Governors cannot be at liberty to keep bills pending indefinitely without any action, the Supreme Court has said while emphasising that the unelected Head of the State is entrusted with constitutional powers but that cannot be used to thwart the normal course of lawmaking by state legislatures. Observing that unbridled […]
Morocco’s competition council said on Thursday it had fined the nine fuel companies operating in the country 1.84 billion dirhams ($180 million) because of non-compliance with free competition rules and price fixing. The council said it had reached an agreement with the petrol and diesel companies and their professional groups […]
Genesis alleges that Gemini, owned by the Winklevoss twins, made “significant withdrawals” before Genesis filed for bankruptcy, contributing to a “run on the bank,” reports CoinDesk. The lawsuit alleged that Gemini made preferential transfers of an “aggregate gross amount of no less than approximately $689,302,000” from Genesis at the expense […]
The procedure to appoint judges to a new chamber of Poland’s Supreme Court is defective and Warsaw has to take appropriate legislative measures to correct the process, the European Court of Human Rights (ECHR) said on Thursday. Rule of law issues took centre stage in Poland after Oct. 15 elections […]
Canada introduced tax measures on Tuesday to ease a severe rental housing shortage by limiting income tax deductions on short-term rentals on services such as Airbnb Inc and VRBO, joining many countries that are enacting similar laws. The new rules apply as of Jan. 1 in provinces and municipalities that […]
The world’s biggest cryptocurrency exchange Binance is expected to pay fines totaling $4.3 billion and its chief is planning to step down, a US media report said Tuesday. In a deal with US authorities that could allow the company to keep running, Binance chief executive Changpeng Zhao intends to plead […]
The Nepal Supreme Court on Tuesday ruled against issuing an interim order to lift the ban on Chinese social media application TikTok. The ruling came at a preliminary hearing on a case filed against the ban on the Chinese social media application. Instead, the country’s highest court issued a show […]
The Delhi High Court Monday listed for hearing on December 1 a batch of petitions seeking a Uniform Civil Code (UCC) and observed that it “cannot do anything” if the issue has already been decided by the Supreme Court. A bench headed by Acting Chief Justice Manmohan observed that in […]
The Delhi High Court has asked low-cost airline SpiceJet’s Managing Director Ajay Singh to appear before it in January in proceedings relating to a dispute over interest dues on arbitral award of over Rs 570 crore passed in favour of media baron Kalanithi Maran. “Ajay Singh, the Managing Director, shall […]
Chairperson of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch has launched the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE). Risk Mitigation in financial markets is an evergreen subject and constant efforts are made by regulators to address risks of various kinds. […]