Legal & Regulatory

Hannes Smarason facing whole slew of cases

Hannes Smarson is facing embezzlement charges is his role in the misappropriation of funds from FL Group hf during his time as its chairman.


Bank of America and executive to pay damages for shoddy loans under the 'Hustle' program

The Hustle, as it was known, rewarded volume instead of quality for mortgages sold by Bank of America to Fannie Mae and Freddie Mac.

Samsung vs. Apple takes a new turn

A new issue had arisen between the epic patent infringement battle between Samsung and Apple. A judge has found that Samsung violated a court ordered agreement as to the secrecy of Apple documentation filed on the case.

Australia's asylum seeker agreement with Indonesia to be reviewed

A diplomatic stand off between Australia and Indonesia was averted when the Australian Immigration Minister had ordered the boat people be brought to Christmas Island.


Latest News

China's key Communist Party meeting expected to yield monumental economic and political reforms.
SAC's first public statement after pleading guilty was criticized for lack of contrition. SAC Capital Advisors was criticized for its lack of contrition after pleading guilty on four counts of securities fraud and one count of wire fraud.
Lawyers for Major League Baseball and Alex Rodriguez argue as to jurisdiction of the case, if it were in federal court or state court.
The Royal Bank of Scotland entered into a settlement with the Securities and Exchange Commission amounting to USD153.7 million.
According to Judge Sam Glasscock, it found Cooper's allegations to be without merit as against the actions of Apollo in its buyout negotiations.
The Stability Fund was created as part of the bailout package of UBS AG and now, it was time for the bank to pay back the fund under a given formula.
China Cinda Asset Management would be listing its shares in Hong Kong with a projected share volume sale of USD2 billion.
Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
The latest takeover bid was submitted by BNP Paribas SA for BGZ Bank in the Polish market that had seen mega million takeover deals in its banking industry.