REGULATORY
08 September 06:41
German gambling restrictions breach European Union law, Europe's highest court said, giving a rare victory to companies seeking to break domestic monopolies in a lucrative industry...
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07 September 01:39
The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry...
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07 September 01:00
The designation of Morgan Stanley and China Investment Corp. as bank holding companies is complicating the regulatory approval process for the duo’s investment agreement…
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26 August 14:23
The United States announced plans to toughen rules against what it sees as unfair foreign trade practices, proposing a number of changes likely to irk China, its biggest import supplier...
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23 August 10:09
Bailed-out insurer American International Group Inc said it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far...
Reuters News
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
13 August 01:30
EU competition issues can slow down many an EU merger but with companies sweet talking the European Competition Commission into accepting their own divestiture plans even mega-takeover deals are getting an EU seal of approval…
Precedent Watch
10 August 06:50
Anglo Irish Bank won temporary clearance from European Union competition regulators for a capital injection of up to 10 billion euros (8.36 billion pounds) from the Irish government...
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10 August 01:00
The airline business took another step towards consolidation, with the merger of ExpressJet Holdings and Skywest Inc. The deal, a $133 million all-cash merger…
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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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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
04 August 02:10
Saudi Arabia on Tuesday ordered at least one Research In Motion's BlackBerry smartphone service to be blocked as of Friday, becoming the latest government to threaten to curb the device on security grounds...
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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 12:48
Connecticut Attorney General Richard Blumenthal is investigating deals struck by Amazon.com Inc and Apple Inc to offer low prices on electronic books...
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02 August 12:35
Telecom Corp of New Zealand said it has put a plan to the government to build a national broadband network which involves splitting the company in two...
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02 August 07:41
China's Geely completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker...
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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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29 July 11:03
China's Ministry of Commerce has approved a plan by the parent of Geely Automobile to acquire Ford's Volvo unit, the official Xinhua news agency said...
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27 July 12:58
European Union competition regulators launched two anti-trust investigations against International Business Machines Corp, suspecting it of abusing its dominant position in the mainframe computer market...
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26 July 12:40
Qatar Telecom faces an unspecified fine and possible further legal action over violations during its launch of Virgin Mobile services into the Gulf state...
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26 July 00:55
The Egyptian unit of Vodafone may have overtaken Mobinil last quarter as the country's largest provider of mobile phone subscriptions...
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25 July 12:03
Vodafone Qatar and Qatar Telecom on Saturday both welcomed a ruling by regulators in a dispute over Virgin Mobile's entry to the local market, but there were signs the battle may have further to run...
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21 July 12:35
Algeria is considering tightening its rules on how the price is set when the state buys a foreign-owned firm, a step which could cost Egypt's Orascom Telecom billions of dollars...
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21 July 04:35
The European Union appealed on Wednesday against a World Trade Organization ruling condemning its subsidies for Airbus, prolonging a dispute with the United States for at least several more months...
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21 July 01:45
The European Commission has approved a sweeping restructuring of Bank of Ireland, which will see the beleaguered bank dispose of a number of key assets in order to comply with EU rules on state aid…
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19 July 12:45
Emirates Telecommunications (Etisalat) is close to buying 26 percent in telecoms firm Reliance Communications...
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19 July 11:26
Bombardier is ready to sell its new C-series passenger jet to Qatar Airways but is waiting on Qatar to sort out problems with engine maker Pratt & Whitney...
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19 July 06:03
Boeing Co and Dubai's Emirates announced a deal for 30 of Boeing's 777-300 extended range planes, a deal worth potentially more than $9 billion...
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14 July 13:44
The takeover watchdog has banned activist investor Brian Myerson and two other investors for three years from merger activity, in its first such sanction since 1992...
Reuters News
14 July 10:22
Oneworld members British Airways, American Airlines and Iberia won EU antitrust clearance on Wednesday to deepen their pact after agreeing to cede some lucrative trans-Atlantic routes...
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14 July 03:31
U.S. cable provider Comcast won EU regulatory clearance on Wednesday for a landmark deal to buy a controlling stake in General Electric's NBC Universal...
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14 July 02:30
Major pharmaceutical deals, like those involving Teva and Pfizer, are unfolding under the twin pressures of healthcare reform in the U.S. and downward price pressure on...
Precedent Watch
13 July 17:30
Under China’s Anti-Monopoly Law and the Filing Thresholds Regulations, the State Council has delegated to MOFCOM the right to investigate…
Precedent Watch - Guest Author
11 July 14:33
Algeria announced a series of measures on Sunday that will give preferential treatment to domestic firms over foreign rivals, strengthening the energy exporter's trend towards economic nationalism...
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07 July 19:00
In early November, 2009, the merger-control regulator of the People’s Republic of China, the Anti-Monopoly Bureau under the Ministry of Commerce, announced…
Precedent Watch - Guest Author
06 July 09:37
Ireland's Ryanair could still bid for Aer Lingus despite losing a legal challenge to a 2007 veto by EU regulators against the budget carrier's second attempt to buy its rival...
Reuters News
06 July 03:21
Spanish publisher Grupo Planeta gained EU regulatory approval on Tuesday for its acquisition of a major stake in Spanish book company Circulo from German media group Bertelsmann...
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05 July 01:00
Television is undergoing a virtual revolution in the UK, but it is a revolution that is leading to very real competition law issues. Regulators are picking up enforcement on…
Precedent Watch
02 July 05:30
United Arab Emirates telecoms services provider du will gain access to the network of rival and market leader Etisalat, creating a new wave of competition in the country, a local newspaper said...
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01 July 05:10
EU antitrust regulators were justified in fining Anglo-Swedish drugmaker AstraZeneca five years ago for blocking cheaper generic medicines coming to the market, a European Union court said...
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30 June 04:05
The Takeover Panel gave URS a slap over the wrist, saying the U.S. engineering firm's statement that it might raise its bid for consultancy Scott Wilson Group breached the takeover code...
Reuters News
29 June 15:00
Mobile phone operators in the European Union are keeping charges for roaming as high as regulations will allow them, showing that there is a need for more competition...
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29 June 03:51
Europe's highest court backed on Tuesday an EU regulatory decision to drop an antitrust case against De Beers in return for a pledge by the diamond producer to stop buying rough gems from Russia's Alrosa...
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24 June 13:27
Six companies have agreed to pay $173 million to settle U.S. antitrust lawsuits accusing them of conspiring to keep computer chip prices artificially high...
Reuters News
24 June 08:30
Titagarh Wagons said its bid to acquire a rail wagon or rolling stock manufacturing unit in France has been accepted by the court...
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22 June 02:00
“Obama-care”-fueled private equity interest in healthcare keeps on rolling. The Blackstone majority owned Vanguard Health Systems’ acquisition of Detroit Medical Center has…
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21 June 11:46
Russian tycoon Alisher Usmanov won a major step in his battle to scrap the merger of Russia's No.2 mobile firm MegaFon and top Turkish operator Turkcell after a Moscow court nullified the deal...
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21 June 08:33
Rio Tinto and BHP Billiton moved closer to a $116 billion iron ore joint venture after the Western Australia government approved the plan in return for payment of higher mining royalties, a deal that undermines...
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18 June 03:00
China’s Anti-Monopoly Law has struck again, this time against the Opinions on Utilizing Foreign Investment, as set out by the State Council…
Precedent Watch
17 June 06:33
EU regulators, who dropped an antitrust investigation into Qualcomm seven months ago, are looking into a complaint by a British company accusing the U.S. wireless chip firm of anticompetitive activity...
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14 June 02:00
Plucky Brits can still give acquisitive Amercians a run for their money, even though the UK is a land of few takeover defences. As both Raymarine and Chloride have recently proven, a target can still wield a few legalistic maneuvers in self defence…
Precedent Watch
11 June 05:53
EU competition regulators will decide by July 15 whether to clear or block a planned $8 billion merger between British Airways and Spain's Iberia, the European Commission said on Friday...
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09 June 14:44
Google Inc said on Wednesday recent changes to Apple's developers agreement would effectively cripple Google's advertising tools for the iPhone, creating "artificial" barriers to competition...
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01 June 02:48
The European Commission said on Tuesday it had opened an in-depth investigation into the $1.3 billion (895.2 million pounds) bid by Anglo-Dutch consumer goods giant Unilever's for Sara Lee Corp's personal care brands...
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27 May 05:01
New antitrust rules governing agreements between carmakers and their dealers will boost competition in the sector and lead to lower car repair costs for consumers, EU antitrust regulators said on Thursday...
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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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29 April 02:00
Rising antitrust wariness globally threatens to slow even the most cash-hungry of firesales, like those of AIG-affiliate AIA. Despite approval for a Hong Kong listing, master plans for Prudential PLC’s takeover of AIA may not roll along smoothly…
Precedent Watch
08 March 12:00
France Telecom and Deutsche Telekom may have gotten a rare, lucky break from competition authorities in Europe after a review of their proposed JV merging the Orange UK and T-Mobile UK brands…
Precedent Watch
03 March 03:00
If necessity is the mother of invention, then desperation may just be the mother of market abuse. And desperation appears to be more widely felt in the generics-pressed pharmaceutical industry…
Precedent Watch
01 March 03:00
Canada’s Competition Bureau has perhaps never been as active on multiple fronts as it has been over the past year. A new commissioner, broad changes to the Competition Act, new…
Precedent Watch
21 January 08:00
Companies involved in “big” M&A have recently seen competition (antitrust) regulators in action. Just ask merger partners Petro-Canada and Suncor, which were required to sell off 104 retail gas stations…
Precedent Watch
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
04 November 13:45
Intel Corp was sued on Wednesday by New York Attorney General Andrew Cuomo, who accused the world's largest chipmaker of scheming to maintain monopoly power in the…
Reuters News
09 September 02:30
Including no fewer than nine mezzanine finance agreements, Harrah’s Entertainment has filed a 3,500-page restructuring document more dizzying than a roulette wheel…
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09 September 02:00
Amid the ongoing spate of PRC green capital raising, the nation’s largest non-state owned wind turbine maker has filed for an IPO in New York…
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08 September 05:00
The Dodd-Frank Wall Street Reform and Consumer Protection Act gives the Securities and Exchange Commission many complex and time-sensitive responsibilities but...
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07 September 14:13
U.S. regulators are probing certain practices around "quote stuffing," where large numbers of rapid-fire stock orders are placed and canceled almost immediately SEC Chairman Mary Schapiro said...
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07 September 03:11
The Office of Fair Trade will investigate the aggregates industry to assess whether the tax payer is getting a fair deal from suppliers of sand, gravel and broken rocks to road and house builders...
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06 September 19:43
New Zealand's biggest airport, Auckland International Airport Ltd., will meet with Australian bond and equity investors to update them on the firm's annual results, it said...
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06 September 03:33
France Telecom kept its financial goals, after an arbitration tribunal fined its Polish unit 396 million euros ($531.3 million), and said the unit was considering whether to appeal...
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05 September 21:46
China plans to relax rules to allow smaller fund houses to launch overseas investment products, the Securities Times reported on Monday, citing an unnamed source...
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05 September 20:45
China will allow insurers to broaden investment channels into private equity and real estate, a move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector...
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05 September 17:31
Santander could hire up to 6,000 new staff over the next year or two as part its expansion in Britain, the Financial Times said...
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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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05 September 00:05
The U.S. is even more of a global capital market than many realize. Not only do foreign companies list on U.S. exchanges but scratch beneath the surface and even ostensibly American companies may be...
Precedent Watch
03 September 07:32
Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers after making progress in other areas of reforming pay structures...
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03 September 02:00
Dodd-Frank's near disdain for credit ratings agencies has created new confusion, this time around in the money market...
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03 September 02:00
While clawbacks are a top focus for U.S. regulators, Canadian players are taking a decidedly mixed approach...
Precedent Watch
03 September 01:00
A pair of financial services companies are banking on the public markets. These companies have extremely different client bases and business models, but the same aspirations...
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02 September 18:59
Australia's dominant phone provider Telstra Corp said its Chinese subsidiary SouFun Holdings Ltd had filed for an initial public offering with the U.S. Securities and Exchange Commission...
Reuters News
02 September 12:55
U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second...
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02 September 12:00
The Federal Deposit Insurance Corp is not entitled to $900 million it demanded from the parent company of the failed Colonial Bank...
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02 September 07:05
Indonesian coal miner PT Harum Energy, owned by Tanito Coal Group, aims to raise as much as 4.1 trillion rupiah ($455 million) in its initial public offering, based on the share price range set...
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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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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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01 September 13:41
Eli Lilly & Co won a patent battle protecting its osteoporosis drug Evista, as an appeals court declined to toss out a permanent injunction preventing production of a generic copy of the medicine...
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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 01:30
Unfazed by the summer heat in the northern hemisphere, the global energy M&A binge is gaining momentum. Asia-Pacific companies in particular have demonstrated an ongoing appetite for assets outside Asia…
Precedent Watch
01 September 01:00
American industrial giant 3M has proposed a billion-dollar acquisition of biometric identification solutions provider Cogent, Inc…
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31 August 17:00
In Anwar v. Fairfield Greenwich Limited, 1:09-cv-00118 (VM) (THK), Judge Victor Marrero of the Southern District of New York adopted a novel view of the effect of...
Precedent Watch - Guest Author
31 August 11:00
Proposed new U.S. regulations could cost mutual fund companies hundreds of millions of dollars in distribution fees they split with partners...
Reuters News
31 August 01:29
The U.S. futures regulator issued a final rule for the retail foreign exchange market, which included relaxing an earlier proposal that would slash leverage available to investors participating in these transactions...
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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
27 August 02:00
It seems another regulatory hiccup has burst from the pages of the Dodd-Frank Act. This time the snafu involves the mining sector, a place where accidents can lead to disaster…
Precedent Watch
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
Going-private might seem like a life of luxury for a company, allowing it to leave behind worries surrounding public share prices or reporting requirements. But getting there can be a hair-raising legal journey…
Precedent Watch
26 August 07:11
The Federal Reserve has begun taking the first steps to crack down on debit-card transaction fees, with the battle between merchants and banks moving from the legislative to the regulatory arena...
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26 August 03:35
Adani group plans to invest in a $1.6 billion coal railway project in Indonesia's South Sumatra province...
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26 August 02:30
With fears growing that the U.S. bond market may be developing into a financial bubble, HSBC has filed a note and warrant programme that may allow even non-U.S. citizens to participate…
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26 August 01:30
Clothing retailer and mall stand-by the Dress Barn, Inc. is being displaced by its own subsidiary in an unorthodox reorganization…
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26 August 01:30
Despite bearing witness to mounting troubles associated with European debt woes, Japan has been pumping stacks of government bonds into the market, which have been slurped up by institutional investors and foreign governments...
Precedent Watch
25 August 16:03
Blackstone Group LP urged a federal appeals court not to revive an investor lawsuit accusing it of hiding bad investments before raising $4.7 billion in its 2007 initial public offering...
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25 August 15:25
Niche Dutch luxury cars maker Spyker Cars, which bought Sweden's Saab from General Motors Co earlier this year, has informed stock exchange NYSE Euronext that it has more liabilities than assets...
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25 August 13:30
Shareholders won more power on Wednesday to shake up corporate boards in the United States after the financial crisis exposed weaknesses in how companies were managed...
Reuters News
25 August 02:30
There is a new mega-VC in town, and the U.S. government is its name. Companies from Tesla Motors to Solyndra to Hoku Corporation have been among the prime beneficiaries…
Precedent Watch
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 14:00
In the highest-tech of spy-tech/security mergers, FLIR Systems has announced an all-cash tender for shares of ICx Technologies…
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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
24 August 00:05
Now that Google is back in China, the search engine may find things have slightly changed in its absence. In particular, some of its competitors have packed on some M&A weight…
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23 August 11:47
A man accused with his girlfriend of operating a "brazen" insider trading scheme involving Walt Disney Co stock pleaded guilty to conspiracy and fraud...
