Legal & Regulatory
Sundance Expects Suitor Hanlong to Fail Meeting Takeover Bid Approval Deadline
Australia's Sundance Resources says that Hanlong would not be able to meet the deadline to show credit approval for its takeover offer.
Fuh Hwa Securities Granted Permit by Taiwanese Financial Regulator
The Taiwanese financial regulator had granted permission for Fuh Hwa Securities Investment Trust to form the yuan denominated mutual fund.
Otelco Seeks Bankruptcy Protection
Otelco attributes loss of Time Warner contract and FCC order as causes for the need to seek bankruptcy protection.
U.S. SEC Chair Wants Foreign Regulation Be Applied for Cross Border Trades
SEC chairman Elisse Walter urged during video conference at the annual forum of the Australian Securities and Investment Commission that foreign regulation should be applied for cross-border trades.
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Several hoaxes on stocks have emerged from the social media site Twitter as investors use the site as source of stock information.
More equity dealmakers criticize judges and their activities. In its annual M&A Jamboree in New Orleans held this week, dealmakers delivered its verdict on judges who make superfluous legal rulings to the detriment of their business.
The current lack of a majority in the Italian government is seen as a precursor to further economic issues in the long run.
In the wake of the 2007 mortgage crisis, a group of Singaporean investors have filed suit against Morgan Stanley for their role in the debacle.
Schroders reveals that it was planning to acquire smaller rival Cazenove as it sees rise in its assets.
Renta opting for insolvency protection to schedule debt payments. Share trading for Rental Corporacion, the Spanish property firm, was suspended last Tuesday after reports surfaced that the company's board was contemplating opting for insolvency.
Paulson moves for suit dismissal alleging lack of obligation. Paulson and Co has sought the dismissal of the lawsuit that alleged the firm conspired with Goldman Sachs Group Inc to entrap the bond insurer to guarantee payments for an investment scheme that is designed fail.
Citigroup settles investor suit amounting to US$730 million. Citigroup Inc has agreed to settle a class action suit on behalf of its investors to the amount of US$730 million.
Agrium gets backing from two major stockholders against Jana Partners proposals. Agrium Inc, the Canadian agricultural company received additional support in its proxy fight with Jana Partners, the hedge fund firm.
Restructuring plan for Berlian Laju received from creditors. PT Berlian Laju Tanker, Indonesia's foremost oil and gas shipper, was able to reach an agreement with its lenders to restructure their loan of $1.