Chairman Gary Gensler of the Securities and Exchange Commission told lawmakers on Tuesday that Wall Street’s top regulator is working around the clock to develop a set of regulations to manage the volatile cryptocurrency markets while also balancing the interests of American inventors. He told the Senate Banking Committee that he and his colleagues are… Continue reading Senators have called on SEC Chairman Gary Gensler to provide advice on cryptocurrency regulation
Category: Legal News
New Ranking: Hong Kong most open economy, Singapore second
When the Fraser Institute published its newest study on economic freedom, it recognised Hong Kong as having the world’s most free economy, which the administration of the Hong Kong Special Administrative Region applauded. Singapore was rated second in the study for 2021, followed by New Zealand, Switzerland, and Georgia, according to the research. On the… Continue reading New Ranking: Hong Kong most open economy, Singapore second
Resumption of mergers and acquisitions reviews by the antitrust regulator
The Philippine Competition Commission said on Wednesday that the motu proprio examination of mergers and acquisitions, which had been halted for a year under the country’s second coronavirus response legislation, will be resumed in the near future. The Bayanihan to Recover as One Act had previously imposed a ban on non-notifiable merger and acquisition reviews,… Continue reading Resumption of mergers and acquisitions reviews by the antitrust regulator
Growing Indications That China May Implement a Nationwide Property Tax
According to experts, the levies may provide money for local governments to use to invest in public infrastructure and public services. China is expected to expand the application of its much-discussed property tax to additional cities before the end of the year, which experts believe would help narrow the wealth gap as the central government… Continue reading Growing Indications That China May Implement a Nationwide Property Tax
The stock of SOHO China has fallen as a result of the failure of a takeover transaction
After private equity firm Blackstone decided to abandon a planned $3 billion acquisition of the real estate developer SOHO China, the stock of the Hong Kong-listed business plunged significantly on Monday. Market experts have recommended that the public should adopt a logical approach toward such transactions, and Chinese businesses may find inspiration in this when… Continue reading The stock of SOHO China has fallen as a result of the failure of a takeover transaction
Dubai sets up a dedicated anti-money laundering Court
Located between the Court of First Instance and the Court of Appeal, the new court is part of a larger effort by the United Arab Emirates (UAE) to increase the country’s competitiveness as an international financial centre. After the introduction of a national action plan on financial crime in the UAE, the execution of which… Continue reading Dubai sets up a dedicated anti-money laundering Court
Early general election in the United Kingdom?
In a unanimous vote, MPs approved the Dissolution and Calling of Parliament Bill, which repeals legislation passed in 2011 that limited the duration of each Parliament to five years. The measure will now be sent to the House of Lords for consideration; but, if the bill receives unanimous support from peers, does this imply that… Continue reading Early general election in the United Kingdom?
Singapore has proposed legislation to prevent foreign influence
This is the latest step in Singapore’s efforts to exert control over potentially threatening content on the internet. A new parliament bill was introduced on Monday that gives the government the authority to investigate and prevent foreign actors from interfering in national politics and inflaming social issues. Singapore’s anti-fake news regulations, which have enabled the… Continue reading Singapore has proposed legislation to prevent foreign influence
It is time for the legal industry to reflect, renew, and transform
A large number of law offices across the world are reopening their doors and welcome their employees back to the workplace as we enter a season of rebirth and regeneration. However, as the globe commemorates the 20th anniversary of September 11, 2001, and the legal profession examines the effect that global events have on their… Continue reading It is time for the legal industry to reflect, renew, and transform
Biden has Moved to Limit Non-compete Agreements
President Biden is following through on a campaign promise to reduce non-compete clauses.