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23 August 10:19
U.S. stocks rebounded from a two-week string of losses in the Dow and S&P as a bidding war involving HP and Dell, along with other acquisition deals...
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23 August 10:09
Bailed-out insurer American International Group Inc said it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far...
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 08:23
A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business amid accusations that...
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23 August 01:00
Tiny Mauritius has proudly entered the big time with its first ever listing on a major New York exchange. MakeMyTrip, Ltd., an India-based internet travel agency has splashed onto the NASDAQ Global Markets Exchange…
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20 August 03:00
Healthcare deals appear to be built on strong real estate, but it may turn out to be on surprisingly thin ice, given the heat of regulation. Recent deals by…
Precedent Watch
20 August 01:00
Money flowing out of China in the form of outbound investment has been popping up in record amounts in the form of international listings, overseas acquisitions and…
Precedent Watch
20 August 00:30
The pharma industry must be taking activity-boosting drugs, to judge from the quickened deal pace over the last week. The spate of recent deals includes two mergers, a PIPE, a private placement, and an IPO...
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20 August 00:15
Qatar’s $3.5 billion conventional bond issue may be the season’s most noteworthy Islamic finance deal…
Precedent Watch
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 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…
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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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19 August 00:05
An FDA grant of “orphan drug” status could help bring an experimental cancer drug to market for Israel’s BioCancell Therapeutics…
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18 August 15:30
Bank of America Merrill Lynch will pay $2.5 million in restitution and fines after it failed to provide discounts to customers on a type of securities sale, the brokerage industry's primary regulator said...
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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…
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18 August 02:00
The SEC is continuing its regulatory makeover of the municipal bond or “muni” market. The Commission has approved...
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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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18 August 00:05
State banking regulators are preparing to introduce new standards and propose changes to their laws and rules even before federal prudential regulators begin the...
Precedent Watch
17 August 15:45
The U.S. Securities and Exchange Commission is conducting a formal investigation into possible insider trading by certain past and current officers and...
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17 August 11:00
The U.S. Commodity Futures Trading Commission said it has formally withdrawn its proposed rule on energy position limits as it prepares to issue broader curbs on...
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17 August 07:40
"Dark pools" and other alternative trading systems are not as big a threat to Asia's bourses as they are for their western counterparts, given regulators' reluctance to...
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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 20:58
Trading in shares of Denway Motors Ltd was suspended, the Hong Kong exchange said....
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16 August 16:31
General Motors Co has completed the paperwork for an initial public offering and timing of its filing with the U.S. securities regulators now rests with the board of the top U.S. automaker...
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16 August 15:40
Fund giant Fidelity Investments sharply raised its holdings of oil firm Exxon Mobil in the second quarter, a filing showed, though it reduced other large positions including stakes in Google Inc and...
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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...
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16 August 13:29
Barclays Bank Plc has agreed to pay nearly $300 million to settle criminal charges that it violated U.S. sanctions in dealings with Cuba, Iran, Libya, Sudan and Myanmar...
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16 August 12:05
The Federal Reserve published new rules aimed at protecting consumers from abusive mortgage practices, including clearer cost disclosures and a ban on payments to mortgage brokers for...
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16 August 11:03
Dell Inc plans to buy data storage company 3PAR Inc for $1.15 billion in cash, expanding its cloud computing business to compete with other technology services companies like IBM...
Reuters News
16 August 08:00
The European Commission unveiled proposals for a change to EU rules governing financial conglomerates, saying it wanted national supervisors to have more oversight of...
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16 August 01:00
While the world idles away the dog days of summer, DirecTV has had a busy August, wheeling and dealing as it buys back shares and issues billions in new debt...
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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
16 August 00:30
A happy ending was sealed last week for another SPAC that had been scouring the PRC for a suitable acquisition target. GSME Acquisition Partner I, a Cayman…
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13 August 18:30
Six U.S. Democratic Senators have asked the head of the U.S. Securities and Exchange Commission to require more disclosure about the trillions of dollars worth of...
Reuters News
13 August 01:00
The breadth of one deal device has quietly grown in quite breathtaking ways, shaping deals from the Dollar Thrifty merger to Marcellus Shale Gas transactions to REIT acquisitions...
Precedent Watch
13 August 00:15
Israel’s D.Medical, an as-yet-unprofitable insulin therapy company, has called in some high-end legal talent to help launch its American IPO...
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12 August 16:30
Bank regulators pledged an "open door" policy for carrying out financial reform, also saying they will inform the public of meetings between senior officials and private sector individuals...
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12 August 05:55
Private equity firms such as Kohlberg Kravis Roberts & Co and regional heavyweight Abraaj Capital which benefited from Dubai's boom years are now looking to the emirate for reforms needed to...
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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…
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12 August 02:22
India may temporarily shut down BlackBerry services if security concerns are not addressed in a meeting on Thursday, sources said, a sign the Canadian firm's tussle with authorities around the world is far from over...
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12 August 01:30
Magnachip Semiconductor, a Delaware technology maker may be readying its forces to IPO in the United States, after a withdrawn attempt earlier this year. Fresh from Chapter 11 restructuring…
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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 08:43
U.S. and British regulators are investigating the timing of Goldman Sachs Group Inc's disclosure to them that the bank was the subject of a federal civil fraud probe...
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06 August 02:00
The delisting of Hutchison Telecommunications, which has been in the works since early 2010, recently drew attention from New York securities regulators, who honed in on…
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05 August 18:00
The “swaps push-out” requirement in Dodd-Frank could have a material impact on the way in which banking institutions structure their U.S. derivatives operations. Yet this is not the last word on derivatives regulation, as the legislation explicitly delegates to the SEC and CFTC broad rulemaking authority over derivatives…
Precedent Watch - Guest Author
05 August 12:34
Libya's sovereign wealth fund has taken a 2.075 percent stake in UniCredit SpA, joining the Central Bank of Libya as a top shareholder in Italy's biggest lender...
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05 August 00:30
Turning to a Starbucks-like model of expansion, one pharmaceutical company seems to be adopting the mantra of “more factories are better than one” in an effort to stake out its position…
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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 12:00
The Hong Kong Securities and Futures Commission's recent update on the deterioration of standards in listing applications has led some in the industry to call for...
Precedent Watch
04 August 08:59
American authorities are investigating the U.S. division of global banking group HSBC over its compliance with anti-money laundering procedures, according to a regulatory filing...
Reuters News
04 August 02:30
Ironically, SEC transparency, and FOIA that enables it, are taking a big step back, thanks to a little noticed section of the recently passed Dodd-Frank Act…
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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
04 August 00:30
Channeling the ghost of Joseph Heller, Israel’s Bezeq announced this week a special tender offer for 5% of the shares of Walla! Communications, Ltd., the ebay of Israel…
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03 August 22:18
China Everbright Bank's IPO shares reserved for strategic investors have been hugely oversubscribed, signalling strong demand for the potentially $2.9 billion offering as stock markets recover...
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03 August 07:15
Federal Reserve officials will consider a modest but symbolically important change in the management of its massive securities portfolio when they meet next week...
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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 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
China Ceramics, a producer of building tiles, is taking steps to protect itself against unannounced takeovers through a three-step buyback of some of its shares issued …
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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
02 August 01:54
Goldman Sachs said that it believed its trades with the bailed out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG...
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01 August 01:46
Abu Dhabi Commercial Bank said it had 6.6 billion dirhams ($1.8 billion) worth of exposure to indebted state conglomerate Dubai World and posted a second-quarter loss...
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30 July 02:30
Corporate bond offerings are hot these days, despite Dodd-Frank’s confusing impact on bond activity. Issuers from Agilent to Target, lured by low long term rates, have recently...
Precedent Watch
30 July 02:30
Disclosure law has just found its new sheriff, and he's waving a big gun at Bank of America/Merrill, notably going it alone rather than being boxed into others' class actions…
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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 16:30
The Justice Department said it sued Oracle Corp, alleging it defrauded the federal government on a software contract in effect from 1998 to 2006 that...
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29 July 03:00
The legal side effects of financial reform legislation are already creeping into the market. While many of the changes envisioned under Dodd-Frank will take place years into the future, one of its immediate effects is…
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 07:35
Several U.S. government agencies are preparing a criminal probe of at least three companies involved in the massive oil spill in the Gulf of Mexico, though it could take more than a...
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28 July 04:39
Shares of Aluminum Corp of China Ltd (Chalco) were suspended, as its state-run parent said it would hold a signing ceremony on Thursday likely to be attended by Rio Tinto executives...
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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 01:41
Egyptian real estate firm SODIC, seeking new land near its flagship Allegria project, said it had bid for 410 feddans (426 acres) in the Cairo suburb of Sheikh Zayed City...
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28 July 01:00
Somehow, the philosophy of ‘everyone’s gotta eat’ has not been translating into gushing profits for the world’s agribusiness conglomerates. Cutthroat competitors Archer Daniels Midland, Cargill and Bunge, among others, are reporting something in common to shareholders…
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…
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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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27 July 18:00
The Australian corporate regulator's latest foray into the area of disclosure has highlighted a growing tension within the financial services sector between the Corporations Act and the push for shorter...
Precedent Watch
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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27 July 11:45
Investors are alleging more losses than ever before when they sue companies for securities fraud, though the pace of such lawsuits seeking class-action lawsuits has...
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26 July 12:39
DLF is buying out the stake held by Dubai World's property arm in an equal joint venture in India for about 2 billion rupees ($43 million)...
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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 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
23 July 03:30
President Obama's sprint to sign the financial reform bill may be over, but the massive regulator marathon has only just begun. From the CFTC to the FSOC…
Precedent Watch
23 July 03:00
BP is building up its war chest to confront the massive cash outlays it faces through a blockbuster deal to sell oil & gas properties in Egypt, Canada and the Permian Basin of Texas, to Apache Corp. for $ 7 billion...
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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 16:00
Fresh on the heels of its recent $225 million backdating settlement, Israel’s Comverse Technologies continues to pique the interest of global investors…
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22 July 12:30
The U.S. Commodity Futures Trading Commission said it will provide more information on positions held by large traders in financial futures markets, part of its push to boost transparency...
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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 16:30
U.S. securities regulators said they will propose a cap on mutual fund marketing fees, a move that could reduce costs for investors and put a dent in brokerage and...
Reuters News
21 July 12:35
Algeria is considering tightening its rules on how the price is set when the state buys a foreign-owned firm, a step which could cost Egypt's Orascom Telecom billions of dollars...
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21 July 12:25
President Barack Obama signed into law the most comprehensive financial regulatory overhaul since the Great Depression and vowed there will be no more taxpayer-funded bailouts for Wall Street...
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21 July 03:00
Goldman might have settled with the SEC, but disclosure norms for synthetic CDOs are far from settled. The SEC’s $550 million settlement and consent with Goldman Sachs is trailblazing in more ways than one…
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21 July 01:45
The European Commission has approved a sweeping restructuring of Bank of Ireland, which will see the beleaguered bank dispose of a number of key assets in order to comply with EU rules on state aid…
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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
21 July 00:30
U.S. and Chinese media companies have at least thing in common – no it’s not their love of kung fu movies. Companies on both sides of the Pacific are restructuring…
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21 July 00:27
Emirates Telecommunication Corp., the Arab world's second-largest telecom operator by market value, said on Tuesday it will invest $163 million in an expansion of its Sri Lankan network...
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20 July 13:45
The Securities and Exchange Commission is in the midst of more probes stemming from the financial crisis, its chairman said, a week after Goldman Sachs settled fraud charges for...
Reuters News
20 July 09:14
Goldman Sachs Group Inc posted lower second-quarter earnings, hurt by its settlement of U.S. Securities and Exchange Commission civil fraud charges and the UK tax on bank executive bonuses...
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 12:48
Privately negotiated derivatives should be more standardised and traded on exchanges where possible, using incentives rather than mandatory rules for now...
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19 July 01:00
The 2010 report card for Canadian public issuers is in, and while some have shown improvement, the class average is still pretty low...
Precedent Watch
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
16 July 14:40
The Securities and Exchange Commission said it created three expert units to focus on big financial companies, complex securities and securities offerings...
Reuters News
16 July 13:00
U.S. banks, which scrambled to raise billions of dollars in capital last year in the aftermath of the financial crisis, may not be done yet...
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16 July 08:00
Goldman Sachs Group Inc agreed to pay $550 million (356 million pounds) to settle civil fraud charges over how it marketed a subprime mortgage product...
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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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16 July 02:30
A recently enacted tax disclosure law from China is threatening to take the world by storm, even shaking public markets in the U.S., Hong Kong, Canada and Bermuda…
Precedent Watch
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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15 July 18:00
The SEC and Goldman Sachs have reached a record $500 million settlement of charges related to insufficient and misleading disclosure. In the case of SEC v. Goldman Sachs and Fabrice Tourre, the Commission charged Goldman with...
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15 July 15:40
The U.S. Congress approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law...
Reuters News
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
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…
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15 July 01:00
While some China-based solar companies are infused with enthusiasm towards the PRC green sector, one company is treading carefully. NASDAQ-listed China Sunergy recently…
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14 July 10:10
Securities regulators weighed whether to change voting in corporate elections, amid calls from companies to fix a system they consider broken and antiquated...
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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...
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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
14 July 01:08
Israeli drug development company BioLineRx is planning a share offering on U.S. exchange NASDAQ...
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13 July 17:30
Under China’s Anti-Monopoly Law and the Filing Thresholds Regulations, the State Council has delegated to MOFCOM the right to investigate…
Precedent Watch - Guest Author
12 July 13:33
U.S. bank regulators would have more power to examine the largest and riskiest institutions, under a new interagency memorandum approved...
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09 July 02:00
Lenovo-affiliate and tech giant AsiaInfo Holdings, Inc. just completed its merger with Linkage Technologies Holdings…
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07 July 19:00
In early November, 2009, the merger-control regulator of the People’s Republic of China, the Anti-Monopoly Bureau under the Ministry of Commerce, announced…
Precedent Watch - Guest Author
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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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
06 July 01:00
The asset-backed commercial paper crisis of 2007-08 continues to have repercussions for Canada’s public issuers. And now, the CSA has proposed changes to…
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
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 00:30
The deceptive quiet two weeks after the revaluation of the renminbi may continue on for some time. The renminbi, China's currency, which is also known as the yuan, was recently unpegged…
Precedent Watch
02 July 00:15
The private equity gambit of asset-shifting continues to find opportunistic participants…
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01 July 09:30
The Treasury Department said it has earned gross profit of about $2 billion so far on the sale of about one-third of its common stock holdings in Citigroup Inc...
Reuters News
01 July 08:00
British telecoms provider BT announced pricing it said was cheaper than that of its rivals for Sky Sports TV channels, potentially sparking a price war after BSkyB was ordered to...
Reuters News
01 July 00:30
When the government both competes and regulates, the outcome of the competition should rarely be in doubt…
Precedent Watch
30 June 12:15
U.S. securities regulators voted to restrict a practice that has allowed money managers to make political contributions in hopes of winning business from pension funds...
Reuters News
30 June 02:00
Fraud has gone social media, and the SEC is onto it. Pump & dump schemes have moved from the classified pages and spam e-mail to Facebook and Twitter…
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30 June 01:00
Financial services disclosure has been of particular interest since the implosion of the global financial system...
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28 June 10:00
The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill...
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28 June 02:30
The specter of TARP and troublesome economic times are still haunting Bank of America. In a recently released SEC staff comment letter, several items…
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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 12:49
Kuwaiti telecoms firm Zain is in talks with Abu Dhabi's Emirates Telecommunications Corp (Etisalat) about selling a majority stake in the group...
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27 June 11:08
Israel's MA Industries is to buy U.S. firm Albaugh Inc for about $1 billion to bolster its presence in the Americas and solidify its position as the world's biggest generic agrochemical maker...
