Legal & Regulatory
Failing to Pay Student Loans Can Indirectly Lead Up To an Arrest
An arrest of Paul Aker, a Houston man with more than $1,500 student loan granted almost 30 years ago, received a lot of attention from the U.S citizens and media. Typically, someone can’t get arrested simply for failing to pay the student loan, but an arrest of someone with a student debt could happen under one condition when the person failed to obey a court order to show up regarding the matter.
South African Finance Minister Orders Probe Into Eskom Coal Supply Deal
Eskom, a South African state owned power producer has attracted a probe over its deals for developing new power plants. Country’s finance minister has ordered the probe and cancelled post budget breakfast briefing scheduled to be broadcast by New Age newspaper. The move has been analyzed as a revolt within the government against Gupta family, intimate with President Jacob Zuma.
China Replaced The Chairman of Its Top Securities Regulator Over Market Turbulence
China’s ruling party decided to replace the country’s chairman of the securities regulator, Xiao Gang, with former central banker Liu Shiyu. The regulator has taken the blame for failing to stabilize the market turbulence in the country over the year.
Tim Cook Finally Invited For Testifying Before Congress Subcommittee
The US Department of Justice has been favored with a court order in getting technical assistance from Apple for unlocking an iPhone. Apple CEO has vowed to challenge the court order citing iPhone security. Finally HECC has come forward to end the dead lock situation with invitation to Tim Cook for discussing a possible solution mentioning no set date.