Dec 25, 2023 09:59 am UTC| Business Law
BNP Paribas and HSBC have faced severe penalties from South Koreas top financial regulator, the Financial Services Commission (FSC). This comes as a consequence of engaging in illegal short selling transactions over an...
Google Agrees to $700 Million Settlement in Antitrust Case
Dec 19, 2023 10:18 am UTC| Business Technology Law
Google has settled an antitrust case with US states and consumers, agreeing to pay $700 million and enact changes to promote competition in its Play app store. According to the terms filed in federal court on Monday, the...
Nikola Founder Trevor Milton Sentenced to 4 Years in Prison for Fraud
Dec 19, 2023 09:55 am UTC| Business Law
Nikola founder Trevor Milton was sentenced on Monday to four years in prison for deceiving investors about the companys hydrogen and electric truck technology. This sentence is significantly shorter than the 11 years...
Bankruptcy Lawyer Fees for FTX Reach $53,000 per Hour, Raises Concerns
Dec 18, 2023 09:14 am UTC| Business Digital Currency Law
According to recent compensation filings, FTX, the defunct crypto exchange, has been expending a staggering $53,000 per hour on bankruptcy lawyers and advisers. Over the three months ending October 31, FTX burned through...
Starbucks, TGI Fridays Operator in Brazil Receives Bankruptcy Protection
Dec 13, 2023 06:53 am UTC| Business Law
A Sao Paulo judge has approved bankruptcy protection for SouthRock Capital, the company responsible for running all Starbucks coffee shops and TGI Fridays restaurants in Brazil. This ruling results from SouthRocks filing...
Dec 13, 2023 06:23 am UTC| Business Law
Incarcerated Alabamans and labor organizations have filed a federal class action lawsuit against the state of Alabama, demanding an end to the controversial forced prison labor system. This system leases incarcerated...
What is the government's preventative detention bill?
Dec 07, 2023 08:01 am UTC| Law
After a week of non-stop headlines, the governments preventative detention legislation is being debated in the lower house, just in time for the end of the sitting year. Its likely to pass on Thursday. The new laws will...
There’s an extra $1 billion on the table for NT schools. This could change lives if spent well
Political donations rules are finally in the spotlight – here’s what the government should do