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25 June 03:00
Williams-Sonoma is cooking up some new executive compensation agreements and perquisites. In recent regulatory filings, newly appointed...
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25 June 01:00
Real estate developers of Hong Kong’s roller-coaster property market may soon feel more pairs of eyes glaring at their backs and their books…
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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
23 June 22:17
Google Inc said it was examining the impact of a new set of Chinese regulations towards mapping on its Google Maps product in the country...
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23 June 01:00
Australia’s ‘super tax’ on its natural resource sector seems set to change the face of the industry, leading companies from BHP Billiton, Rio Tinto and…
Precedent Watch
23 June 00:15
The apparently boundless growth potentials of telecom and Islamic finance have come together in the fertile soil of Indonesia…
Precedent Watch
22 June 01:00
It doesn’t attract the media attention of its wealthier, splashier or more controversial neighbors, but the Hashemite Kingdom of Jordan is nonetheless an important…
Precedent Watch
21 June 14:30
The financial regulator has fined photo booth maker Photo-Me 500,000 pounds, the largest fine of its type, for a delay in disclosing inside information...
Reuters News
21 June 12:00
Canadian construction companies, strengthened by government stimulus projects and the end of the economic downturn, are casting about for acquisitions as the work they bid on gets bigger and...
Reuters News
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...
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18 June 02:30
Israeli generic pharmaceutical giant Teva filed a suitably gigantic $2.5 billion debt offering this week...
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17 June 14:07
New British finance minister George Osborne announced the biggest shake-up of the regulatory landscape in 13 years on Wednesday as he pledged to give the Bank of England ultimate control over financial supervision...
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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 00:15
Proving one man’s trash is another man’s treasure, the recent reverse merger of TradeOn, Inc., offers another in a series of roadmaps for entrepreneurial companies to gain public listings...
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14 June 00:30
Global communications and Israeli consolidation, just took another step forward with the $58 million acquisition of Israel’s TTI Team Telecom by PE-backed TEOCO Corporation...
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11 June 02:00
Structured finance lawyers and bankers, bank your sleep hours. An overhaul in the regulation of structured financial products is upon us, including new powers intended to...
Precedent Watch
11 June 01:00
Qatar’s Lilliputian size belies its deal-making prowess. Pound-for-pound, it may be the world’s richest (non-tax haven) country, but Qatar hasn’t put all its eggs in the energy basket...
Precedent Watch
10 June 02:00
As firms consider deleveraging strategies, consider the IRS’s latest move: The Internal Revenue Service and the Department of the Treasury have proposed new rules relating to...
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10 June 02:00
The rain in Spain is falling relentlessly on the (banking) plain. This has led to a scurry for cover through well-publicized Spanish governmental moves, and…
Precedent Watch
10 June 01:00
A first-of-its kind trade treaty stands to heat up the surprisingly dynamic relationship between Brazil and Israel…
Precedent Watch
09 June 12:54
Egypt's Raya Holding said on Tuesday it is to build a second data centre in the country for GPX Global Systems Inc, which aims to provide Internet exchanges and data centres for firms in the Middle East...
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09 June 04:00
In the heady boom days of 2006 and 2007 private equity partied it up and structured mega-buyouts with loads of leverage. Debt laden portfolio companies are still...
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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 02:00
A draft of red-hot Agricultural Bank of China’s prospectus was filed with the China Securities Regulatory Commission on June 4 2010. Hailed as ‘the big one,’ the IPO of the last of China’s Big 4 banks seems to have shrunken somewhat from…
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07 June 04:00
At long last, the SEC is joining with others to regulate the muni market. These bonds have, until now, been treated as frequent flyers, with favored, fast track expediency, in the metaphoric “security line” of offerings...
Precedent Watch
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 03:00
Though the World Cup hasn't been won yet, Westlaw Business Currents can already reveal winners and losers of this tournament. In particular, there are some surprising results for UK-listed companies…
Precedent Watch
03 June 09:10
Israel is poised to become an energy exporter after finding much higher than expected natural gas reserves off its Mediterranean coast...
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03 June 02:00
It has been six months since Dubai World rocked markets around the globe with the announcement it would seek to restructure its burgeoning debt, but the reputedly imminent settlement remains far from certain…
Precedent Watch
02 June 13:17
The Hinduja Group plans an $800 million to $1 billion Saudi initial public offering (IPO) this year of lubricants maker Petromin...
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02 June 02:15
Telecom Egypt has the right of first refusal to buy Vodafone's stake in its Egyptian unit if the British mobile operator decided to sell...
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01 June 15:21
The head of the Financial Accounting Standards Board, which sets U.S. accounting rules, said on Tuesday he does not expect FASB to meet a June 30, 2011 deadline for convergence with...
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31 May 01:00
State media whispers that China will launch new investment venues such as futures trading for foreign institutions have tongues wagging about the Qualified Foreign Institutional Investor Scheme (QFII)…
Precedent Watch
28 May 04:00
The SEC finally approved a new rule to enhance disclosure regulations surrounding municipal securities. Muni-bond issuers had grown used to a lighter regulatory touch, but…
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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
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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25 May 02:00
Leveraging an ambitious national R&D initiative, Protolix BioTherapeutics, Inc., announced receipt of $4.1 million in government grants from Israel’s Office of Chief Scientist...
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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
20 May 06:00
Business risk is mounting on the streets of Thailand as security forces and anti-government demonstrators are clashing in the capital, Bangkok…
Precedent Watch
20 May 04:00
Israel’s high tech defense and avionics systems manufacturer Elbit Systems Ltd. announced earlier this week that it will issue a shelf prospectus valid for two years, thus allowing…
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19 May 02:00
The SEC has announced that “in response to the market disruption of May 6, the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) are filing proposed rules under which…”
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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
14 May 01:00
IP pours forth from Israel, boosting both M&A and legal activity centered on technology. Companies like CheckPoint, Teva and Vishay are the result. IP creation is driven by its IP-fostering laws…
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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12 May 08:00
As Delaware-incorporated Maxlinear, Inc is learning, just because a company is financially ready to IPO doesn’t mean it knows the ropes of SEC compliance. Semiconductor technology company Maxlinear recently…
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11 May 08:00
Hong Kong’s stock exchange beckons with an equity market “siren song”, a song that is being heard by a growing number of foreign firms, from Asia and beyond. The debut this week of France’s L’Occitane…
Precedent Watch
10 May 06:00
The world economy may have been a bad dream for many, but not for generic pharma giant Teva Pharmaceuticals. In a recent filing, Teva revealed three legally impressive facts...
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07 May 10:00
BP’s ecological disaster in the Gulf of Mexico and the SEC’s recently issued guidance on climate change bring environmental disclosures and concerns to the fore. Yet in today’s global economy, natural resources are…
Precedent Watch
07 May 05:00
Goldman Sachs’s disclosure pendulum appears to have now sharply swung in the other direction. In so doing, Goldman may be charting a new course for itself, and arguably for the broader world of besieged public companies...
More Precedent
03 May 08:00
For most U.S. trained attorneys, it probably doesn’t come as a surprise that even the mere possibility of litigation should be disclosed somewhere in a company’s annual report. But for attorneys preparing an annual report for a foreign filer from a less litigious country…
Precedent Watch
29 April 08:00
Everyone from Paulson to TD Bank is getting into the bank acquisition business. Private equity groups, larger banks, and real estate players are gobbling up bank assets…
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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29 April 04:00
The Paris Court of Appeal has passed judgment on the sinking of the Erika, a Maltese registered tanker that broke in two, 70 kilometres from the cost of Brittany during December 1999…
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28 April 01:00
Recent fluctuations in the price of copper are testing the metal of many UK companies. Taking a shine to rising prices are mining companies and price speculators, while building and electronics companies are suffering as the price of copper spirals…
Precedent Watch
21 April 06:00
Disclosure issues dog Goldman Sachs in more ways than one, as its “Wells Notice” disclosure strategy is also cause for question. On September 10, 2009 Goldman received a “Wells Notice” styled In the Matter of ABACUS CDO from the SEC…
Precedent Watch
20 April 08:00
In an era where everyone else’s perks are being cut, once trendsetter Abercrombie is going against the trend. Under the terms of a recently amended employment agreement….
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16 April 04:00
The UK is facing a peril that is threatening to destabilise the British economy. Ahead of the May 6 general election, the prospect of a hung parliament is looming large over Britain and is …
Precedent Watch
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
16 April 01:00
The clearing up in the aftermath of the credit crisis is the opening of a Pandora's box of legal issues which have not been tackled at all or, seemingly solved, have not been tested in respect of certain constellations…
Precedent Watch - Guest Author
12 April 07:00
Following the Securities and Exchange Commission’s 2007 adoption of the mandatory notice-and-access model of proxy distribution, known as e-proxy, states are adjusting their corporate codes to accommodate increased e-proxy demands…
Precedent Watch
09 April 08:00
Though U.S. businesses are going global to mine profits, globalization also brings with it a whole raft of risks. In an era in which risk disclosure has become an art form, it should come as no surprise to find 10-Ks discussing issues ranging from government censorship to deadly diseases....
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
07 April 10:00
Tangled webs of related party transactions woven by family business in Hong Kong may soon face scrutiny from the Securities and Futures Commission. The SFC has been busy warning companies to prepare for more vigilant and stricter…
Precedent Watch
02 April 13:00
While the corners of cyberspace reverberate from Google’s backdoor retreat out of China through Hong Kong, Google’s loyal PRC-based business partners stand dumfounded, asking ‘now what!?’…
More Precedent
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
31 March 06:00
Glacial movement in the private equity sphere of Islamic finance could finally be showing signs of a thaw. After a dormant 2009, several recently announced Sharia-compliant funds suggest PE is finally moving again...
Precedent Watch
29 March 08:00
Patent trolls, university research and JVs at home and abroad are all in a day’s work for companies reliant on intellectual property. This year, a number of notable new trends in IP-disclosures have arisen...
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 06:00
The commodity markets had their fare share of volatility in 2009, which wreaked havoc on many companies’ earnings—some for the better and some for the worse. Companies from Gulfport Energy to Metalico Corp. and Tasty Baking to Kellogg were affected by the tumultuous commodities markets and are disclosing so in their 10Ks…
Precedent Watch
19 March 04:00
Cyber attacks are a growing global problem affecting businesses both within and outside of the traditional IT sector. In the U.S., the Pentagon has just announced that it is to create a cyber army in the wake of…
Precedent Watch
18 March 06:00
Nortel Networks recently filed as part of its 10-K agreements or amendments for many of the deals which were at the center of the 2009 headline topping deconstruction of Nortel. This 10-K is a deal lawyer’s treasure trove, as it contains numerous cross-border stalking horse bids from multiple countries…
More Precedent
18 March 02:00
Hong Kong is the city that never sleeps, where 4 am cell phone chatter fills local haunts. With roller coaster transactions such as Prudential’s recent AIA purchase for US$35.5 billion, lawyers and financiers also know Hong Kong as the city where deals never stop…
Precedent Watch
16 March 08:00
New tickers for PRC companies are popping up on the NYSE and NASDAQ once again, as U.S. listings remain hot tickets. Aptly-named PRC companies like China Lodging and China Ceramics are motivated by strong regulatory factors on both sides of the Pacific…
Precedent Watch
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
09 March 04:00
Film stars, exotic real estate bubbles and international intrigue lend Dubai a patina of the sensational that masks an Olympian accomplishment in the emirate: The near-instantaneous creation of a sophisticated financial regulatory regime…
Precedent Watch
08 March 11:00
The dual-listed airlines of the PRC are faced with dual challenges: they must contend with a travel boom (a good problem) as well as the glare of regulators, including the SEC…
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08 March 01:00
Boston Scientific’s acquisition of Guidant in 2006 came with an unexpected liability – criminal charges. In a recently filed plea agreement...
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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…
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05 March 07:30
After last year’s global financial services crisis, the PRC government has been hard at work to prevent a doomsday scenario from occurring. The China Banking Regulatory Commission (CBRC) in particular is faced with oxymoronic challenges…
Precedent Watch
04 March 02:00
The Federal Reserve’s Term Asset-Backed Lending Facility (TALF) is soon coming to an end, and companies like CIT and Sallie Mae are sad to see it go…
Precedent Watch
28 February 12:00
Saudi Arabia's regulator has fined the country's biggest Islamic bank, al-Rajhi, for not notifying it about the resignation of two senior executives…
Precedent Watch
18 February 04:00
The Securities and Exchange Commission is cracking down on insider trading, inadequate disclosures, and abusive short selling. From subprime securities to Madoff…
Precedent Watch
15 February 15:50
As part of the dizzying array of commodities transactions, Canadian mining firm New Gold sold its Brazilian mining subsidiary, Mineracao Pedra Branca do Amapari, to Australian miner Beadell Resources Ltd. for…
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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 08:00
Harbinger Group plans to eliminate the position now being held by the former Zapata CFO as part of its internal reorganization plan...
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03 February 04:00
When even Toyota has to announce a major product recall, legal observers know product liability is a hot topic. The Japanese carmaker, often hailed as…
Precedent Watch
02 February 12:00
Will 2010 bring credit doom or a credit bloom? Companies from Fifth Third Bancorp and Sealy to Shuffle Master and Western Standard simply cannot agree…
Precedent Watch
29 January 04:00
Corporate disclosure on the ultra-sensitive topic of computer and network security breaches have been highlighted by Google’s recent disclosure of a cyber attack originating in China…
Precedent Watch
29 January 04:00
SEC staff reviews may be a normal course of exchange for public filers, but companies occasionally find themselves aggressively defending their practices. Recently released SEC staff correspondence letters reveal that Southwest Airlines…
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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
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
14 January 06:30
Powerhouse timber company Weyerhauser recently announced its REIT status for 2010, raising a bright green flag over the powerful forces driving REITs. Weyerhauser’s move helps it join not…
Precedent Watch
13 January 12:00
With the motto “Do No Evil” and a rap for bad behavior in China, among others places, it’s little surprise that Google is facing a shareholder proposal to create a Human Rights Committee...
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12 January 06:30
How do you select what to disclose after an unbelievable 2009 fraught with disclosure-worthy issues? With duty to disclose policies newly widespread, this question is even more…
Precedent Watch
08 January 06:30
The Securities and Exchange Commission adopted final rules on December 16, 2009 to expand corporate governance and…
Precedent Watch - Guest Author
07 January 12:00
The SEC has voiced concerns over legal opinions issued in the context of an S-3 registration. Merge Healthcare, a Milwaukee-based healthcare computer systems company…
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04 January 09:00
FCPA enforcement has stepped up yet again, even touching China-related actions in the U.S.A. The SEC’s year-end salvo against California’s UTStarcom Inc. was announced under the cover of 2009’s year end close….
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30 December 06:30
A few days from now, when everyone emerges from the haze of holiday celebrations, Canadian issuers will find themselves with just one year left to get their ducks in order for IFRS compliance. From mineral exploration company Platmin to…
Precedent Watch
30 December 06:00
Private equity is back on the hunt, and PE firms are securing debt commitments that are putting the “L” back into leveraged buyouts…
Precedent Watch
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…
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24 December 07:00
Infrastructure deals are going legit, prompted by profit motives, private equity and $150 billion in investment promised by the U.S. government. The $4 billion bid for Transurban and…
Precedent Watch
22 December 15:00
Perhaps influenced by the controversy over Bank of America’s forgotten bonus schedule from Merrill, the SEC seems to be cracking down in incomplete submission of agreements...
