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  • October 23, 2014
  • Last updated: 6:25am
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  1. News - Hong Kong - COURTS

    Kwok brothers feared SHKP would go bust under eldest sibling's leadership

    Posted Oct 21st 2014, 04:33am by Stuart Lau

    ... could generate an annual profit of up to HK$50 million after it entered the mainland market. "How do you feel now you know that your money was paid over to Mr Hui, who spent it on high ...

    http://www.scmp.com/news/hong-kong/article/1620892/kwok-brothers-feared-shkp-would-go-bust-under-eldest-siblings
  2. News - Hong Kong - COURTS

    Ex-bank manager jailed for stealing HK$65 million from clients' accounts

    Posted Oct 17th 2014, 04:05am by Thomas Chan

    ... as a clerk, had started stealing the money because of the collapse in the property market that had burdened him with substantial mortgage debt and credit card bills. In an attempt to recover the victims' losses, Ming invested in the stock market, which caused further substantial losses, Li said. The court heard that the documents Ming forged to cover up his crimes included forms ...

    http://www.scmp.com/news/hong-kong/article/1617766/ex-bank-manager-jailed-stealing-hk65-million-clients-accounts
  3. Business - Companies - COURTS

    Shanghai Zhenhua sued by UK firm Fluor for £250m

    Posted Sep 30th 2014, 01:57pm by JING YANG

    ... the world's largest crane builder, said in a stock market filing yesterday it received a writ from the High Court of Justice in London. Fluor is a subsidiary of Texas-based Fluor Corp, which has a market capitalisation of US$10.6 billion. "It is very clear to us that Fluor tried to recover losses from us after it lost the legal action against the project owner," a Zhenhua ...

    http://www.scmp.com/business/companies/article/1604528/shanghai-zhenhua-sued-uk-firm-fluor-ps250m
  4. News - Hong Kong - COURTS

    City says overall market sustainability must govern granting of TV licences

    Posted Aug 30th 2014, 04:30am by JULIE CHU

    ... Julie Chu julie.chu@scmp.com Government counsel tells court HKTV was rejected due to changing ad market ‘Holistic approach needed’ for TV licences In the face of a shrinking and changing media advertising scene, the government must consider market sustainability as a whole when deciding whether to issue new television licences, the Court of First Instance heard yesterday. ...

    http://www.scmp.com/news/hong-kong/article/1581873/city-says-overall-market-sustainability-must-govern-granting-tv
  5. Business - Money - COURTS

    London Metal Exchange to push for reform after US judge dismisses suits

    Posted Sep 01st 2014, 04:21am by Enoch Yiu

    ... to the entire metals community to run a fair and orderly market," she said. "We continue to take action to manage queue-related issues in accordance with our obligations and we remain ...

    http://www.scmp.com/business/money/markets-investing/article/1582522/london-metal-exchange-push-reform-after-us-judge
  6. News - Hong Kong - COURTS

    Law empowers government to decide on TV licensing bids, court told

    Posted Aug 29th 2014, 04:22am by JULIE CHU

    ... before reaching a decision, Yu said, so it was reasonable for the body to adopt a "gradual and orderly approach" in its final stage of decision-making and rate market sustainability ... of the Office of the Communications Authority- would recommend approving all three bids. But in May that year, Chief Executive Leung Chun-ying raised concerns about keen market competition ...

    http://www.scmp.com/news/hong-kong/article/1581521/law-empowers-government-decide-tv-licensing-bids-court-told
  7. News - Hong Kong - COURTS

    HKTV asks High Court to quash government’s rejection of bid for broadcast licence

    Posted Aug 27th 2014, 06:09pm by JULIE CHU

    ... in the market through not imposing any limit on the number of licences. "The [Chief Executive in Council] failed to seek the views and recommendations of the Communications Authority ...

    http://www.scmp.com/news/hong-kong/article/1581154/hktv-asks-high-court-quash-governments-rejection-bid-broadcast
  8. Business - Banking & Finance - COURTS

    Another ex-Rabobank trader pleads guilty to Libor rigging

    Posted Aug 20th 2014, 01:34am by Reuters

    ... of the fraud was massive, but the scheme was simple. By illegally influencing the Libor rates, Robson and his co-conspirators rigged the markets to ensure their trades made money," said Leslie ... positions. Nine people, including Robson, have been charged by the Justice Department. Robson worked as a senior trader at Rabobank's money markets and short-term forwards desk in London, ...

    http://www.scmp.com/business/banking-finance/article/1577197/another-ex-rabobank-trader-pleads-guilty-libor-rigging
  9. Business - Money - COURTS

    Lawsuit against China Everbright Securities may tarnish through train stock scheme

    Posted Aug 11th 2014, 03:56am by Daniel Ren

    ... market by 5 per cent before the brokerage pared its orders, causing the rally to go bust in the span of a single trading session. Scores of investors were left holding the proverbial bag when ... investors is one of the top concerns of retail punters. The market has gained notoriety from listed firms that overstated their earnings and unscrupulous fund managers. The managers would use inside ...

    http://www.scmp.com/business/money/markets-investing/article/1570889/lawsuit-against-china-everbright-securities-may
  10. News - World - COURTS

    Microsoft sues Samsung over 2011 smartphone licensing deal

    Posted Aug 03rd 2014, 06:53am by AFP

    ... Agence France-Presse in New York Microsoft sues Samsung over smartphone deal Microsoft has fired a legal salvo at long-time partner Samsung, accusing the South Korean giant of breaching a contract over licensing of technology used in the smartphone market. "After becoming the leading player in the worldwide smartphone market, Samsung decided late last year to stop complying ...

    http://www.scmp.com/news/world/article/1565106/microsoft-sues-samsung-over-2011-smartphone-licensing-deal

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