Just another day in Taiwan's parliament. Jeeze, and we thought Dick Cheney saying "fuck off" was a big deal.Scores of Taiwan legislators sprayed water, threw stacks of paper andexchanged punches in parliament on Tuesday due to disagreements over abill, again delaying passage of the long-overdue 2007 annual budget.(hat tip: Scott...
FP Trading Desk submits: Centerra Gold Inc.'s (CAGDF.PK) Kumtor gold mine continues to operate, but investors are getting increasingly nervous about its future. A deadline has passed for the Kyrgyz Republic's parliament to ratify an investment agreement on Kumtor, and a court has canceled some exploration licenses. The fact...
Gary Dorsch Global Money Trends submits: A new member of the British Parliament once solicited the advice of Benjamin Disraeli, the nineteenth century British prime minister, on whether he should speak up on a controversial issue. “Do you have anything to say that has not...
ACCRA (Reuters UK) - Ghana's parliament delayed on Friday a decision on a deal that would allow Vodaphone Group VOD buy a 70 percent stake in Ghana Telecom, the country's third largest mobile phone operator. Vodafone signed a deal with the government in July to pay...
Directors and Officers Liability Insurance is designed to indemnify directors, senior executives and employees in respect of loss arising from claims made against them in the discharge of their duties on behalf of the company. Developments in statute introduced by parliament have not only broadened the scope of who may...
In December 2005, the Federal Parliament passed the Work Choices legislation, creating a new industrial relations landscape. The legislation is both expansive and complex. Some of the more significant changes include: simplifying the Australian Workplace Agreement system; removal of constitutional corporations from the state systems; setting of new minimum wages...
LONDON (Reuters UK) - The government has begun preparations for a possible sale of state-owned bookmaker the Tote on the open market in the autumn, Sports Minister Gerry Sutcliffe said in a written statement to Parliament on Monday. However, Sutcliffe said no final decision to launch...
In recent weeks there have been a few unexpected changes to the pending rules governing UK defined contribution DC pension plan provision, the implications of which are far from trivial. The Finance Bill and Pension Bill are progressing in a routine manner through the various stages of Parliament. As part...
The UK Government is committed to new and renewable energy and is introducing a new Renewables Obligation that will succeed the Non-Fossil Fuel Obligation NFFO. This will be introduced in the Utilities Bill currently progressing through Parliament and will require power suppliers to source a specified amount of the electricity...
The introduction of the FSRB into Parliament was the culmination of almost two years of review, industry lobbying processes of submission and some blue sky dreaming on the part of Treasury. In addition to the expected changes to the regulation of financial service providers, the FSRB reaches further into corporate...
This article explains the new EU directive on reinsurance. The proposal for a directive on reinsurance has now reached its main legislative phase requiring parallel review and approval by both the European Parliament and the Council. The proposed rules, which intend to establish a harmonized EU prudential and supervisory framework,...
For the purpose of ensuring further improvement of the Georgian banking system and the stable and sustainable functioning of commercial banks, as well as to bring the banking industry closer to international banking standards, while taking into account the country's economic interests, and under authority of Article 59 of the...
Multinational employers in the European Union EU must consider a diverse range of fiscal and social welfare systems, different compensation practices, and conflicting cultural values when implementing pension strategies. They must also set up pension plans within each state, because of the different legislative systems, leading to fragmentation and inefficiency....
This report discusses an investigation into competition in the UK video games market conducted by the Monopolies and Mergers Commission MMC, and presented to Parliament by the Secretary of State. Video games are electronic games played through a piece of hardware known as a console, that is then either plugged...
The strategy covers Higher Education in England. Some issues are ?Reserved? matters for the UK parliament, and where the document deals with these, it will also affect Scotland, Wales and Northern Ireland. It sets out a vision for all Higher Education in England, including in Universities, University Colleges, Colleges of...
National differences in corporate governance practices in Europe, such as board structures, shareholder structures, and labor participation rights, make it difficult to operate in the European cross-border mergers and acquisitions environment. Particularly thorny issues are "golden shares" and labor participation in corporate decision-making. The widespread use of golden shares among...
Passage of the Chicken Meat Industry CMI Bill in the South Australian Parliament on 16 July, 2003, establishes a new standard of legislation in Australian primary industries to address the issue of market power concentration at the processor/grower functional level, and the consequent imbalance in bargaining power between processors and...
BRUSSELS (Reuters) - The International Monetary Fund is sticking to its estimate that losses on U.S. assets from the subprime crisis and its wider fallout would be about $1 trillion despite fresh U.S. banking problems recently, a senior IMF official said...
In 2001, a new law was passed by the Danish Parliament, mandating the establishment of a compulsory, strictly non-punitive, and strictly confidential system for the reporting of aviation incidents. A particular and perhaps unusual feature of this reporting system is that not only are employees (typically Air Traffic Controllers and...
By Clara Ferreira-Marques LONDON (Reuters UK) - The government should apologise to more than a million policyholders in Equitable Life and offer them compensation, a long-awaited report by the parliamentary ombudsman said on Thursday, almost a decade after the insurer's near demise. The country's oldest...