Precedent Watch
22 December 06:30
Property deals are rising, but is this the market taking flight…or dead cat bouncing? Deals involving premium property and players Canary Wharf, HSBC and Blackstone suggest that things are heating up for the high end of commercial real estate…
Precedent Watch
21 December 06:00
Chinese issuers continue to seek access to western capital pools, with Toronto joining New York and even Frankfurt as favored western offering markets. In return, China-based companies are being received with open arms by the Canadian markets, though their disclosures continue to portray a hint of skepticism…
Precedent Watch
18 December 15:00
With just months since the FBI arrested a Galleon Group hedge-fund manager and charged an IBM executive and two employees of hedge fund New Castle Partners in a tech insider trading scheme...
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18 December 08:15
WCA Waste Corp, a Houston-based waste management company, announced that it has signed an agreement to purchase the subsidiaries and certain assets of Live Earth, LLC…
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18 December 06:00
Sovereign wealth fund investments in financial institutions are a hot disclosure topic of late. Some wealth funds are cashing out their investments in…
Precedent Watch
17 December 16:00
Staff comment letters indicate CIT Group’s seemingly smooth prepackaged reorganization hit some potholes with the Securities and Exchange Commission (SEC)...
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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
16 December 06:30
Boardroom battles promise to keep launching during the 2010 proxy season, an ever-sharp issue as proxy-drafting efforts now launch, too. Shifts in proxy disclosure standards must be gleaned, with plenty of fodder from…
Precedent Watch
15 December 15:30
Cadbury Plc filed documents with the SEC in defense of its rejection of Kraft Foods Inc $16.5 billion hostile offer...
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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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14 December 17:00
Kraft Foods is showing signs it still intends to acquire Cadbury Plc, despite Cadbury's Board of Directors’ recommendation that its shareholders reject the offer. Kraft has been in correspondence with…
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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 08:00
Brazilian based Banco Santander (Brasil) S.A. responded to the SEC’s request for more information related to its IPO…
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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
07 December 06:30
Price is a central focus in M&A transactions, so much so that post closing price adjustments are now being set up both forcibly and contractually. Following the sales of both Lehman Brothers and Washington Mutual, companies and shareholders are pushing back against…
Precedent Watch
04 December 06:30
Here’s something you don’t see every day: A remarkably unified front of public issuers and investors pushed back on new corporate governance regulation proposed by securities regulators…and the regulators folded, putting new legislation on the backburner…
Precedent Watch
02 December 06:30
Corporate carve outs seem to be spinning, ever faster. The upcoming spin-off by Time Warner of AOL signals both the end of an era and as the dawn of a new age of spinoffs. Joined by players like Rio Tinto and Bristol-Meyers Squibb, to name but a few, companies are using white-hot equity markets to unload assets or raise cash…
Precedent Watch
01 December 15:30
Pursuant to a Stipulation and Consent to the Issuance of a Consent Order, Wisconsin based WaterStone Bank agreed to the issuance of a Consent Order to be issued jointly by the FDIC…
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01 December 09:00
Getting the SEC regulation that many feel they have earned, the Credit Ratings Agencies now face a second, Proposed Rule, creating new compliance requirements and seeking to separate ratings of...
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25 November 15:00
Credit Ratings Agencies (CRAs) are now getting the regulation many feel they deserve, courtesy of two recent SEC rules releases – one a final rule, the other one proposed, for comments…
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18 November 16:30
DPH Holdings Corp., a Delaware corporation formerly known as Delphi Corp, received approval to cease filing of current and periodic reports under rule 12h-3 of the Securities Exchange Act of 1934....
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17 November 12:00
After months of speculation and preparation, Time Warner’s Board of Directors finally approved the spin-off AOL Holdings on November 16, 2009…
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13 November 02:00
Coal-fired opportunities are powering back up, almost in spite of climate change concerns. Savvy players from NRG to the Tennessee Valley are taking notice. Sitting in the cross-hairs of emerging climate change regulation and lingering real estate troubles…
Precedent Watch
09 September 00:30
Online gambling lurks in the murky fringe between legal and illegal in Canada. With British Columbia leading the way, it appears…
Precedent Watch
08 September 13:17
California regulators are seeking fines of up to $9.9 billion from a unit of health insurer UnitedHealth Group Inc, citing mismanaged medical claims, failure to pay doctors and other lapses...
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08 September 05:00
The Dodd-Frank Wall Street Reform and Consumer Protection Act gives the Securities and Exchange Commission many complex and time-sensitive responsibilities but...
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08 September 02:32
Emirates Telecommunication Corp, the Arab world's second-largest telecom operator by market value, does not expect a deal with India's Reliance Communications in 2010...
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07 September 11:21
European Union finance ministers agreed to a sweeping overhaul of how the bloc's financial industry is policed, but remained locked in dispute over the taxation of banking and trading...
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07 September 03:11
The Office of Fair Trade will investigate the aggregates industry to assess whether the tax payer is getting a fair deal from suppliers of sand, gravel and broken rocks to road and house builders...
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06 September 22:00
Addressing a central complaint of foreign businesses, Vice President Xi Jinping said that China will treat overseas suppliers fairly when they bid for public procurement contracts...
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06 September 06:30
Mobinil, Egypt's top mobile firm by subscribers, is considering issuing bonds with a value of 1 billion Egyptian pounds ($180 million)...
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06 September 03:33
France Telecom kept its financial goals, after an arbitration tribunal fined its Polish unit 396 million euros ($531.3 million), and said the unit was considering whether to appeal...
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06 September 00:05
While bankruptcies have moved off of the front pages, they are still proceeding. U.S. chemical concern Tronox, Inc., has filed a plan to exit Chapter 11 by the end of November...
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05 September 17:31
Santander could hire up to 6,000 new staff over the next year or two as part its expansion in Britain, the Financial Times said...
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02 September 11:05
Financial advisers to states, cities, school districts and other issuers in the U.S. municipal bond market must register with the Securities and Exchange Commission...
Reuters News
02 September 10:15
American International Group Inc has filed an application with the Hong Kong Stock Exchange seeking approval to list its Asian life insurance business...
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02 September 03:44
The United States likely will strike a ground-breaking deal by the middle of next year to sell the United Arab Emirates a multibillion-dollar Lockheed Martin Corp missile defense system...
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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 02:30
Dodd-Frank is yanking trust preferred securities out of Tier 1 capital, and some banks are feeling more pain than others. Those that have relied on the magical elixir of TruPS range from…
Precedent Watch
02 September 02:07
European companies are not quitting China for other countries despite complaints about the growing difficulty of doing business, the European Union Chamber of Commerce in China said...
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01 September 21:07
Brazil's government will charge state oil company Petrobras $8.51 per barrel for crude reserves to be used in a $43 billion oil-for-shares swap, a price seen as high that could limit interest in...
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01 September 13:41
Eli Lilly & Co won a patent battle protecting its osteoporosis drug Evista, as an appeals court declined to toss out a permanent injunction preventing production of a generic copy of the medicine...
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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 02:17
A subsidiary of France's Vinci, the world's largest construction group, is eyeing more complex projects in Abu Dhabi as it starts operations in a fiercely competitive market...
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31 August 11:00
Proposed new U.S. regulations could cost mutual fund companies hundreds of millions of dollars in distribution fees they split with partners...
Reuters News
31 August 04:28
Naguib Sawiris, chairman of Orascom Telecom, said his holding company Weather Investments was talking to telecoms group Vimpelcom about a merger and was open to talks with others...
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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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31 August 00:30
Northern Trust Corp said it has been granted a license by the China Banking Regulatory Commission, which would allow it to set up a banking branch in Beijing...
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30 August 10:30
Renewable Sources, Drivers, Legislation, Capacity Growth and the Future Outlook has announced the addition of the "Green Energy in the UK: Renewable...
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30 August 08:01
Ireland's government signalled that gradually winding down nationalised Anglo Irish Bank could be an option as political pressure mounts on Prime Minister Brian Cowen to...
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30 August 04:15
Flush with petrodollars, Libya has been buying stakes in Italian companies and has disclosed other potential investments in energy and infrastructure companies...
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30 August 01:24
Egyptian telecoms mogul Naguib Sawiris is in talks to sell a majority stake in mobile firm Orascom Telecom and Italy's No. 3 operator Wind to telecoms group Vimpelcom...
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29 August 20:30
Chinese retailer GOME Electrical Appliances Holding Ltd said it had received a letter from a firm owned by its jailed founder and biggest shareholder...
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27 August 01:00
Strategic concerns for companies planning IPOs might have taken an unexpected twist recently, with the technological capacity of trading exchanges now driving (and preventing) some IPO activity...
Precedent Watch
26 August 07:11
The Federal Reserve has begun taking the first steps to crack down on debit-card transaction fees, with the battle between merchants and banks moving from the legislative to the regulatory arena...
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26 August 02:30
Leveraged buyouts may be back, but not without a push from some unusual deal terms and structures…
Precedent Watch
26 August 02:29
Iran has increased production of crude from its Hengam offshore oilfield to 10,000 barrels per day (bpd)...
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25 August 13:30
Shareholders won more power on Wednesday to shake up corporate boards in the United States after the financial crisis exposed weaknesses in how companies were managed...
Reuters News
25 August 08:30
A big high-frequency trading firm faces possible civil charges by regulators after its computer ran amok and sparked a frenzied $1 surge in oil prices in February...
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25 August 02:00
In a year of firsts for credit ratings agencies, including Dodd-Frank’s imposition of expert liability and a bevy of innovative lawsuits, Moody’s has entered the debt market with...
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24 August 13:10
BHP Billiton's hostile $39 billion bid for fertiliser group Potash Corp faces a potential obstacle -- formal approval by its own shareholders -- if it sweetens its offer by more than 22 percent...
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24 August 09:10
EU regulators cleared U.S. insurer MetLife Inc to acquire American Life Insurance Co and Delaware American Life Insurance Co, a $15.5 billion deal that will...
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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
24 August 02:36
A legal showdown between Lehman Brothers and Barclays Plc resumed with a Barclays executive testifying in court that a Barclays pact to buy parts of bankrupt Lehman was the...
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24 August 00:30
Dodd-Frank has struck again. First, changes to credit ratings agency liability standards agitated the debt markets, and now swaps are the target. In a recent call for public comment, the SEC and CFTC have requested…
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23 August 10:09
Bailed-out insurer American International Group Inc said it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far...
Reuters News
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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23 August 02:05
Low-cost Saudi carrier Sama is suspending operations after the private firm failed to obtain financing from investors or government support as losses accumulated...
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22 August 02:08
Billionaire financier George Soros has bought a 4 percent holding in Bombay Stock Exchange for about $35 million, two sources with direct knowledge of the deal told Reuters...
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20 August 01:00
Money flowing out of China in the form of outbound investment has been popping up in record amounts in the form of international listings, overseas acquisitions and…
Precedent Watch
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 05:30
India's security agencies are testing ways to access corporate email on Blackberry devices by obtaining encrypted data in a readable format, a government source said...
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18 August 18:00
Securities regulators will meet on August 25 to consider giving shareholders more power to nominate company directors...
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18 August 15:39
Och-Ziff Capital Management Group was a subject of a regulatory probe surrounding Lehman Brothers' 2008 collapse but the investigation went "nowhere," a lawyer for the fund company said...
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18 August 15:30
Bank of America Merrill Lynch will pay $2.5 million in restitution and fines after it failed to provide discounts to customers on a type of securities sale, the brokerage industry's primary regulator said...
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17 August 02:26
India, which has threatened to block some BlackBerry services over security worries, has formally asked mobile operators to ensure a monitoring system for the smartphone's services by August 31...
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17 August 01:30
Credit rating agencies now face their latest threat, with regulators seeking to reduce their reliance on ratings, and through a surprisingly coordinated effort, at that…
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13 August 15:30
Alabama is suing BP Plc, Transocean and Halliburton for "catastrophic harm" caused by the Gulf of Mexico oil spill, the state's attorney general said...
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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 12:00
Recovery in Europe's sluggish market for commercial property bonds is lagging up to five years behind the United States, delaying a return to cheaper borrowing and...
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12 August 05:55
Private equity firms such as Kohlberg Kravis Roberts & Co and regional heavyweight Abraaj Capital which benefited from Dubai's boom years are now looking to the emirate for reforms needed to...
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12 August 04:53
Customs officials in Ukraine, which is considering introducing a quota system for grain exports, said on Thursday they had prevented export of 28,500 tonnes of wheat because of incorrect paperwork...
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11 August 18:02
U.S. securities regulators said they are working on technical fixes for the still-unexplained May "flash crash," but some market players say they want a wholesale review of high-speed trading...
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11 August 05:07
The Reserve Bank of India said it intends to grant a limited number of new bank licences, a move that was earlier flagged by the government to expand the geographic reach of the sector...
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11 August 02:23
Ukraine's Agriculture Minister Mykola Prysyazhnyuk was quoted as saying that the ministry would propose grain export quotas for the 2010/11 season...
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11 August 00:30
FSA enforcement efforts have uncovered the sale of ridiculously complex financial products sold to unsuitable consumers, a morbid mis-selling of life insurance pools that…
Precedent Watch
10 August 18:25
A top Democratic lawmaker proposed to take back disclosure exemptions granted to U.S. securities regulators in new financial reform legislation...
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10 August 18:02
The U.S. Commerce Department is analyzing a court ruling that strikes at its ability to simultaneously apply two sets of import duties on goods from China, a department official said...
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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 12:42
A joint venture of private Turkish companies Is-Kaya Insaat and MMEKA Machinery made top bids totalling nearly $5 billion for rights to operate two Turkish power grids...
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10 August 02:30
All the talk of a wind energy-filled future may appear to be little more than hot air, with key legislation diminished and then delayed. But private innovators like Google have stepped in where the government fears to tread…
Precedent Watch
10 August 01:45
Wells Fargo & Co said new U.S. financial regulation to limit overdraft fees would reduce its fee revenue by about $500 million in the second half of this year...
Reuters News
09 August 13:45
Swiss drugmaker Novartis received approval from European Union regulators to buy a stake in Alcon, making it easier for it to take full control of...
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09 August 08:43
U.S. and British regulators are investigating the timing of Goldman Sachs Group Inc's disclosure to them that the bank was the subject of a federal civil fraud probe...
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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
09 August 02:00
Two foreign subsidiaries of Alliance One International Inc, a global tobacco leaf merchant based in North Carolina, have pleaded guilty today to transgressing the Foreign Corrupt Practices Act by...
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06 August 05:19
The Financial Services Authority (FSA) has launched a probe into sales of a bond fund by Royal Bank of Scotland's private banking arm Coutts, which counts the Queen among its clients...
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06 August 02:00
The delisting of Hutchison Telecommunications, which has been in the works since early 2010, recently drew attention from New York securities regulators, who honed in on…
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05 August 17:45
President Barack Obama's nomination of Elena Kagan to the Supreme Court won Senate approval, his second appointment to the court that decides abortion...
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05 August 12:24
General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said...
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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
05 August 00:30
Public companies, whether acting as landlords or tenants, are dreading a rule-driven earthquake, rumbling amidst the property beneath their very feet...
Precedent Watch
05 August 00:10
Swiss investors unveiled Algeria's first Western-style shopping mall on Wednesday, a 70-million-euro project that marks the first major foray by foreigners into the energy exporters' untapped retail market...
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04 August 22:10
China's banking regulator has instructed lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday...
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04 August 12:30
U.S. securities regulators charged a former business director and third-party agent for Innospec Inc with bribing Iraqi officials in the United Nations' Oil for Food program...
Reuters News
04 August 11:00
European Union antitrust regulators approved U.S. manufacturer Honeywell International Inc to buy French firm Sperian, saying the acquisition would not harm competition...
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04 August 02:30
Ironically, SEC transparency, and FOIA that enables it, are taking a big step back, thanks to a little noticed section of the recently passed Dodd-Frank Act…
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04 August 02:00
Egypt could triple its trade with South American trade bloc Mercosur over the next few years as it pushes to secure food supplies...
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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
03 August 16:45
The Federal Deposit Insurance Corp is seeking proposals from Wall Street dealers to help issue commercial mortgage-backed securities with loans saddling failed bank balance sheets...
