Legal & Regulatory
CBRC and FSC agree on new regulations
Taiwan and China enter into new regulations on investment in financial institutions and holdings companies.
Lear Avoids Proxy Fight with Increased Buy Back Share Speed
Lear Corp has avoided a proxy fight with major private equity investor firms through an agreement increasing the rate of its share buyback program.
Dominion Diamond Says Regulators Nod BHP Billiton Share Buyout
Toronto-based Dominion Diamond Corp. said regulators have approved its plan to buy BHP Billiton's Ekati diamond operations in Northwest Territories, Canada.
Telmex to Face Class Action Suit Instituted by Government Regulator
Telmex would be facing a class action suit for unwarranted charges filed by the government for an on behalf of its subscribers.
Latest News
Argentina is making an alternative payment plan to a U.S. appeals court in the U.S. for the settlement of a litigation with creditors that hold defaulted bonds and are demanding payment of $1.33 billion.
Blackberry received approval from U.S. District Judge Richard Sullivan for the dismissal of a shareholder lawsuit that was accusing it was seeking fraudulent obscurity of its falling market position.
Eaton Vance Management has filed with the U.S. Securities and Exchange Commission to offer exchange traded managed futures (ETMF) in a bid to prevent front-running from making exploitation of the strategies.
A Chinese businessman, along with his wife, has agreed to settle charges of insider trading into the Cnooc's buyout of Nexen of Canada.
In a harsh condition, nearly 60% of the value of deposits above Eur100,000 would be lost in the bailout package.
Michael Steinberg is the highest ranking SAC executive to be arrested for insider trading. Michael Steinberg, portfolio manager at SAC was charged with insider trading by US prosecutors.
Through a proxy statement, Silver Lake and Michael Dell extolled the virtues of their bid as against the offers of Icahn and Blackstone.
For failing to account for minority stockholder's interests, A1 is filing a suit against the Tele2 board for accepting a lower offer than what they tabled for the company.
Russia's A1, billionaire Mikhail Fridman's investment group, wants to file case against the planned merger of Tele2's Russian unit and state-run bank VTB, saying that it has the right to purchase Tele2 unit.
Portfolio manager Michael Steinberg at Steven A. Cohen's hedge fund SAC Capital Advisors was arrested on as part of a long-running investigation on insider trading.