackBerry maker Research In Motion is facing demands for access to its encrypted data in some of its fastest-growing markets…
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05 August 01:00
UK regulators are coming down hard on unscrupulous directors of insolvent companies in England and Wales, using the full remit of their powers to disqualify more…
Precedent Watch
04 August 01:00
The EU’s sweeping sanctions against Iran have left some western companies in the lurch, but business with Iran still appears to be largely unchanged throughout the Asia Pacific region…
Precedent Watch
03 August 01:56
Kuwaiti telecom Zain could be nearing the end of a year-long stake sale saga, with Abu Dhabi-listed Emirates Telecommunications thought to be running the rule over its regional rival...
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02 August 15:17
HSBC's North American chief executive expects the new U.S. financial reform law to cost it at least $110 million in annual revenue...
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02 August 09:18
Local Gulf investment banks and brokers are being forced to seek new business areas to replace traditional sources of income hit by the downturn and as global heavyweights muscle in...
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02 August 02:00
IP dramas worthy of Hollywood show U.S. courts to have assumed a central role on China's integration into world markets and exchanges. While alleged IP infringement isn't news, handling them in the U.S. is, and is fraught with risk...
Precedent Watch
29 July 01:00
Mining, petroleum and mineral companies looking to list on the Hong Kong Stock Exchange now must comply with additional reporting standards…
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28 July 00:31
Dubai's pledge to cover gaps in Dubai World's debt repayment plan has become a sticking point for lenders, some of whom want state guarantees to fall under British -- not local -- law...
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26 July 23:00
China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer reported on Saturday, citing unidentified industry sources…
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26 July 12:33
Dubai World warned that lenders, aside from the government's own support fund, would face a "significantly" worse deal if its debt plan fails and it is forced to seek liquidation...
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26 July 04:52
The European Union's new financial supervisory bodies should not be able to directly regulate a domestic bank, a government minister said...
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26 July 01:30
Much of the US$55 billion in outbound investment, invested in the first half of 2010 by Chinese entities, can be credited to agile corporate counsel. Navigating through the maze of China’s outbound investment laws, these lawyers…
Precedent Watch
25 July 18:00
The maturity of the Islamic finance industry will soon face another critical test, as defaults on $200 million sukuk don’t escape the notice of financial markets…
Precedent Watch
23 July 04:39
With the results of stress tests on 91 European banks looming, financial institutions have been coming up with their own scenarios of what to expect...
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22 July 22:18
One of the toughest struggles in the negotiations was just how interwoven Volvo had become with the wider Ford Motor Group including safety and in-car-entertainment equipment...
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22 July 02:18
Struggling state firm Dubai World is ready to use a special tribunal to force rebel lenders into line on plans to delay repayment of $14.4 billion in debts...
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22 July 00:30
For all the drama of high seas brigandage, many of the risks and costs go unpublicized. Wherever there’s insurance, litigation follows…
Precedent Watch
21 July 22:00
U.S. mobile phone maker Motorola Inc sued former employees and rival Huawei Technologies Co and Lemko Corp, alleging they conspired to steal trade secrets...
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21 July 01:30
In the PRC’s highly regulated economy, listed companies and business not directly in the real estate sector can be intimately affected by regulatory changes such as those pertaining to zoning and land-use…
Precedent Watch
16 July 05:29
Citigroup Inc and AIG classified more than $11 billion in loans as sales in the second half of 2009, masking the companies' risk levels, filings with the U.S. Securities regulator showed....
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15 July 15:32
The U.S. Senate's approval of financial reform is the starting gun for a new intensive Wall Street lobbying campaign aimed at regulators who must now translate the legislation into hard and fast rules...
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15 July 02:00
Though investors and regulators may be calling for greater sunlight in order to “disinfect” potential trouble-spots, some public issuers remain leery that too much exposure will result in a sunburn...
Precedent Watch
13 July 01:00
Whilst stock market wobbles continue to disrupt the IPO plans of many, a few surprisingly risky companies have managed to get their equity issues off the ground recently…
Precedent Watch
09 July 17:12
The Securities and Exchange Commission is looking at reevaluating its requirements regarding corporate risk disclosure and also considering more sweeping recommendations on...
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08 July 01:45
On a rocky volcanic outcrop set in the deep and treacherous waters of a vital strait linking Europe to Asia, Yemen's coastguard is building a base to help secure one of the world's busiest waterways...
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07 July 02:11
British Airways will be able to guarantee all of its flights should there be any new strike action, the company's Chief Executive Willie Walsh said in an interview...
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07 September 04:49
The United Arab Emirates' central bank has frozen four Iranian bank accounts cited in a United Nations Security Council blacklist after uncovering their presence in the UAE banking system...
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30 August 02:30
As the world’s derivatives markets race to take over global competitors, the potential impact of Dodd-Frank looms large...
Precedent Watch
26 August 02:37
The fate of BlackBerry's encrypted email and messaging services in India will be decided in last-ditch talks starting between the smart phone's maker and security agencies ahead of...
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24 August 00:30
For some public companies, the looming specter of Iranian sanctions policy lends an understandable nervousness to otherwise routine filings...
Precedent Watch
18 August 00:05
A recent niche finance IPO could be a shot in the arm for the plaintiffs’ bar. Imperial Holdings, Inc. (“Imperial”), a specialty finance company founded in...
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17 August 00:30
The BlackBerry controversy has exposed an internet trap for unwary companies and lawyers alike. Governmental threats to giants like Google, Yahoo and RIM impact…
Precedent Watch
16 August 01:00
Despite the PRC State Council’s reaffirmation of its continued support for foreign direct investment, the terms of a recent FCPA settlement between the SEC and General Electric has some U.S. investors pausing to cross their legal Ts and dot their due diligence Is…
Precedent Watch
12 August 13:07
General Motors Co posted its biggest quarterly profit in six years and CEO Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake...
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11 August 12:35
Saudi Arabia plans to build schools, hospitals, housing and other infrastructure projects as part of a five-year plan budgeted at $385 billion...
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11 August 02:00
Research In Motion has agreed to hand over user codes that would let Saudi authorities monitor its BlackBerry Messenger, as it seeks to stop the kingdom from silencing the service...
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09 August 12:00
BlackBerry maker Research In Motion is facing demands for access to its encrypted data in some of its fastest-growing markets…
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04 August 01:00
The EU’s sweeping sanctions against Iran have left some western companies in the lurch, but business with Iran still appears to be largely unchanged throughout the Asia Pacific region…
Precedent Watch
02 August 22:29
Taiwan's Hon Hai Precision Industry Co Ltd, also known as Foxconn Technology Group, opened a new $100 million production factory in the central Chinese province of Henan, as the group began to...
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26 July 01:05
The BlackBerry, made by Canada's Research In Motion, is open to misuse that poses security risks to the United Arab Emirates, which said on Sunday it would seek to safeguard its consumers and laws...
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16 July 02:15
A newly hatched Malaysian IPO demonstrates the lure of iconic American brands, yet in a decidedly un-American style offering...
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08 July 01:00
BP boss Tony Hayward met officials from an Abu Dhabi state investment fund, the latest stop on a global quest for money to ward off takeovers and help pay the huge costs of the worst oil spill in U.S. history...
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05 July 02:00
Just when companies welcomed a sign that the SEC might be backing down on its backdating pursuit, the hammer of the plaintiffs’ bar has struck a blow for corporate transparency…
Precedent Watch