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03 August 07:15
Federal Reserve officials will consider a modest but symbolically important change in the management of its massive securities portfolio when they meet next week...
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03 August 02:39
Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for years...
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03 August 01:49
The Iraqi Oil Ministry expects strong demand at an auction for three gas fields it plans to develop, a senior oil official said, despite the lack of a new government nearly five months after an election...
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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 12:35
Telecom Corp of New Zealand said it has put a plan to the government to build a national broadband network which involves splitting the company in two...
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02 August 10:43
A U.S. judge refused to dismiss the state of Virginia's challenge to President Barack Obama's landmark healthcare law, a setback that will force his administration...
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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 07:41
China's Geely completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker...
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02 August 05:30
A U.S. arms control official urged China, which has always promoted dialogue with Iran over its nuclear program, to observe sanctions against Tehran aimed at forcing it to...
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02 August 00:55
Saudi Arabia's telecoms regulator has ordered local operators to freeze the Messenger function for BlackBerry users this month...
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30 July 13:07
New York Attorney General Andrew Cuomo has subpoenaed six additional insurers as the state widens a probe into possible fraud in the life insurance industry...
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29 July 17:00
Bank regulators have issued a final rule that would require mortgage loan originators to register with a national registry of mortgage loan originators as part of...
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29 July 16:30
The Justice Department said it sued Oracle Corp, alleging it defrauded the federal government on a software contract in effect from 1998 to 2006 that...
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29 July 15:26
Citigroup Inc will pay $75 million to settle charges that it failed to disclose to investors $40 billion in subprime exposure in 2007, the Securities and Exchange Commission said...
Reuters News
29 July 11:56
More than 2,000 miles from the Gulf of Mexico shoreline, lawyers were set to argue before a judicial panel on how hundreds of spill-related lawsuits against BP Plc should be merged...
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29 July 07:24
The Financial Services Authority regulator is planning tougher curbs on bankers' bonuses following plans by the European Union to clamp down on remuneration in the sector following the credit crisis...
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29 July 03:24
Metro Bank, Britain's first new High Street retail bank in more than 100 years, opened for business with high hopes of breaking into a sector shaken up by the global credit crisis...
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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 02:45
Not only are EU regulators crowing about their recently-concluded tests, but so too are those who have suffered through the stress. From ING to Barclays, European banks are disclosing that…
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27 July 22:00
A botched share swap last month in which 10 times more US Bancorp shares were issued than planned, angering and confusing investors, led the NYSE to cancel three days of trades in the stock...
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27 July 18:00
The Australian corporate regulator's latest foray into the area of disclosure has highlighted a growing tension within the financial services sector between the Corporations Act and the push for shorter...
Precedent Watch
27 July 12:59
General Electric Co will pay $23.4 million to settle charges that executives bribed Iraqi government officials to win contracts, the U.S. Securities and Exchange Commission said...
Reuters News
27 July 12:34
The court-appointed examiner investigating Tribune Co's bankruptcy said he had found some evidence of dishonesty in the 2007 leveraged buyout of the media company by real estate developer Sam Zell...
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27 July 12:16
Goldman Sachs said it is launching a service to facilitate central clearing for clients in all listed and privately traded derivatives asset classes...
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27 July 06:00
The former finance director of Northern Rock, the British bank which nearly collapsed during the credit crisis and had to be nationalised, received a hefty fine for mis-reporting mortgage arrears figures...
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27 July 05:49
French banks looked to benefit the most from a scale-back of looming capital requirements known as Basel III as investors pushed their shares to 2-1/2 month highs, leading a sector-wide advance...
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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 01:00
Bahrain plans to privatise national carrier Gulf Air as soon as possible encouraged by positive results in its restructuring...
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25 July 22:30
The African Union said Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank…
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23 July 06:40
China's Chery Automobile Co said on Friday it was unaware of a U.S. case of alleged theft of GM technology that had been linked to the Chinese firm...
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23 July 03:30
The Term Asset-Backed Securities Loan Facility (TALF) never approached the lofty $200 million in loans that the Federal Reserve envisioned and now it’s getting even smaller…
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22 July 16:45
Dell Inc said it has agreed to a $100 million settlement with the U.S. Securities and Exchange Commission following an...
Reuters News
22 July 12:30
The U.S. Commodity Futures Trading Commission said it will provide more information on positions held by large traders in financial futures markets, part of its push to boost transparency...
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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
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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21 July 12:25
President Barack Obama signed into law the most comprehensive financial regulatory overhaul since the Great Depression and vowed there will be no more taxpayer-funded bailouts for Wall Street...
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21 July 03:00
Goldman might have settled with the SEC, but disclosure norms for synthetic CDOs are far from settled. The SEC’s $550 million settlement and consent with Goldman Sachs is trailblazing in more ways than one…
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21 July 01:45
The European Commission has approved a sweeping restructuring of Bank of Ireland, which will see the beleaguered bank dispose of a number of key assets in order to comply with EU rules on state aid…
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20 July 08:30
Dubai aims to set up an alternative stock market for small-to-medium sized firms in a bid to create more exit options for the region's private equity sector...
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19 July 13:24
The top U.S. securities regulator will need to add about 800 new positions to carry out its part of the massive financial reform legislation, the head of the agency said in testimony to be delivered...
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19 July 08:00
Update on Bank of Ireland Group's Participation in the National Asset Management Agency...
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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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19 July 02:30
Perhaps surprisingly, even in this wizened post-BP age, ultra deepwater drilling is going on unabated, leveraging some of the same structures as BP/Transocean…
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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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16 July 14:40
The Securities and Exchange Commission said it created three expert units to focus on big financial companies, complex securities and securities offerings...
Reuters News
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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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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16 July 01:00
In a recent no action request, the SEC confirmed the registration exempt status of senior certificates issued by a mortgage trust established by the FDIC…
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16 July 00:15
Buy shares in a leading British company and you might be buying more than you bargained for, as emerging market deals come into play…
Precedent Watch
15 July 18:00
The SEC and Goldman Sachs have reached a record $500 million settlement of charges related to insufficient and misleading disclosure. In the case of SEC v. Goldman Sachs and Fabrice Tourre, the Commission charged Goldman with...
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15 July 17:00
British Columbia launched North America's first government-run online casino on Thursday, aiming to take a cut of the big dollars its residents are already gambling over the web...
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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 15:15
Legislation that could bar BP from getting new offshore oil leases in the United States passed another hurdle in Congress on Thursday while a separate bill to boost safety requirements for...
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15 July 05:19
Spain sold 3 billion euros ($3.8 billion) of a 15-year benchmark bond, at the top end of the Treasury's target range, following previous successful auctions in euro zone periphery countries this week...
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14 July 02:30
Major pharmaceutical deals, like those involving Teva and Pfizer, are unfolding under the twin pressures of healthcare reform in the U.S. and downward price pressure on...
Precedent Watch
13 July 17:30
Under China’s Anti-Monopoly Law and the Filing Thresholds Regulations, the State Council has delegated to MOFCOM the right to investigate…
Precedent Watch - Guest Author
13 July 17:00
Canada's proposed national securities regulator would have a strong presence in all corners of the country, according to a blueprint released that also set new deadlines for reform...
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13 July 05:06
U.S. investment bank Goldman Sachs Group Inc is likely to ask for more time to respond to the fraud lawsuit filed on April 16 by the U.S. Securities regulator, the New York Post reported, citing sources...
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13 July 05:03
Banks in Florida are requesting that U.S. federal regulators exempt them from mandatory higher capital requirements because they...
Reuters News
13 July 03:08
Britain's financial regulator unveiled new rules obliging banks to make sure all mortgage customers can afford their repayments, in a move that will outlaw self-certification loans...
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12 July 22:06
BP said it had installed a cap meant to halt the flow of oil from its ruptured Gulf of Mexico well and the Obama administration issued a new moratorium on deepwater oil drilling...
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12 July 17:45
As Congress returns from a weeklong break, Senate Democrats are just short of the votes necessary to win passage of a landmark overhaul of financial regulations...
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12 July 13:33
U.S. bank regulators would have more power to examine the largest and riskiest institutions, under a new interagency memorandum approved...
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12 July 07:00
Suspected Somali Islamists carried out two bomb attacks late on Sunday in the Ugandan capital that killed at least 64 people as they watched the World Cup final...
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12 July 06:30
Guxiang, a company that operates Google's websites in China, was included in a list of more than 200 companies that had their licenses renewed...
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12 July 01:00
Intellectual property protections have been a hot button issue in Canada as of late, and businesses are taking note of recent copyright initiatives...
Precedent Watch
11 July 14:33
Algeria announced a series of measures on Sunday that will give preferential treatment to domestic firms over foreign rivals, strengthening the energy exporter's trend towards economic nationalism...
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10 July 13:57
Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales...
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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
08 July 09:04
European supervisors shored up some confidence in the stress tests they are imposing on banks, as markets focused on finding out more detail about the process before delivering a final verdict...
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08 July 01:05
The Obama administration heads to court on Thursday with a single goal -- to reinstate a six-month moratorium on deepwater oil drilling imposed in response to the BP Plc oil spill but blocked by a federal judge...
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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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07 July 19:00
In early November, 2009, the merger-control regulator of the People’s Republic of China, the Anti-Monopoly Bureau under the Ministry of Commerce, announced…
Precedent Watch - Guest Author
07 July 16:29
The top U.S. securities regulator wants more feedback on its nearly year-old proposal to ban "flash orders," and has asked additional questions about the wisdom of the ban in the options market...
Reuters News
07 July 04:58
Australia formally launched a programme that allows companies or their products to be certified carbon-neutral in a bid to boost their corporate image and fight climate change...
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05 July 11:09
Iranian officials accused Germany, Britain and the United Arab Emirates on Monday of refusing to refuel Iranian passenger planes in response to tougher U.S. sanctions over its nuclear programme...
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05 July 01:00
Television is undergoing a virtual revolution in the UK, but it is a revolution that is leading to very real competition law issues. Regulators are picking up enforcement on…
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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02 July 08:23
Washington's refusal to let Jordan exploit its own uranium deposits to make nuclear fuel has held up nuclear cooperation talks and the two sides are a long way from any deal...
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02 July 00:30
The deceptive quiet two weeks after the revaluation of the renminbi may continue on for some time. The renminbi, China's currency, which is also known as the yuan, was recently unpegged…
Precedent Watch
01 July 08:30
The House of Representatives approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama...
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30 June 12:15
U.S. securities regulators voted to restrict a practice that has allowed money managers to make political contributions in hopes of winning business from pension funds...
Reuters News
30 June 10:00
From a legal perspective, BP's Deepwater Horizon blowout and the 1989 grounding of the Exxon Valdez are in many respects night and day...
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30 June 06:50
Egypt is likely to remain an Islamic finance laggard, hit by bad press from corruption scandals and a government keen to buttress its secular credentials and stymie Islamists ahead of elections next year...
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30 June 02:00
Fraud has gone social media, and the SEC is onto it. Pump & dump schemes have moved from the classified pages and spam e-mail to Facebook and Twitter…
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30 June 01:00
Financial services disclosure has been of particular interest since the implosion of the global financial system...
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29 June 23:15
Google has stopped automatically redirecting some search traffic from China to its Hong Kong search engine in a bid to placate angry Chinese officials, the company said Tuesday….
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29 June 15:00
Mobile phone operators in the European Union are keeping charges for roaming as high as regulations will allow them, showing that there is a need for more competition...
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29 June 12:41
Saudi Telecom Company, the Arab world's largest telecom company by market value, may buy 10 percent to 15 percent stake in a newly created GTL-Reliance Infratel tower unit...
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29 June 10:43
Google Inc said it will stop automatically rerouting users in China to an uncensored search page, a move that aims to preserve its operating license and signals a fight to save the firm's Chinese business...
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29 June 03:51
Europe's highest court backed on Tuesday an EU regulatory decision to drop an antitrust case against De Beers in return for a pledge by the diamond producer to stop buying rough gems from Russia's Alrosa...
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28 June 10:00
The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill...
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27 June 12:49
Kuwaiti telecoms firm Zain is in talks with Abu Dhabi's Emirates Telecommunications Corp (Etisalat) about selling a majority stake in the group...
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25 June 12:57
Canada's industry minister said he cleared China's Sinopec Corp to buy ConocoPhillips' stake in the Syncrude Canada Ltd oil sands project...
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25 June 02:00
AgBank’s highly anticipated IPO is turning China’s rural finances into cerebral fodder. Unique risk factors paired with newly minted legislative subsidies…
Precedent Watch
25 June 01:00
Real estate developers of Hong Kong’s roller-coaster property market may soon feel more pairs of eyes glaring at their backs and their books…
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24 June 18:27
The Australian government signalled that it was now open to renegotiating the 40 percent headline rate of its proposed mining tax, which has angered miners and worried voters...
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24 June 11:38
Privately held microblogging service Twitter has agreed to a settlement with the U.S. Federal Trade Commission over charges that it put customers privacy at risk by failing to safeguard their personal information...
Reuters News
24 June 11:30
Britain could force internet service providers such as BT, Virgin Media and TalkTalk to reveal whether they restrict access to some websites at peak times while favouring others, regulator Ofcom said...
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24 June 08:30
Titagarh Wagons said its bid to acquire a rail wagon or rolling stock manufacturing unit in France has been accepted by the court...
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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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23 June 16:54
The United Arab Emirates wants Royal Dutch Shell to step in as its partner at the $10 billion Shah gas project after U.S. major ConocoPhillips withdrew...
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23 June 01:00
Australia’s ‘super tax’ on its natural resource sector seems set to change the face of the industry, leading companies from BHP Billiton, Rio Tinto and…
Precedent Watch
22 June 13:57
U.S. prosecutors said Kuwait logistics company Agility is a fugitive from justice that has defrauded the U.S. military and does not deserve the right to bring a motion in federal court...
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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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21 June 03:00
Though the depths of the era of government bailouts may have past (at least in the U.S.), the ghosts of this aid live on, as evidenced by two separate dramas now unfolding…
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20 June 13:07
Europe will import its first solar-generated electricity from North Africa within the next five years...
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18 June 00:30
Once the World Cup frenzy dissipates, South Africa will turn its attention back to the less electrifying fields of banking and finance...
Precedent Watch
17 June 14:07
New British finance minister George Osborne announced the biggest shake-up of the regulatory landscape in 13 years on Wednesday as he pledged to give the Bank of England ultimate control over financial supervision...
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17 June 09:39
The Treasury minister said on Thursday that government projects worth 11.5 billion pounds would be cancelled or suspended, accusing the previous Labour government of taking irresponsible spending decisions...
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17 June 07:48
Switzerland's parliament backed a Swiss-U.S. tax treaty crucial to the future of UBS AG, ending months of uncertainty over the deal and paving the way for renewed recovery at the Swiss bank...
Reuters News
16 June 02:17
Indonesia's central bank said it would issue longer-dated debt and widen its overnight policy corridor in a bid to manage strong capital inflows and divert them away from the short end of the market...
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15 June 15:21
Saudi Telecom is looking to build on its international expansion with deals that will bring operational synergies and value for money...
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15 June 09:26
For several sweltering days in August 2002, thousands of Algerians queued outside Orascom Telecom's stores to buy pre-paid cards that, for the first time, made mobile phones affordable for ordinary people...
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15 June 06:15
Indonesia may provide tax incentives for sukuk issues and sharia bank deposits to better compete with Malaysia, the world's top sukuk market...
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14 June 08:13
BP said the oil spill in the Gulf of Mexico had already cost it $1.6 billion and that it would begin operating an additional mechanism to capture more crude from the leaking well in the coming days...
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14 June 02:12
Turkey's TAV Airports Holding said on Monday it prequalified for a tender for operating rights of Saudi Arabia's Medina airport with Saudi Oger Holding, Al Rajhi Holding Group and Consolidated Contracting Company...
