MUMBAI: Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 corore alleged scam, today said vested interests are trying to scuttle its proposed settlement plan to resolve this issue. It also defended promoter FTIL's former chairman Jignesh Shah saying he was not involved in any matter related NSEL. "Jignesh Shah is not involved in any matter related to NSEL and all the recovery efforts of the exchange are managed by the revamped board of directors of the exchange.
[AP] - The European Central Bank's chief economist said a Greek debt restructuring would be a "recipe for catastrophe" as he blamed "vested interests" in Britain and the United States for fueling market pressure on the country.
MUMBAI: YES Bank, India's fifth-biggest private sector lender by assets, has asked market regulator Sebi to probe the "intentions" of analysts of brokerage UBS, who, in a recent report, had painted a bleak picture of the bank's finances if its borrowers were to default. The bank alleged that UBS' analysts did not make "full and fair disclosure" of their "interests" before publishing the report. It also said that the UBS report is based on information from the Registrar of Companies (RoC) and that the research firm did not seek comments from the bank regarding the data.
Tomaso Duso, Klaus Gugler, Florian Szücs, 26 January 2014In 2004, European merger law was substantially revised, with the aim of achieving a ‘more economic approach’ to merger policy. This column discusses a recent empirical assessment of European merger cases before and after the reform. Post-reform, the outcomes of merger cases became more predictable, and the Commission prohibited fewer pro-competitive mergers.
Managing significant changes to the U.S. patent system brought about by implementation of last year’s major patent reform law is not just a project that stays within our borders. Since many outside the U.S. seek a U.S. patent, other nations have a keen interest in understanding how the America Invents Act will work and may wish to file comments on the rules packages associated with implementing the biggest overhaul to U.S. patent law since the system was born over 200 years ago.Recognizing this interest, Under Secretary of Commerce for Intellectual Property and Director of the USPTO David Kappos undertook a European “road show” last week, visiting six cities in four days to conduct stakeholder outreach events and meet with the heads of offices from several European intellectual property offices. In conjunction with local chambers of commerce, Under Secretary Kappos covered three important topics during these stakeholder outreach events: an overview of the significant changes being made to the patent system by the America Invents Act and progress in its implementation; the need for further harmonization of the world’s patent laws; and the benefits of a work sharing mechanism known as the Patent Prosecution Highway, or PPH 2.0.