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Credit Suisse AT1 bondholders hire law firm for possible litigation
NEW YORK, April 3 (Reuters) - Some holders of Credit Suisse AT1 bonds wiped out by the bank's planned merger with UBS have instructed law firm Quinn Emanuel Urquhart & Sullivan to represent them for discussions with Swiss authorities and possible litigation to recover losses
Competition amendment bill: Rajya Sabha clears law for stricter compliance
The Rajya Sabha on Monday approved amendments to the antitrust law that empower the Competition Commission of India to impose penalties on global turnovers of erring firms instead of their sales in the local market, a modification that could lead to harsher punishments on big technology multinationals
Binance accused of breaking US financial laws
US regulators are seeking to ban Binance, the world's largest crypto trading platform, alleging that the firm has been operating in the country illegally. The lawsuit from the Commodity Futures Trading Commission (CFTC) said the firm cultivated US business while failing to register properly with authorities. It accused Binance of breaking numerous US financial laws, including rules intended to thwart money laundering. Binance defended its practices.
Sierra Leone passes landmark law on women's rights
Sierra Leone has passed what has been described as a "ground-breaking" law to improve women's rights. President Julius Maada Bio made an apology to women for their poor treatment in the past: "For so long we haven't been fair to you," he said. The law states that 30% of public and private jobs must be reserved for women.