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13 June 02:04
Egypt's Orascom Telecom is still in talks with international telecoms firms to sell some of its African assets, after negotiations with South Africa's MTN failed last week...
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11 June 04:40
Tax cuts could boost Hungary's growth and make its finances more sustainable but the government must first deliver on budget goals to regain investor confidence shaken by ill-worded comparisons with Greece...
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10 June 14:53
The U.S. Securities and Exchange Commission, which charged Goldman Sachs Group Inc with fraud in April, is investigating another mortgage-linked deal once pitched by the Wall Street firm, the Financial Times reported...
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10 June 02:00
As firms consider deleveraging strategies, consider the IRS’s latest move: The Internal Revenue Service and the Department of the Treasury have proposed new rules relating to...
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10 June 01:00
A first-of-its kind trade treaty stands to heat up the surprisingly dynamic relationship between Brazil and Israel…
Precedent Watch
09 June 14:56
Bharti Airtel will offer affordable rates in Africa to boost usage, but has no plan for a price war, a top company executive said on Wednesday, a day after the firm completed a deal to buy the African assets of Kuwait's Zain...
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09 June 05:48
Egypt's telecoms regulator will take further legal action to lower the fee Egypt's landline monopoly Telecom must pay to connect fixed-line calls to mobile phones...
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09 June 05:35
Egypt's Industrial Development Authority has given ArcelorMittal, the world's largest steel maker, an August deadline to start building work on a steel plant or lose its licence...
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08 June 16:36
Bharti Airtel has completed its $9 billion acquisition of African operations from Kuwait's Zain in a deal that makes the Indian firm the world's fifth biggest cellphone company by subscribers...
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08 June 06:04
The first shot to be fired at Europe's 21st century army plane came not from the barrel of a gun but a safety inspector's clipboard. In 2008, weeks after the first A400M troop transporter rolled off a...
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07 June 23:10
Costs for upstream oil projects are likely to rise after the BP Gulf oil spill, a senior executive at Malaysia's national energy firm Petronas said on Tuesday...
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07 June 13:44
Abu Dhabi's Etisalat is looking at a deal with Reliance Communications as it mulls its options in India, while media reports named U.S. telecoms giant AT&T as another potential investor in India's No. 2 mobile player...
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07 June 10:48
The Canadian government will release a consultation paper shortly that will outline ways to increase foreign investment in the country's telecom sector, Industry Minister Tony Clement said on Monday...
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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…
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03 June 13:32
Algeria's government cannot give a timetable for resolving a dispute over Orascom Telecom's Algerian unit Djezzy...
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03 June 10:53
Malaysian lender Affin Holdings has become a stumbling block in billionaire Quek Leng Chan's $1.6 billion plan to create the country's fourth-largest banking group...
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03 June 09:33
Egypt's Orascom Telecom is in talks to sell some of its assets to South Africa's MTN and has said it will negotiate to sell its lucrative Djezzy unit to Algeria's government...
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03 June 04:36
The head of Britain's biggest union said tougher anti-union laws are certain under Britain's new government and will trigger confrontation with workers already angered by proposed spending cuts...
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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 10:10
Abu Dhabi's Etisalat could decide within weeks whether to take a stake in an Indian telecoms operator...
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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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02 June 02:15
Telecom Egypt has the right of first refusal to buy Vodafone's stake in its Egyptian unit if the British mobile operator decided to sell...
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01 June 12:49
Telecom Egypt ended talks to increase its 45 percent stake in Vodafone's Egypt unit without a sale, the two companies said on Tuesday, narrowing the Egyptian landline monopoly's mobile prospects...
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28 May 04:00
The SEC finally approved a new rule to enhance disclosure regulations surrounding municipal securities. Muni-bond issuers had grown used to a lighter regulatory touch, but…
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26 May 04:00
Regulatory aftershocks from the “flash crash” are becoming more significant than the crash itself. The CFTC and SEC have already joined forces to...
Precedent Watch
25 May 02:00
Leveraging an ambitious national R&D initiative, Protolix BioTherapeutics, Inc., announced receipt of $4.1 million in government grants from Israel’s Office of Chief Scientist...
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24 May 08:03
Global miner Rio Tinto said it is reviewing all investments in Australia due to a proposed new tax, describing the country as its No.1 sovereign risk concern and sending a weak Australian dollar even lower...
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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
20 May 08:00
Daimler’s delisting is the latest sign of German companies abandoning U.S. capital markets, opting instead to list solely in Frankfurt, re-fortified…
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20 May 04:00
Israel’s high tech defense and avionics systems manufacturer Elbit Systems Ltd. announced earlier this week that it will issue a shelf prospectus valid for two years, thus allowing…
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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
13 May 00:30
Legal controversies over gambling table licenses and casino expansion are brewing in Macau, amidst rumors that the government is under pressure from Beijing to diversify its economy…
Precedent Watch
12 May 10:00
In 2008, AIG was floundering close to collapse and threatening to take the entire U.S. economy with it. The Federal Reserve stepped in and…
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12 May 06:00
While attention is focused on the lingering cracks between the NYSE and new, electronic trading venues, it is notable that the NYSE is looking to eliminate one big governance gap…
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11 May 08:00
Hong Kong’s stock exchange beckons with an equity market “siren song”, a song that is being heard by a growing number of foreign firms, from Asia and beyond. The debut this week of France’s L’Occitane…
Precedent Watch
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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05 May 08:00
Amidst the credit crisis and aftermath, some small caps have had to paddle triply hard to restructure and survive. From the financing double whammy of cut off credit lines and…
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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
30 April 04:00
The bell may have tolled for final salary schemes in the UK, as Aviva, the world’s fifth-largest insurance group, announces that it is to close its final salary pension…
Precedent Watch
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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29 April 04:00
The Paris Court of Appeal has passed judgment on the sinking of the Erika, a Maltese registered tanker that broke in two, 70 kilometres from the cost of Brittany during December 1999…
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28 April 02:00
If the telecom industry in the Middle East and North Africa is hot, the competition is positively sizzling. Players are turning over every rock to find a new patch of sand unserved or underserved by existing infrastructure…
Precedent Watch
27 April 06:00
China’s new regulations on foreign investment reaffirm openness to overseas companies amidst an atmosphere of bribery scandals, internet company exodus and accounts of hostility towards foreign companies…
Precedent Watch
23 April 06:00
Healthcare reform may be controversial in some corners, but healthcare technology companies are positively glowing with praise for reform and the opportunities it creates. Google, IBM, and Oracle have all been...
Precedent Watch
23 April 01:00
A long line of e-retailers is forming, comprised of companies which are taking advantage of a neat little tax dodge that allows them to offer products over the internet at tax free prices to UK customers. Online grocer Tesco is just the latest…
Precedent Watch
21 April 02:00
The SEC recently announced a proposal for rules related to asset-backed securities. In a 5-0 vote, the Commission…
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19 April 15:00
The SEC recently announced it is proposing new rules for asset-backed securities. In a 5-0 vote, the Commission proposed that firms trading in asset-backed securities be required to…
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15 April 04:00
Reining in loose loan grants is fast becoming the China Banking Regulatory Commission’s biggest headache. Regulatory measures to tighten credit have been accompanied by…
Precedent Watch
13 April 06:00
The UK government has proposed to liberalise the tax treatment of controlled foreign companies in an attempt to stem the flow of companies moving offshore for tax purposes. This comes in reaction to a burst in recent years of…
Precedent Watch
08 April 01:00
The SEC, once inundated by requests from companies seeking to officially cease obligations under reporting requirements, has attempted through Staff Legal Bulletin No. 18 (SLB 18) to cut down on No Act requests...
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06 April 08:00
Islamic finance vaulted still further into the 21st century with the March launch of Sharia-compliant derivatives standards. Promulgated by the IIFM and ISDA, the product of this collaboration should…
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31 March 06:00
Glacial movement in the private equity sphere of Islamic finance could finally be showing signs of a thaw. After a dormant 2009, several recently announced Sharia-compliant funds suggest PE is finally moving again...
Precedent Watch
31 March 02:00
Much has been said about the prosecution and trial of four employees of British-Australian mining company Rio Tinto Ltd. Yet, questions surrounding what laws were used in reaching the guilty verdicts have remained unaddressed…
Precedent Watch
26 March 10:00
The long arm of U.S. regulatory enforcement muscle has struck yet again, this time cracking down on corrupt business practices associated with operations in Iraq and Indonesia. Fuel additives manufacturer Innospec has reached a settlement with the SEC, DOJ and Treasury over…
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25 March 06:00
The FDIC reported another round of bank closings late last week that included one of the largest issuers of credit cards for small businesses, Advanta Bank Corp of Draper, Utah…
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25 March 05:00
With an aging population and portfolios damaged by the economic turmoil of the past few years, pensions are a sore point these days. In Canada, the issue has received special attention in part because of several recent high-profile restructurings…
Precedent Watch
15 March 02:00
Most experts agree that Islamic finance faces not only a bright future, but a special set of challenges. Expansion has come quickly for the industry, but not without its own set of growing pains…
Precedent Watch
11 March 06:00
New technologies have resulted in a blurring of the lines between various forms of media, with television, print, and many other forms sprouting in non-traditional ways. Against this backdrop of changing parameters, the Canadian media industry faces challenges…
Precedent Watch
10 March 06:00
The foundations of Islamic finance may be trembling by dint of the controversial reasoning in a recent English court decision. Some Shariah-based contracts may now be interpreted in a manner that now places them under a cloud of doubt...
Precedent Watch
08 March 06:00
A spotlight was shined on the lack of transparency, standardization, and disclosure of credit default swaps and other OTC derivatives in the depths of the credit crisis. Now some regulators are searching for solutions...
More Precedent
05 March 07:30
After last year’s global financial services crisis, the PRC government has been hard at work to prevent a doomsday scenario from occurring. The China Banking Regulatory Commission (CBRC) in particular is faced with oxymoronic challenges…
Precedent Watch
01 March 05:00
Despite the potential size of the domestic television watching market, media content remains one of the most controlled sectors in China’s economy. Many point to incidents such as the banning of Facebook…
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01 March 04:00
The Financial Services Authority (FSA) has been flexing its regulatory muscle, even while its standard-bearer, Hector Sants, is retiring. Recent moves include record fines and criminal proceedings…
Precedent Watch
28 February 12:00
Saudi Arabia's regulator has fined the country's biggest Islamic bank, al-Rajhi, for not notifying it about the resignation of two senior executives…
Precedent Watch
26 February 10:00
Beware of Greeks bearing securities...and I-bankers bearing swaps bear a second look, too. While Greece has been the focus of swap-centered financial engineering that resulted in the obfuscation of its fiscal problems, it is not alone…
Precedent Watch
22 February 10:00
As worries over Greece rattle world markets, off balance sheet derivatives transactions are back in the lime light. Greece is accused of acting like Andrew Fastow of Enron fame…
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18 February 04:00
The Securities and Exchange Commission is cracking down on insider trading, inadequate disclosures, and abusive short selling. From subprime securities to Madoff…
Precedent Watch
10 February 11:00
In an unusual move amid increased corporate oversight and executive compensation scrutiny, the SEC will not proceed further against executive officers of semiconductor manufacturer Broadcom for...
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04 February 11:00
The Federal Reserve earlier this week launched a website designed, essentially, to teach bank directors how to be a director...
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29 January 11:00
The Securities and Exchange Commission is continuing its crackdown on stock market manipulation and abusive shorting. Two hedge funds were recently charge with…
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29 January 04:00
SEC staff reviews may be a normal course of exchange for public filers, but companies occasionally find themselves aggressively defending their practices. Recently released SEC staff correspondence letters reveal that Southwest Airlines…
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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 07:00
It’s proxy season and change is in the air, especially for directors now forced to defend their authority. The Securities and Exchange Commission adopted final rules on December 16, 2009 to expand corporate governance and…
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
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)…
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14 January 10:00
A Customer Identification Program (CIP) Rule enforcement exemption was continued with the SEC’s Division of Trading and Markets granting of no-action relief earlier this week...
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14 January 06:00
UK national newspapers are facing increased competition from free news and online news services which are pushing the traditional newspaper business model to breaking point. Many of these shifts are reflected in recent industry disclosures…
Precedent Watch
12 January 12:00
As Brazil’s economy pops, so do its deals – but it’s less common to see the actual deal documents pop into the public sphere. Thus, innovator TIM Participacoes SA,…
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07 January 12:00
The SEC has voiced concerns over legal opinions issued in the context of an S-3 registration. Merge Healthcare, a Milwaukee-based healthcare computer systems company…
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06 January 15:00
After a year of beefing up its enforcement muscle, the SEC is bringing some charges full circle. Earlier this week, the regulator settled insider trading charges centering around Dell Inc’s acquisition announcement of Perot Systems...
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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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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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23 December 14:00
The SEC charged Kurt B. Barton and Triton Financial, which co-sponsors the Heisman Trophy Trust, of offering fraud...
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21 December 10:00
Spongetech Delivery Systems Inc entered into a settlement agreement and release with Sponge Tech Inc, Spongeables LLC...
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18 December 07:00
Mergers are set to get tougher, oddly, even while acquisitiveness and financing markets seem to be picking up. Blame the merger review process, with over 100 national merger review boards, each with its own rules and processes…
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
17 December 08:00
In a landscape-shaking move, last week Chicago Board Options Exchange received the official go ahead to form a second national exchange from the Securities and Exchange Commission...
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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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14 December 06:00
In this era of conservative consumer spending and increased competition, advertising has become a hot topic in the business and legal communities, playing out of late in the Canadian court system. Imagine, after all, a world in which products were marketed as …
Precedent Watch
10 December 16:00
The FDIC arranged the 130th failed bank asset sale of the year last week. This latest round of bank closures consisted of...
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10 December 09:00
The Treasury Department announced earlier this week that it would sell its JPMorgan Chase & Co. warrants in a public Dutch auction on Thursday. The warrants were acquired by the...
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10 December 07:00
The Securities and Exchange Commission is continuing to pursue players who may have contributed to the housing industry avalanche. This week, the Commission charged defunct Brookstreet Securities Corp. and its former CEO, Stanley C. Brooks, with...
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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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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
01 December 09:00
Getting the SEC regulation that many feel they have earned, the Credit Ratings Agencies now face a second, Proposed Rule, creating new compliance requirements and seeking to separate ratings of...
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25 November 15:00
Credit Ratings Agencies (CRAs) are now getting the regulation many feel they deserve, courtesy of two recent SEC rules releases – one a final rule, the other one proposed, for comments…
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24 November 15:00
The IRS on Monday released a new revenue procedure concerning net operating loss (NOL) carry back. The Worker, Homeownership and Business Assistance Act of 2009, when passed...
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19 November 08:00
FINRA has proposed to amend its trade reporting rules. The amendments affect over-the-counter (OTC) trades, by reducing the reporting requirement from 90 seconds to 30...
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19 November 08:00
After months of discussion, the SEC has finally taken official aim at so called “dark pools”. A set of recently proposed rules will limit the exemptions in which that dark pools currently operate...
