Sources said Japan is preparing to introduce guidelines for institutional investors known as the Japanese Stewardship Code, which would improve returns, transparency and corporate governance, Reuters reported.
Legal & Regulatory
Empire State Building investors claim losing $410M in IPO, file lawsuit against New York skyscraper's managers
Empire State Building investors on December 24 filed a class-action lawsuit in a Manhattan state court against the New York skyscraper's managers. The said investors claim they were deprived of $410 million in profit in Empire State Building's initial public offering.
Insurers need to be watched - FT
The problems of Britian-based insurer RSA is a reminder that politicians, regulators and the general public should also put the spotlight on insurance companies and not just banks.
Fortress backs new LightSquared bankruptcy exit plan
LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless communications company seeks to avoid a sale to highest bidder Dish Network Corp.
Pilot scheme to open and improve mobile telecoms market gets approval in China
A total of 11 companies, including a subsidiary of online retail giant Alibaba obtained approval from Chinese authorities to be able to purchase mobile services from major providers and repackage them to offer to end users, the Ministry of Industry and Information Technology (MIIT) said on Thursday.
Latest News
The Fair Trade Commission of Taiwan slapped a TW$20 million fine on Apple Inc for violating the country's fair trade laws when it restricted the prices of local telecom carriers for iPhone contracts.
The American Bankers Association, a group that represents mostly community banks, has filed a complaint challenging the final version of the Volcker Rule, Bloomberg reported.
Dubai Islamic Bank said on Wednesday it would increase its foreign ownership limit to 25 percent from 15 percent.
Title insurer Fidelity National Financial will sell a number of its databases to meet U.S. charges its proposed $2.9 billion acquisition of Lender Processing Services Inc hurt competition, the Federal Trade Commission said on Tuesday.
The American bankers Association on Monday said it would mount a legal challenge to the "Volcker rule" unless U.S. banking regulators softened a provision of the rule that restricts bank ownership of certain investments.
Rhoen-Klinukum, which had put up for sale its 43 hospitals and 15 outpatient facilities, expects to get the green light from German antitrust regulators on the proposed sale of most of its assets to rival Fresenius SE & Co.
Tribune Co., which planned to split its newspaper division from its TV-broadcasting division in July, said that it intends to meet with Rep. Henry Waxman to dicuss his concern about the spinoff's impact on the Los Angeles Times.
A Dutch arbitration court on Friday ordered American luxury jewelry retailer Tiffany & Co. to pay Swiss watchmaker Swatch Group $449 million in damages over their failed 20-year joint venture.
The following are mergers under review by the European Commission and a brief guide to the EU merger process.
