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  • August 31, 2014
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  1. Business - Commodities - MINING

    New Afghan mining law lacks transparency, say experts

    Posted Aug 23rd 2014, 01:06am by LYNNE O'DONNELL

    ... Lynne O'Donnell A new Afghan law is meant to ensure residents benefit from the sector's development but experts say its lack of transparency fuels corruption Eye on the mother lode Afghanistan has a new mining law that aims to tap the potentially lucrative sector to fund the country's post-war development but which critics say falls short of international ...

    http://www.scmp.com/business/commodities/article/1579556/new-afghan-mining-law-lacks-transparency-say-experts
  2. Business - Comment - LAI SEE

    An unwelcome reminder of why 'the law is an ass'

    Posted Aug 20th 2014, 01:31am by Howard Winn

    ... Howard Winn Every now and again we are reminded of the truth of the expression, "The law is an ass." Ever since Aquitaine Investment Advisors moved into new premises in June, it has been receiving hand-delivered legal documents: writs, bundles of skeleton arguments from two law firms- Simmons & Simmons and Howse Williams Bowers. However, the respondents no longer ...

    http://www.scmp.com/business/article/1577220/arts-affairs
  3. Business - Comment - LAI SEE

    Annells' companies sued by law firm

    Posted Aug 06th 2014, 03:12am by Howard Winn

    ... Howard Winn Annells' companies sued by law firm Stephenson Harwood, a firm of solicitors which had acted for AzureTax and AzureTrustees, is suing the two companies in the High Court for HK$1.4 million for fees and legal services. It is also seeking interest on this sum from the date of the writ and costs. The companies were founded by tax consultant Deborah Annells and she ...

    http://www.scmp.com/business/article/1567229/annells-companies-sued-law-firm
  4. Business - Money

    Government stands by best interest clause in proposed insurance law

    Posted Jul 21st 2014, 03:18am by Enoch Yiu

    ... lead customers to launch lawsuits and claims against intermediaries," he said. Tam suggested that the best interest provision not be included in the law itself, but added to the code ... not have a problem with it," Cheung said. "The Insurance Authority, after it is set up by the bill passed by lawmakers, will issue guidelines on the conduct requirements." The Law ...

    http://www.scmp.com/business/money/markets-investing/article/1556927/government-stands-best-interest-clause-proposed
  5. Business - Banking & Finance - FOREIGN EXCHANGE

    How do rich Chinese elude foreign exchange laws to move their money abroad? Take your pick of ways

    Posted Jul 10th 2014, 11:55pm by Keira Lu Huang

    ... money Chinese law limits individual citizens to the equivalent of US$50,000 per year in foreign exchange, meaning that anyone who wants to spend more than that overseas must look for alternative ... laws, the following seven methods are used to transfer money overseas. Family and friends Split the transfer among as many identities as possible. With 20 people, it's easy to transfer US$1 ...

    http://www.scmp.com/business/banking-finance/article/1551510/how-elude-chinese-foreign-exchange-laws-take-your-pick-ways
  6. Business - Economy - DEBT

    Local governments can replace costly debt, finance minister says

    Posted Aug 29th 2014, 01:14am by Reuters

    ... came as the National People's Congress meets this week to review proposed amendments to the country's fiscal law to let regional governments issue bonds for themselves. If the revised law is passed- which may happen as early as this week, according to some reports- it would help Beijing to carry out a reform analysts say is vital for cleaning up the country's messy ...

    http://www.scmp.com/business/economy/article/1581589/local-governments-can-replace-costly-debt-finance-minister-says
  7. Business - Banking & Finance - FINANCE

    Beijing to back United States over new Fatca law against tax evasion

    Posted Jun 27th 2014, 11:50pm by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Central government co-operates with Fatca law, easing blacklist threat to Chinese institutions and boosting its own battle against corruption Beijing to back U.S. over tax evasion Mainland China has been included on a list of jurisdictions co-operating with the United States on a new law to halt tax evasion. It removes the threat ...

    http://www.scmp.com/business/banking-finance/article/1542111/beijing-back-united-states-over-new-fatca-law-against-tax
  8. Business - Comment - JAKE'S VIEW

    Social responsibility should begin and end with the law

    Posted Jun 19th 2014, 12:51am by Jake Van Der Kamp

    ... and end with the law Corporate social responsibility (CSR)- a management concept whereby companies integrate social and environmental concerns into their operations and interactions ... an obligation beyond any imposed on them by law to promote social harmony and equality and to pioneer environmental protection practices. If it is required of them by law then they have a legal ...

    http://www.scmp.com/business/article/1535837/social-responsibility-should-begin-and-end-law
  9. Business - Companies - COMPANIES

    NVC Lighting shareholders vote 95pc to oust founder

    Posted Aug 29th 2014, 09:55am by Toh Han Shih

    ... to the law", Wu said on Thursday in an email to the South China Morning Post. "My removal will only hurt the interests of NVC shareholders even more," he said on his Weibo microblog ... to recover the Wanzhou factory, it might have to boost production at its other factories to compensate for the lost production. "We believe China upholds the rule of law," Wang said. ...

    http://www.scmp.com/business/companies/article/1581643/nvc-founder-stands-firm-shareholders-vote-whether-remove-him
  10. Business - Commodities - COMPETITION

    US judge rules LME out of case as 'organ' of British government

    Posted Aug 27th 2014, 10:42am by Reuters

    ... said that the relevant case law "tips decidedly" towards a grant of immunity, noting that the LME was required by law to perform "the decidedly public function of market ...

    http://www.scmp.com/business/commodities/article/1581064/us-judge-rules-lme-out-case-organ-british-government

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