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18 November 15:00
London based Lloyds Banking Group, Plc petitioned the SEC by way of No-Action letter earlier this month to be exempt from rule 102 of Regulation M…
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17 November 06:00
Carbon assets and related trading are big issues for businesses of all sorts. Realizing this, Markit, the Montreal Climate Exchange, and the NYSE Euronext have taken early strong positions in the carbon marketplace…
Precedent Watch
16 November 05:30
The Canadian Radio-Television Telecommunications Commission’s (CRTC) decisions often fail to attract high profile attention, yet those decisions, particularly those relating to foreign ownership restrictions, can have a major impact on the telecom industry. The CRTC's influence on competition, for example, was illustrated by…
Precedent Watch
11 November 06:00
Disclosure of non-public information is getting a lot of attention lately, as corporate America remains in the hot seat over its disclosure practices. The SEC is casting a wide net and is ensnaring employees and officers at…
Precedent Watch
09 November 06:00
Investment Canada has become a topic of much interest over the past year. Long viewed as a fairly docile regulator, its quiet ways appear to be coming to an end…
Precedent Watch
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
04 November 15:15
J.P. Morgan Securities Inc will pay $75 million to settle charges in an unlawful payment scheme in the sewer financing of Jefferson County, Alabama…
Reuters News
03 November 15:00
On Oct. 27, the SEC adopted an updated EDGAR filing manual that included two new form types. Filers may now submit the withdrawal of application for exemptive or other relief from…
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29 October 15:00
In the latest bank recapitalization, West Coast Bancorp has entered into investment agreements to raise $155 million from 20 separate investors. This move follows a cease…
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29 October 12:00
Goldman Sachs waded deeper into Dark Pool discussions with the SEC and even suggested certain regulatory approaches...
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09 September 01:46
(Reuters) Goldman Sachs has been fined 20 million pounds ($30.9 million) by the UK's financial regulator for failing to disclose it was under fraud investigation by its U.S. counterpart, the BBC reported on Wednesday.
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08 September 05:00
The Dodd-Frank Wall Street Reform and Consumer Protection Act gives the Securities and Exchange Commission many complex and time-sensitive responsibilities but...
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07 September 14:13
U.S. regulators are probing certain practices around "quote stuffing," where large numbers of rapid-fire stock orders are placed and canceled almost immediately SEC Chairman Mary Schapiro said...
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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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07 September 03:11
The Office of Fair Trade will investigate the aggregates industry to assess whether the tax payer is getting a fair deal from suppliers of sand, gravel and broken rocks to road and house builders...
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06 September 22:00
Addressing a central complaint of foreign businesses, Vice President Xi Jinping said that China will treat overseas suppliers fairly when they bid for public procurement contracts...
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06 September 11:06
The U.S. Food and Drug Administration has warned beverage makers Dr Pepper Snapple Group Inc and Unilever for making improper statements regarding green tea on product labels and web sites...
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06 September 03:33
France Telecom kept its financial goals, after an arbitration tribunal fined its Polish unit 396 million euros ($531.3 million), and said the unit was considering whether to appeal...
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03 September 02:00
Dodd-Frank's near disdain for credit ratings agencies has created new confusion, this time around in the money market...
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02 September 11:05
Financial advisers to states, cities, school districts and other issuers in the U.S. municipal bond market must register with the Securities and Exchange Commission...
Reuters News
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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01 September 10:42
A federal judge approved the creation of a $150 million fund for Bank of America Corp shareholders as part of a settlement with the Securities and Exchange Commission over the bank's 2009 acquisition of Merrill Lynch...
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31 August 21:12
China Strategic Holdings Ltd said that it was disappointed by a decision by Taiwan regulators to block American International group Inc's (AIG) planned $2.2 billion sale of Taiwan unit...
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31 August 17:00
In Anwar v. Fairfield Greenwich Limited, 1:09-cv-00118 (VM) (THK), Judge Victor Marrero of the Southern District of New York adopted a novel view of the effect of...
Precedent Watch - Guest Author
31 August 11:00
Proposed new U.S. regulations could cost mutual fund companies hundreds of millions of dollars in distribution fees they split with partners...
Reuters News
30 August 18:05
President Barack Obama broadened U.S. financial sanctions on North Korea, freezing the U.S. assets of eight North Korean companies or agencies and four individual citizens...
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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 14:01
The U.S. government proposed to fine American Airlines $24.2 million for alleged maintenance violations that led to thousands of flight cancellations two years ago...
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26 August 07:11
The Federal Reserve has begun taking the first steps to crack down on debit-card transaction fees, with the battle between merchants and banks moving from the legislative to the regulatory arena...
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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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25 August 13:30
Shareholders won more power on Wednesday to shake up corporate boards in the United States after the financial crisis exposed weaknesses in how companies were managed...
Reuters News
25 August 01:20
Shareholders may soon get more power to shake up corporate boardrooms in the U.S. after the financial crisis exposed glaring weaknesses in how companies were managed...
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24 August 00:30
Dodd-Frank has struck again. First, changes to credit ratings agency liability standards agitated the debt markets, and now swaps are the target. In a recent call for public comment, the SEC and CFTC have requested…
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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
23 August 11:47
A man accused with his girlfriend of operating a "brazen" insider trading scheme involving Walt Disney Co stock pleaded guilty to conspiracy and fraud...
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23 August 10:09
Bailed-out insurer American International Group Inc said it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far...
Reuters News
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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20 August 01:00
Money flowing out of China in the form of outbound investment has been popping up in record amounts in the form of international listings, overseas acquisitions and…
Precedent Watch
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 00:30
While Canada is a long, long way from matching the U.S. when it comes to securities class action claims, 2010 is proving to be a pivotal year in the development of such litigation...
Precedent Watch
18 August 18:00
Securities regulators will meet on August 25 to consider giving shareholders more power to nominate company directors...
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18 August 15:39
Och-Ziff Capital Management Group was a subject of a regulatory probe surrounding Lehman Brothers' 2008 collapse but the investigation went "nowhere," a lawyer for the fund company said...
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18 August 15:30
Bank of America Merrill Lynch will pay $2.5 million in restitution and fines after it failed to provide discounts to customers on a type of securities sale, the brokerage industry's primary regulator said...
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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 02:00
The SEC is continuing its regulatory makeover of the municipal bond or “muni” market. The Commission has approved...
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18 August 00:05
State banking regulators are preparing to introduce new standards and propose changes to their laws and rules even before federal prudential regulators begin the...
Precedent Watch
17 August 15:45
The U.S. Securities and Exchange Commission is conducting a formal investigation into possible insider trading by certain past and current officers and...
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17 August 11:00
The U.S. Commodity Futures Trading Commission said it has formally withdrawn its proposed rule on energy position limits as it prepares to issue broader curbs on...
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17 August 02:57
News that Hulu is talking to investment banks about an IPO that could value it at more than $2 billion is a mouth-watering prospect for bankers. After all, the last huge, true Hollywood public offering was...
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17 August 02:26
India, which has threatened to block some BlackBerry services over security worries, has formally asked mobile operators to ensure a monitoring system for the smartphone's services by August 31...
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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 13:29
Barclays Bank Plc has agreed to pay nearly $300 million to settle criminal charges that it violated U.S. sanctions in dealings with Cuba, Iran, Libya, Sudan and Myanmar...
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16 August 12:05
The Federal Reserve published new rules aimed at protecting consumers from abusive mortgage practices, including clearer cost disclosures and a ban on payments to mortgage brokers for...
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16 August 08:00
The European Commission unveiled proposals for a change to EU rules governing financial conglomerates, saying it wanted national supervisors to have more oversight of...
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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
13 August 18:30
Six U.S. Democratic Senators have asked the head of the U.S. Securities and Exchange Commission to require more disclosure about the trillions of dollars worth of...
Reuters News
12 August 16:30
Bank regulators pledged an "open door" policy for carrying out financial reform, also saying they will inform the public of meetings between senior officials and private sector individuals...
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12 August 02:22
India may temporarily shut down BlackBerry services if security concerns are not addressed in a meeting on Thursday, sources said, a sign the Canadian firm's tussle with authorities around the world is far from over...
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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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11 August 00:30
FSA enforcement efforts have uncovered the sale of ridiculously complex financial products sold to unsuitable consumers, a morbid mis-selling of life insurance pools that…
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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09 August 08:43
U.S. and British regulators are investigating the timing of Goldman Sachs Group Inc's disclosure to them that the bank was the subject of a federal civil fraud probe...
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09 August 02:18
Kuwait has no intention of stopping BlackBerry services for the time being but is talking to the device's manufacturer about moral and security concerns...
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08 August 20:56
Australia's competition regulator agreed to consult the market on National Australia Bank's proposals to salvage its $12 billion takeover of AXA Asia Pacific, giving it a glimmer of hope the deal would eventually succeed...
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07 August 22:24
The Saudi telecom regulator told the kingdom's telecom operators on Saturday to test a proposed fix to the perceived national security threat posed by certain services available on Research In Motion's BlackBerry smartphones...
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06 August 05:19
The Financial Services Authority (FSA) has launched a probe into sales of a bond fund by Royal Bank of Scotland's private banking arm Coutts, which counts the Queen among its clients...
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05 August 01:00
The makers of the BlackBerry smartphone held last-ditch talks with Saudi Arabia to avert a threatened cut-off of a key service, while India took a tough line with the Canadian company...
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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 22:10
China's banking regulator has instructed lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday...
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04 August 12:30
U.S. securities regulators charged a former business director and third-party agent for Innospec Inc with bribing Iraqi officials in the United Nations' Oil for Food program...
Reuters News
04 August 12:05
The Central Bank of Bahrain has issued a second consultation paper proposing extensive changes to its liquidity risk management regulations for conventional banks...
Precedent Watch
04 August 12:00
The Hong Kong Securities and Futures Commission's recent update on the deterioration of standards in listing applications has led some in the industry to call for...
Precedent Watch
04 August 08:59
American authorities are investigating the U.S. division of global banking group HSBC over its compliance with anti-money laundering procedures, according to a regulatory filing...
Reuters News
04 August 02:10
Saudi Arabia on Tuesday ordered at least one Research In Motion's BlackBerry smartphone service to be blocked as of Friday, becoming the latest government to threaten to curb the device on security grounds...
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04 August 01:00
India's security establishment has taken a hard-line view on Research In Motion's stance that it does not possess a "master key" to intercept data traffic on BlackBerry and...
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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
03 August 02:18
Orascom Telecom's Algerian unit has been blocked from importing new mobile phone equipment due to an ongoing dispute with the Algerian government...
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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 01:12
Research in Motion has agreed to allow Indian security agencies to monitor its BlackBerry services, The Economic Times newspaper reported, after pressure from governments worried about national security...
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03 August 01:00
RBS agrees settlement with Financial Services Authority in relation to breaches of the Money Laundering Regulations 2007...
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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 12:48
Connecticut Attorney General Richard Blumenthal is investigating deals struck by Amazon.com Inc and Apple Inc to offer low prices on electronic books...
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02 August 03:00
The FSA’s enforcement abilities just took a big step forward, having received judicial confirmation of the widest possible remit in its prosecution powers…
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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
02 August 00:55
Saudi Arabia's telecoms regulator has ordered local operators to freeze the Messenger function for BlackBerry users this month...
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01 August 02:53
The United Arab Emirates will suspend use of Blackberry services in October, citing concerns about security risks...
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29 July 19:52
The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies...
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29 July 17:00
Bank regulators have issued a final rule that would require mortgage loan originators to register with a national registry of mortgage loan originators as part of...
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29 July 15:26
Citigroup Inc will pay $75 million to settle charges that it failed to disclose to investors $40 billion in subprime exposure in 2007, the Securities and Exchange Commission said...
Reuters News
29 July 11:03
China's Ministry of Commerce has approved a plan by the parent of Geely Automobile to acquire Ford's Volvo unit, the official Xinhua news agency said...
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28 July 07:35
Several U.S. government agencies are preparing a criminal probe of at least three companies involved in the massive oil spill in the Gulf of Mexico, though it could take more than a...
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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
27 July 18:00
The Australian corporate regulator's latest foray into the area of disclosure has highlighted a growing tension within the financial services sector between the Corporations Act and the push for shorter...
Precedent Watch
27 July 15:00
The SEC announced that it has reached a settlement agreement with Sunrise Senior Living and two former officers over charges of financial reporting fraud...
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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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27 July 12:59
General Electric Co will pay $23.4 million to settle charges that executives bribed Iraqi government officials to win contracts, the U.S. Securities and Exchange Commission said...
Reuters News
27 July 12:58
BP Plc said the U.S. markets regulator Securities and Exchange Commission and the Justice Department had launched a probe into market trading connected to the oil giant's Gulf of Mexico oil spill...
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27 July 12:29
U.S. housing data boosts global stocks...
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27 July 11:45
Investors are alleging more losses than ever before when they sue companies for securities fraud, though the pace of such lawsuits seeking class-action lawsuits has...
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27 July 07:50
) The new laws are part of the west's latest attempt to pressure Tehran to drop its nuclear enrichment program, limit financial transfers and ban deals with the...
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27 July 06:00
The former finance director of Northern Rock, the British bank which nearly collapsed during the credit crisis and had to be nationalised, received a hefty fine for mis-reporting mortgage arrears figures...
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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 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 14:00
A potential multibillion-dollar judgment against Vivendi SA for misleading shareholders hung in the balance as a Manhattan judge weighed whether a...
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26 July 13:37
The U.S. Securities and Exchange Commission said Goldman Sachs Group Inc will be allowed to continue to issue securities after settling civil fraud charges earlier this month...
Reuters News
26 July 12:40
Qatar Telecom faces an unspecified fine and possible further legal action over violations during its launch of Virgin Mobile services into the Gulf state...
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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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23 July 03:30
President Obama's sprint to sign the financial reform bill may be over, but the massive regulator marathon has only just begun. From the CFTC to the FSOC…
Precedent Watch
22 July 16:45
Dell Inc said it has agreed to a $100 million settlement with the U.S. Securities and Exchange Commission following an...
Reuters News
22 July 12:30
The U.S. Commodity Futures Trading Commission said it will provide more information on positions held by large traders in financial futures markets, part of its push to boost transparency...
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22 July 10:44
New York has filed two lawsuits over Bank of America Corp's takeover of Merrill Lynch & Co and Merrill's subprime mortgage exposure, believing it can recover more by suing on its own than...
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21 July 23:10
U.S. lawmakers called for tough new measures to punish China for its failure to stop widespread piracy and counterfeiting of U.S. goods ranging from music CDs to manufactured products…
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21 July 16:30
U.S. securities regulators said they will propose a cap on mutual fund marketing fees, a move that could reduce costs for investors and put a dent in brokerage and...
Reuters News
21 July 12:35
Algeria is considering tightening its rules on how the price is set when the state buys a foreign-owned firm, a step which could cost Egypt's Orascom Telecom billions of dollars...
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21 July 12:25
President Barack Obama signed into law the most comprehensive financial regulatory overhaul since the Great Depression and vowed there will be no more taxpayer-funded bailouts for Wall Street...
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21 July 03:00
Goldman might have settled with the SEC, but disclosure norms for synthetic CDOs are far from settled. The SEC’s $550 million settlement and consent with Goldman Sachs is trailblazing in more ways than one…
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20 July 13:45
The Securities and Exchange Commission is in the midst of more probes stemming from the financial crisis, its chairman said, a week after Goldman Sachs settled fraud charges for...
Reuters News
20 July 07:29
Goldman Sachs executive Fabrice Tourre denied fraud and other accusations by U.S. regulators for his role in marketing a subprime mortgage product and asked a court to dismiss the case...
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19 July 13:24
The top U.S. securities regulator will need to add about 800 new positions to carry out its part of the massive financial reform legislation, the head of the agency said in testimony to be delivered...
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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
16 July 16:00
Canada proposed new regulations for credit rating agencies to boost investor confidence and prevent conflicts of interest that critics say may have contributed to the global credit crisis...
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16 July 14:40
The Securities and Exchange Commission said it created three expert units to focus on big financial companies, complex securities and securities offerings...
Reuters News
16 July 13:00
U.S. banks, which scrambled to raise billions of dollars in capital last year in the aftermath of the financial crisis, may not be done yet...
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16 July 08:00
Goldman Sachs Group Inc agreed to pay $550 million (356 million pounds) to settle civil fraud charges over how it marketed a subprime mortgage product...
