Law Legislation

  • LONDON, Nov 12- Banks, law firms and other advisers stand to earn up to $963 million in fees from Takeda Pharmaceutical's $62 billion takeover of drugmaker Shire, according to documents for the deal published on Monday. The Japanese company expects spend about $733.4 million in fees and expenses in total, while London- listed Shire's costs will range between...

  • MOSCOW, Nov 12- A Swiss court has issued an injunction barring the operators of the Nord Stream gas pipeline from making payments to Gazprom as part of a legal dispute between the Russian gas producer and Ukraine's Naftogaz, Gazprom said. All payments from Nord Stream AG and Nord Stream 2 AG to Gazprom are to be directed to the Swiss bailiffs, Gazprom said in a...

  • MOSCOW, Nov 12- Russian gas giant Gazprom is preparing a 5- year Eurobond denominated in euros, a financial market source said on Monday. The company temporarily suspended its external borrowing programme earlier this year because of a deepening legal dispute with Ukraine's Naftogaz over gas supplies, banking sources told Reuters. Since July, Gazprom has...

  • FRANKFURT/ MUNICH, Nov 12- German chipmaker Infineon Technologies took a further multi-million euro provision to cover a legal dispute, overshadowing strong quarterly results and an upbeat outlook to send its shares sharply lower on Monday. Munich- based Infineon increased provisions by 159 million euros to cover the cost of a possible settlement with the...

  • SCOTTISH COURT RULES THAT UK GOVERNMENT CANNOT APPEAL TO UK'S SUPREME COURT ON CASE WHETHER BRITAIN ALONE CAN REVERSE BREXIT- LAWYER CLOSE TO THE CASE.

  • *UBS expects legal action by U.S. Justice Dept. NEW YORK/ ZURICH, Nov 8- UBS Group AG, Switzerland's largest bank, faces another potentially costly legal battle as the U.S. Department of Justice draws up civil charges over the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. UBS said on Wednesday it expected to be sued by the Justice...

  • UBS said it had been advised by the Justice Department that the law enforcement agency intends to file the civil complaint. It anticipates the Justice Department will seek unspecified monetary penalties regarding the mortgage securities, which date back to 2006 and 2007.. More recently, HSBC Holdings Plc agreed to pay $765 million last month to settle with...

  • UBS SAYS JUSTICE DEPARTMENT CLAIMS NOT SUPPORTED BY FACTS OR LAW AND THAT IT WILL "VIGOROUSLY" CONTEST ANY SUCH LAWSUIT.

  • BRASÍLIA, Nov 7- Brazil's President-elect Jair Bolsonaro faced the first setback in his plans to reduce the country's massive deficit on Wednesday, as the Senate approved a 16 percent pay rise for the judiciary against his wishes. But the Senate went ahead and passed a bill raising judges' salaries, which serve as a benchmark for other public sector pay.

  • WASHINGTON, Nov 7- Congress may swiftly resolve a drawn-out impasse on the U.S. Farm Bill now that Democrats are poised to retake control of the legislative body, the top Democrat on the House Agriculture Committee said on Wednesday. The Senate, meanwhile, passed its own bipartisan version that excluded the requirements.

  • *Bank of Spain says loan tax no longer a risk to banks. MADRID, Nov 7- Spain's government moved to counter a court ruling that would have forced customers to pay mortgage stamp duty by pledging on Wednesday to swiftly pass a law obliging banks to pay the tax. The Supreme Court had said on Tuesday that customers and not banks had to pay the tax, reversing a ruling in...

  • *Bank of Spain says loan tax no longer a risk after court ruling. On Tuesday, the Supreme Court said that customers and not banks had to pay the tax, reversing a ruling in mid-October in which the court upset the status quo by declaring that lenders were legally responsible for it. The surprise ruling by the Supreme Court on Tuesday prompted the government's...

  • as of 0752 GMT, having touched its lowest since Nov. 1 at $1,222.90 earlier in the session. Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives. The win creates a clear hurdle for Republicans to easily pass legislation through both chambers of Congress, clouding the outlook for some of Trump's...

  • as of 0625 GMT, having touched its lowest since Nov. 1 at $1,222.90 earlier in the session. Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives. The win creates a clear hurdle for Republicans to easily pass legislation through both chambers of Congress, clouding the outlook for some of Trump's...

  • TOKYO, Nov 7- Wall Street stock futures and Asian shares held earlier gains on Wednesday after Democrats won control of the U.S. House of Representatives, boosting the party's ability to block President Donald Trump's political and economic agenda. The Democrats' House win creates a clear hurdle for Republicans to easily pass legislation through both...

  • The preliminary ruling came in an antitrust lawsuit against Qualcomm brought by the U.S. Federal Trade Commission in early 2017 and that is scheduled to go to trial next year. The preliminary ruling by Judge Lucy Koh in the U.S. District Court for the Northern District of California said that Qualcomm must license some patents involved in making so-called...

  • Nov 6- Mobile chip firm Qualcomm Inc suffered a setback in an antitrust brought against by the U.S. Federal Trade Commission on Tuesday when a judge sided with trade regulators on a motion for partial summary judgment. Qualcomm and the FTC last month asked a federal judge in San Jose, California, to delay the ruling so that the two sides could pursue settlement...

  • "The Russians are definitely not sitting this one out, said Graham Brookie, director of the Atlantic Councils Digital Forensic Research Lab. U.S. intelligence and law enforcement agencies say Russia used disinformation and other tactics to support President Donald Trump's 2016 campaign. One clear sign of a continued Russian commitment to disrupting...

  • "The Russians are definitely not sitting this one out, said Graham Brookie, director of the Atlantic Councils Digital Forensic Research Lab. U.S. intelligence and law enforcement agencies say Russia used disinformation and other tactics to support President Donald Trump's 2016 campaign. One clear sign of the continued Russian commitment to disrupting...

  • WASHINGTON, Nov 5- U.S. Supreme Court justices, hearing a challenge to Virginia's moratorium on uranium mining, struggled on Monday over how far states can go to ban mining of the radioactive metal for public health reasons before overstepping federal law. At the center of the dispute is the largest-known U.S. uranium deposit, located beneath a privately owned...