LOYA

04/11/2020

....We cannot regulate the longer term with yesterday's means...
Ant hasn’t been required to abide by the powerful banking laws on capital and leverage that they face. Beneath draft guidelines, Ant can be required to fund at the least 30% of every mortgage it makes along side a financial institution or different monetary establishment.

Jack Ma is getting a lesson about who’s in cost. Chinese language regulators on Tuesday suspended the $34 billion initial public offering of Ant Group, the online-finance operation carved out of e-commerce large Alibaba Group, simply two days forward of what was deliberate to be the world’s larg...

11/09/2020

The three-judge panel in Braunschweig in Volkswagen's home region of Lower Saxony ruled that car buyers suffered a financial loss when they bought a car without being aware it was equipped with illegal software. The court found a “predominant likelihood” of conviction in the fraud charge.

Former Volkswagen CEO Martin Winterkorn must face a public trial on fraud charges over the company's diesel emissions scandal from 2015

10/09/2020

LVMH said Tiffany had asked to extend the closing date and the board had been directed by the French government to defer the acquisition until after 6 January "in reaction to the threat of taxes on French products by the US".

The French luxury goods giant had planned to buy the US-based jeweller for more than $16bn.

04/09/2020

In May, the U.S. Senate signed a bill requiring overseas firms with American listings to comply with U.S. auditing standards and financial regulations. The key issue is that U.S. regulators lack access to overseas audit records, particularly in China.

Today Ant Group, otherwise known as Ant Financial and owner of massive Chinese payments app Alipay, announced plans for an IPO. It said it would list on the Shanghai Stock Exchanges’ STAR board and the Stock Exchange of Hong Kong (HKEX/SEHK). Notably, there is no mention of a U.S. IPO, unlike NYSE...

02/09/2020

26/08/2020

..Thus, in focusing on the status quo, the Court observes that Epic Games strategically chose to breach its agreements with Apple which changed the status quo. No equities have been identified suggesting that the Court should impose a new status quo in favor of Epic Games. By contrast, with respect to the Unreal Engine and the developer tools, the Court finds the opposite result. In this regard, the contracts related to those applications were not breached. Apple does not persuade that it will be harmed based on any restraint on removing the developer tools. The parties' dispute is easily cabined on the antitrust allegations with respect to the ‌App Store‌. It need not go farther. Apple has chosen to act severely, and by doing so, has impacted non-parties, and a third-party developer ecosystem. In this regard, the equities do weigh against Apple.

Apple last week sent a letter to Epic Games letting the company know that if it does not comply with the App Store rules and remove direct payment...

25/08/2020

'the private-equity firm plans to invest in the business to boost market share, add products and expand in Asia outside Japan. The firms would be interested in acquiring other Japanese OTC drug businesses,.... '

Blackstone to acquire Takeda's consumer health care business for $2.3 billion: WSJ

Blackstone Group Inc. undefined is buying Takeda Pharmaecutical Co.'s undefinedundefined consumer health care business for 242 billion yen ($2.3 billion),...

19/08/2020

The court says that the trademark owner didn’t develop its arguments over competitive keyword advertising that doesn’t include the trademark in the ad copy. So the only question on the table is whether the ads including the trademark in the ad copy infringe.

Feedspot - A fast, free, modern RSS Reader. Its a simple way to track all your favorite websites in one place.

18/08/2020

...harm to innovation and nascent competition in fast-moving technology markets can happen quickly..... act expeditiously to determine if antitrust violations have been committed and, if so, to address them....

Some Justice Department staffers have expressed internal concerns over plans to bring an antitrust lawsuit against the Alphabet unit—and what they view as an aggressive timeline favored by Attorney General William Barr.

17/08/2020

China’s Commerce Ministry said it would expand a pilot program for its digital currency to include a number of large cities, advancing a pioneering initiative by a major central bank to launch an electronic payment system.

China said it would expand a pilot program for its digital currency to include a number of large cities, advancing a pioneering initiative by a major central bank to launch an electronic payment system.

14/08/2020

German prosecutors suspect Mr. Marsalek, longtime Chief Executive Markus Braun and others colluded to inflate the company's results by booking fake income since at least 2015, which allowed Wirecard to raise EUR3.2 billion ($3.8 billion) in loans prosecutors believe are now likely lost.

BERLIN -- German investigators are asking the public to help them find Jan Marsalek, the elusive former Wirecard AG executive who prosecutors suspect played...

13/08/2020

https://www.wipo.int/wipo_magazine/en/2018/01/article_0008.html

The intriguing tale of how two entrepreneurs in the United States and a disgruntled-looking cat made a fortune through astute use of IP rights.