China's food import law worries foreign businesses
Dec 31, 2021 22:58 pm UTC| Business Economy Law
Chinas new laws now require all food importations to register with the customs authority, creating another barrier for international firms who have long complained of unfair treatment. Chinese consumers purchased $108...
South Korea court orders sale of confiscated Nippon Steel assets wartime forced labor lawsuit
Dec 31, 2021 22:38 pm UTC| Law Economy Politics
A South Korean district court branch ordered the sale of confiscated assets of Nippon Steel Corp. to compensate four Korean plaintiffs in a wartime forced labor lawsuit. The court seized the assets located in South...
Seoul court favors of Kyobo Life in put option lawsuit vs Hong Kong-based private equity
Dec 30, 2021 23:10 pm UTC| Law Economy Business
The Seoul Northern District Court has rejected Hong Kong-based Affinity Equity Partners request for Kyobo Life Insurance Co. to carry out its obligation to put option on 6 million shares in Kyobo Life at a strike price of...
Russia fines Google $98 million while penalizing Facebook $27 million
Dec 27, 2021 23:18 pm UTC| Law Technology Economy
A Russian court fined Google nearly $$98.4 million while also slapping Facebooks parent company Meta with a $27.2 million fine for failing to delete content banned by local law. The Tagansky District Court said that...
Tokyo Olympic village condo buyers sue developers for delay
Dec 26, 2021 11:54 am UTC| Law Economy Business
Buyers of condominiums units to be converted from the Tokyo Olympics and Paralympics athletes village have sued the developers for the additional cost they would incur due to a one-year delay in the property...
Nippon Steel sues Mitsui for allegedly infringing magnetic steel sheets patent
Dec 24, 2021 23:19 pm UTC| Law Economy Business
Nippon Steel Corp. has sued trading house Mitsui Co. for patent infringement at the Tokyo District Court, suspecting that the latter was involved in infringing on its patents on non-oriented magnetic steel sheets that are...
US seeks return to Sony of allegedly embezzled $154 million converted to Bitcoin
Dec 22, 2021 21:58 pm UTC| Economy Digital Currency Law Business
The US filed a civil forfeiture complaint to return over $154 million in funds allegedly stolen from a Sony Corp. subsidiary and converted to 3,879 Bitcoins. Based on the FBIs investigation, the Bitcoins, currently...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects