Legal & Regulatory

Edwards Wildman to partner with Ismen Law Firm of Istanbul. The law firm of Edwards, Wildman and Palmer LLP, gladly unveiled to the public its plan to extend its office to Istanbul and work closely with Ismen Law Firm depending on the regulatory consent by the Istanbul Bar Association.

Suntech was able to obtain another deferment as to the loan obligations that would fall due on May 15.

Dish Network announced the completion of all the clarificatory questions posed on its US$25.5 billion unsolicited bid for Sprint Nextel.

Bloomberg Editor in Chief issues an apology, calling the access as inexcusable. The Editor in Chief of Bloomberg News, Matthew Winkler, apologized Monday for allowing its journalists 'limited access' to sensitive data on how clients utilized the ubiquitous Bloomberg terminals.

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Bloomberg, in a response to a complaint made by Goldman Sachs, removes reporters access to its terminals.

Swiss Finance Minister said that the government would be debating on the issue of bank secrecy on two specific points.

Host British finance minister said that the G7 officials meeting is aimed to discuss continued reforms.

In a move to restructure its banking industry, the Greek Central Bank is closing down FBBank. Greece, in a bid for housecleaning, has split one of its smaller lending institutions into 'good' and 'bad' parts.

Bloomberg news reporters had access to personal information of those using the news service, leading to ethical issues as to its use.

Wisconsin bill for state backed venture capital fund proposed. A bill whose main provision would place US$25 million in state money to fund start up companies in Wisconsin has passed the first reading in its state legislature.

JAB files for regulatory approval of the offer sheet for DE Master Blenders. Joh A Benckiser, the German food conglomerate, together with other co-investors are preparing to apply for regulatory approval of their offer sheet to purchase Douwe Egberts Coffee.

John Hancock and sister Bianca Rinehart sues to remove their mother as trustee of the Hope Margaret Hancock Trust.

Former Enron CEO Jeff Skilling is set to be released from prison by 2018 because of an agreement with federal prosecutors.

Due to issues on informal settlers, trees and others, the construction of the Posco steel plant has been suspended.