Month: December 2017

Hong Kong’s Competition Commission has published model contract clauses to help tendering companies guard against collusion between suppliers. 

Draft legislation that will make it easier for pension scheme operators to transfer members’ rights to new schemes without their consent has been set out by the UK government.

The value of criminal asset seizures fell by 19% this year, despite a rise in the value of fraudulent activity. One expert has said that the fall in seizures was caused by law enforcement budget cuts

New guidance issued by the European Banking Authority (EBA) on outsourcing to the cloud still lacks the kind of detail banks need to be comfortable that the arrangements they put in place are compliant, an expert in financial services and technology law has said.

The United States on Thursday presented a draft UN Security Council resolution ramping up sanctions on North Korea by cutting oil supplies vital for Pyongyang’s military programmes.
The council is expected to vote on the new sanctions on Friday, diplomats said.
The measure would ban the supply of nearly 90 per cent of refined oil products to North Korea and order the repatriation of all North Korean nationals working abroad within 12 months, according to the text.
The United States has…

The process of Brexit will be smoother for European-headquartered investment banks as a result of plans outlined by the Bank of England (BoE) over the way it intends to approach authorisation and supervision of international firms in future, an expert in financial services regulation has said.

The United States on Thursday imposed sanctions on 52 people and entities for alleged human rights violations and corruption, including Myanmar general Maung Maung Soe, who oversaw a brutal crackdown against the Rohingya Muslim minority.
Others hit with sanctions included Benjamin Bol Mel, who has served as an adviser to South Sudan President Salva Kiir, former Gambian leader Yahya Jammeh, and Israeli billionaire Dan Gertler, a friend of Democratic Republic of Congo President Joseph Kabila, the…

A new universal right to access “high speed” broadband services is to be introduced into law in the UK, the government has announced.

Software companies across Europe should “re-assess their current export control classifications” in light of EU regulations that recently came into force, an expert has said.

Scotland’s new energy strategy contains plans which present opportunities for businesses, an expert has said.