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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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16 July 02:30
A recently enacted tax disclosure law from China is threatening to take the world by storm, even shaking public markets in the U.S., Hong Kong, Canada and Bermuda…
Precedent Watch
15 July 18:00
The SEC and Goldman Sachs have reached a record $500 million settlement of charges related to insufficient and misleading disclosure. In the case of SEC v. Goldman Sachs and Fabrice Tourre, the Commission charged Goldman with...
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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 00:00
Pirate attacks globally declined by nearly a fifth in the first half of 2010 from the same period last year due to a strong naval presence in the Gulf of Aden…
Precedent Watch
13 July 17:00
Canada's proposed national securities regulator would have a strong presence in all corners of the country, according to a blueprint released that also set new deadlines for reform...
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13 July 12:23
Planned global rules that will force banks to top up their capital and curb risk to avert a repeat of the financial crisis could choke growth and raise costs for consumers...
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13 July 05:06
U.S. investment bank Goldman Sachs Group Inc is likely to ask for more time to respond to the fraud lawsuit filed on April 16 by the U.S. Securities regulator, the New York Post reported, citing sources...
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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 01:05
The Obama administration heads to court on Thursday with a single goal -- to reinstate a six-month moratorium on deepwater oil drilling imposed in response to the BP Plc oil spill but blocked by a federal judge...
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08 July 01:00
In a recent insider trading decision, a U.S. federal court in Manhattan ruled against the SEC in its first ever insider trading case involving credit default swaps or CDS…
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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
01 July 05:10
EU antitrust regulators were justified in fining Anglo-Swedish drugmaker AstraZeneca five years ago for blocking cheaper generic medicines coming to the market, a European Union court said...
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07 September 14:13
U.S. regulators are probing certain practices around "quote stuffing," where large numbers of rapid-fire stock orders are placed and canceled almost immediately SEC Chairman Mary Schapiro said...
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07 September 06:32
American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion...
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06 September 22:00
Addressing a central complaint of foreign businesses, Vice President Xi Jinping said that China will treat overseas suppliers fairly when they bid for public procurement contracts...
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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 14:30
Algeria's government unveiled a series of measures which appear to confirm the energy exporter's shift towards greater economic nationalism...
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05 September 21:46
China plans to relax rules to allow smaller fund houses to launch overseas investment products, the Securities Times reported on Monday, citing an unnamed source...
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05 September 20:45
China will allow insurers to broaden investment channels into private equity and real estate, a move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector...
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02 September 12:55
U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second...
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02 September 12:00
The Federal Deposit Insurance Corp is not entitled to $900 million it demanded from the parent company of the failed Colonial Bank...
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02 September 11:05
Financial advisers to states, cities, school districts and other issuers in the U.S. municipal bond market must register with the Securities and Exchange Commission...
Reuters News
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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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 21:12
China Strategic Holdings Ltd said that it was disappointed by a decision by Taiwan regulators to block American International group Inc's (AIG) planned $2.2 billion sale of Taiwan unit...
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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
25 August 13:30
Shareholders won more power on Wednesday to shake up corporate boards in the United States after the financial crisis exposed weaknesses in how companies were managed...
Reuters News
25 August 01:20
Shareholders may soon get more power to shake up corporate boardrooms in the U.S. after the financial crisis exposed glaring weaknesses in how companies were managed...
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22 August 09:47
Royal Dutch Shell<RDSa.L> and German chemicals maker BASF<BASF.DE> plan to appeal a first instance Brazilian court ruling on health injuries related to pollution at a former pesticide plant...
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20 August 01:00
Money flowing out of China in the form of outbound investment has been popping up in record amounts in the form of international listings, overseas acquisitions and…
Precedent Watch
19 August 00:05
An FDA grant of “orphan drug” status could help bring an experimental cancer drug to market for Israel’s BioCancell Therapeutics…
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18 August 18:00
Securities regulators will meet on August 25 to consider giving shareholders more power to nominate company directors...
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18 August 02:00
The SEC is continuing its regulatory makeover of the municipal bond or “muni” market. The Commission has approved...
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18 August 00:05
State banking regulators are preparing to introduce new standards and propose changes to their laws and rules even before federal prudential regulators begin the...
Precedent Watch
17 August 11:00
The U.S. Commodity Futures Trading Commission said it has formally withdrawn its proposed rule on energy position limits as it prepares to issue broader curbs on...
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17 August 02:57
News that Hulu is talking to investment banks about an IPO that could value it at more than $2 billion is a mouth-watering prospect for bankers. After all, the last huge, true Hollywood public offering was...
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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 12:05
The Federal Reserve published new rules aimed at protecting consumers from abusive mortgage practices, including clearer cost disclosures and a ban on payments to mortgage brokers for...
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16 August 08:00
The European Commission unveiled proposals for a change to EU rules governing financial conglomerates, saying it wanted national supervisors to have more oversight of...
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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
13 August 18:30
Six U.S. Democratic Senators have asked the head of the U.S. Securities and Exchange Commission to require more disclosure about the trillions of dollars worth of...
Reuters News
11 August 18:02
U.S. securities regulators said they are working on technical fixes for the still-unexplained May "flash crash," but some market players say they want a wholesale review of high-speed trading...
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10 August 18:02
The U.S. Commerce Department is analyzing a court ruling that strikes at its ability to simultaneously apply two sets of import duties on goods from China, a department official said...
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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 13:45
Swiss drugmaker Novartis received approval from European Union regulators to buy a stake in Alcon, making it easier for it to take full control of...
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06 August 02:00
The delisting of Hutchison Telecommunications, which has been in the works since early 2010, recently drew attention from New York securities regulators, who honed in on…
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04 August 22:10
China's banking regulator has instructed lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday...
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04 August 12:05
The Central Bank of Bahrain has issued a second consultation paper proposing extensive changes to its liquidity risk management regulations for conventional banks...
Precedent Watch
03 August 07:15
Federal Reserve officials will consider a modest but symbolically important change in the management of its massive securities portfolio when they meet next week...
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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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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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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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20 July 11:22
Banks worldwide need to strengthen their balance sheets to stabilize the financial system, senior U.S. regulators said...
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19 July 13:24
The top U.S. securities regulator will need to add about 800 new positions to carry out its part of the massive financial reform legislation, the head of the agency said in testimony to be delivered...
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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
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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16 July 01:00
In a recent no action request, the SEC confirmed the registration exempt status of senior certificates issued by a mortgage trust established by the FDIC…
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13 July 03:08
Britain's financial regulator unveiled new rules obliging banks to make sure all mortgage customers can afford their repayments, in a move that will outlaw self-certification loans...
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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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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
05 September 00:05
The U.S. is even more of a global capital market than many realize. Not only do foreign companies list on U.S. exchanges but scratch beneath the surface and even ostensibly American companies may be...
Precedent Watch
03 September 08:54
Brazilian state oil company Petrobras filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan...
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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
30 August 19:45
Hewlett-Packard Co has agreed to pay $55 million to settle kickback allegations related to federal government contracts, the U.S. Justice Department said...
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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
27 August 01:00
Strategic concerns for companies planning IPOs might have taken an unexpected twist recently, with the technological capacity of trading exchanges now driving (and preventing) some IPO activity...
Precedent Watch
27 August 00:30
Going-private might seem like a life of luxury for a company, allowing it to leave behind worries surrounding public share prices or reporting requirements. But getting there can be a hair-raising legal journey…
Precedent Watch
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 02:21
Oman's Nawras, a subsidiary of Qatar Telecom is looking to raise up to 400 million rials ($1.04 billion) from its initial public offering...
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25 August 16:03
Blackstone Group LP urged a federal appeals court not to revive an investor lawsuit accusing it of hiding bad investments before raising $4.7 billion in its 2007 initial public offering...
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25 August 15:25
Niche Dutch luxury cars maker Spyker Cars, which bought Sweden's Saab from General Motors Co earlier this year, has informed stock exchange NYSE Euronext that it has more liabilities than assets...
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24 August 00:30
Dodd-Frank has struck again. First, changes to credit ratings agency liability standards agitated the debt markets, and now swaps are the target. In a recent call for public comment, the SEC and CFTC have requested…
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23 August 11:47
A man accused with his girlfriend of operating a "brazen" insider trading scheme involving Walt Disney Co stock pleaded guilty to conspiracy and fraud...
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23 August 10:19
U.S. stocks rebounded from a two-week string of losses in the Dow and S&P as a bidding war involving HP and Dell, along with other acquisition deals...
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23 August 10:09
Bailed-out insurer American International Group Inc said it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far...
Reuters News
23 August 01:30
With Canadian securities regulators seemingly sitting on opposite sides of the fence regarding the use of shareholder rights plans, new pills have been introduced by several high-profile Canadian public issuers…
Precedent Watch
19 August 00:30
While Canada is a long, long way from matching the U.S. when it comes to securities class action claims, 2010 is proving to be a pivotal year in the development of such litigation...
Precedent Watch
16 August 16:31
General Motors Co has completed the paperwork for an initial public offering and timing of its filing with the U.S. securities regulators now rests with the board of the top U.S. automaker...
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16 August 15:40
Fund giant Fidelity Investments sharply raised its holdings of oil firm Exxon Mobil in the second quarter, a filing showed, though it reduced other large positions including stakes in Google Inc and...
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16 August 13:29
Barclays Bank Plc has agreed to pay nearly $300 million to settle criminal charges that it violated U.S. sanctions in dealings with Cuba, Iran, Libya, Sudan and Myanmar...
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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
16 August 00:30
Mini tenders are the black sheep in the world of M&A, and perhaps deservedly so. After all, the CSA has…
Precedent Watch
13 August 00:15
Israel’s D.Medical, an as-yet-unprofitable insulin therapy company, has called in some high-end legal talent to help launch its American IPO...
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06 August 01:00
Despite all the fuss over Dodd-Frank, U.S. regulators are not the only ones cracking down on the financial services industry. In Canada, the credit rating business is now in the direct line of sight of regulators...
Precedent Watch
06 August 00:30
The Supreme Court’s ruling in Morrison v. National Australia Bank recently rendered an entire category of securities class actions, those known as “F-cubed”, extinct...
Precedent Watch
06 August 00:15
Canada’s biggest lender is making major inroads into American equity markets. Though good news for the Royal Bank of Canada and its dealer affiliates, RBC’s success has also proven a headache...
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05 August 18:00
The “swaps push-out” requirement in Dodd-Frank could have a material impact on the way in which banking institutions structure their U.S. derivatives operations. Yet this is not the last word on derivatives regulation, as the legislation explicitly delegates to the SEC and CFTC broad rulemaking authority over derivatives…
Precedent Watch - Guest Author
05 August 12:24
General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said...
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04 August 00:30
Channeling the ghost of Joseph Heller, Israel’s Bezeq announced this week a special tender offer for 5% of the shares of Walla! Communications, Ltd., the ebay of Israel…
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03 August 02:39
Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for years...
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02 August 15:49
U.S. securities regulators are investigating whether people may have illegally profited from trading on nonpublic information at BP Plc in the weeks and months following...
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02 August 01:54
Goldman Sachs said that it believed its trades with the bailed out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG...
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02 August 00:15
The federal government has laid down its cards in the battle for supremacy over Canadian securities legislation. With the release of a proposed transition plan earlier…
Precedent Watch
30 July 02:30
Corporate bond offerings are hot these days, despite Dodd-Frank’s confusing impact on bond activity. Issuers from Agilent to Target, lured by low long term rates, have recently...
Precedent Watch
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 03:00
The legal side effects of financial reform legislation are already creeping into the market. While many of the changes envisioned under Dodd-Frank will take place years into the future, one of its immediate effects is…
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 02:07
Billionaire financier George Soros is in advanced talks to buy a 4 percent stake in Bombay Stock Exchange (BSE) for $35-$40 million...
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27 July 12:58
BP Plc said the U.S. markets regulator Securities and Exchange Commission and the Justice Department had launched a probe into market trading connected to the oil giant's Gulf of Mexico oil spill...
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27 July 12:16
Goldman Sachs said it is launching a service to facilitate central clearing for clients in all listed and privately traded derivatives asset classes...
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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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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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21 July 01:26
The U.S. securities regulator was aware of Wall Street's potentially questionable accounting practice of classifying repurchase agreements as sales instead of borrowings long before the...
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19 July 13:24
The top U.S. securities regulator will need to add about 800 new positions to carry out its part of the massive financial reform legislation, the head of the agency said in testimony to be delivered...
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16 July 01:00
In a recent no action request, the SEC confirmed the registration exempt status of senior certificates issued by a mortgage trust established by the FDIC…
More Precedent
15 July 01:30
REITs may reel from re-regulation of financial services, even while reform rings out across the land. Not all REITs are affected equally, however, exposing players like...
Precedent Watch
14 July 10:10
Securities regulators weighed whether to change voting in corporate elections, amid calls from companies to fix a system they consider broken and antiquated...
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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
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
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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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
07 September 03:11
The Office of Fair Trade will investigate the aggregates industry to assess whether the tax payer is getting a fair deal from suppliers of sand, gravel and broken rocks to road and house builders...
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26 August 14:01
The U.S. government proposed to fine American Airlines $24.2 million for alleged maintenance violations that led to thousands of flight cancellations two years ago...
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20 August 03:00
Healthcare deals appear to be built on strong real estate, but it may turn out to be on surprisingly thin ice, given the heat of regulation. Recent deals by…
Precedent Watch
20 August 01:00
Money flowing out of China in the form of outbound investment has been popping up in record amounts in the form of international listings, overseas acquisitions and…
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 12:53
The Muslim fasting month of Ramadan may be delaying the start of talks between the Algerian government and Egypt's Orascom Telecom to buy the mobile firm's Djezzy unit...
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13 August 01:00
The breadth of one deal device has quietly grown in quite breathtaking ways, shaping deals from the Dollar Thrifty merger to Marcellus Shale Gas transactions to REIT acquisitions...
Precedent Watch
12 August 18:10
India, the world's fastest-growing telecom market, said it would hobble Research In Motion's BlackBerry smartphone unless the company gives it the keys to decode encrypted email and messages by the end of August...
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12 August 04:53
Customs officials in Ukraine, which is considering introducing a quota system for grain exports, said on Thursday they had prevented export of 28,500 tonnes of wheat because of incorrect paperwork...
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11 August 01:30
The world's newest energy player, Israel, has burst onto the world stage leveraging both clean tech brains and hydrocarbon brawn. Houston's Noble Energy and Ormat Technologies of Nevada, meanwhile...
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
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
03 August 02:18
Orascom Telecom's Algerian unit has been blocked from importing new mobile phone equipment due to an ongoing dispute with the Algerian government...
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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
21 July 12:35
Algeria is considering tightening its rules on how the price is set when the state buys a foreign-owned firm, a step which could cost Egypt's Orascom Telecom billions of dollars...
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16 July 02:30
A recently enacted tax disclosure law from China is threatening to take the world by storm, even shaking public markets in the U.S., Hong Kong, Canada and Bermuda…
Precedent Watch
16 July 00:15
Buy shares in a leading British company and you might be buying more than you bargained for, as emerging market deals come into play…
Precedent Watch
08 July 03:30
The race to flee “disreputable” Caribbean tax havens for “legit” European low tax jurisdictions is now on with two insurance companies fleeing from…
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07 July 08:07
The Department of Justice has opened a criminal investigation into whether some HSBC Holdings Plc clients may have failed to disclose offshore accounts, lawyers familiar with the probe said...
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07 July 04:05
Greece's fiscal and structural reforms, intended to pull it out of recession and end a sovereign debt crisis, are on track despite some shortcomings, the European Commission said...
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02 July 02:11
Australia ended a damaging dispute with global miners on Friday by dumping its "super profits" tax for a lower resources rent tax backed by big miners, clearing a major hurdle to call an early election...
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30 June 13:31
Algeria's government has submitted to parliament a draft law that will allow it to set price controls on all consumer goods and services as part of a campaign to curb inflation...
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