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HONG KONG: China's hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters.
NEW YORK: Lawyers for Steven A. Cohen's hedge fund, SAC Capital Advisors, reached a formal agreement with federal prosecutors to allow the hedge fund to continue to operate while the criminal case against it proceeds, according to a source briefed on the matter.
SAN JOSE: Lawyers for Apple and Samsung exchanged barbs as a major new patent trial opened Tuesday, debating the role of a company not even part of the case – Google.
KUALA LUMPUR: Maxis Bhd together with the Malaysian courts recently launched Maxis' Unity Conferencing service which aims to streamline communications between registrars and lawyers on hearing dates and the management of case information in court.
NEW YORK: A jury on Tuesday convicted two prominent lawyers, the former head of a major accounting firm and an accountant of mail fraud charges in a massive multi-billion-dollar tax shelter prosecution, ending a trial that featured a parade of wealthy Americans who told how they dodged taxes through complex investment instruments.
ATHENS: Greece's drive to crack down on flagrant tax evaders such as doctors and lawyers is flagging and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday.